APPLICATION PECULIARITIES OF SCIENTIFIC RESEARCH METHODS IN THE FINANCIAL AND ECONOMIC SPHERE

Abstract

The article investigates the theoretical foundations of the applicationof research methods in the financial and economic sphere. The structure of the methodology of financial and economic research and the application of general scientific and specific scientific methods are considered. Peculiarities of application of methods in the main part of the research are determined.The article also describes the inductive method, which provides for thecollection, systematization and generalization of facts relevant to theproblem that requires solution. It is determined that the final stage of theinductive method, which is preceded by the collection and systematization of facts (phenomena), is the derivation of financial and economic principles, theories, generalizations. Also it is established that as a result of application of a deduction method the hypothesis giving to research work purposefulness and logic of realization through search, studying and systematization of the facts which confirm, or on the contrary, refute it is formulated.The article states that in addition to the use of inductive and deductivemethods in scientific research, such general scientific methods as analysisand synthesis, analogy and modeling, abstraction and concretization, system analysis, functional-cost analysis and specific scientific methods are used: organoleptic, computational -analytical, documentary.The conclusions of the article indicate that in the main part of theresearch methodology on the topic of general and specific scientificresearch methods choose those that allow a comprehensive study offinancial and economic processes, identify patterns and trends in theirdevelopment, identify areas for further improvement of these processes.reserves and develop scientifically sound recommendations for their use in financial and economic activities.