Financial management of enterprise development in an unstable environment
Journal Title: Центральноукраїнський науковий вісник. Економічні науки. - Year 2014, Vol 25, Issue
Abstract
The article defines the features of a modern industrial enterprise financial management , their role and functions. Methodical approaches to improve cash flow management in the enterprise This allowed more effectively plan, analyze, and monitor cash flows of the enterprise. The calculations of the economic efficiency of the proposed measures. Were also used a number of different methods. For example, SWOT-analysis, by which established strengths and weaknesses of the company and its risks identified and development opportunities. Particular attention is paid to financial regulation. The requirements and regulations of the state of financial regulation, which are mandatory for all businesses. These areas of financial regulation and implemented enterprise independently of their choice depending on the goals and objectives of the strategic development , organizational and managerial capabilities, business size. It is necessary to maximize the impact, financial management, a more complete and comprehensive utilization of available financial instruments businesses. The analysis suggests that to ensure effective financial management enterprise must consider questions of financial regulation at all levels, and especially where it can not affect its conditions and laws. That is why the financial management of the enterprise involves the development of a specific financial strategy and tactics based on the financial analysis, a comprehensive assessment of its results, forecasting revenues and expenses, changes in the structure of assets and liabilities, changes in the volume and cost structure of sales, profits, as well as the dynamics of environmental factors. Solutions have to be a variant character, and one of the tasks of financial management - selection of the most rational and workable options simultaneously ensure economic production process.
Authors and Affiliations
Yuri Baev
Keywords
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- EP ID EP355449
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