SELECTION OF ACCOUNTING-ANALYTICAL AND FINANCIAL MONITORING TOOLS OF THE ENTERPRISE
Journal Title: Проблеми системного підходу в економіці - Year 2018, Vol 6, Issue 68
Abstract
The article considers and investigates the main components and conditions of enterprise security and the effectiveness of their interaction. The article describes the factors that affect the security system, their effectiveness is revealed. The structure of the basic principles of ensuring the monitoring of the safety of the enterprise and the efficiency of their use are determined. The financial condition of the enterprise depends on the results of its production, commercial and financial and economic activities. Therefore, all of these activities of the enterprise are influenced by it. The main monitoring tasks include, in addition to evaluating the main results of the activity, the process of assessing the current and retrospective financial status. At the same time, the result of the monitoring is a summary assessment and forecast of future results. Financial monitoring should reproduce all processes in the dynamics, and also contain data for comparison of current indicators with the basic, which will provide the necessary amount of information users in accordance with the requirements. Financial monitoring can be divided into two blocks: monitoring of financial activity of the enterprise (as process) and monitoring of the financial state (as characteristics at a certain point in time). The first is aimed at checking the compliance of the company's real financial flows with the funds planned in its budget, which allows us to assess the financial dynamics of the enterprise, that is, changes in its financial position, expressed by the movement of its financial flows. In the process of analysis of financial flows, the characteristics of cash flows of an enterprise (inflows, outflows, net cash flows) in the context of current, investment and financial activity are investigated: volume, duration, periodicity, structure, dynamics. The results of the trend analysis of financial flows allow us to assess the prospects of changing the financial condition of the enterprise. Ensuring balance of financial flows is the basis for their optimization. Negative consequences are both surplus and deficit of financial flow. In the first case, this is manifested in reducing the real cost of surplus funds, reducing the amount of profit from the attracted capital. In the second case – there is a decrease in the solvency of the enterprise, a decrease in the liquidity of its assets, an increase in payables, etc.
Authors and Affiliations
Oleksii Susidenko
Keywords
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- EP ID EP562381
- DOI 10.32782/2520-2200/2018-6-31
- Views 136
- Downloads 0
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