The management’s improvement of the enterprise’s financial resources
Journal Title: Економіка. Фінанси. Право - Year 2018, Vol 8, Issue
Abstract
Introduction. In the modern economy, the efficiency of enterprises depends on full and timely mobilization, effective allocation and use of financial resources. Necessary search for new theoretical and methodological approaches to building mechanisms for the formation and use of funds of economic entities, which will be the basis for maintaining their stability and strategic development. In this regard, the most important task is the development of alternative methods and tools for managing the financial resources of the enterprise. Purpose. The purpose of the study is to substantiate the scientific methodological approaches and practical recommendations for improving the tools of management of financial resources of the enterprise. Results. Consideration of the essence of financial resources of enterprises allowed to highlight their properties, according to which it is necessary to distinguish sources of resources and their species. The latter are concrete forms of accumulation, which are formed by economic entities as a result of the distribution of sources. Therefore, when classifying them it is expedient to consider separately, as when managing the financial resources of the enterprise and when choosing their sources, somewhat different approaches and tools are used. It is added that the important feature of the financial model of the enterprise was the transition to the concept of the expediency and efficiency of using financial resources based on the value of net cash flows. The set of tools for evaluation of the latter is proposed to combine at the stage of adoption and implementation of the management decision on the formation and embedding of financial resources and to supplement the risk assessment taking into account the liquidity factor. Conclusion. The study of the mechanism for the formation and use of financial resources of Ukrainian enterprises indicates the need to improve their management tools at micro and macro levels, which is one of the important conditions for improving the economic situation in the country as a whole and improving the efficiency of individual enterprises. Necessary improvement of amortization policy at the state level, which involves the creation of a special institute for the development of a concept and a mechanism for accrual of depreciation.
Authors and Affiliations
Ninel Vasylivna Bondarenko, Anastasiia Oleksandrivna Shulha
Keywords
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