FINANCIAL CONTROL KEY ELEMENT TO PROVIDE ECONOMIC SECURITY OF THE ENTERPRISE
DOI:
https://doi.org/10.31471/2409-0948-2019-1(19)-155-162Keywords:
production, organic production, efficiency, agriculture, system, climatic conditions, cooperativesAbstract
The article considers the essence of financial control and its importance in ensuring the economic security of the enterprise. It has been established that financial control is an effective coordinating system for ensuring the interconnection between the formation of an information base, financial analysis, financial planning and internal financial control, which ensures concentration of control activities. In the most priority areas of financial activity of the enterprise, timely detection of deviations of its actual results from the foreseen and the adoption of operational management decisions that ensure its normalization.
The views of leading scientists concerning the definition of the concept of financial controlling and its key elements are researched. Also, the key financial control functions are analyzed and analyzed in the article.
Six main concepts of financial controlling used for realization of functions of financial control in crisis conditions of management. The concept of generation of integrated planning and control tools; concept of production, sale or service; the concept of taking into account the specifics of the enterprise; the concept of the orientation of the movement of funds; use of the tools of the concept of financial control as the basis for making managerial decisions; management concept and management decision making.
The effectiveness of the company in difficult conditions, and especially in the long run, means not just survival in the market, but also ensuring high rates of development and competitiveness, is determined by the level of financial potential and quality of financial management in the enterprise. Which is provided by a certain extent with the effective organization and implementation of the financial system controlling. The application of the financial controlling system at the enterprise will enable to prevent emergence of crises, to identify the causes of financial problems and to effectively search for solutions to them. the primary task of financial control is the maintenance of liquidity and solvency of an enterprise, which can be achieved under the condition of financial planning with the current analysis of financial sustainability.
References
Teschenko, O.O. Staschuk, D.M. and Savchuk. D. H. (2011), Suchasnyj stan i perspektyvy rozvytku finansovogho kontrolinghu (do pidsumkiv ukrajinsjko-rosijsjkogho "krughlogho stolu") [The modern state and prospects of deve lopment are financial controlling (to the results ukrainian- russian "round table"], Finances of Ukraine, vol. 2, pp.117- 126.
Partyn, G.O. (2009), Vydy ta misce finansovogho kontrolinghu na pidpryjemstvi [Kinds and place of financial controlling on the enterprise"], Naukovyj visnyk NLTU Ukrainy, vol. 19.6, pp. 199-202.
Zborovsjka O.M. Ghodes O.D. (2013) Osoblyvosti pobudovy systemy finansovogho kontrollinghu na pidpryjemstvi [Features of construction of financial control system at the enterprise] Teoretychni i praktychni aspekty ekonomiky ta intelektualjnoji vlasnosti. – 2013. – vol. 1(2). – pp. 222–225.
Khan D. Pik (2005) Planirovanie i kontrol'. Yadro kontrollinga [Planning and control. Controlling core] Moscow Finance and Statistics (in Russian)
Tatarchuk M.I. (2005) Korporatyvni informacijni systemy: navch. posib. [Corporate Information Systems: Teach. manual] Kiev KNEU (in Ukraine)
Ivakhnenkov S.V., Melykh O.V. (2009) Finansovyj kontrolingh: metody ta informacijni tekhnologhiji [Financial Controlling: Methods and Information Technologies Knowledge] Kiev Knowledge (in Ukraine).
Safarov O.I. (2008) Praktyka kontrolinghu: shho pereshkodzhaje uspikhu jogho zdijsnennja [Controlling Practice: It prevents the success of its implementation] Actual problems of the economy.- no. 4. - p. 27-31.
Gharkusha N. M. ,Cukanova O. V., Ghoroshansjka O. O. (2011) Modeli i metody pryjnjattja rishenj v analizi ta audyti: navch. posib. [Models and methods of decision making in analysis and audit: teach. manual] Kiev Knowledge (in Ukraine).
Arefiev, V. O. (2013). Formuvannia finansovoi stratehii v systemi finansovoi bezpeky pidpryiemstva. Stratehiia rozvytku Ukrainy. Ekonomika. Sotsiolohiia. Pravo, 4, 1–7.
Ansoff, I. (1989). Strategicheskoe upravlenie. Moskva: Ekonomika.
Downloads
Published
How to Cite
Issue
Section
License
Copyright and Licensing Terms
Copyright Statement
The authors who publish in the journal accept the following conditions:
- The authors retain the copyright and grant the journal the right of first publication, licensed with Creative CommonsCC BY-NC-SA , which permits other people to remix, transform, and build upon the material and use the material for non-commercial purposes, give appropriate credit and distribute the contributions under the same license as the original.
- The authors can conclude additional agreements on the non-exclusive distribution of the journal’s published version of the work (for example, publication of the work in electronic repositories) with an acknowledgment of its initial publication in this journal.
- The authors can upload the published articles on the Internet (for example, in electronic repositories or on web-sites), as it will stimulate fruitful scholarly discussions and increase the citation rates of the published articles.
1.png)
1.png){kind=logo}
