2024 Author: Howard Calhoun | [email protected]. Last modified: 2023-12-17 10:16
The activity of any organized team is based on the efficiency of attracting and using funds, or managing the finances of an enterprise. Properly organized financial activities lead to high results.
Enterprise financial management
The level of profit received by an enterprise is directly related to the proceeds from the sale of its products, which exceed production costs.
The financial management of an enterprise will be effective when the management decisions made clearly regulate the movement of funds.
Properly organized planning of financial flows allows you to safely go through the stage of borrowing initial capital from an external source and enter positions when the company's income becomes the main financial source.
Enterprise financial management system
The success of an enterprise depends on a well-coordinated, well-organized management systemcomplex, multivariate, diverse cash flows. The enterprise financial management system, or financial management, aims to achieve corporate results.
In a transitional economy, financial management is to develop measures aimed primarily at survival and avoiding bankruptcy.
With the development of the economy, the goals of the enterprise become more complex, the priority is to set the maximum assessment of the market value of the enterprise. Various principles, financial instruments and methods, indicators and organizational structure are included in the management system or financial management.
There are general rules for financial management, which are based on independence, self-financing, responsibility for the result, interest in economic efficiency, on the creation of reserves, on control. The management system is designed to ensure that these principles are applied simultaneously and disseminated across all areas of corporate cash.
Methods of enterprise financial management are built on the basis of developed principles, methods of accounting and analysis, planning and control.
Financial accounting is guided by international reporting standards, that is, information on the financial position and flows is submitted in accordance with the rules provided. Analysis is an assessment of the efficiency of management, as well as the economic development of an enterprise.
Method of managing financial flows inThe activity of the enterprise is aimed at optimizing funds for the development perspective. The key role in the management system belongs to the budget of the enterprise. Closes the financial control system. Financial management of an enterprise in Russia is undergoing a transition from the development of algorithms for solving simple problems to complex, complex tasks.
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