Abstract
Abstract. Introduction. The transformation of the financial management of the enterprise takes place not only under the influence of scientific research and progressive experience, as well as changes in current tax, currency and investment legislation. The change in financial management was influenced by the Order of the Ministry of Finance of Ukraine dated September 16, 2019 № 379, which approved the need to determine the present value of long-term receivables. Purpose. The purpose of the article is to summarize the provisions of current legislation on discounting receivables and to develop of directions ofreforming the financial management of the enterprise in terms of the introduction of mandatory discounting of receivables. Results. The study of discounting receivables in the financial management system of the enterprise involves understanding the discounting of receivables as a process of reducing future cash flows to present value in the context of managing the formation, distribution and use of financial resources and optimize cash flow. The structural and logical scheme of discounting of receivables in the system of financial management of the enterprise is offered. The approaches to determining the discount rate of receivables on the basis of generalization of recommendations of the State Fiscal Service of Ukraine and the Ministry of Finance of Ukraine are generalized. Recommendation letters and news reports of state financial institutions offer a choice of discount rate that provides legitimate company to vary the size of losses from cost reduction and vary the size of the tax difference in determining tax liabilities in calculating income tax in 2019-2020 is given.. Conclusions. Discounting of receivables in the financial management system of the enterprise is proposed to be considered as a holistic system, which is based on the principles of financial management and is designed to organize the interaction of objects and subjects of discounting receivables. Discounting of receivables in the financial management system of the enterprise is proposed to be considered as a set of eight stages.
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