CONTROLLING OF CREDIT DEBTS IN THE SYSTEM OF ANTI-CRISIS FINANCIAL MANAGEMENT

A P Kushchik

doi:10.26661/2414-0287-2021-1-49-20

Abstract

The article deals with topical issues of introduction of controlling of credit debts in the system of anti-crisis financial management of the enterprise. It is noted that effective management of credit debts of industrial enterprises in the conditions of working capital deficit taking into account aspects of its strategic development and specific tactical goals is an integrity process in general involving modification and application of alternative concepts of capital management of the enterprise which is adequate to market transformational market economy of Ukraine. It is established that the mechanism of credit debts management is a part of the overall financial strategy, which is providing the most effective forms and conditions for raising borrowed capital from various sources in accordance with the needs of enterprise development. A method of liability analysis is proposed, the main task of which is to identify signs of insolvency of the enterprise and preventing its bankruptcy. The essence of the proposed method is to study the structure of liabilities, their turnover, to determine the degree of solvency and liquidity of the enterprise, as well as to calculate the maximum amount of liabilities under the influence of such factors as profit, of enterprise and circulating expenses assets. It is noted that the optimization of credit debts is an important aspect of the enterprise, as it is an integral part of modern business. Effective management and optimization of credit debts can be a relatively inexpensive and additional source of financial resources, and, consequently, an important element of the system of anticrisis financial management of the enterprise.

Highlights

It is noted that the optimization of credit debts is an important aspect of the enterprise, as it is an integral part of modern business
The step of the analysis is to study the composition of credit debts by its individual types; identification of the dynamics of the share of its individual species in the total amount of credit debts; checking the timeliness of accrual and payment of funds on individual accounts
Ensuring effective management of credit debts of the enterprise will allow to eliminate the negative consequences of its existence

Summary

Statement of problem

Credit debts management promotes the circulation of funds in the production process and is a public recognition that the company has fulfilled its production obligations and goals. Optimization of the amount of credit debts involves the formation of such a size that can attract the necessary short-term funds, as well on a free basis; can ensure the receipt of the necessary profit from the sale and maintain an acceptable level of financial risk, and provide a sufficiently high rate of turnover in the calculations, too. Significant and uncontrolled growth of credit debts leads to loss of control over the amount of long-term and current liabilities, and in some cases – to the bankruptcy of the enterprise. This involves the development and implementation of strategies that ensure the achievement of the planned level of market positioning through their constant adaptation to changes in the competitive environment. In the context of the crisis of accounts, it is important to study methodological approaches to the optimization of credit debts as an integral element of anticrisis management

Analysis of recent studies and publications

Objectives of the article

The main material of the research

Conclusions