Improvement of the enterprise’s financial state management

Abstract

The reformation of the established economic systems requires from government agencies serious preparation of legislative, regulatory, personnel, credit and monetary policies, logistical flows of resources, etc. One of the most important requirements for the business organization management is the quality management of the financial state of the enterprise, ensuring self-sufficiency and self-financing. If these requirements are met, the business will be sustainable and developing. For this to be achievable, it is necessary to improve the decision-making quality. For this purpose, it is necessary to improve the level of training of financial block managers, who are able to analytically assess both the internal and external environment of the organization. The state of the internal environment and its development depends entirely on the owner (lessee). For this purpose, they have exhaustive internal information. The main source of information on the financial state is the balance sheet and its appendix. The task of organization’s financial management is to use it for complex analysis, first of all: analysis of balance sheet liquidity, financial stability, creditworthiness. The results of this analysis should be objective and real, which will allow making adjustments in the current activities, as well as in the near future. The purpose of this study is to use the technique of analyzing the balance sheet liquidity to identify the factors that have influenced the financial state of the enterprise and to develop recommendations for its improvement.