MANAGEMENT OF THE FINANCIAL RESOURCES OF THE ENTERPRISE AND ITS IMPACT ON ITS FINANCIAL CONDITION

Abstract

Financial resources are the basis of entrepreneurial activity. After all, it is they who create the necessary material basis for the functioning of the business in the market, providing what consumers want. Their lack of business can become a very powerful brake on development. All classifications of financial resources of enterprises have certain differences, which are mainly reflected in the concepts, classification tools and signs of classification of various types of financial resources of enterprises. Therefore, the most common is the classification of financial resources according to the source of their formation, according to which three main categories can be distinguished: own, borrowed and borrowed. But in practice, only the first group is clearly distinguished, and the second and third groups are often used in combination. These funds, in turn, fall at various stages of economic operations, under the pressure of internal and external factors. At the same time, the financial resources of the joint-stock company can be directed to current costs of production and sale of products, repayment of obligations of the financial and banking systems, expansion of reproduction and development of enterprises, formation of financial reserves for investment, charitable purposes, sponsorship, etc. Management of financial resources is a set of interrelated elements – a subject (financial manager), an object (financial flow), a goal (creating a repository of resources from appropriate sources and ensuring the effective use of received resources), as well as methods and means of implementation. Management of the company’s financial resources is one of the key factors in the organization of the company’s production and economic activity, as well as one of the most important factors in ensuring the effective financial and economic activity of the company in modern conditions.