SPECIFICS OF FORMATION AND EFFECTIVE USE OF CURRENT ASSETS IN CONSTRUCTION

Abstract

Objectives. This study is aimed at identifying the specifics of managing current assets in construction enterprises and developing a set of practical measures that can enhance the efficiency of their use.Method. In the course of the study, a system approach was taken, comparative and functional-cost analysis methods.Result. It is shownthatthe specifics of current assetformation in construction industry is to be taken into account when developing a conceptual basis for managinga construction enterprise. Methodological approaches to the estimation of current assets are described, the most effective of which facilitate the optimal choice of sources, forms and volume of attracting current assets into construction industry. A set of practical measures for organizing a system of current asset management in construction enterprises is proposed. These measures are expected to provide for the rational formation and use of all the constituent components of this system.Conclusion. The methodological approaches to the estimation of current assets, criteria for making managerial decisions, management strategy development stage sand methodological provisions for the organisation of the management of current assets presented in this papercan be used as a methodological basis for managing the working assets of a construction enterprise, thuscontributing to improved management efficiency and creating conditions for sustainable functionality. Every managerial decisionrelated to determining the level of financial assets, accounts receivable and inventories should be considered from the standpoint of both the profitability of these assets and the optimal structure of current assets, thus requiring respective management levers. The implementation of the basic requirements for the management of current assets necessitates the application of anti-risk expert-analytical procedures, including those related to the functioning of the corporate information management system.