Year: 2024
Type: article
Abstract: The article thoroughly examines the key aspects of managing an enterprise's financial resources, which serve as the foundation for its efficient functioning and development in modern economic conditions. Particular attention is paid to the role of financial resources in ensuring the stable operation of the enterprise and its ability to adapt to external challenges and changes in the market environment. The article provides a detailed analysis of the main management methods and tools that facilitate effective planning, monitoring, and optimization of financial resource utilization. Special emphasis is placed on the implementation of modern management accounting systems that enable systematic analysis of financial information for making well-grounded managerial decisions. The article highlights the significance of financial analysis as a tool for assessing the current state of the enterprise, identifying potential risks, and uncovering reserves to enhance financial stability. Furthermore, it substantiates the necessity of introducing innovative approaches to financial management, particularly the automation of accounting and reporting processes, which contribute to improving the transparency and timeliness of managerial actions. The article also offers practical recommendations aimed at improving management processes in the domain of financial resources. These include the development of strategic financial plans, the optimization of capital structure, effective liquidity management, and cost minimization. Additionally, it underscores the importance of enhancing the qualifications of financial managers, their ability to analyze market trends, and their use of modern financial instruments. Overall, the study presents a comprehensive approach to financial resource management, enabling enterprises to ensure stability, competitiveness, and long-term development in the context of a modern market economy.
Authors: ВНЗ "Університет економіки та права "КРОК", Юрій Стусь, Ольга Чумаченко
Institution: KROK University
Language: English
Domain: Social Sciences
Open Access status: diamond
OpenAlex ID: W4405903009