Problems and ways of improving the financial management of business entities in Ukraine

Authors

  • T.S. Karpova Donetsk National University
  • O.V. Pozdnyakova Donetsk National University

Keywords:

enterprise, business entities, the subjects of business, management, financial activity, financial work, financial mechanism

Abstract

In the article it is grounded the value of financial activity in the process of the realization the business entrepreneurial activity subjects, its basic tasks. It is investigated the condition of enterprise in the modern stage and certainly its basic progress trends in Ukraine. Based on the analysis it is found out the basic problems and factors, which influence on development the modern enterprises. It is selected factors, which negatively influence on financial activity the subjects of business and stop the development of enterprise. It is offered basic directions of management financial activity, which business entities must adhere to with the purpose of providing the competitiveness and profitability. It is determined role, place of financial mechanism in development the enterprise, and described its basic component elements. It is offered main directions of perfection the management and realization the financial mechanism for the increase of efficiency the subjects of business activity. It is done conclusions about the necessity and expedience of the permanent monitoring the financial activity of enterprises and increase the role of the enterprise in Ukraine, because the enterprise is basic motive force of development the national economy.

Author Biographies

T.S. Karpova, Donetsk National University

Ph.D in economics, senior lecturer of "Finance and Banking" department

O.V. Pozdnyakova, Donetsk National University

student

References

Varnaliy Z.S. Small business: basic theory and practice. Z.S. Varnaliy - 4- book., "Knowledge". - KOO - 2008.- 302p.

Drucker P. How to ensure business success: Innovation and Entrepreneurship: Translate from English. / P. Drucker. - "Ukraina". - 1994. - 319p.

Tkachenko I.P. Lecturs on the subject "The financial activity of business entities" (Part 1) / I.P Tkachenko. - Dneprodzersinsk: DDTU. - 2013. - 129 p.

Tereschenko O.O. Financial activities of business organizations: Teach. book / O.O. Tereshchenko. - K.: Kyiv National Economic University. - 2003. - 554 p.

Poddyerohin A.M. Finance of the enterprises: Textbook / A.M. Poddyerohin // - K.: KNEU. - 2001. – 460 p.

Hoy I.V. Entrepreneurship [text]:. Textbook / I.V. Hoy, T.P. Smelyanska. - K.: "Centr uchbovoi literaturi." - 2013. - 368 p.

About the approval of the National Policy (Standard) Accounting 1 "General Requirements for Financial Reporting": Decree of the Ministry of Finance of Ukraine of 02.07.2013 p. № 73 [E-resourse]: http://zakon4.rada.gov.ua/laws/show/z0336-13

Ukraine entered the first hundred in Doing Business [E-resourse]: ВВС Ukraina: http://www.bbc.co.uk/ukrainian/business/2014/10/141029_doing_business_ukraine_az

Lukyanchykova O.A. Analysis of problems and prospects of development the small business in Ukraine / O.A. Lukyanchikov, L.I. Fedoryshyn // Economics. A series of "Accounting and Finance". - 2013. - №10 (3). - S. 440 - 445.

State Statistics Committee of Ukraine [e- resource]. - Access: http://www.ukrstat.gov.ua/

Kirsanova T.O. Problems and prospects of financial planning at the enterprise / T.O. Kirsanova, N.A. Dyachenko // Vestnik of SumDU. Series «Economy». - 2011. - number 4. - P. 48 - 57.

Malik L.V. Problems of financial planning and budgeting / L.V. Malik, K.I. Pavlova // Scientific Conference. - [Electronic resource]. - Access: http://intkonf.org/malik-lv-pavlova-ki-problemi-finansovogo-planuvannyata-byudzhetuvannya/

Nepran I.V. Improving of the efficiency of financial control in enterprises in Ukraine / I.V. Nepran // The management of development. - 2014. - №2 (165). - P. 5 - 7.

Yarovaya Y.Y. The essence of internal control in Ukraine / Y.Y. Yarovaya, L.B Lishchynska // Economics. Business Economics. - [Electronic resource]. - Access: http://www.rusnauka.com/31_PRNT_2010/Economics/73977.doc.htm

Trunina I.M. Actual problems of small business in Ukraine / I.M. Trunina // Project management and development of production: Zb.nauk.pr. - 2012. - №2 (42). - P. 41 - 59. (42)

V.M. Shapoval Economics of interprises: Introduction to specialty: The boook / V.M. Shapoval, R.N. Avramchuk, O.V. Tkachenko - K.: Center of educational literature. - 2003. - 288p.

Dekhtyar N.A. Financial mechanism of business activity [Text]: monograph / N.A. Dekhtyar, O.V. Lyuta, N.G. Pigul Sumi University book. - 2011. - 182 p.

Matskiv V.V. Financial mechanism of ensuring the development of enterprises / V.V. Matskiv // Innovative Economy. - 2013. - №11. - P. 194 - 199.

Financial mechanism and its role in the financial policy [electronic resource]: Lecture on "Finance". – Assess: http://pidruchniki.com/12800528/finansi/finansoviy_ mehanizm_yogo_rol_ realizatsiyi_ finansovoyi_politiki

Bogomolov N.I. Financial leverage in the system of indicators of the company / N.I. Bogomolov // Collection of article of the State Economic and Technological University of Transport: Economics and Management. - 2014. - №27. - P. 277 - 281.

Eletskih S.Y. Research of the essence and components of the financial mechanism of sustainable development of industrial enterprises / S.Y. Eletskih // Economic of industry. - 2013. - №3 (63). - P. 105 - 112.

Matskiv V.V. Financial mechanism of ensuring the development of enterprises / V.V. Matskiv // Innovative Economy. - 2013. - №11. - P. 194 - 199.

Downloads

Issue

Section

Articles