JEL Classification: M 40.
Kolisnyk O., Candidate of Economic Sciences, Associate Professor of the Department of Accounting, National University of the State Fiscal Service of Ukraine, Irpin, Ukraine
e-mail: kolesnik_l09@ukr.net
Zamohylna A., Master of Accountancy (MAcc), National University of the State Fiscal Service of Ukraine, Irpin, Ukraine
Сash flows: essence, classification and optimization in the management process
Abstract. Introduction. It is hard to imagine the activity of the enterprise without the calculations making up by cash flows. Their constant movement forms the concept of “cash flows”, which requires thorough research and refinement. The article is devoted to the actual problem on the coordination of the definition of the essence, classification and optimization of cash flows in the management process. International law defines the notion of cash flows as the receipt and disposal of cash and cash equivalents. Cash includes cash on hand and demand deposits, and cash equivalents are short-term highly liquid investments that are freely converted into known cash amounts and which are characterized by a slight risk of changes in value. Domestic legislation does not provide an interpretation of cash flows, but rather deeply defines the notion of cash. On this basis, it can be argued that cash flows are the movement of funds that occurs at the enterprise as a result of its activities.
Purpose.The purpose of the article is to determine the essence of cash flows; distinguishing classification features that groups cash flows; researching methods and models for optimizing cash flows in the management process. The paper outlines the task of optimizing cash flows, its main directions and objects. The scientific novelty of the obtained results consists in the developed recommendations and proposals for improving the theoretical foundations of cash flows and their optimization in the process of enterprise management.
Results.The practical significance of the results is that they can be used in the company’s operations to optimize cash flows in order to increase their management efficiency.
Conclusions.This topic has in the future sufficient prospects for research in improving the methods and models for optimizing cash flows, since their effective management is a priority task for functioning companies, given that cash is considered to be the most liquid assets.
Keywords: cash; cash flows; optimization; classification; payment calendar; cash management.
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