Trusova Natalia, Doctor of Economic Sciences, Profesor, Professor of the Department of Finance, Accounting and Taxation, Dmytro Motornyi Tavria State Agrotechnological University, Zaporizhzhia, Ukraine

ORCID ID: 0000-0001-9773-4534
e-mail: trusova_natalya5@ukr.net

Prystemskyi Oleksandr, Doctor of Economic Sciences, Professor, Professor of the Department of Accounting and Taxation, Kherson State Agrarian and Economic University, Kherson, Ukraine

ORCID ID: 0000-0001-9743-3563
e-mail: pristemskiyaleksandr@gmail.com

Melnyk Larisa, PhD in Economics, Docent, Associate Professor at the Department of Labor Resources and Entrepreneurship, National University of Water and Environmental Engineering, Rivne, Ukraine

ORCID ID: 0000-0003-1731-1860
e-mail: l.m.melnyk@nuwm.edu.ua

Management of Financial Flows of Economic Activities: Tools and Stabilizers of Financial Security of the Development of Agricultural Entities

Abstract. Introduction. Management of financial flows is of great importance for the effective functioning of agricultural entities. An important condition for the effective functioning of agricultural entities is the provision of even and balanced movement of financial flows, which is not always possible both from a technological and financial point of view.

Purpose. The strategy of strengthening the financial security of agricultural development is considered, which involves a correlational combination of the strategy of optimizing financial flows, the strategy of managing the capital structure, the strategy of minimizing financial risks, and the anti-crisis financial strategy. It was determined that the target orientation of financial flow management is the economic regulation of the duration of the enterprise’s operating cycle.

Results. The main features of the financial security of the development of agricultural entities have been formed. The basic fundamental indicators on which the financial security of enterprises should be based are considered. It was determined that strengthening the financial security of agricultural development is facilitated by the effective use of financial flows of economic activity and the creation of a rational and optimal financing structure. It is necessary to take into account the sources of the formation of financial flows and the minimization of financial risks to ensure the financial security of the development of agriculture. It was determined that the cyclic nature of financial flows in terms of production directions of agricultural enterprises is manifested through indicators of the speed of turnover of receivables and payables and characterizes the efficiency of the enterprises.

Conclusions. The rational management of financial flows of agricultural enterprises is a necessary condition for increasing the efficiency of the mechanism of the use of financial resources and sources of their formation. The economic performance of agricultural enterprises should be determined by indicators of financial stability, solvency, profitability with a reduction in the risk of unforeseen financial losses.

Keywords: financial flows; agriculture; financial security; reserves; economic activity.

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