Buhas Vasil, Ph.D. (Economics), Associate Professor, Kyiv National University of Technologies and Design, Kyiv, Ukraine

ORCID ID: 0000-0001-8317-3350
e-mail: buhas0203@gmail.com

Koval Alla, Ph.D. (Economics), Associate Professor of the State Fiscal Service of Ukraine, Kyiv, Ukraine

ORCID ID: 0000-0002-8444-4738

Management of Financial Resources of The Enterprise

Abstract. Strengthening in the context of the financial and political crisis of the national economy the most important factors for the successful development of domestic enterprises in the long run is the existence of a fundamental goal of development and the establishment of an effective system of management of their finances, focused on achieving this goal. The experience of developed countries, the development of management technologies, and the implementation of a value-based approach to business management at Ukrainian enterprises have convincingly proved that the priority goal of enterprise development is to maximize its value.

Purpose. The mechanism for the formation of qualitative and effective management of financial resources of the enterprise, it is necessary to adhere to the principles of systematicity and complexity, which becomes especially relevant in view of economic and political instability in the world, globalization of business, the increase of entrepreneurial risks and fierce competition.

Results. Financial level potential and financial market conditions broaden or limit the ability of enterprises to generate sufficient financial resources. All this necessitates the development of an effective financial management policy as one of the most important elements in the overall strategy of enterprise activity and development.

Conclusions. The formation of the mechanism of qualitative and effective management of the financial resources of the enterprise must be carried out in compliance with the principles of systematicity and complexity, which becomes especially relevant due to economic and political instability in the world, globalization of business, increase of entrepreneurial risks and fierce competition.

Keywords: national economy; financial resources; investment attractiveness; mechanism financial.

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