Kutsay Natalia, PhD (Economics), Associate Professor of the Management, Lutsk national technical university, Lutsk, Ukraine

ORCID ID: 0000-0003-3419-1725
e-mail: n.kutsai@lntu.edu.ua

Demchuk Valentyn, student of the Faculty of Management, Lutsk national technical university, Lutsk, Ukraine

ORCID ID: 0000-0001-8578-9239
e-mail: val-axc@ukr.net

The Еssence, Tasks and Stages of Managing the Financial Condition of the Enterprise

Annotation. Introduction. In the conditions of crisis, unstable external environment and pressure of competitors there are two needs for timely adaptation for enterprises. In these conditions, it becomes increasingly necessary to manage the financial condition of the enterprise. Financial condition management is a capacious process with specific stages and tasks, the implementation of which requires an in-depth analysis of the financial performance in the enterprise. It is difficult for an enterprise today to assess the role of well performing financial management. Asset and liability management, timely investment and receipt of funds, the ability to meet the requirements of creditors, the vision of managers of prospects for business development are keys to survival an enterprise in modern conditions. Given this, it is extremely important to understand the process of managing the financial condition and the stages of its implementation.

Purpose. The purpose of the article is to clarify the essence of the concept of «financial condition management». The company’s tasks and stages, as well as the role and importance in the activities of enterprises.

Results. It is determined that the management of the financial condition in the enterprise is a complex process that includes a system of tasks and a sequence of stages for the implementation of management. It is substantiated that the management of financial condition is carried out on the basis of financial analysis of the enterprise. The tasks performed by the management of the financial condition of the enterprise are described, the tasks are formulas for calculating the indicators of financial stability, liquidity and solvency, business activity and profitability. The sequence of stages of financial condition management which consists of preparatory, main and final stages is characterized.

Conclusions. It is concluded that the management of the financial condition in the enterprise is an important process that requires study, research and use in the company’s activities. It is determined that financial management is a process of influencing the organization using various financial mechanisms (financial methods, financial levers, regulatory and legal support and information support) to develop and achieve strategic goals of the enterprise.

Keywords: financial condition; financial management condition; financial management tasks condition; stages of financial management condition.

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