{"id":13733,"date":"2020-05-20T18:39:09","date_gmt":"2020-05-20T15:39:09","guid":{"rendered":"https:\/\/modecon.mnau.edu.ua\/?p=13733"},"modified":"2020-05-20T21:58:09","modified_gmt":"2020-05-20T18:58:09","slug":"financial-cycle-controling-in-the","status":"publish","type":"post","link":"https:\/\/modecon.mnau.edu.ua\/en\/financial-cycle-controling-in-the\/","title":{"rendered":"Tkachenko,\u00a0V. & Dziadyk,\u00a0Kh. Financial Cycle Controlling in the anti-crisis financial management system of the enterprise"},"content":{"rendered":"

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JEL Classification<\/strong>: G32, D21, D58, C19, C61
\n<\/span><\/td>\n		DOI<\/b>: https:\/\/doi.org\/10.31521\/modecon.V20(2020)-46<\/a><\/span><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

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Tkachenko\u00a0Volodymyr<\/strong>, PhD (Economics), Associate Professor, Associate Professor of the Department of Enterprise Economics, University of the State Fiscal Service of Ukraine, Irpin, Ukraine<\/p>\n

ORCID ID<\/strong>: 0000-0003-4915-2518<\/a>
\ne-mail<\/strong>: 30122013a@gmail.com<\/a><\/p>\n

Dziadyk\u00a0Khrystyna<\/strong>, applicant first higher education (bachelor) level, University of the State Fiscal Service of Ukraine, Irpin, Ukraine<\/p>\n

e-mail<\/strong>: thumbelina03@ukr.net<\/a><\/p>\n

Financial Cycle Controlling in the Anti-Crisis Financial Management System of the Enterprise<\/h2>\n

 <\/p>\n

Abstract. Introduction<\/strong>. The stabilization of the domestic economy and the gradual increase of the economic potential of the state are directly related to the stable development of industry. In the difficult socio-economic conditions of industrial enterprises, there are factors of external and internal nature that destabilize their production activities. Imperfect legal framework, disproportionate taxation system, underdeveloped production infrastructure from the outside, as well as inefficient financial planning and asset management, a high degree of moral and physical deterioration of industrial enterprises, inability to timely diagnose negative trends in their activities – from within, financial management.<\/p>\n

Purpose<\/strong>. The establishment of anti-crisis financial control with its subsequent transformation into classical financial controlling should be a dominant component of the anti-crisis concept of any enterprise. Controlling service, by its nature, becomes the most important intellectual and innovative resource of the enterprise. One of the controlling objects of management in the system of financial crisis management are the financial cycle of the enterprise. In order to determine what kind of anti-crisis measures should be taken at the enterprise, it is necessary to analyze the influence of various factors on the value of the financial cycle of the enterprise. To this end, a regression analysis will be performed.<\/p>\n

Conclusions<\/strong>. Diagnostics is an important component of an enterprise’s financial crisis management and should be undertaken well in advance of the clear signs of a financial crisis that make it possible to identify reasonable measures needed to prevent the occurrence of a financial crisis or overcome an already existing financial crisis; assess the scale and depth of the crisis. In this context, controlling is one of the effective tools of crisis management. Since controlling is not a sufficiently advanced system in crisis management, it requires periodic improvements and implementations, in particular, the improvement of crisis response systems, the creation of separate units of enterprise control, the development of early warning systems and response to crisis management controlling in crisis management of the enterprise.<\/p>\n

Results<\/strong>. Controlling is aimed at functional support of crisis management. Controlling in the system of crisis management is a system of methods and tools to support management decision-making, planning and control over unstable conditions of activity of the enterprise in the course of performing the services of controlling its functions.<\/p>\n

Keywords<\/strong>: controlling; financial controlling; anti-crisis financial management; economic-mathematical modeling; anti-crisis program.<\/p>\n

References:<\/strong><\/p>\n

    \n
  1. Krystek, \u0423., Moldenhauer, \u0420. & Evertz, D. (2009). Controlling in aktuellen Krisenerscheinungen: L\u00f6sung oder Problem? Controlling & Management<\/em>, 3, 164-168 [in English].<\/li>\n
  2. Lindgren, C., Balico, T., Enoch, \u0421., Guide, \u0410.-\u041c., Quintyn, \u041c. & Teo, L. (2009). Financial Sector Crisis and Restructuring. Lessons from Asia. IMF Occasional Paper, 188. [in English].<\/li>\n
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    [\/vc_column_text][\/vc_column][\/vc_row][vc_row][vc_column][vc_column_text]Received:<\/strong> 23 March 2020<\/p>\n

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    Tkachenko, V. & Dziadyk, Kh. (2020). Financial cycle controling in the anti-crisis financial management system of the enterprise. Modern Economics<\/em>, 20(2020), 296-301. DOI: https:\/\/doi.org\/10.31521\/modecon.V20(2020)-46.<\/span><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

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    [vc_row][vc_column][vc_column_text] JEL Classification: G32, D21, D58, C19, C61 DOI: https:\/\/doi.org\/10.31521\/modecon.V20(2020)-46 [\/vc_column_text][vc_column_text] Tkachenko\u00a0Volodymyr, PhD (Economics), Associate Professor, Associate Professor of the Department of Enterprise Economics, University of the State Fiscal Service of Ukraine, Irpin, Ukraine ORCID ID: 0000-0003-4915-2518 e-mail: 30122013a@gmail.com Dziadyk\u00a0Khrystyna, applicant first higher education (bachelor) level, University of the State Fiscal Service of Ukraine, Irpin,
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