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{"id":9850,"date":"2018-09-19T16:40:21","date_gmt":"2018-09-19T13:40:21","guid":{"rendered":"https:\/\/modecon.mnau.edu.ua\/?p=9850"},"modified":"2018-09-20T14:41:55","modified_gmt":"2018-09-20T11:41:55","slug":"cash-flows-essence-classification-and-optimization","status":"publish","type":"post","link":"https:\/\/modecon.mnau.edu.ua\/en\/cash-flows-essence-classification-and-optimization\/","title":{"rendered":"Kolisnyk O., Zamohylna A., \u0421ash flows: essence, classification and optimization in the management process"},"content":{"rendered":"

[vc_row][vc_column width=”1\/2″][vc_column_text]JEL Classification:\u00a0<\/strong>M 40.<\/strong>[\/vc_column_text][\/vc_column][vc_column width=”1\/2″][vc_column_text]<\/p>\n

DOI<\/strong>: https:\/\/doi.org\/10.31521\/modecon.V10(2018)-10<\/a><\/p>\n

[\/vc_column_text][\/vc_column][\/vc_row][vc_row][vc_column][vc_column_text]<\/p>\n

Kolisnyk O.,\u00a0<\/strong>Candidate of Economic Sciences, Associate Professor of the Department of Accounting, National University of the State Fiscal Service of Ukraine, Irpin, Ukraine<\/p>\n

e-mail:<\/strong> kolesnik_l09@ukr.net<\/a><\/p>\n

Zamohylna A.,\u00a0<\/strong>Master of Accountancy (MAcc), National University of the State Fiscal Service of Ukraine, Irpin, Ukraine<\/p>\n

\u0421ash flows: essence, classification and optimization in the management process<\/strong><\/h2>\n

Abstract. Introduction<\/strong>. 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.<\/p>\n

Purpose<\/strong>.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.<\/p>\n

Results<\/strong>.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.<\/p>\n

Conclusions<\/strong>.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.<\/p>\n

Keywords<\/strong>: cash; cash flows; optimization; classification; payment calendar; cash management.<\/p>\n

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

    \n
  1. Demkivsky, A. V. (2007), Hroshi ta kredyt<\/em> [Money and Credit], DAKOR, Kiyv, Ukraine.<\/li>\n
  2. International Accounting Standard 7 (IAS 7) “Statement of Cash Flows” [Online], available at: http:\/\/zakon2.rada.gov.ua (Accessed 01 August 2018).<\/li>\n
  3. Ministry of Finance of Ukraine (2013), National Accounting Standard (Standard) 1 \u201cGeneral Requirements for Financial Statements\u201d [Online], available at: http:\/\/rada.gov.ua\/ (Accessed 01 August 2018).<\/li>\n
  4. \u201cCash Flow: Analysis, Monitoring and Control\u201d [Online], available at: https:\/\/cash-flow.com.ua (Accessed 01 August 2018).<\/li>\n
  5. Mariakova O. (2007), \u201cCash flows in the system of management of financial and economic activity of the enterprise\u201d, Scientific wor<\/em>ks, iss. 32 (126), Series: Economic, pp.158-162.<\/li>\n
  6. Yepifanova, I. Yu. (2013), \u201cIncoming and outgoing cash flows of the enterprise as an economic category\u201d, Modern Trends in the Development of Financial and Innovation-Investment Processes in Ukraine : materials of the II International Scientific and Practical Conference, Vinnytsya, Ukraine pp. 247-249.<\/li>\n
  7. Tereschenko, O. O. (2013), Finansova diialnist subiektiv hospodariuvannia<\/em> [Financial Activities of Business Entities], KNEU, Kiyv, Ukraine.<\/li>\n
  8. Blank, I. A. (2009), Upravlinnia hroshovymy potokamy [Cash Flow Management], Nika-Center, Elga, Kiyv, Ukraine.<\/li>\n
  9. Ereshko, Yu. O. (2011), \u201cEssence of cash flows of the enterprise as an economic category\u201d, Formation of market relations in Ukraine<\/em>, no. 4 (119), pp. 39-43.<\/li>\n
  10. Klymenko, O. V. (2013), \u201cTheoretical definition and classification of cash flows of the enterprise\u201d, Effective economy, no. 9.<\/li>\n
  11. Internet Business Club “My Business” [Online], available at: https:\/\/msb.aval.ua (Accessed 01 August 2018).<\/li>\n
  12. Blank, I. A. (2003), Upravlenye fynansovoi stabylyzatsyei predpryiatyia<\/em> [Management of financial stabilization of the enterprise], NikaTsentr, Elga, Kiyv, Ukraine.<\/li>\n
  13. Podderyogin, A. M. Belyk, M. D. and Buryak, L. D. (2006), Finansy pidpryiemstv<\/em> [Finances of Enterprises], KNEU, Kiyv, Ukraine.<\/li>\n
  14. Shkolnik, I. O., Kremen, V. M. and Kozmenko, S. M. (2014), Finansovyi menedzhment<\/em> [Financial management], Sumy, Ukraine.<\/li>\n
  15. Gigan, R. M. (2010), \u201cImproving the classification of cash flows in the light of modern economic conditions\u201d, Current problems of the economy<\/em>, no. 4 (106), pp. 150-155.<\/li>\n
  16. Pinchuk, S. S. and Vrady, O. M. (2012), \u201cManagement and Optimization of Cash Flows at an Enterprise as a Precondition for Its Effective Activities\u201d, Proc. sciences Works of the State Economic-Technological University of Transport. Sir: Economics and Management, no. 21-22 (2), pp. 185-189.<\/li>\n<\/ol>\n
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    [\/vc_column_text][\/vc_column][\/vc_row]<\/p>\n<\/section>","protected":false},"excerpt":{"rendered":"

    [vc_row][vc_column width=”1\/2″][vc_column_text]JEL Classification:\u00a0M 40.[\/vc_column_text][\/vc_column][vc_column width=”1\/2″][vc_column_text] DOI: https:\/\/doi.org\/10.31521\/modecon.V10(2018)-10 [\/vc_column_text][\/vc_column][\/vc_row][vc_row][vc_column][vc_column_text] Kolisnyk O.,\u00a0Candidate 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.,\u00a0Master of Accountancy (MAcc), National University of the State Fiscal Service of Ukraine, Irpin, Ukraine \u0421ash flows: essence, classification and optimization
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