THEORETICAL AND METHODOLOGICAL PRINCIPLES OF CASH FLOWS OF ENTERPRISES

2017 ◽  
Author(s):  
Roman Greshko ◽  
◽  
Violetta Kharabara ◽  
Olena Tretyakova ◽  
◽  
...  
Keyword(s):  
Cash Flow ◽  
Cash Flows ◽  
Management Policy ◽  
Flow Management ◽  
Financial Investment ◽  
Cash Flow Management ◽  
Goods And Services ◽  
Methodological Approaches ◽  
Conducting Research ◽  
Methodological Principles

Efficient management of cash flows of the enterprise provides predict activities in a modern organization. The issue of ensuring balancing and synchronization of outflow and inflow of cash and their equivalents is important for any enterprise. The urgency of the study greatly increases in conditions of complex economic processes that create significant risks and difficulties in conducting a balanced cash flow management policy. The purpose of this study is to substantiate the theoretical and methodological principles of management of cash flows of the enterprise, which provides for the determination of the content of the concept of cash flows, their types and classification, as well as the formulation of methodological approaches to the management of cash flows of the enterprise. The theoretical basis for conducting research is the work of domestic and foreign scientists who studied the issue of managing the cash flows of the enterprise. In the course of the study of theoretical and methodological bases of management of cash flows of the enterprise, economic content and value of cash flows of the enterprise are determined. In the course of studying the approaches of various scholars, the proper definition of cash flows, which characterizes them as the receipt and payment of highly liquid assets of the enterprise within the framework of financial, investment and current activities of the enterprise, is formulated in order to ensure uninterrupted production, sales and other work, which leads to a change in the amount on the current account in the bank and the balance in the box office. Also in the article, methodological approaches to managing cash flows of enterprises that provide for quality accounting and collection of information on funds, analysis of preliminary management experience, substantiation of optimization measures, drawing up a payment calendar for the next year, control over the implementation of a substantiated cash flow management policy. Measures are determined to balance cash flow due to leasing, use of leasing, buying, emission or sale of corporate bonds or other securities, changing the policy of selling goods and services.

scholarly journals Modeling and Management of Power Supply Enterprises’ Cash Flows

Energies ◽  
2021 ◽  
Vol 14 (4) ◽  
pp. 1181
Author(s):  
Darya Pyatkina ◽  
Tamara Shcherbina ◽  
Vadim Samusenkov ◽  
Irina Razinkina ◽  
Mariusz Sroka
Keyword(s):  
Multiple Regression ◽  
Cash Flow ◽  
Power Supply ◽  
Financial Stability ◽  
Methodological Approach ◽  
Cash Flows ◽  
Management Policy ◽  
Flow Management ◽  
Cash Flow Management ◽  
Cash Inflow

The purpose of the study is to assess the efficiency of cash flow management at power supply companies of the CIS (Commonwealth of Independent States) countries. A methodological approach to cash flow forecasting with the use of linear and polynomial regression has been developed. The study is based on the data provided by 12 power supply companies operating in CIS member countries. Forecasting based on the generated polynomial models of multiple regression of cash flow for the power supply companies under study confirms the strong possibility of extrapolating the studied trends to future periods. Compared to the linear model, the polynomial one confirms higher values of the determination coefficients for the majority of power supply companies. The projected volumes of cash inflow, cash outflow, and net cash flows of power supply companies with the application of the described polynomial multiple regression models have a fairly high degree of approximation. The correlations between operating cash flows and outflows, between total cash inflow and outflow of the majority of power supply companies are high. The low level of synchronization between cash inflows and outflows of the companies under study is associated with the specifics of their financial and investment activities and the cash flow management policy. It has been proven that energy enterprises’ financial stability significantly depends on the synchronization and uniformity of cash flows. The proposed methodological approach allows identifying enterprises by the criterion of riskiness from the standpoint of the synchronization and homogeneity of their cash flows.

Managing cash flow. Practicum

2019 ◽  
Author(s):  
Павел Жуков ◽  
Pavel Zhukov
Keyword(s):  
Corporate Finance ◽  
Cash Flow ◽  
Financial Management ◽  
Cash Flows ◽  
Educational Programme ◽  
Flow Management ◽  
General Manager ◽  
Cash Flow Management ◽  
Financial Profile

Textbook "managing cash flow" is based on a similar discipline which is part of the educational programme of the Financial University for training Bachelors to direction of preparation 38.03.02 "management", financial profile. Discipline treats all topics of general courses in financial management and corporate finance. Difference of discipline is that it focuses on cash flow management (rather than capital, profitability, etc.) and consequently, the discipline examines corporate finance and financial management in terms of cash flow management. Cash flow management is usually the essence of the work of a Finance Manager, and it treats activities of an Organization in terms of cash flows. That is usually a feature of outlook of financial manager and distinguishes it from other managers. Due to the nature of their work, financial managers must also bear in mind the issues of competitiveness, efficiency, profitability and sustainability of the company, which commonly are the focus of the General Manager. The workshop aims to develop the skills necessary for this activity.

scholarly journals INSTRUMENTS FOR CASH FLOW MANAGEMENT OF CONSTRUCTION ENTERPRISES

2020 ◽  
pp. 223-229
Author(s):  
Mariya Nashkerska ◽  
Nataliia Patriki
Keyword(s):  
Construction Industry ◽  
Cash Flow ◽  
Financial Stability ◽  
Cash Flows ◽  
Flow Management ◽  
Construction Enterprise ◽  
Cash Flow Management ◽  
Construction Enterprises ◽  
Payment Schedule ◽  
Definition Of

Introduction. Financial state of the construction enterprise, level of its financial stability, creditworthiness and liquidity depend on the availability of current assets, net cash flow (positive or negative), which is formed in the course of conducting payment transactions. The subject of the research is the flow of money of the construction enterprise. The research objectives: identifying the causes of current assets constraints at the construction industry enterprises; using projected cash flow budget and payment schedule as instruments of managing the enterprise cash flow. The purpose of the article is to determine the instruments for cash flow management of construction enterprises, taking into account the peculiarities of their activities. Method (methodology). The article suggests developing projected cash flow budgets and payment schedule to manage cash flows more efficiently (prevent negative net cash flow) based on estimates made by construction enterprises to determine the construction cost. The purpose of the payment schedule is to determine the flow of funds for the next day and the current week as a supplement and detailing of the projected cash flow budget. Research results. The use of the projected cash flow budget and payment schedule at the construction industry enterprises will help the management team to control the incoming and outgoing cash flows, form the data base for making decisions on the efficient use of funds. It will also promote the search for additional funding sources of the enterprise activity in the period of budget deficit as well as pre-justified investment of capital in the period of budgetary surplus Thus, the formation of projected cash flow budgets and payment schedule can be an important instrument for efficient cash flow management of construction enterprises. The method of formation of mutually agreed forecast budget of cash flow and payment calendar with definition of indicators of their efficiency in management of cash flows and a financial condition of the enterprise as a whole needs further improvement. The technique of forming mutually agreed projected cash flow budget and payment schedule along with the definition of their efficiency indicators in managing cash flows and the overall enterprise financial state requires further improvement.

scholarly journals RESEARCH APPROACHES TO MONETARY FLOW OPTIMIZATION SUBJECT TO SELECTED FACTORS AND CONTROL MEASURES REDUCING THE RISK OF BANKRUPTCY OF THE ORGANIZATION

2017 ◽  
pp. 109-119
Author(s):  
Lyudmila Ivanovna Fedorova ◽  
Svetlana Vyacheslavovna Dzhezheliy
Keyword(s):  
Cash Flow ◽  
Cash Flows ◽  
Control Measures ◽  
Managerial Decision ◽  
Flow Management ◽  
Managerial Decision Making ◽  
Cash Flow Management ◽  
Rational Management ◽  
And Control

In modern conditions the competitiveness of organizations is provided by rational management decisions, which are taken depending on various factors and their impact on the cash flows of the organization. The theme of the study of factors and control measures influencing cash flow management for reducing the risk of bankruptcy is in all respects one of the most controversial and much cited. In the course of study the authors have summarized the approaches of Russian and foreign authors towards the concept "cash flow", revealed certain problems in the quality of decisions, arranged the factors increasing the degree of their effectiveness and directly affecting the financial performance of the organization. Application in the work of the organization of individual elements ("morale") of the group of environmental factors and standards of internal reporting will improve the efficiency of managerial decision-making in part of cash flows from different activities.

MANAGEMENT OF CASH FLOWS OF THE ORGANIZATION ON THE EXAMPLE OF LLC «BUREZHILPROMSTROY»

2021 ◽  
Author(s):  
O.A. Litinskaya ◽  
◽  
E.A. Samoilova ◽  
Keyword(s):  
Cash Flow ◽  
Cash Flows ◽  
Economic Conditions ◽  
Flow Management ◽  
Cash Flow Management ◽  
Modern Economic ◽  
The Given

The article deals with the essence of cash flows in modern economic conditions. The method of their analysis is given, as well as the analysis of cash flows according to the given method on the materials of the operating enterprise LLC «Bureyazhilpromstroy». As a result of the analysis, weaknesses in cash flow management were identified and recommendations for their elimination were proposed.

scholarly journals Application of Digital Technologies in Cash Flow Management at a Commercial Enterprise

2021 ◽  
pp. 062-070
Author(s):  
O. V. Korobova ◽  
M. A. Blum
Keyword(s):  
Cash Flow ◽  
Digital Technologies ◽  
Cash Flows ◽  
Flow Management ◽  
Analysis And Evaluation ◽  
Cash Flow Management ◽  
Commercial Enterprise

The problems associated with the formation and distribution of funds in a commercial enterprise are considered, the need for cash flow management is determined. Using the example of the largest enterprise in the Tambov region, such important elements of cash flow management as analysis and evaluation have been investigated. It is suggested to use digital technologies in managing cash flows in commercial enterprises as tools for increasing efficiency.

scholarly journals Features of internal audit of cash flow efficiency at enterprises, institutions, organizations of Ukraine

2020 ◽  
pp. 6-10
Author(s):  
Hanna BULKOT ◽  
Sofiia KOVALENKO
Keyword(s):  
Cash Flow ◽  
Internal Audit ◽  
Cash Flows ◽  
Multinational Company ◽  
Flow Management ◽  
Cash Flow Management ◽  
Local Company ◽  
Further Development ◽  
High Possibility

Introduction. Cash has great importance in the organization and operation of any entity. However, as the practice of tax audits shows, a large number of abuses and violations occurs quite often. The main reason for that is an ineffective conduction of internal audit and ineffective implementation of controls in cash flow accounting. Cash flows are more or less free to circulate, so there is a high possibility of funds misuse by management. Therefore, performing an internal audit of cash flow efficiency is the opportunity to increase the efficiency of accounting and cash flow management in enterprises, institutions, organizations, and necessary and extremely relevant. The purpose of the paper is to find ways to improve the audit of cash flows, generalize the theoretical and practical aspects of the internal audit of cash flow efficiency in local enterprises. Results. This article addresses issues related to conducting an internal audit of cash flow efficiency. Aspects of the application of audit procedures in gathering audit evidence in the process of cash flow audit are considered. The methodology and technology of conducting an internal audit of cash flows are studied, as well as the functions of the internal audit service are considered. The main stages of the internal audit of the cash flow efficiency are highlighted. The technology of conducting an audit of cash transactions is reviewed, as well as a new system of internal performance audits at enterprises, institutions, and organizations is offered. Conclusion. We see that internal audit is a very important part of business life. It doesn't matter if the company is a large multinational company with many thousands of currency units in operations every day, or if it is a local company that barely makes ends meet, in any case, checking the effectiveness of cash flows is an integral part of company`s life. An internal audit of cash flow efficiency fights against misappropriation of funds, incompetent employees who use assets unwisely, corruption, etc. So, summarizing all the above, we can conclude that a well-organized system of internal audit of cash flow efficiency provides the company, institution, organization with investment attractiveness among shareholders, competitiveness in the market. Also, this service stimulates the further development of the enterprise and maximizes the wealth of both shareholders and ordinary employees, by increasing the market value of invested capital and increasing the quality of work.

scholarly journals CREATIVE INTELLIGENCE IN THE MANAGEMENT SYSTEM OF CASH FLOWS OF THE ENTERPRISE

2019 ◽  
pp. 25-32
Author(s):  
O. Mykytiuk ◽  
T. Onysenko
Keyword(s):  
Cash Flow ◽  
Financial Management ◽  
Management System ◽  
Creative Thinking ◽  
Cash Flows ◽  
Critical Question ◽  
Flow Management ◽  
Cash Flow Management ◽  
Managerial Decisions ◽  
Standard Management

The article deals with the basic concepts of cash flow management taking into account the active use of the concept of creative thinking, based on which the main requirements for the process of cash flow management of the enterprise were formulated under the given conditions. To meet these requirements, all business flows (monetary, informational, material, etc.) must be synchronized. The method of synchronization and system-wide optimization is the latest concept of making managerial decisions in the field of finance. Also, the comparison of monetary flow definitions with Ukrainian and foreign authors has been made. which gave rise to the reflection of the author's definition of the category. Also important is the element of the combination of the latest concept of creative thinking in the financial management segment of the enterprise. In the article the etymology of the concept of money flow is considered and the brief meaning of the concept of creative thinking is given. The system of classification according to the objectives of cash flow management is created in article. We also analyzed the new types of cash flows which are formed in modern economic condition. The main conditions for the use of creative thinking in solving the tasks are reviewed. The necessary elements of creative thinking are determined. The main elements and methods of the creative thinking concept for effective cash flow management are named. In the article the proposed approach to developing an enterprise cash flow management system under risk and uncertainty was presented in the form of a sequence of corresponding steps, and also visualized in the form of a scheme. The critical question of activating the creative thinking of managers in a modern, rapidly changing environment, where standard management methods do not operate and do not have a powerful influence on enterprise activity, are also considered.

scholarly journals ACTUAL ISSUES OF CASH FLOW MANAGEMENT IN ENTERPRISES IN RUSSIA

2019 ◽  
Vol 8 (6) ◽  
Author(s):  
Alla I. Podgornaya ◽  
Konstantin V. Romanov
Keyword(s):  
Cash Flow ◽  
Theoretical Basis ◽  
Cash Flows ◽  
Financial Instruments ◽  
Financial Strategy ◽  
Internal Factors ◽  
Flow Management ◽  
Cash Flow Management ◽  
Modern Economy ◽  
Low Efficiency

In the modern economy, the problem of cash shortages in an enterprise is one of the key problems. Absence of cash shortages contributes to the smooth operation of enterprises and implementation of all types of activities by them. The main reason for the occurrence of a cash shortage, as a rule, is the low efficiency of managing and attracting cash flows, as well as the limitedness of methods, technologies and financial instruments for solving this task. Since methods and financial instruments are based on a theoretical basis, as well as on practical examples, their application and development are especially in demand. Therefore, the issue of cash flow management at Russian enterprises is relevant today.The paper explores current scientific discussions regarding the management of cash flows at an enterprise in Russia. The “cash flow” concept is clarified; the problems of cash flow management are investigated. The main issues faced by modern Russian enterprises in the process of cash flow management are identified. The author's scheme of cash flow management is proposed taking into account external and internal factors and the financial strategy of an enterprise. The purpose of the study is to identify the main issues of cash flow management in Russia

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