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 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.

scholarly journals CASH FLOW MANAGEMENT AT THE ENTERPRISE DURING COVID-19

2021 ◽  
Author(s):  
Victoria Voloshina-Sidey ◽  
Inna Rud ◽  
Olena Portnenko
Keyword(s):  
Cash Flow ◽  
Cash Flows ◽  
Demand For Money ◽  
Flow Management ◽  
Financial Decisions ◽  
Cash Flow Management ◽  
Individual Enterprise ◽  
Literary Sources ◽  
Accounting Control ◽  
Definition Of

The article examines the main theoretical aspects of efficiency and features of enterprise cash flow management. The economic essence of cash flows is disclosed. A comparison is made of the definition of "cash flows" from authors in various literary sources and several general definitions are formed. The essence of the concept of cash flows is determined and the necessity of developing an effective method of cash flow management in the conditions of crisis and instability of cash inflows due to the limitations of "lockdown" is proved. One of the problems facing enterprises in modern conditions is restoration and preservation of the dynamics of the operating room cycles, investment and financial activities, which is the guarantee of the necessary liquidity position of the enterprise and the realization of its demand for money. The solution to this problem is impossible without in-depth studies of the economic mechanisms that determine the cash flows of each individual enterprise. It is intended that the efficiency of managing penny streams is due to the synchronization of overhead and viplat, on the basis of continuous platform capabilities of the enterprise and rational financial resources, which are called. Thus, there is a general need to develop methods of accounting, control and analysis of cash flows, increasing the scientific justification for making financial decisions in conditions of instability and risk, developing a system analytical and model tools for managing funds. The need to organize accounting, control and economic analysis of cash flows at enterprises is due to Lighting the main functions of cash flow management, with the help of which the company realizes the main goal and objectives of the cash flow management system. The main tasks aimed at achieving the main goal of cash flow management of the enterprise are considered. Recommendations are given regarding the sources of funds for enterprises during a pandemic. The article focuses on one of the scenarios, that is, cash flow modeling that can help to assess affectively a business under Covid-19. The analysis of one of the scenarios in cash flow management during a pandemic was carried out and a conclusion was made about the usefulness of its use.

LATE AND NON-PAYMENTS ISSUES IN THE MALAYSIAN CONSTRUCTION INDUSTRY: PERSPECTIVE OF BUILDING MATERIAL SUPPLIERS

2020 ◽  
Vol 6 (1) ◽  
pp. 39
Author(s):  
Mohd Fisal Ishak ◽  
Kartina Alauddin ◽  
Mohd Shahrol Hafiz Ibrahim
Keyword(s):  
Construction Industry ◽  
Cash Flow ◽  
Financial Management ◽  
Building Material ◽  
Building Materials ◽  
Management Team ◽  
Flow Management ◽  
Cash Flow Management ◽  
Main Effect ◽  
Klang Valley

Payment in the Malaysian construction industry has generally been an issue of concern. Late and non-payment problem is endemic in construction and needs to be addressed. The aim of this study is to investigate the issues related to late and non-payment based on the building materials suppliers’ perspective. Questionnaires were distributed to suppliers of building materials in the Klang Valley. Findings from the study shows the main cause of late and non-payment is the paymaster’s poor financial management while the main effect of late and non-payment is problem with the cash flow.  The most recommended possible solution to cope with the issue is for the paymaster to conduct training on financial and cash flow management to the management team in the company.  

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.

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 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 WAYS TO OPTIMIZE THE CASH RESOURCES MANAGEMENT AT THE ENTERPRISE

THE BULLETIN ◽  
2021 ◽  
Vol 2 (390) ◽  
pp. 183-189
Author(s):  
A. Akhmetova ◽  
A. Aimagambetova ◽  
A. Oralbayeva ◽  
G. Bisembayeva
Keyword(s):  
Cash Flow ◽  
Financial Stability ◽  
Continuous Process ◽  
Cash Flows ◽  
Factors Affecting ◽  
Cash Flow Management ◽  
Flow Of Funds ◽  
High Level ◽  
Financial Balance ◽  
Mana Gement

To maintain the financial stability of the enterprise at a stable high level and increase it, it is necessary to increase the accumulation speed of its own sources. To do this, it is necessary to find reserves, as well as provide material working capital from own sources. In addition, it is necessary to find an optimal balance of financial resources, the free flow of funds of the enterprise can ensure a continuous process of production and sale of products through their effective use. In the conditions of financial stability of the enterprise, we would like to note that effective cash flow mana-gement is the most important developed system.The cash flow management system of an enterprise is a system of tasks and methods for the formation, use and distribution of funds, as well as the development and implementation of management decisions related to the implementation of the company's turnover.The main objectives of cash mana-gement are not only to increase cash flows, but also to ensure the financial balance and stability of the enterprise in the course of its operation. This is done by balancing the amount of received and spent money and by coordinating it. It provides the mechanisms and indicators of financial stability of the enterprise, as well as the factors affecting cash to ensure the financial sustainability of the enterprise, methods and mechanisms of management of cash flows in terms of financial stability. Also, the effectiveness of cash management plays an important role in assessing the company's financial stability indicators. In order to achieve financial stability of the company, the factors affecting cash were considered. Any organization should choose methods for increasing, balancing, and synchronizing cash flows appropriate to its condition. The analysis reveals shortcomings in the company's activities and measures aimed at improving the efficiency of its work.

scholarly journals Features of formation of payment calendar for enterprises

2021 ◽  
Vol 11/2 (-) ◽  
pp. 40-42
Author(s):  
Liubov HANAS ◽  
Sofiia PALCHYNSKA
Keyword(s):  
Cash Flow ◽  
Financial Stability ◽  
Positive Impact ◽  
Cash Flows ◽  
Information Support ◽  
Planning System ◽  
Economic Activities ◽  
Cash Flow Management ◽  
Step Model ◽  
Correct Application

Introduction. The development of a payment calendar for enterprises is relevant at the moment, because in the process of analysis detected that a lot of enterprises have financial gaps. If enterprises have an inefficient cash flow planning system, as evidenced by financial gaps in production and economic activities, then there will be neccessary to develop a sequence of cash flow planning, which is the payment calendar. Due to the payment calendar will be possible to identify the periods of their occurrence, to determine the factors that affect this process, which, accordingly, will allow more effective processes of controlling and regulating the movement of funds. The main purpose of the paper is to develop a model of forming a payment calendar. The theoretical and methodological basis of the paper is the study of the process of forming a payment calendar as a tool of financial planning and diagnostics. The following methods were used in writing the paper: logical generalization, dialectical analysis, grouping, etc. Results. The paper analyzes the issues of diagnosing cash flows, considers the essence of the concept of “payment calendar” as a tool for cash flow management. The need to diagnose cash flows in order to determine possible cash gaps is determined. For the correct application of the payment calendar, has been developed a step-by-step model of its formation, which contains the stages of formation and information support for the implementation of each of the stages. In explanations for the construction of the model contain recommendations for finding reserves as a result of identifying cash gaps and shortages of funds by reducing expenditures and increasing revenues from certain activities. The step-by-step model consists of six stages that contains determined of the period of formation of the payment calendar, planned revenues, other revenues and expenditures, balance and possible surpluses and deficits of cash flows. Conclusions. The introduction of a payment calendar will have a positive impact on the functioning of the enterprise, will keep funds under constant control, which will increase financial productivity. The payment calendar allows you to save time to identify the shortcomings of the diagnosis, reduce the cost of human resources to draw conclusions about the effectiveness of the system of diagnosing cash flows, respectively, the company is able to increase its financial stability.

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