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.

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 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 МЕХАНІЗМИ БЮДЖЕТУВАННЯ ДІЯЛЬНОСТІ ПІДПРИЄМСТВА : МОЖЛИВОСТІ УПРАВЛІННЯ ФІНАНСОВОЮ БЕЗПЕКОЮ

2019 ◽  
pp. 24-30
Author(s):  
Г. С. Ліхоносова ◽  
О. І. Нецвітаєва
Keyword(s):  
Financial Stability ◽  
Positive Impact ◽  
Security Management ◽  
Information Support ◽  
Planning System ◽  
Practical Significance ◽  
Financial Security ◽  
Main Hypothesis ◽  
Holistic View ◽  
Financial Flows

Formulation of the problem. The article presents the author's opinion on the possibilities of using the mechanisms of budgeting the activity of the enterprise as tools of financial security management. The liberalization of financial relations and the free cross-border movement of capital led to the intensification of internal and external shocks on the development of economic entities. The purpose of the article is to study the theoretical aspects of the budgeting system as a tool for managing the financial security of an enterprise, in order to form a holistic view of budgeting as an economic category. The object of the study is the process of budgeting the activity of the enterprise, its organizational and economic capabilities and tools for managing the financial security of the enterprise. Methods used of the research: systematic approach, method of generalization, comparison, logical-meaningful method, monographic method, methods of induction and deduction, etc. The main hypothesis is that the financial stability of a functioning enterprise depends on the economic policy option, which is formed by the structure of the budgeting instruments of the enterprise. Presenting main material. The reasons for using this tool at the enterprise are revealed. The efficiency of the use of budgeting in the management of financial security of the enterprise is shown. Budgeting makes it possible to increase the financial soundness of management decisions and the effectiveness of information support of enterprise management; to differentiate between the leaders of different levels of the organizational hierarchy for results and to make a positive impact on their motivation; to agree on the different lines of activity of the units and the work of the enterprise as a whole on the basis of a single coordinated budget; improve current budgets by matching planned and actual indicators with results; to predict volumes of material and financial flows, cost structure. The originality and practical significance of the research. The basis of the mechanism of ensuring the financial security of the enterprise is a systematic combination of certain tools, methods, levers and information and analytical support, created on the basis of the principles of financial security, which objectively exist as economic laws, as well as produced by entities of financial security management of the enterprise to achieve and protecting the latter's financial interests. Conclusions of the research. The introduction of the entity's budgeting system enables the planning of financial and economic activities with the expectation of achieving a specific financial result and financial targets. Thus, budgeting is an effective tool for managing the financial security of an enterprise and acts as one of the main processes in the financial planning system.

INFORMATION SUPPORT DEVELOPMENT FOR CASH FLOW MANAGEMENT IN TERMS OF ACCOUNTING AND ANALYTICS

2017 ◽  
Author(s):  
Serhii Didur ◽  
◽  
Raisa Tsyhan ◽  
Irina Bondarenko ◽  
◽  
...  
Keyword(s):  
Cash Flow ◽  
Methodological Approach ◽  
Relevant Information ◽  
Cash Flows ◽  
Information Support ◽  
Agency Conflicts ◽  
Flow Management ◽  
Accounting Data ◽  
Cash Flow Management ◽  
Modern Business

The article is devoted to the study of the essence of cash flows and their accounting and analytical support. The urgency of solving issues of information support for cash flow management is substantiated, taking into account the current conditions of economic development and factors influencing the movement of cash resources. Using previous work, the authors of the article proposed their vision for the definition of «cash flows» as a set of all types of cash assets that serve the enterprise, are transformed and ensure its continuous operation. Classification is improved taking into account modern business conditions on the basis of non-cash. Accounting and analytical support for the formation of information in the cash flow management system is developed, which has a separate accounting and analytical component. The necessity of carrying out the administrative analysis of cash flows of the enterprise on the basis of a technique based on implementation of analytical procedures of the relevant information and acceptance of the corresponding administrative decisions is proved. According to the authors, accounting and analytical support of cash flows is a system that is based on financial and management accounting data as an informative basis for their analysis, is part of the overall process of managing the activities of the enterprise. The proposed system of accountingиand analytical support is focused on solving problems of cash flow management and control, which are the subject of interest of opportunistic managers. When developing forms of management reporting and methods of analysis, the tasks to be solved should take into account the interests of the owners. Further research is proposed to develop a methodological approach to management analysis of cash flows and search for key indicators to assess the level of efficiency of generating cash resources of the enterprise to avoid agency conflicts.

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.

Increasing the Efficiency of Industrial Enterprise Investment Projects through Cash Flow Management

2017 ◽  
Vol 2017 (2) ◽  
pp. 90-106
Author(s):  
Denis Shageev
Keyword(s):  
Cash Flow ◽  
Discount Rate ◽  
Cash Flows ◽  
Negative Influence ◽  
Positive Influence ◽  
Effective Management ◽  
Method Of Calculation ◽  
Investment Projects ◽  
Cash Flow Management ◽  
Actual Size

Objective and subjective factors of influence on the nominal and actual size of a cash flow of the project in the form of the scheme are opened. The analysis of method of calculation of a discount rate and award for risk is made. On analysis results, in article it was offered to exclude an indicator of an award for risk from a formula of calculation of a discount rate and to research it separately as the certain managed size influencing the nominal, but not actual size of cash flows of the project. It gave the chance to technically reduce value of a discount rate and by that to increase the NPV real value of the project. Designations of negative and positive factors project risks are entered. Availability and an opportunity positive influence of factors risks on the project is proved. The formulas of calculation of the modified cash flow, effect and effective management of cash flows of the project differing on structure, content and entering of the additional positive amendment on risk are offered. It will give the chance to reduce or eliminate negative influence of objective and subjective factors risks, and in certain cases and in addition to raise project NPV. For assessment of levels of effective management of cash flows the verbal scale is offered.

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.

scholarly journals Cash flow planning at the enterprise

2021 ◽  
Vol 2021 (2) ◽  
pp. 21-28
Author(s):  
Oleh Dorosh ◽  
◽  
Iryna Plish ◽  
Keyword(s):  
Cash Flow ◽  
Cash Flows ◽  
Production Costs ◽  
Economic Activities ◽  
Internal Factors ◽  
Financial Investment ◽  
Financial Condition ◽  
Business Entities ◽  
Operational Activities ◽  
Definition Of

Ensuring the efficiency of production and economic activities of the enterprise requires a constant turnover of funds and effective cash flow planning. The most important component that ensures the continuous operation of the company is cash receipts and expenditures, which show the current financial condition of enterprise, are used to cover production costs, as well as ensure the solvency of the enterprise and the ability to avoid financial debts to banks, government and other business entities. Cash flow planning for domestic enterprises is particularly acute. This manifested itself in the crisis created by the Kovid-19 pandemic. The presence of a financial cushion saved a number of companies from bankruptcy, however, the consequences of an unfinished pandemic are ahead. Therefore, given the above, the relevance of cash flow planning and the formation of basic concepts on this topic is undeniable. The task of the article is to identify the features of cash flow planning of the enterprise and build a clear sequence of this process. The article analyzes the definition of "cash flow", "cash flow planning" and provides a generalized definition of these concepts. The key types of cash flows that are present in the enterprise are given. The main external and internal factors that affect the cash flow of the enterprise are presented. The process of cash flow planning is carefully researched and the sequence of cash flow planning by types of production and economic activity is developed with clear detailing of each stage, where sources of income for enterprises from financial, investment and operational activities, expenses for the same activities and opportunities for optimization are sought. increase revenue and minimize costs. The article proposes the use of such cash flow planning tools as payment calendar, schedule, planned cash flow budget. So, the formation and planning of cash flows in enterprises in today's conditions is a necessary and important process. The success of the company's operation in domestic and foreign markets depends on the rationality of planning and use of funds in enterprises.

Sign in / Sign up

Export Citation Format

Share Document