Improving the Management of Borrowed Capital of Enterprises in Modern Conditions

The paper is devoted to the development of approaches to improving the management of borrowed capital of enterprises in modern conditions. It is established that the scope of the proposed approaches is quite broad, since they can be useful for coowners and shareholders of the enterprise as a reference point for making managerial decisions to improve the personnel management in connection with enterprise finances, serve as benchmarks for the formation of prices for credit resources, characterize the results of management activities to raise and use borrowed capital. It is proved that the planning of the volume of mobilization of borrowed capital can be considered as a component of the development of the company's production and financial plan, which determines its main characteristics in the prospective period, the structure and volume of production, price policy, revenues, expenditures and financial result. It is established that properly organized financial planning becomes the key to improving the efficiency of the formation of borrowed capital.