FINANCIAL CONTROL AS COMPOSING THE FINANCIAL STABILITY OF THE ENTERPRISE
Journal: International scientific journal "Internauka." Series: "Economic Sciences" (Vol.1, No. 60)Publication Date: 2022-04-30
Authors : Vinnytska Oksana;
Page : 24-29
Keywords : controlling; enterprise; management; financial stability of the enterprise;
Abstract
The article examines the role of financial controlling as a component of the financial stability of an enterprise. It is determined that it is controlling that allows you to establish control over the achievement of both strategic and tactical goals of the organization. This is due to the fact that in modern business practice, controlling acts as an effective tool that provides real chances to survive in the competition, so the financial control system is largely the key to the successful functioning and development of an enterprise in the long term. It is argued that the use of the potential of controlling helps the company to respond in a timely manner to market changes, act on it, constantly focusing on the future, determine the future through effective planning with direct and feedback, following high financial results. It is substantiated that the leading goal of financial controlling is the orientation of the management process towards maximizing the profit and cost of the owners' capital while minimizing risk, while maintaining the liquidity, solvency and financial stability of the enterprise. The main role in the system of ensuring the company's monetary stability should be assigned to internal mechanisms of monetary stabilization.
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