Formation of the Effective Financial Management System: Theoretical and Practical Aspect

Abstract

The article investigates the tools and methods of forming an effective financial management system. It is stated that one of the forms of strategic development of the enterprise is the effective management of its financial component. It is specified that the construction of an effective financial management system provides the company with the opportunity to maintain a competitive position in the market and further economic development. It has been found that to build an effective financial management system essential point is the use of equity management tools. It is determined that one of the tools for building an effective system of financial management is factor analysis, which allows to assess the compliance of the processes of raising and using equity of the enterprise to the strategic goals of the enterprise. It has been pointed out that in the process of factor analysis the technique of multidimensionality of indicators of the studied object is used. The article investigates the tools and methods of forming an effective financial management system. It is stated that one of the forms of strategic development of the enterprise is the effective management of its financial component. It is specified that the construction of an effective financial management system provides the company with the opportunity to maintain a competitive position in the market and further economic development. It has been found that to build an effective financial management system essential point is the use of equity management tools. It is determined that one of the tools for building an effective system of financial management is factor analysis, which allows to assess the compliance of the processes of raising and using equity of the enterprise to the strategic goals of the enterprise. It has been pointed out that in the process of factor analysis the technique of multidimensionality of indicators of the studied object is used.