Issue №: 6 (46)
The magazine deals with the problems of the agricultural sector of the economy in the context of integration and processes of globalization. Attention is paid to the issues of development of digital economy, rural territories, technologies of enterprise management and organization of accounting, problems of legal support of economic processes, market tendencies of development of various branches of economy. Particular attention is paid to green tourism as a promising segment of the national economy.
ENTERPRISE FINANCIAL FIRMNESS MANAGEMENT: CONTENT, STAGES, AND DIRECTIONS
SOBCHYSHYN Vitaliy – Candidate of Economic Sciences, Associate Professor of Finance and
Credit Department, Poltava State Agrarian Academy (36003, 1/3 Skovorody str., e-mail:
sobchyshyn@ukr.net).
DROBOTYA Yana – Candidate of Economic Sciences, Associate Professor, Associate Professor
of Finance and Credit Department, Poltava State Agrarian Academy (36003, 1/3 Skovorody str., e-mail:
yana.drobotya@gmail.com).
The own viewpoint of the essential characteristics of financial firmness management process as a
process of making strategic and operational managerial decisions as to developing and implementing the
system of principles and methods of forming such a state of financial resources, which would enable
enterprise to achieve profitability, solvency, creditworthiness, and financial equilibrium was formulated.
The stages of enterprise financial firmness management process were worked out in details; these stages
enable to ensure its necessary level, and, in particular, they include: defining aims, subjects and objects
of management; revealing the elements of the object of management; determining the methods of influence
on the factors of management; developing the strategy of ensuring enterprise financial firmness; strategy
implementation, and monitoring. The mechanism of enterprise financial firmness management was
disclosed together with detailing strategic, tactical targets and instruments of implementation and
elements of achieving these goals.
It was substantiated that enterprise financial firmness management has to be conducted according
to the directions which include its complex analysis: general evaluation, calculation of absolute and
relative indices, determining profitability break-even point and reserve of financial firmness. As the graph
of loss free operation activity of enterprise reflects only monetary value of profitability break-even point
the conclusion was made that decisions as to enterprise profit management have to be made concerning
separate kinds of goods.
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kapitalu v intehrovanomu zviti [Multifunctional model of financial capital description in integrated report].
Finansovo-kredytna diialnist: problemy teorii ta praktyky – Financial and credit activity: problems of
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2. Tomchuk, O.F. (2015). Otsinka finansovoi stiikosti – vazhlyva kharakterystyka finansovoho
stanu pidpryiemstva [Assessment of financial stability is an important characteristic of financial state of
enterprise]. Ekonomichni nauky. Seriia Oblik i finansy – Economic Sciences. Series Accounting and
finance, 12 (45). (Vols. 2), 240-249 [in Ukrainian].
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usloviyah ekonomicheskogo krizisa [Management of financial and economic stability of the enterprise in
the conditions of economic crisis]. Vologdinskie chteniya – Vologda readings, 74, 86-89 [in Russian].
6. Hapak, N.M. & Kapshtan, S.A. (2014). Osoblyvosti vyznachennia finansovoi stiikosti
pidpryiemstva [Features of determining the financial stability of the enterprise]. Naukovyi visnyk
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«Menedzhment XXI stolittia: hlobalizatsiini vyklyky» – The Third International Scientific and Practical
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About journal
051 Economics
071 Accounting and taxation
072 Finance, banking and insurance
073 Management
075 Marketing
076 Business, trade and exchange activities
241 Hotel, restaurant and catering
281 Public administration
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