The essence and characteristics of financial status management of the company

Abstract

Introduction.Qualitative financial status of the company shows the results of management. Each entity should have a clear plan for effective management of financial condition. The most important thing is to understand the entrepreneur and to determine the basic analysis methods, models and stages of management solutions that can help create the most effective plan for managing the organization. The understanding of the models, methods and stages of formation of administrative decision will not allow the manager of the company to make errors in the financial position. It can provide the effective development of the enterprise.

Purpose. The aim of the article is to investigate and offer the best and the most efficient models, methods of analysis and stages of the administrative decision that could help identify and defuse problems in financial state of the enterprise.

The method (methodology).In the course of the study we have presented the examples of indicators that help in analyzing the financial condition of the company for its further management; stages of the administrative decision; three main types of models that are used very often in the analysis of the financial condition of the company.

Results.The basic models, stages of analysis and principles of effective management of the financial condition of the company are considered. They can help carry the analysis, manage the financial condition of the company and ensure the continuous, qualitative work of the entity. We have studied financial ratio and provided the interpretation of the concept of the financial condition of the company. The basic stages of management decisions on the financial condition of the company are determined. The conclusions on the types of models to be used in the monitoring and management of financial condition are made.