RUS
| UKR
||
DonNTU >
Master's
portal
Nadezhda
Dragun
Faculty: economy
Speciality: Enterprise
economy
Scientific adviser: Irina Bondareva
About
author
Working
capital management on innovative enterprises
INTRODUCTION
Actuality of a theme.
Under
modern conditions of development of a competitive market efficient
management
of such basic economic processes as the formation and utilization of
current
assets in operational activities helps solve a number of issues of
strategic
business development and enhances the effectiveness of the results of
economic
activity. Most domestic companies can not withstand stiff competition,
do not
reach a high level of profitability due to lack of working capital,
slow-motion
flow of working capital, so the problem of assessing the level of
security
companies working capital, the choice of their funding sources,
determine the
effectiveness of the use and good planning is very urgent , however,
raises a
number of difficulties with the position of making management decisions
at each
facility.
The
purpose of master's work — to unite theoretical
and methodological approaches, and develop practical recommendations to
improve
the management of current assets on an innovative enterprise based on
scientific generalization of the theoretical foundations of current
assets
management, investigation of their status in the enterprises of Ukraine.
To
achieve this objective in the Master's work and solved complex of
theoretical,
scientific, methodological and practical problems:
— Clarify the nature and
specific features of the current assets of enterprises
based on an analysis point of view of scientists;
— The influence of external
and internal factors on the current assets of enterprises;
— A model of current assets
management companies in general and their
components, specified the conditions for their use;
— To develop
recommendations
for the use of mathematical modeling methods to improve working capital
management in terms of innovative development.
Objects of study are processes current assets
management companies, producing an innovative product.
Subject of research
—
scientific and methodological bases of the formation and utilization of
current
assets of the enterprise.
Research methods. The research was
based on the use of the main provisions of the systems approach, the
modern
theory of finance, management, marketing, economic and mathematical and
statistical methods of analysis. The basis of the theoretical part of
this
research is scientific methods of knowledge (dialectics, analysis,
synthesis,
system, analogy, historical). Methods of analysis and synthesis were
used to
justify the essence of current assets. Method of comparative analysis
for consideration
of existing models of current assets and in determining the
appropriateness of
their use, depending on changes in strength of influence factors on the
components of current assets. The analytical part of the work to
determine
trends in the formation and utilization of current assets used methods
of
statistical comparison and grouping. Logic synthesis method used to
draw
conclusions.
Information base. Theoretical and
methodological basis of the research achievements of modern economic
science,
works of domestic and foreign scholars, legislative and other normative
acts of
Ukraine, help and didactic literature, periodic publications, thesis
abstracts,
information of the State Statistics Committee of Ukraine, the Ukrainian
Ministry of Finance, Ministry of Economy, Financial Statements
enterprises.
CONCLUSIONS
In the master's paper gives a theoretical
synthesis and a new solution of scientific tasks to improve current
assets
management companies. The study allowed the following conclusions and
substantiate such suggestions.
1. Established that the economic
substance
of current assets is advanced in the physical and financial assets of
money
funds, which are consumed or sold within one production cycle (or 12
months)
under operating, financial and investment companies. Feature of the
functioning
of the current assets should be considered the feasibility of
determining the
optimum size of their components, which will minimize the need for
sources of
funding and increase efficiency. Efficient use of working capital
facilitates
the continuity of production and sales cycle, and also allows to
maintain a
sufficient level of liquidity and profitability, increases market value
of the
enterprise.
2. Established a permanent increase in the
volume of current assets of enterprises of Ukraine
for 2000-2010. The largest
volumes of liquid assets recorded in industrial enterprises. The
structure of
the current assets of enterprises in Ukraine reflects the
largest
proportion of its receivables, but the positive is the reduction of its
growth
3. In
the process of formation and utilization
of current assets of innovative companies must take into account the
influence
of factors on their size, structure and efficiency. Established that
the determining
influence on all components of current assets are the following
factors: the
legal framework of regulation, the state of the economy, the level of
competition in the industry, professional level staff, the company's
competitiveness, accounting policy, organizational culture. This
suggests the
need to consider these factors when choosing a policy of current assets
management.
DonNTU >
Master's
portal || About
author