Evaluation of main management tasks of activities and liabilities of the enterprise in modern conditions
Journal Title: Економіка. Фінанси. Право - Year 2018, Vol 7, Issue
Abstract
Introduction. No company can operate without proper property. In turn, all the property will own its sources of origin. Therefore, effective management of the property and capital of an enterprise is a fundamental task that in the future ensures the level of financial results of the enterprise, its liquidity, solvency and creditworthiness, which in general determines the relevance of this research. Therefore, the clarification and specification of tasks concerning the management of assets and liabilities of the enterprise is currently a very topical issue. Purpose. The purpose of the study is to clarify the content of the main objective and objectives of asset and liability management of the company on the basis of critical generalization and grouping of the main approaches to asset and capital management of the enterprise. Results. It is determined that the management of assets (property) and liabilities (capital) are parts of one common task. It is substantiated that at the moment there is no unity in the interpretation of the goals and tasks of managing assets and liabilities of domestic enterprises. It is established that at the given time four groups or four scientific schools are distinguished in relation to determining the purpose of asset management and enterprise liabilities: the theory of maximizing the welfare of asset holders; the theory of asset rationalization; the theory of profit maximization; theory of maximizing growth. It is substantiated that the only correct approach is missing, and all of them have their advantages and disadvantages. It is proposed as the main task of the enterprise to consider successful functioning in the long-term perspective, and the main tasks of managing the property and capital of the enterprise should include: ensuring the continuity of the production process; acceleration of the turnover of the total assets (capital); provision of liquidity of assets sufficient to support the current and long-term solvency of the enterprise; ensuring higher profitability of assets (capital); minimization of risks and losses associated with the formation and use (capital). Conclusion. Thus, the main objective of managing assets and liabilities of an enterprise is most appropriate to consider maximizing the market value of an enterprise, since the achievement of this goal, as a rule, indicates a significant economic potential of the enterprise, ensuring the welfare of the owners, maximum and stable profits.
Authors and Affiliations
Ninel Vasylivna Bondarenko, Ruslan Anatoliiovych Chemchykalenko, Danylo Olehovych Sirenko
Keywords
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