Email this article ABOUT THE FINANCIAL POLICY OF THE COMPANY
- Authors: Evstigneeva O.A.1
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Affiliations:
- Togliatti State University, Togliatti
- Issue: No 4 (2014)
- Pages: 99-103
- Section: Гуманитарные науки
- URL: https://vektornaukitech.ru/jour/article/view/586
- ID: 586
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Abstract
When developing the effective financial management system the specialists constantly face a problem of combining of the company interests of development, availability of funds for development and retaining of high solvency of the company. This problem is solved with the help of the development and the adherence to the financial policy basic parameters. The article considers the essence and content of financial policy, specifies short-term and long-term financial policies, and according to the actions direction – the external and internal financial policies. These aspects reveal its directions which can be targeted to optimization of financial relations and processes within the company and to the optimal use of the potentialities of various segments of national and international financial markets for the company development. The author also considers the requirements of the financial policy development. The article gives the components needed for the policy formation and implementation, in particular two interfacing areas – incomes policy and expense policy that generally perform in practice the corresponding functions of finance. Financial policy is presented as an algorithm of actions for achievement of the main objectives of the company, which involves the implementation of successive stages and includes different tools and mechanisms. The author gives the definitions of short-term and long-term financial policy. When developing financial policy the company’s management constantly needs to make management decisions. The immediate and exact information plays the important role in choosing the most optimal decision. The author formulated the concept of financial information and developed its classification, noted its significance for the implementation of the financial policy objectives, determined the importance of internal and external information, updated the scheme of the process of the financial information generating for the purpose of the financial policy development and implementation.
About the authors
Olga Aleksandrovna Evstigneeva
Togliatti State University, Togliatti
Author for correspondence.
Email: izmestievao@mail.ru
candidate of economic sciences, assistant professor of the Department «Finance and Credit»
Russian FederationReferences
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