ORGANIZATION OF FINANCIAL CONTROLLING AS INFORMATIONAL SYSTEM AT AN ENTERPRISE (on the example of hotel industry)
ORGANIZATION OF FINANCIAL CONTROLLING AS INFORMATIONAL SYSTEM AT AN ENTERPRISE (on the example of hotel industry)

Summary/Abstract: Introduction. The authors describe organization of financial controlling system that allows informing management about financial state and existing risks for the enterprise and making better management decisions for current activity and future planning. Purpose of the article is analysis of possibilities for financial controlling usage as an informational system at the enterprises. Results. The possibility of access to reliable and actual information about financial state of the enterprises, necessary for effective management, was considered. To estimate financial stability and probability of the enterprises’ bankruptcy by the example of hotel industry, 10 enterprises were selected. The results of analysis have shown that calculated values are contradictory, which makes it impossible to provide accurate conclusions about financial stability. To avoid significant drawbacks of these analysis methods usage, an approach to financial controlling implementation as an informational system has been considered. In addition, the possibility of the early warning and response system applying as a tool of financial controlling was determined in order to make forecast of main performance indicators’ operation of the enterprises. Conclusions. Organization of financial controlling as the informational system provides access to reliable data regarding enterprises’ effectiveness. At the same time, this system supplies information about factors, which influence operational result, and makes it feasible to financial managers to take informed managerial decisions.

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