FINANCIAL MANAGEMENT IN THE COMPANY
FINANCIAL MANAGEMENT IN THE COMPANY

Author(s): Ainura Omarova, Baglan Aimurzina, Mazken Kamenova
Subject(s): Economy, Business Economy / Management, Accounting - Business Administration
Published by: ASERS Publishing
Keywords: organization; management; finance;
Summary/Abstract: Financial management is aimed at managing the movement of financial resources and financial relations arising between business entities in the process of movement of financial resources. The question of how to skillfully manage these movements and relationships is the content of financial management. Financial management is the process of developing the goal of financial management and the impact on finances using the methods and levers of the financial mechanism to achieve the goal. Thus, financial management includes strategy and management tactics. In this case, strategy is understood as the general direction and method of using funds to achieve the goal. This method corresponds to a certain set of rules and restrictions for making decisions. The strategy allows you to concentrate on solution options that do not contradict the adopted strategy, discarding all other options. After achieving the goal, the strategy as a direction and means of achieving it ceases to exist. New goals set the task of developing a new strategy. Tactics are specific methods and techniques for achieving the goal in specific conditions. The objective of management tactics is to select the optimal solution and the most appropriate management methods and techniques in a given economic situation.

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