Вестник Северо-Кавказского федерального университета (Dec 2023)
Financial resources of the enterprise and the capital of the organization: content, structure and evaluation (agricultural artel «Kuban»)
Abstract
Introduction. The paper examines the issue of forming a balanced structure of financial resources of the enterprise, therefore, the optimal approach to calculating a single indicator demonstrating the quality of the policy in this area is justified. Opinions have been studied in the scientific literature regarding the formation of an optimal policy for managing own capital and other financial resources. The analysis of financial resources management policy was carried out on the example of the Kuban Agricultural Cooperative enterprise, as well as the calculation of a single indicator of its quality was carried out. Based on the obtained result, an example of conclusions regarding the current state of affairs in the field of equity management and other sources of financing is formed, as well as recommendations for further improvement of the situation in this area are highlighted. Materials and methods. The article studies scientific papers on the topic of building an optimal policy of financial management, as well as on the analysis of the balance sheet, the report on financial results, other forms of accounting statements of the agricultural enterprise agricultural artel "Kuban". Also, in the process of work macroeconomic parameters, which affect the determination of the price of financial resources attracted by the subject of economic activity, are taken into account. Results and discussion. It was found out that there is no single indicator, which would characterize the quality of the financial resources management policy of the enterprise. In this case, different authors propose to use as a benchmark of different indicator, including the profitability of equity capital, the level of financial risk, as well as the average price that the company pays for the financial resources involved. In this context, it is proposed to combine three key aspects of the financing policy within a single integral indicator of financial resource management. Conclusion. The importance of using an integrated approach in the identification of the optimal direction of improving the structure of financing of a modern enterprise is emphasized. The author developed an integrated indicator of financial resources management, taking into account the profitability of equity, financial autonomy and the average price of borrowed funds. The proposed single indicator will allow to assess the quality of the policy in the area of attracting sources of finance when building different scenarios and comparing different companies.
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