DIRECTIONS FOR THE FORMATION OF AN ADAPTIVE CASH FLOW MANAGEMENT MECHANISM AT SMALL AND MEDIUM-SIZED BUSINESS ENTERPRISES UNDER CONDITIONS OF NATIONAL ECONOMY RECOVERY
DOI:
https://doi.org/10.31891/mdes/2023-10-41Keywords:
cash, cash flow, cash flow management of the enterprise, optimization and synchronization of cash flows, the process of managing cash flows at the enterprise, adaptive mechanism of enterprise cash flow management, cash flow budgeting, payment calendar, financial subsystem of the enterprise, recovery economyAbstract
The methodological and practical recommendations for forming an adaptive cash flow management mechanism at small and medium-sized business enterprises under conditions of the post-war recovery of the Ukrainian economy are substantiated. The author's interpretation of the category «cash flow» is proposed as a dynamic indicator that characterizes the constant movement of cash resources as a result of the operational, investment, and financial activities of the enterprise associated with the receipt (incoming cash flows) or spending (outgoing cash flows) of the enterprise's cash resources, which can have a cash and non-cash form, expressed in national or foreign currency and related to a certain point in time. This made it possible to determine the ontological content of the scientific category «mechanism of managing cash flows of the enterprise» and specify its components (management goals and tasks, management criteria, management methods, management levers, management factors, management principles, specifics and features of management, management tools, managerial functions, management resources, regulatory and legal support, and information support). The author's version of the stages of formation of an adaptive cash flow management mechanism at small and medium-sized business enterprises based on the criterion of their optimization is recommended. By the functional specialization of top managers and employees of the financial subsystem, the procedure for making a managerial decision regarding forming an adaptive cash flow management mechanism at small and medium-sized business enterprises is proposed. This clarified the functional responsibilities of employees of the financial subsystem in the cash flow management process. The expediency of using a payment calendar is substantiated, which will help to synchronize cash receipts and payments. A set of measures to increase (decrease) cash flow at small and medium-sized business enterprises has been formed.
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