FINANCIAL MANAGEMENT DURING THE WAR

Abstract

In modern economic and political conditions, which cause the instability of the functioning of domestic business entities, there is a need for the formation and adoption of effective management decisions on the problems of financing enterprises and restoring their financial stability, solvency and creditworthiness. The problems of the formation of financial resources by enterprises are especially relevant in the conditions of the martial law introduced in Ukraine and the full-scale invasion of the territory of Ukraine by the occupying forces. The purpose of the article is to study the key aspects of financial management during the war, which are accompanied by the riskiness of doing business, as well as to outline the key directions of making managerial financial decisions based on adaptation to risky business conditions in order to achieve the set goals of the enterprise. Financial condition management is a key component of financial management in modern conditions, as the financial and property condition of the enterprise determines its economic success in conditions of uncertainty, risks and any difficult economic conditions. Currently, the justification of effective financial management solutions of the enterprise requires actual research on its adaptation to the crisis conditions of business operation during the war. The article summarizes approaches to defining the essence of financial management. The author outlines the peculiarities of financial management during the war, which is accompanied by a high level of business risk and the need to adapt to new market realities. The directions of digitalization of financial management at the enterprise are characterized, which involves the use of digital technologies and tools to optimize financial processes, increase the effectiveness of management decisions of a financial nature. On the basis of the conducted research, it is possible to assert the relevance of further development of forms, methods and tools for improving the efficiency of management of financial resources of economic entities during the war.