Financial planning in the management of the industrial enterprise

Abstract

Introduction. Strengthening the responsibi­lity of enterprises for the timeliness of all calcu­lations raises the question of the availability of well-founded financial plans and methods of their calculations. Problem. Ensuring timely settlements with the financial and credit system, employees, suppliers, fulfillment of basic financial tasks and achieving a stable financial condition requires a scientific organization of financial planning at every enterprise. The aim of the article is to strengthen the scientific validity of financial planning at indust­rial enterprises, which will contribute to the adoption of effective management decisions. Methods. A set of methods and approaches are applied: dialectical, synthesis, balance. Results. An attempt was made to reveal theo­retical and practical issues regarding the pro­cedure for calculating the financial plan, sepa­rate recommendations were developed for its preparation and ensuring balance. Conclusions. On a specific example it was developed the financial plan of an industrial enterprise, the procedure for balancing income and expenses and it was shown the determining the volume of loans as a tool for eliminating the shortage of cash. Further areas of improvement of the financial plan are the development of tax planning methods.