Formation of the Mechanism for Financial Planning at the Enterprise in Conditions of Volatility and Instability of the External Environment

The research is aimed at theoretical and practical aspects of financial planning of enterprises in conditions of volatility and instability of the external environment. Based on the generalization of approaches to the essence and the meaning of financial planning, its semantic characteristics are de...

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Autores principales:	Dema Dmytro I., Sus Lesia V., Sus Yurii Yu.
Formato:	article
Lenguaje:	EN RU UK
Publicado:	Research Centre of Industrial Problems of Development of NAS of Ukraine 2021
Materias:	financial planning operational planning strategic planning ongoing planning financial strategy financial plan volatility environmental instability Business HF5001-6182
Acceso en línea:	https://doaj.org/article/5e791caa1fa84725b42f48f326263ca7
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spelling	oai:doaj.org-article:5e791caa1fa84725b42f48f326263ca72021-11-04T10:05:45ZFormation of the Mechanism for Financial Planning at the Enterprise in Conditions of Volatility and Instability of the External Environment10.32983/2222-4459-2021-9-207-2152222-44592311-116Xhttps://doaj.org/article/5e791caa1fa84725b42f48f326263ca72021-09-01T00:00:00Zhttps://www.business-inform.net/export_pdf/business-inform-2021-9_0-pages-207_215.pdfhttps://doaj.org/toc/2222-4459https://doaj.org/toc/2311-116XThe research is aimed at theoretical and practical aspects of financial planning of enterprises in conditions of volatility and instability of the external environment. Based on the generalization of approaches to the essence and the meaning of financial planning, its semantic characteristics are determined in terms of methodology in both broad and narrow context. The process of evolution of financial planning is considered from the point of view of formation of systems of financial economic activity management of enterprises, three stages of its genesis with specification of advantages and disadvantages are distinguished. The principles, types and methods of planning are systematized. The stages of financial planning at enterprises are distinguished and their role in balancing financial stability in the process of formation, accumulation, distribution and use of financial resources is determined. Based on the stages of financial planning, three main subsystems of activity planning (strategic forecasting, ongoing financial planning and operational planning of financial activities) are described. On the basis of the analysis of existing problems in financial management in case of instability and recurrence of crisis phenomena, a mechanism for organizing financial planning at enterprises is proposed. The need to improve the effective generation of cash flows in the long term is distinguished, taking into account strategic and long-term financial plans based on the scenario financial planning method.Dema Dmytro I.Sus Lesia V.Sus Yurii Yu.Research Centre of Industrial Problems of Development of NAS of Ukrainearticlefinancial planningoperational planningstrategic planningongoing planningfinancial strategyfinancial planvolatilityenvironmental instabilityBusinessHF5001-6182ENRUUKBìznes Inform, Vol 9, Iss 524, Pp 207-215 (2021)
institution	DOAJ
collection	DOAJ
language	EN RU UK
topic	financial planning operational planning strategic planning ongoing planning financial strategy financial plan volatility environmental instability Business HF5001-6182
spellingShingle	financial planning operational planning strategic planning ongoing planning financial strategy financial plan volatility environmental instability Business HF5001-6182 Dema Dmytro I. Sus Lesia V. Sus Yurii Yu. Formation of the Mechanism for Financial Planning at the Enterprise in Conditions of Volatility and Instability of the External Environment
description	The research is aimed at theoretical and practical aspects of financial planning of enterprises in conditions of volatility and instability of the external environment. Based on the generalization of approaches to the essence and the meaning of financial planning, its semantic characteristics are determined in terms of methodology in both broad and narrow context. The process of evolution of financial planning is considered from the point of view of formation of systems of financial economic activity management of enterprises, three stages of its genesis with specification of advantages and disadvantages are distinguished. The principles, types and methods of planning are systematized. The stages of financial planning at enterprises are distinguished and their role in balancing financial stability in the process of formation, accumulation, distribution and use of financial resources is determined. Based on the stages of financial planning, three main subsystems of activity planning (strategic forecasting, ongoing financial planning and operational planning of financial activities) are described. On the basis of the analysis of existing problems in financial management in case of instability and recurrence of crisis phenomena, a mechanism for organizing financial planning at enterprises is proposed. The need to improve the effective generation of cash flows in the long term is distinguished, taking into account strategic and long-term financial plans based on the scenario financial planning method.
format	article
author	Dema Dmytro I. Sus Lesia V. Sus Yurii Yu.
author_facet	Dema Dmytro I. Sus Lesia V. Sus Yurii Yu.
author_sort	Dema Dmytro I.
title	Formation of the Mechanism for Financial Planning at the Enterprise in Conditions of Volatility and Instability of the External Environment
title_short	Formation of the Mechanism for Financial Planning at the Enterprise in Conditions of Volatility and Instability of the External Environment
title_full	Formation of the Mechanism for Financial Planning at the Enterprise in Conditions of Volatility and Instability of the External Environment
title_fullStr	Formation of the Mechanism for Financial Planning at the Enterprise in Conditions of Volatility and Instability of the External Environment
title_full_unstemmed	Formation of the Mechanism for Financial Planning at the Enterprise in Conditions of Volatility and Instability of the External Environment
title_sort	formation of the mechanism for financial planning at the enterprise in conditions of volatility and instability of the external environment
publisher	Research Centre of Industrial Problems of Development of NAS of Ukraine
publishDate	2021
url	https://doaj.org/article/5e791caa1fa84725b42f48f326263ca7
work_keys_str_mv	AT demadmytroi formationofthemechanismforfinancialplanningattheenterpriseinconditionsofvolatilityandinstabilityoftheexternalenvironment AT suslesiav formationofthemechanismforfinancialplanningattheenterpriseinconditionsofvolatilityandinstabilityoftheexternalenvironment AT susyuriiyu formationofthemechanismforfinancialplanningattheenterpriseinconditionsofvolatilityandinstabilityoftheexternalenvironment
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Formation of the Mechanism for Financial Planning at the Enterprise in Conditions of Volatility and Instability of the External Environment

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