DEVELOPMENT OF TOOLS OF FINANCIAL MANAGEMENT IN THE RUSSIAN UNIVERSITIES

The article reveals features of usage of modern technologies of financial management in practice of public finance management. It defines the main objectives of financial management tools in public sector. It underlines the connection between the monitoring of quality of financial management in the...

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Autores principales:	V. I. Pyatanova, N. N. Shash
Formato:	article
Lenguaje:	RU
Publicado:	Plekhanov Russian University of Economics 2018
Materias:	financial management public finance monitoring of quality of financial management indicators of quality of financial management higher educational institutions Economics as a science HB71-74
Acceso en línea:	https://doaj.org/article/fcf1aa2b342b4bf7a3752dd1bb341007
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spelling	oai:doaj.org-article:fcf1aa2b342b4bf7a3752dd1bb3410072021-11-15T05:20:47ZDEVELOPMENT OF TOOLS OF FINANCIAL MANAGEMENT IN THE RUSSIAN UNIVERSITIES2413-28292587-925110.21686/2413-2829-2018-3-123-131https://doaj.org/article/fcf1aa2b342b4bf7a3752dd1bb3410072018-06-01T00:00:00Zhttps://vest.rea.ru/jour/article/view/504https://doaj.org/toc/2413-2829https://doaj.org/toc/2587-9251The article reveals features of usage of modern technologies of financial management in practice of public finance management. It defines the main objectives of financial management tools in public sector. It underlines the connection between the monitoring of quality of financial management in the budgetary sphere and budgetary policy implementation by ensuring control and accountability in public resources management. It proves the necessity to develop and enhance the specific system of assessment indicators when carrying out monitoring of quality of financial management in the organizations of the budgetary sphere. Examples of the indicators used when carrying out monitoring of quality of financial management of higher educational institutions are given. Based on the results of monitoring of quality of financial management of higher educational institutions the complex of problems in the sphere of management of finance of higher educational institutions is identified. Practical recommendations are offered for the most problematic areas of financial management of educational institutions, such as, strategic and operational management of expenses; system of financial planning, budgeting and control; information support of decision-making, liquidity management; financial risks management. Taking into consideration the leading foreign practice, the complex of actions has been developed, which would allow to significantly improve the quality of financial management in the Russian system of higher education.V. I. PyatanovaN. N. ShashPlekhanov Russian University of Economicsarticlefinancial managementpublic financemonitoring of quality of financial managementindicators of quality of financial managementhigher educational institutionsEconomics as a scienceHB71-74RUВестник Российского экономического университета имени Г. В. Плеханова, Vol 0, Iss 3, Pp 123-131 (2018)
institution	DOAJ
collection	DOAJ
language	RU
topic	financial management public finance monitoring of quality of financial management indicators of quality of financial management higher educational institutions Economics as a science HB71-74
spellingShingle	financial management public finance monitoring of quality of financial management indicators of quality of financial management higher educational institutions Economics as a science HB71-74 V. I. Pyatanova N. N. Shash DEVELOPMENT OF TOOLS OF FINANCIAL MANAGEMENT IN THE RUSSIAN UNIVERSITIES
description	The article reveals features of usage of modern technologies of financial management in practice of public finance management. It defines the main objectives of financial management tools in public sector. It underlines the connection between the monitoring of quality of financial management in the budgetary sphere and budgetary policy implementation by ensuring control and accountability in public resources management. It proves the necessity to develop and enhance the specific system of assessment indicators when carrying out monitoring of quality of financial management in the organizations of the budgetary sphere. Examples of the indicators used when carrying out monitoring of quality of financial management of higher educational institutions are given. Based on the results of monitoring of quality of financial management of higher educational institutions the complex of problems in the sphere of management of finance of higher educational institutions is identified. Practical recommendations are offered for the most problematic areas of financial management of educational institutions, such as, strategic and operational management of expenses; system of financial planning, budgeting and control; information support of decision-making, liquidity management; financial risks management. Taking into consideration the leading foreign practice, the complex of actions has been developed, which would allow to significantly improve the quality of financial management in the Russian system of higher education.
format	article
author	V. I. Pyatanova N. N. Shash
author_facet	V. I. Pyatanova N. N. Shash
author_sort	V. I. Pyatanova
title	DEVELOPMENT OF TOOLS OF FINANCIAL MANAGEMENT IN THE RUSSIAN UNIVERSITIES
title_short	DEVELOPMENT OF TOOLS OF FINANCIAL MANAGEMENT IN THE RUSSIAN UNIVERSITIES
title_full	DEVELOPMENT OF TOOLS OF FINANCIAL MANAGEMENT IN THE RUSSIAN UNIVERSITIES
title_fullStr	DEVELOPMENT OF TOOLS OF FINANCIAL MANAGEMENT IN THE RUSSIAN UNIVERSITIES
title_full_unstemmed	DEVELOPMENT OF TOOLS OF FINANCIAL MANAGEMENT IN THE RUSSIAN UNIVERSITIES
title_sort	development of tools of financial management in the russian universities
publisher	Plekhanov Russian University of Economics
publishDate	2018
url	https://doaj.org/article/fcf1aa2b342b4bf7a3752dd1bb341007
work_keys_str_mv	AT vipyatanova developmentoftoolsoffinancialmanagementintherussianuniversities AT nnshash developmentoftoolsoffinancialmanagementintherussianuniversities
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DEVELOPMENT OF TOOLS OF FINANCIAL MANAGEMENT IN THE RUSSIAN UNIVERSITIES

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