FINANCIAL CONTROLLING IN ENSURING FINANCIAL SECURITY OF BUSINESS ENTITIES

Олена Олександрівна Середа

Abstract


In modern conditions of economic instability, increasing risks and global challenges, ensuring the financial security of business entities is becoming a key problem that requires the implementation of effective management tools, in particular financial controlling, to support sustainable development. The purpose of the article is to substantiate the theoretical provisions on financial controlling in ensuring the financial security of business entities, taking into account the characteristics of the type of economic activity. The subject of the research is financial controlling in the context of ensuring the financial security of business entities. The methods of the research: generalization, comparison, analysis, synthesis, methods of systemic and functional approaches. The statement of basic materials. The article highlights the theoretical provisions of building financial controlling for the purposes of financial security of wholesale trade enterprises. The features of the activities of wholesale trade enterprises that affect the level of financial security are clarified. The theoretical provision of financial security of wholesale trade enterprises based on financial controlling is substantiated. Based on the generalization of theoretical and methodological principles, a structural model of financial controlling in ensuring the financial security of wholesale trade enterprises is proposed. The originality and practical significance of the study is in the formation of a theoretical basis for building financial controlling to ensure the financial security of wholesale trade entities. Conclusions and perspectives of further research. Difficult economic and political conditions in Ukraine increase risks for wholesale trade enterprises, which negatively affects their financial security and stability. Financial controlling is a tool for ensuring the financial security of enterprises, increasing their resilience to external and internal challenges. The proposed structural model of financial controlling provides effective management of financial security, helping to make informed decisions to increase the financial stability of wholesale trade enterprises

Keywords


financial controlling, financial security, financial controlling functions, wholesale trade enter-prises, risk management

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DOI: https://doi.org/10.32620/cher.2024.4.09

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