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Methods and tools of formation of the financial strategy of the company

Abstract

This article is devoted to the classification and analysis of the methods available for the development of a company's financial strategy. The author gives own classification of these methods and highlights the advantages and disadvantages of each group. This analysis is important for research and practical development in the field of financial strategy. For modern management, analytical work becomes one of the most important areas of financial management at enterprises, and the formation of scientifically-based financial forecasts and strategies becomes an objective necessity. The effectiveness of financial management largely depends on what principles the management system is based on, i.e. a system for the development, justification and implementation of management decisions on the accepted horizon of business planning. The paper briefly discusses the ability of each group of methods prescribed by financial strategies to determine the economic behavior of companies. The author provides a system of these methods in the framework of their practical use, analyzes the advantages and disadvantages of using various approaches to financial analysis. Most of the considered methods, which form the basis of the subsystem of methodological support of the managerial process, are developed by foreign scientists and consulting firms. The use of these methods yields results only if they are consistent with each other, developing complementing each other, and are also consistent with the economy of domestic enterprises.

About the Author

A. B. Nusupekova
Университет «Туран»
Kazakhstan


References

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Review

For citations:


Nusupekova A.B. Methods and tools of formation of the financial strategy of the company. Bulletin of "Turan" University. 2019;(4):247-251. (In Russ.)

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ISSN 1562-2959 (Print)
ISSN 2959-1236 (Online)