Introduction. 1 Theoretical and methodical aspects of cash flow management 5-14

Content

Introduction………………………………………………………………….....3-4

1 Theoretical and methodical aspects of cash flow management ………...5-14

1.1 Cash flow as a subject of management………………………………….....5-6

1.2 The economic essence of the cash flow of the enterprise and a classification of the cash flow………………………………………………………….….6-11

1.3 The financial market and its importance in the management of cash flows at the current stage…………………………………………………………...11-14

Process to management of cash flow for example JSC «Kedentransservice»……………………………………………………..15-24

2.1 Brief characteristics of JSC «Kedentransservice»………………………..15-16

2.2 Analysis of structure and structure of money in JSC «Kedentransservice»………………………………………………………16-18

2.3 Analysis of cash flows for the case JSC «Kedentransservice»…………..18-24

3 Main ways of improvement of management of cash flows …………….25-28

3.1 Problems in Cash flow management ……………………………………..….25

3.2 The role of financial management in management funds……………………26

3.3 Recommendations to improve cash flow management…………………...…27

Conclusion………………………………………………………………….…28-29

Appendixes……………………………………………………………………30-31

The list of used literature…………………………………………………..……..31

Introduction

"Cash Management - art,

passing in the science of government short-term resources

to maintain current activities, mobility funds and optimize liquidity "

Almen Michelle Ward

Relevance of the topic is that no one company can not exist without money. Cash requirements exist at the company throughout its life cycle. And the company can operate in an emerging market, profit and grow, it is necessary to develop effective policies for cash management. Coherent control mechanism will allow the company to achieve financial stability, not only in the present but also in the future.

Regularly most firms, consciously or unconsciously engaged in cash management, faced with the problem of excess or deficit, prompting experts to study the causes of the problems and analyze the consequences.

It is clear that the lack of cash flow from operating activities - this influence buyers or suppliers for the company, and their surplus - on the contrary, the impact of the company's customers and suppliers.

Among the main problems of the economies of various countries, many economists allocate cash deficit in the enterprises to carry out their current and investment activities. However, closer examination of the problem it turns out that one of the reasons for this deficit is generally low efficiency of recruitment and use of financial resources, limited used in this financial tools, technologies and mechanisms. As financial tools and technologies are always based on the development of financial theory and practice, their use is particularly important when a lack of financial resources.

On the other hand, cash management is part of the financial management and is part of the financial policy of the company, understood as the overall financial ideology that holds the company to achieve its goal of overall economic activity. The task of fiscal policy is the creation of an effective financial management system that provides the strategic and tactical goals of the enterprise.

Cash businesses include cash on hand and on the current account in a commercial bank. Various types of current assets have different liquidity, which refers to the time period required to convert the asset into cash, and the costs of providing this conversion. Only cash is inherent absolute liquidity. In order to pay your bills on time vendors, the enterprise must have a certain level of absolute liquidity.

Efficient cash flow contributes to the formation of rhythmic operating cycle and ensures growth of production and sales. However, any breach of payment discipline affects the formation of inventories of raw materials, labor productivity, sales of finished products, the company's market position, etc. Even the companies successfully operating in the market and generating a sufficient amount of profit, insolvency may occur as a consequence of an imbalance of various types of cash flows over time.

Cash management is an important factor in accelerating the circulation of capital enterprise. It does this by reducing the length of the operating cycle, more economical use of its own and reduce the need for extra sources of funds. Consequently, the performance of the enterprise depends entirely on the organization of the system of money management. This system is created to ensure that the short-term and strategic plans of the Company, maintain solvency and financial stability, improve the management of its assets and sources of funding, as well as minimizing the cost of financing economic activity.

The concept of cash flow is part of many theories in the field of corporate finance and financial management, but in practice, cash flow management is given little attention.

The aim of the course work is to improve the analysis and cash management businesses.

Tasks of the course work:

- Learn the basic concepts and objectives of cash management;

- To consider the basic model of regulation of funds;

- To analyze cash management at JSC "Kedentransservice"

- To develop recommendations to improve the management company's cash flow.

The subject of the study is a set of cash flows.

The object of research is the JSC "Kedentransservice." The main activity of JSC: terminal handling of cargo transported in wagons and containers; locomotive traction services, customs clearance of goods and freight, commercial and procurement, commercial and mediation services Theoretical value of the received results consists in generalization and systematization of the theoretical and methodological researches, allowed to construct a methodical basis of management of cash flows in system of financial management of the corporations.

The practical importance of work is that proposals of the author can be applicable in the organizations of different branches and organizational and legal forms of activity for increase of their efficiency.

In the course of research traditional methods of the economic analysis were applied: abstract and logical, settlement and constructive, monographic research, comparisons, specifications, groups, comparisons and others.

For performance of work formed information base: educational and scientific literature, periodicals materials, including electronic, enterprise reporting.

Дата добавления: 2015-08-27