The System of Financial Control in the Management of a Small Business Enterprise: Methods and Tools of Implementation(Pages 1034-1041)
Halyna Lysak1,*, Hanna Morozova1, Oleksandr Gorokh1, Olena Maliy1 and Iryna Nesterenko2
1Department of Finance, Banking and Insurance, State Biotechnological University, Kharkiv, Ukraine.
2Department of Accounting, Audit and Taxation, State Biotechnological University, Kharkiv, Ukraine.
Small businesses in any country remain an essential link in maintaining the level of competition. Thus, it remains relevant to consider the possibilities of small business development in the economy of any state. This work focuses on the financial and managerial components of such enterprises in Ukraine. The purpose of the study is to assess the methods of financial control and management of small business enterprises in Ukraine, as well as to consider the features of small business development in Ukraine and the Kharkiv region in particular. The primary method for writing the paper was the method of analysis, given a large number of different types of data processed by the authors. During the writing of the work, it was concluded that in Ukraine, financial control in small enterprises plays a unique role in the possibility of further functioning of the enterprise. This is due to a significant number of problems in the country's economy, as well as difficulties that exist in doing business. In work, two models were built that characterize the methods of conducting financial control in the management of the enterprise: column-shaped and spiral-shaped. In addition, the work analyzes the international experience of studying financial control systems in small business companies, which once again confirms the role of financial control in improving their financial results.
Finance, Management, The Economy of Ukraine, Regional Development, Entrepreneurship.
F65; M21; G3
How to Cite:
Halyna Lysak, Hanna Morozova, Oleksandr Gorokh, Olena Maliy and Iryna Nesterenko. The System of Financial Control in the Management of a Small Business Enterprise: Methods and Tools of Implementation. [ref]: vol.20.2022. available at: https://refpress.org/ref-vol20-a115/
Licensee REF Press This is an open access article licensed under the terms of the Creative Commons Attribution Non-Commercial License (http://creativecommons.org/licenses/by-nc/3.0/) which permits unrestricted, non-commercial use, distribution and reproduction in any medium, provided the work is properly cited.