Role of Financial Management in Relations of Economic Agents and Substantiation of the Necessity of Transition to Dynamic Methods of Assessing Financial Situation at Industrial Enterprises
Citation: Natalyya Vetrova, Viktor Malinin (2010). Role of Financial Management in Relations of Economic Agents and Substantiation of the Necessity of Transition to Dynamic Methods of Assessing Financial Situation at Industrial Enterprises. Russian Journal of Entrepreneurship, 11(4), 74-78. — url: http://bgscience.ru/com/lib/2204
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Abstract:
The article assesses the role of financial management system in an unstable economic environment. The authors prove the macroeconomic significance of timely and reliable information on the financial situation of economic agents. They identify weaknesses in existing approaches to assessing the financial situation
of industrial enterprises and they formulate the conceptual basis of the dynamic approach.