FINANCIAL CONTROL OF SMALL BUSINESS ENTERPRISES IN MODERN CONDITIONS
Authors:   Vinnytsia National Agrarian University, Fedoryshyna Lidiia , Bilyk Tetyana ,   Vinnytsia National Agrarian University, Pavlyk Volodymyr ,   Vinnytsia National Agrarian University
Published: November 2024

The article examines the principles of financial controlling in modern conditions at small enterprises of Ukraine, and makes a connection with financial planning at the enterprise. The types of financial controlling and their characteristics are also determined, directions for improving the financial controlling system are proposed. Today, the introduction of controlling at a small enterprise is very relevant. It is financial controlling that directly affects the activity of a small enterprise. The implementation of the financial controlling system ensures the effective functioning of a small enterprise in unstable conditions and constant changes in the external environment. The managers of a small enterprise have a special responsibility, since the future of a small enterprise depends on the correctness of management decisions. Analyzing many definitions, we came to the conclusion that financial controlling is understood as a complex system that combines the search, collection and systematization of the necessary information about the activities of a small enterprise for the purpose of management, prevention of possible risks and the adoption of quality management decisions. Financial controlling contributes to the achievement of financial goals, it can be used to analyze discrepancies between actual and forecasted results, to adjust the direction of the development of a small enterprise in accordance with the goals and objectives set by the management. The financial controlling system should be considered as a component of planning in the enterprise in general, using the same approach of methods and tools. For the financial controlling of a small enterprise, it should be relevant to assess the willingness of managers to delegate operational decisions first at the level of middle management, because there is a risk that control may remain only an analytical decision support system at the “manager-controller” level, although it should be logically integrated in the company's business cycle processes. Therefore, the formation of a financial control system for enterprises will allow, firstly, to increase the level of business manageability and reduce the time of making managerial decisions, secondly, it will help to more effectively control the activities of companies and manage costs, thirdly, it will significantly increase the profitability of companies, ensures risk control and their reduction to increase the investment attractiveness of business. Therefore, financial controlling allows to ensure the concentration of control actions on the priority areas of the company's financial activity, to identify deviations from its planned indicators and to make effective management decisions to eliminate such deviations and normalize financial activity. To date, the controlling service has not yet been fully implemented in Ukraine. Therefore, the correct organization and setting of the financial controlling system is extremely important.