CURRENT ISSUES OF WORKING CAPITAL MANAGEMENT OF A COMPANY IN A CRISIS

Abstract

Working capital management of the company is one of the most important factors in increasing the economic efficiency of production at the present stage of development of the domestic economy. In conditions of socio-economic instability and variability of market infrastructure, a special place in the current day-to-day work of a financial manager is occupied by working capital management, since from this it is possible to trace the cause of successful and unsuccessful production and commercial operations of the company. In this regard, the economical use of working capital in conditions of their insufficiency is one of the priorities of each company's activities at the present time.

Working capital is an advanced value in cash, intended for the planned formation and use of the minimum required size of production working capital. Working capital is considered an important criterion determining the profitability of the company. Their financial position and the most effective use is one of the conditions for the successful operation of the company.

Because they are part of the production capital, which completely transfers its value to the newly produced products and is returned to the entrepreneur in monetary form at the end of each capital turnover. Thus, working capital is an important criterion determining the profitability of the company. In addition, high inflation, non-payments and other unfavorable conditions led the company to change its working capital policy, search for new sources of replenishment, and study issues of their effective use.