Finance - is the basic category, historically rooted in the development of commodity-money relations.Then, the financial policy of the company - a complex of measures, which is held the administration, the owner, the workforce in order to find finance and their use to carry out basic tasks and functions.
thus produced scientifically based concept of financial activity, defined the key areas of financial expenditure of funds, focusing on short-, medium- and long-term, focusing on practical implementation of the developed strategy.
financial policy of the company is generated based on the study of demand for manufactured products, evaluation of material, financial, intellectual, human and information resources of the organization and the preliminary results of forecasting economic activity.
The goals of the enterprise, its position in the market, develop the concept of financial activity have an impact on the direction of spending funds of the enterprise.The financial policy of the company is subject to the main goal - the most efficient and full use of and strengthen its financial capacity.
financial policy lies in the purposeful use of financial resources in order to achieve tactical and strategic objectives defined by the charter company.
financial policy includes the following links:
1) development of the concept of cash flow businesses that will provide an optimal combination of protection from business risks and high returns;
2) determination of the main directions of spending of financial funds for a specific period: ten days, a month, etc., as well as in the near future;
3) The implementation of practical actions that are aimed at achieving specific goals.
financial policy of the nature and duration of the period of tasks classified into:
- Finance tactics
- financial strategy.
financial policy of the company is closely linked with the financial policy of the state, therefore, it is considered in the complex.Macroeconomic, the external environment influences the activity of the company is stronger than the microeconomic, internal environment.Therefore, the financial policy of a particular company depends on what the priorities identified in the financial policy of the state, from its reality and validity.
Credit policy of the company to reduce receivables and subsequently manage it wisely.Credit policy of the company - a specific Code of Conduct, which defines the procedure for collecting receivables and obtain trade credit.In most cases, it developed and adopted for the calendar year, and subsequently revised in accordance with the efficiency and adjusted for confronting the enterprise goals and objectives in the current market conditions.
Smart credit policy consists of three large blocks of work that are conducted continuously:
- the provision of commercial loans (for how long, to whom, how much, etc.);
- regular audit of accounts receivable;
- timely and adequate measures to collect overdue debts.
tax policy of the enterprise is a system of methods, techniques, methods, allowing to conduct tax accounting, as well as create, optimize, calculate and analyze the tax figures.Fiscal performance is the size of tax payments, including:
- share of fees and taxes in the assets and liabilities of the enterprise;
- ratio of the amounts of different taxes;
- fiscal solvency of the company, etc.
