CURRENT ASSETS MANAGEMENT SYSTEM AS A TOOL FOR ENSURING THE SOLVENCY OF THE ENTERPRISE

Abstract

The article examines the theoretical foundations of the rational use of the company's current assets. The main stages of the formation of the company's current asset management system are considered in terms of the main types, in particular, stocks of raw materials and materials, stocks of finished products, accounts receivable, cash balances.The principle approaches to the formation of the need for current assets of the enterprise are determined, such as conservative, moderate, aggressive. The main stages of the process of optimizing the volume of current assets are highlighted. Approaches to the selection of funding sources have been formed. The importance of managing receivables in ensuring the solvency of the enterprise is shown. It was established that all types of current assets are subject to the risk of losses. In particular, cash is exposed to inflation risk, production stocks – to natural losses, receivables – to the risk of non-return, short-term financial investments – to the risk of loss of income, which is associated with an unfavorable stock market situation.It is noted that the nature of the use of current assets has its own characteristics, therefore, the development of the current assets' management system in terms of individual structural elements is of great importance.So, as a result of the study, it was concluded that the system of management of current assets is important in the financial and economic activity of the enterprise. This makes it possible to make timely settlements with the budget, tax authorities and counterparties in the market of goods and services, as well as control the formed stocks of goods and material values inconditions of inflation.