Corporate finance and business valuation

This article examines the essence of corporate finance and the specifics of their management at industrial enterprises. In modern conditions of economic development, it is possible to ensure the competitiveness of an enterprise only when switching to an innovative type of economic activity. For this reason, the number of enterprises that are engaged in the development and implementation of various projects to implement the necessary changes is increasing. It is quite difficult to introduce any new technologies into the company's activities, both from the point of view of their organization and from the point of view of financing. The financial management of an enterprise is of paramount importance, since an effective financial management system contributes to the adoption of sound management decisions. Today, the implementation of most of the tasks facing a manufacturing enterprise requires the use of innovative management technologies. For most enterprises, improving financial management means, among other things, reforming and restructuring the financial system. The innovative development of an enterprise must be designed in the same way as any system. It is necessary not only to define the tasks facing the enterprise, but also to create a system that ensures the transition of the enterprise to this state, to determine the necessary resources, to develop business processes of innovation. In general, the financial management of the enterprise should ensure transparency of the financial condition and movement of financial resources for the management, the formation of the most profitable options for financial plans, operational accounting of factual information, control of deviations from the plan. In this regard, the basis of the financial management system at the enterprise is: a combination of planning and control of the implementation of plans based on the coordination of planning documents with the accounting and reporting system, a coordinated analysis of material flows and financial flows, both for individual production groups and divisions, and for the enterprise as a whole.