УДК 658. 14

Larysa IVANCHENKOVA
PhD in Economics, Associate Professor,
Associate Professor of Department of Accounting and Audit
Odessa National Academy of Food Technologies
Olena DOLYNSKA
the applicant, the head of the laboratory of the department of marketing, entrepreneurship and marketing, Odessa National Academy of Food Technologies

Abstract

Introduction. The control of financial and economic results is part of the subsystem in a more general system – enterprise management system. Sometimes unjustifiably the sign of equality is put between the concept of «monetary control» and «financial control» in economic literature. In fact, the first of them is considerably wider than its content. Monetary control is carried out through the regulation of prices, profits, finances, credit and other economic instruments, caused by commodity-money relations. However, today there is a need to study the peculiarities of monitoring the results of financial and economic activities of enterprises.

The purpose of the article is to study the peculiarities of monitoring the results of financial and economic activity of food industry enterprises as a tool for diagnostics and decision-making.

Results. It is proved that control acts as a result of the practical use of the control function of finance, that is their internal property – the ability to serve as means of control over the production, distribution and using of products and income.

Conclusions. As the form of financial and economic control is worth highlighting the previous, current and subsequent control. The basis of this classification is the separate parts of the concrete expression and organization of control actions, depending on the time of their implementation. In today’s market conditions, prior control plays an increasingly important role. Prior to the implementation of economic and financial transactions, it has a warning character. The activity of the enterprise in a market economy is incompatible with negative profit and losses, which is the result of economic miscalculations and violations of law. In order to minimize them, a system of prior financial and economic control is necessary to prevent unlawful actions, disadvantages and violations. At the stage of forecasting, planning and design, it serves as a prerequisite for the optimal managerial decisions adoption.

Keywords: control, diagnostics, financial and economic activity, management decisions.

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The article was received 20.08.2018