Increase of Efficiency of Enterprise Financial Control through Application of the Integration Process

Hulay Ivanna O. ()
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Hulay Ivanna O.: Lviv Regional Institute of Public Administration of National Academy of Public Administration under the Office of the President of Ukraine

Business Inform, 2014, issue 2, 283_288

Abstract: The article analyses the modern state of an enterprise as of a socio-economic system, which consists of interconnected elements. The article states that each of these elements could be an individual structural subdivision of an enterprise. Establishment and maintenance of close links between the elements ensures increase of controllability of an enterprise and, at the same time, increase of economic indicators of enterprise activity. The article justifies urgency of integration, which should be realised not only at the level of an enterprise, but also at the level of each structural subdivision. It specifies selection of methods and approaches to the process of integration and shows that it is different for each enterprise and depends on goals and tasks, which have to be achieved in the result of realisation of each individual project. The article offers to use the process of integration at an enterprise, the goal of which is achievement of the system effect through unification of financial, material, information and human capital of an enterprise.

Keywords: enterprise; control system; integration; financial control (search for similar items in EconPapers)
Date: 2014
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