II. Retell the text.

ORGANIZATION OF FINANCIAL ACTIVITY

I. Read and translate the text.

The financial activity of entity - a special kind of company staff in the formation and use of financial resources. The financial activity of the entity must be organized so that the decisions taken by the finance were the most effective for the existing restrictions, such as lack of resources in the enterprise business environment and features.

Financial management – an organization of decision-making practices for the regulation of cash flows is carried out according to the structure of financial service companies.

The purpose of financial management – to achieve optimality adopted in the framework of the financial decisions to maximize cash flow business.

The financial activity of the company includes the work of financial managers at the two following directions and the volumes of each of them affect the organizational structure of financial services.

A. Specific actions of the daily management of funds in the short -term planning of finance (budget planning). Also necessary to provide funds for enterprise management equipment and normal ongoing business at the right time, with minimal cost and without the threat of loss of independence of the company to third parties (creditors).

B. Study of the analysis and preparation of prospective financial solutions for strategic planning finances.

II. Retell the text.

FINANCIAL INDEXES

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