ACTUAL PROBLEMS OF FINANCIAL MANAGEMENT OF ENTERPRISES IN CRISIS

Abstract

Currently, the Russian economy is experiencing one of the strongest socio-economic crises. The potential negative consequences are still not fully explained: the majority of developed economies are in the growing phase of the Kondratieff wave, which is invariably followed by the phase of decline. When this period starts, the Russian economy, with high probability, will further reduce performance. Now the most urgent task for businesses is proper financial management. The study reveals the role and importance of Finance theories in the study of economic relations in the economy of the Russian Federation. The main focus is on the relationship of theoretical and practical aspects of corporate finances. Valid conclusions are made about the necessity of studying various economic theories of finance, their adaptation to present conditions of extensive economic crisis. The main levels of application of finances are discussed. The most important provisions of studies are analyzed, including studies of well-known economists who have made significant contributions to the development of modern economic science, as well as studies of some of our contemporaries. The author of the article stresses the need for studying the Finance theory, which goal is both theoretical and practical components. It is proposed to develop a comprehensive effective theoretical and practical concept of financial management of enterprises, aimed at using in the Russian Federation.