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Financial Analytics: Science and Experience
 

Financial analytics and the current financial practices

Vol. 10, Iss. 6, JUNE 2017

PDF  Article PDF Version

Received: 17 January 2017

Received in revised form: 23 March 2017

Accepted: 5 April 2017

Available online: 15 June 2017

Subject Heading: Economic policy

JEL Classification: G32, G35

Pages: 701-718

https://doi.org/10.24891/fa.10.6.701

Astrakhantseva I.A. Siberian Federal University, Krasnoyarsk, Krasnoyarsk Krai, Russian Federation
astrahantsevaia@gmail.com

Koyupchenko I.N. Siberian Federal University, Krasnoyarsk, Krasnoyarsk Krai, Russian Federation
kinkras@gmail.com

Importance Strategic priorities and vectors of financial management of modern companies are the subjects of the study. Achieving of a strategic position is based on sustainability and balance of finance, both in the long run and short periods.
Objectives The paper aims to reveal the approaches to examination and generalization of the experience of successful enterprises' financial management. We are to show the role of the financial analysis in inclusion of current practices in a common development mechanism and managerial decision reasoning.
Methods The concept of strategic management Balanced Scoreсard (BSC) as well as basic and modern theories of financial management are the methodological basis of the study.
Results We prepared recommendations on development of priority directions of financial sustainability policy.
Conclusions Formation of theoretical and methodological tools of financial modeling, analysis and evaluation of internal and external economic relations, processes and occurrences would help achieve a high management quality and financial efficiency. Financial analysis can help find forms of best practices application considering various economic peculiarities.

Keywords: model, financial management, financial policies, budget, dividend, financial sustainability

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