Analyzing the financial flows of a consolidated group of companies
Subject Obtaining significant advantages of companies as a result of their merger into a consolidated group is often constrained by insufficiently effective system of financial flows management. The problem aggravates due to the lack of methodological support for the analysis of financial flows of a consolidated group of companies, providing unbiased information for building a system of financial flows management in line with the objectives of its activity. The article is relevant as it successfully solves the above problem. Objectives The purpose of the study is to develop a technique of qualitative analysis of the financial flows of a consolidated group of companies subject to the conditions of its activities within the formation of an effective financial management system. Methods We conducted the research using logical and functional-structural analyses. Results We summarized approaches to the classification of financial flows of a consolidated group of companies, identified and structured the factors affecting the cash flows of the group of companies. On this basis, we developed methods of a factor analysis of financial flows. The study includes schemes of interconnection of financial flow indicators and a list of underlying factors; a description of the procedure for calculating net cash flows of a consolidated group of companies; an analysis of influence of the mechanisms of financial resource redistribution and settlements with external counterparties on the financial flows structure. Conclusions and Relevance The analysis of the financial flows of a consolidated group of companies requires consideration of many factors influencing the value and structure of financial inflows and outflows, both internal and external. This will enable to build an optimal model to manage the financial flows of a consolidated group of companies.