MANAGEMENT OF MONETARY CAPITAL OF ORGANIZATION: THEORY AND METHODOLOGY
Today, organizations, on the one hand, have a wide range of opportunities for building and increasing their monetary capital, but on the other, they function in conditions of the growing quantitative and high-quality influence of factors on the value and structure of monetary capital. Monetary capital as the key resource necessary for the performance of an organization is the subject of research in this article. The purpose of the research is to develop a theory and methodology of management of monetary capital in an organization in modern conditions. The research is conducted with the use of such methods as analysis, synthesis, generalization. The author received the following results of the conducted work. Analysis of modern economic scientific literature shows a lack of a uniform approach to the concept of monetary capital of an organization and to the structure of its elements. Proceeding from this the author suggests his own approaches to the treatment of the scientific term “monetary capital of an organization”: element-based, accounting, resource and target approaches. There is a need to use the expanded treatment of the concept of monetary capital of an organization for the sake of increasing the effectiveness of its management. The author identifies the following approaches to structuring monetary capital of an organization: financial, cost-based, theoretical and expert ones. Special attention is paid to government support of organizations as to an element of their monetary capital. The need of taking into account the influence of external and internal factors when forming monetary capital of organization is proved. The author's treatment of the concept “monetary capital of organization” and the specification of its purpose is presented. The article presents the author's position on management of monetary capital of an organization: an algorithm consisting of four consecutive stages of management of monetary capital of an organization is given; application of this algorithm can increase the quality of financial management and improve its monetary capital. Conclusions and recommendations received as a result of the research have both theoretical, and practical importance.