Universal Journal of Accounting and Finance Vol. 9(4), pp. 773 - 782
DOI: 10.13189/ujaf.2021.090423
Reprint (PDF) (487Kb)


Theory for Financial Controlling in Corporations in the Modern Environment


Viktoriya Valeryevna Manuylenko 1,2,*, Marianna Aslanbekovna Shebzukhova 1
1 Institute of Economics and Management, Department for Finance and Credit, North Caucasus Federal University, 1 Pushkin str., Stavropol, Russia
2 Faculty for Regional Development, Department for Regional Economics, Russian Technological University, Stavropol Branch, 8 Kulakov Prospect, Stavropol, Russia

ABSTRACT

Lack of theoretical and methodological grounds to formulate essential characteristics of "financial controlling" in corporations makes it difficult to efficiently conduct it in practice. It is believed that the conceptual terminology and definitions should be reflected in the methodological toolkit that determines corresponding values. Accordingly, determination of the economic content, classification of the types, forms and methods of financial controlling in corporations are the necessary elements for building methodological basis for its conduct. In this regard, it is important to correctly formulate theoretical and methodological provisions of the financial controlling in corporations and take into account development of economy. All this underlines relevance of this study. The purpose of this study is to substantiate potential development areas for the existing methodological tools related to "financial controlling" in corporations revealing economic, essential and substantial characteristics of the concept. Based on the general scientific and special methods, such as inductive, deductive, analysis, synthesis, system thinking, detailing, generalization, grouping, formalization, abstract-logical, the essence of the concept of "financial controlling" in corporations was identified considering theoretical and methodological approach. The theoretical provisions are expanded and improved for classification and interconnection of different types and forms of financial controlling. The theoretical and methodological synergetic links of the concepts related to the financial controlling, as well as its types, forms, and methods are characterized, which will provide the ground for development of methodological toolkit for its successful implementation in the future.

KEYWORDS
Digital Controlling, Self-control, Risk Controlling, Alternative Types, Special Methods

Cite This Paper in IEEE or APA Citation Styles
(a). IEEE Format:
[1] Viktoriya Valeryevna Manuylenko , Marianna Aslanbekovna Shebzukhova , "Theory for Financial Controlling in Corporations in the Modern Environment," Universal Journal of Accounting and Finance, Vol. 9, No. 4, pp. 773 - 782, 2021. DOI: 10.13189/ujaf.2021.090423.

(b). APA Format:
Viktoriya Valeryevna Manuylenko , Marianna Aslanbekovna Shebzukhova (2021). Theory for Financial Controlling in Corporations in the Modern Environment. Universal Journal of Accounting and Finance, 9(4), 773 - 782. DOI: 10.13189/ujaf.2021.090423.