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In modern conditions of management, the value of an enterprise becomes the main indicator, which is learned not only by scientists, but also by owners of enterprise and potential investors. Current assets take a very important place among the factors that affect the value of an enterprise, so management of current assets becomes more acute from the point of their impact on enterprise value. The purpose of the paper is to develop a system of value-based management of corporate construction companies' current assets. The main tasks are: the study of current assets impact on the value of corporate construction companies, the definition of value-based approach to managing current assets of corporate enterprises and development of value-based management system of corporate construction companies' current assets by elements. General scientific and special research methods were used while writing the work. Value-based management of current assets involves value-based management of the elements of current assets. The valuebased inventory management includes the following stages of management: the assessment of reliability and choice of supplier according to the criterion of cash flow maximization, the classification of stocks in management accounting according to the rhythm of supply and the establishment of periodicity of supplies in accordance with the needs of the construction process. The value-based management of accounts receivable includes the following stages of management: assessment of the efficiency of investment of working capital into accounts receivable, the assessment of customers' loyalty and the definition of credit conditions and monitoring of receivables by construction and debt instruments. Value-based cash management involves determining the required level of cash to ensure the continuity of the construction process, assessing the effectiveness of cash use according to the criterion of maximizing cash flow, as well as budget formation and control of cash flow. Value-based management of current assets of corporate construction companies is the development of targeted actions to optimize inventories, accounts receivable and cash, in order to ensure cash flow generation, and, accordingly, increase the value of the enterprise, which will ensure the growth of the welfare of owners. Applying a value-based approach to the management of current assets of corporate enterprises in the construction industry will allow reducing costs and net working capital of the enterprise by optimizing the size of inventories and receivables, which will lead to an increase in cash flow and value of enterprises.Keywords: current assets, value-based management, corporate construction companies, cash flows, net working capital, inventories, accounts receivable, cash. IntroductionThe cost of an enterprise in the modern conditions of management becomes the main indicator, which interested not only scientists, but also owners of the enterprise and potential investors. Profit, which characterizes the efficiency of the enterprise at...

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Шаповал Г.м. к.е.н., доцент кафедри фінансовоекономічної безпеки, обліку і аудиту Харківський національний університет міського господарства імені О.М. Бекетова чех н.о. к.е.н., старший викладач кафедри фінансово-економічної безпеки, обліку і аудиту Харківський національний університет міського господарства імені О.М. Бекетова munities, especially in the field of financial management, remain outstanding. Current legislation, which addresses the issue of decentralization and local self-government, requires improvement and resolution of a number of contradictions. The purpose of the work is to isolate and characterize the main legal acts regulating the activity of the united territorial communities and determine the preconditions for the development of capable territorial communities. In the course of the study, methods of system-structural and abstract-logical analysis and synthesis and scientific substantiation were used. The current legislation on local self-government is analyzed. The peculiarities of the organization of the activity of the united territorial communities and their financial support are investigated. A number of shortcomings and contradictions in the legislative acts concerning the powers of territorial communities and their financial support are revealed. It is because of these regulatory imperfections that not all united territorial communities have sufficient financial, infrastructure and human resources to address local issues of community interest. Thus, the need arises to create the proper legal conditions for the development of effective territorial communities that can, on their own and at their own discretion, realize the inquiries and interests of their inhabitants, more efficiently and promptly than state bodies, to solve issues related to raising the level and quality of life of inhabitants their territories, thus ensuring the municipal rights of territorial communities. This, in turn, requires the development of an organizational and legal mechanism for financial management of the development of territorial communities.

Харківський національний університет міського господарства імені О. М. Бекетова, Україна ДОСЛІДЖЕННЯ ВЗАЄМОЗВ'ЯЗКУ МІЖ ЕФЕКТИВНІСТЮ УПРАВЛІННЯ ОБОРОТНИМИ АКТИВАМИ І ВАРТІСТЮ БУДІВЕЛЬНИХ ПІДПРИЄМСТВ У статті досліджено вплив управління оборотними активами будівельних підприємств на величину грошових потоків, і відповідно на вартість підприємств при її розрахунку за допомогою доходного підходу, розраховано необхідність кількісної зміни запасів для досягнення бажаної зміни грошового потоку, а також визначено вплив процесу управління дебіторською заборгованістю на вартість підприємства.