Theoretical aspects of the controlling over an enterprise’s financial and economic activity

Abstract

Introduction. In a market economy, the control system is considered as an important tool for the successful activity of an enterprise. That is why the analysis of modern definitions of the “control” concept based on various key features together with the identification of their peculiarities is especially important and will help to identify the main ways to establish and to improve an effective controlling system. The purpose of the paper is to justify the theoretical aspects of the concept of control over the financial and economic activities of the enterprise. Results. The article is devoted to the investigation of the theoretical aspects of the concept of control over the financial and economic activities of an enterprise. Based on the systematization of the views of most authors, it was found that today there is no universally accepted definition of the concept of control over the financial and economic activities of an enterprise. Most researchers consider the concept of control based on different key features. As a result of a critical analysis of modern researches, the authors identified a set of advantages and disadvantages in the reviewed concepts of control over the financial and economic activities of an enterprise. According to the results of the study, it is determined the need for considering control over the financial and economic activities of an enterprise as a special scientific concept according to the research method of its specific subject. Conclusion. The economic content, the subject and the method are the common ground that unite all types of financial and economic control. However, each of these components, in its turn, has its own field of application and own specifics, which determine the classification of financial and economic control into types depending on its subjects. The variety of definitions of the concept of control shows the importance and at the same time the complexity of the reviewed concept. The main differences in the definitions of control are focused on the features of its types, since their characteristics make it possible to highlight the signs of a particular case, as well as the control itself. The generalization and systematization of the theoretical foundations on this issue has its practical value and will help to identify the main ways to improve and establish an effective control system.