Operational financial management (OFM) of entrepreneurship is a system that allows economic entities to: control their income and expenses; plan future expenses and investments; maintain small accounting for an entrepreneur; analyze the financial efficiency of your activities; if necessary, it is possible to provide reports to government statistics and tax authorities; make informed decisions for the development of production.
The main purpose of applying operational financial management
is: training business representatives in the basics of FFA and providing them with practical tools for its application.
The main objectives of our proposals are: definition of the basic concepts of general educational functions; show how to use the OFU system; provide practical tools for general financial institutions, such as a business plan for production development, calculate feasibility studies for obtaining loans from the bank; the ability to plan your activities based on your goals and objectives of the economy, as well as ways to achieve them.
Independently analyze your activities, study the financial condition of your farm and identify problem areas. Carry out independent monitoring of your activities, monitor budget implementation and make adjustments to your actions if necessary. Keep records of timely repayment of borrowed resources.