FEATURES OF CENTRALIZED MANAGEMENT OF THE FINANCIAL RESOURCES OF LARGE CORPORATIONS FOR EXAMPLE COMPANIES OIL AND GAS COMPLEX
https://doi.org/10.21686/2500-3925-2014-2-72-78
Abstract
The article focuses on the need to centralize corporatefinancial management, examines the difficulties faced bylarge companies in the fi eld of financial management in theapplication of traditional control systems. It proves that forthe optimal management of the financial resources of oil and gas companies a single centralized treasury shouldbe used. The experiences of Cash Management andCash Pooling systems, which are the main tool for centralized management of cash flow Corporation. Examplesof active Cash Pooling system for Russian participants:Russia’s largest oil and gas companies Lukoil, Rosneft and Gazprom.
About the Authors
Vitaly Yu. Zaitsev
Moscow State University of Economics, Statistics and Informatics (MESI), Yaroslavl branch
Russian Federation
Russian Federation
Yurii I. Fedchishin
Moscow State University of Economics, Statistics and Informatics (MESI), Yaroslavl branch
Russian Federation
Russian Federation
References
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Review
For citations:
Zaitsev V.Yu., Fedchishin Yu.I. FEATURES OF CENTRALIZED MANAGEMENT OF THE FINANCIAL RESOURCES OF LARGE CORPORATIONS FOR EXAMPLE COMPANIES OIL AND GAS COMPLEX. Statistics and Economics. 2014;(2):72-78. (In Russ.) https://doi.org/10.21686/2500-3925-2014-2-72-78
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