Financial management. Financial Management Stages of Implementation of the CJS
The term "management" refers to the conscious impact of the subject on the object with the aim of development and improvement. Financial management is a complex process, which is a unity of the managed (objects) and management systems(subjects). Telegina Zh.A. Management of state and municipal finances: teaching aid. - M .: Mosk. Mountains. University of Management of the Government of Moscow, 2012- p.21
The main subjects of financial management in the city of Moscow are: the Department of Finance, the Main Directorate of State Financial Control of the City of Moscow, the Office of the Federal Treasury for the City of Moscow, the Control and Accounts Chamber of Moscow.
Let's consider them in detail.
The Moscow City Finance Department is a functional executive body of the capital subordinate to the Moscow Government.
The main task of the Moscow Department of Finance is to ensure the formation of budgetary and financial policies, as well as the organization of the budget process in the city of Moscow. The Department carries out executive and administrative functions for financial management of the city of Moscow and coordination of activities in this area of city executive authorities.
The Department of Finance carries out its activities in accordance with the Constitution Russian Federation, international treaties, federal constitutional and federal laws, decrees and orders of the President of the Russian Federation, decrees and orders of the Government of the Russian Federation, the Charter of the city of Moscow and the laws of the city of Moscow, other legal acts of the city of Moscow and these Regulations.
The structural territorial divisions of the Department of Finance are financial and treasury departments (FCU) of the administrative districts of the city of Moscow. They are implementing a unified city financial policy on the territory of the respective districts of Moscow.
Structure of the Finance Department: http://www.findep.mos.ru/
H Apparatus under leadership
H Legal Department
H Division public service and personnel
H First department
Ch Moscow City Treasury
Ch Department of Informatization
Office of Budgetary Policy
Office of Taxes and Revenues
Ch Department of the organization of interbudgetary relations with intracity municipalities
Department of Financing of Government Bodies
Law Enforcement Department of Finance
H Division financial security
H Department of accounting and reporting
Internal Control Department
Department of Finance for Education, Youth Policy, Culture and Mass Media
Department of Finance for Healthcare, Physical Education and Social Events
Finance Department social protection population and analysis of social expenditures
Department of financial support of property management
Office of Public Debt and Resource Allocation
Department of Finance for Urban Development
Department of Finance for Industry, Trade and Natural Resources
Department of Financing of Improvement and Transport
Ch Department of Housing and Communal Services Financing and Informatization
Ch Department of interaction with the prefectures of administrative districts, methodology, analysis and set of expenses of the urban economy complex
Office of affairs.
The Main Directorate of State Financial Control of the City of Moscow (Gosfincontrol) is an executive body of the city subordinate to the Government of Moscow, exercising control in the budgetary and financial sphere, as well as state control over the observance of the pricing procedure.
The main task of the Main Directorate of State Financial Control of the city of Moscow is to control the financial activities of state unitary and state-owned enterprises of the city, as well as over the observance by organizations of the pricing procedure and the application of regulated prices in order to determine the legality, targeted nature, effective and effective use funds of the budget of the city of Moscow.
The Office of the Federal Treasury for the city of Moscow (UFK for the city of Moscow) is a territorial body of the Federal Treasury that provides cash services for execution federal budget on the territory of the city of Moscow.
Management, in cooperation with federal and city executive authorities, as well as bodies local government, carries out its activities directly and through the branches of the UFK subordinate to him in the administrative districts of Moscow.
The Chamber of Control and Accounts consists of the chairman, deputy chairmen, experts of the Chamber of Control and Accounts and employees of its apparatus.
The main tasks of the KSP Moscow:
1) control over the legality and validity of drafting the budget of the city of Moscow and the budget of the territorial state non-budgetary fund of the city of Moscow;
2) control over the legality, effectiveness and efficiency of the execution of the budget of the city of Moscow and the budget of the territorial state non-budgetary fund of the city of Moscow, as well as the management of the property of the city of Moscow;
3) assessment of the impact of Moscow city budget expenditures and the budget of the territorial state extra-budgetary fund of the city of Moscow on the social and economic development of the city of Moscow;
4) control over the execution of intracity budgets municipalities in the city of Moscow, receiving inter-budgetary transfers and budget loans from the budget of the city of Moscow;
5) submission to the Moscow City Duma and the Moscow Mayor of information on the results of control and expert-analytical activities in accordance with the procedure established by this Law, informing the city community about the activities of the Control and Accounts Chamber.
The structure of the apparatus of the KSP of Moscow can be represented as follows:
Consolidated Analytical Inspection
Expert Legal Inspection
Information and analytical inspectorate
Linear inspections
Administration
Financial and economic department.
The process of influencing financial processes and financial activities state, municipal authorities, business entities, households to achieve financial sustainability, increasing profits and solving the tasks set for the management.
At good governance financial flows of a specific entity economic activity or the state, it develops, its economic indicators are improving.
The main task that financial management is designed to solve is to achieve stability, financial independence and ensure the required financial result. For the state, this means filling the budget, reducing public debt, reducing dependence on external sources of credit. For enterprises - making a profit, increasing the level of income on invested capital, optimizing costs, increasing liquidity, solvency, etc.
Financial management is inextricably linked with banks, as loans are one of the most affordable and frequently used sources of obtaining financial resources.
Subjects and objects
The objects of management are finances:- states;
- local government bodies;
- business entities;
- households.
If we consider the state, then its financial apparatus is endowed with legislative and executive powers. For local self-government bodies, it includes representative and executive bodies. As for business entities, their financial apparatus depends on the organizational and legal form, its powers are indicated in constituent documents... Households themselves act as the financial apparatus of households.
Functions and methods of financial management
The main task of financial management is to ensure financial stability, to provide the facility with financial resources to achieve the desired result.The main functions of financial management include:
- financial forecasting;
- the financial analysis;
- operational management of finances;
- financial forecasting;
- planning the allocation of financial resources;
- accounting of financial resources.
- Economic - these include fiscal policy, coordination of financial resources, financial regulation, etc.
- Administrative - these include financial management, depreciation system, financial sanctions, etc.
