KEY ELEMENTS OF INTERNAL ECONOMIC CONTROL IN MODERN ENTERPRISES

Abstract

The article examines the essence of the concept of internal control as a key element of modern enterprise management. It is determined that internal control is carried out at different stages of the production process and ensures the timeliness of management decisions. The main goals and objectives of the internal control system are studied, which include assessing the actual state of the management object, rational use of resources, ensuring that the enterprise’s activities comply with the strategy, compliance with legislation and organizational regulations. The functions of internal control are characterized, including informational, motivational, regulatory, analytical, prognostic, communication and standardization functions. The close interaction of control with planning, accounting, analysis and regulation is emphasized. The main areas of internal control are revealed: internal production, control over the preservation of property, over the reliability of information, over the efficiency of resource use and legal control. It is proven that internal control is a complex, multifunctional system necessary to ensure management effectiveness, increase production efficiency and create conditions for sustainable development of the enterprise. The definitions of scientists considered in the article indicate the multifaceted nature of internal economic control, which covers both financial and economic activities as a whole and the work of individual responsibility centers. The internal economic control system integrates such key functions as information, motivational, regulatory, analytical, prognostic, standardization and communication functions, which allows ensuring full interaction between management units and maintaining an appropriate level of enterprise management. Implementation of internal economic control at all stages of the production process contributes to increasing the validity of planned indicators, optimizing costs, ensuring the preservation of property and compliance with legislative requirements. An important component of internal economic control is the reliability of the information received, since it forms the basis for analysis and further strategic planning. Thus, internal economic control is not just a verification tool, but a comprehensive system of management measures aimed at achieving the strategic goals of the enterprise. Its effective functioning ensures the competitiveness of the business entity, creates conditions for stable development, promotes the rational use of resources and improves the quality of management decisions. In modern conditions, it is a flexible and perfect system of internal control that becomes one of the main factors of the economic stability of the enterprise.