FINANCIAL PERFORMANCE MANAGEMENT OF AGRICULTURAL ORGANIZATIONS

Abstract

In market conditions, in the process of management, each organization is interested in obtaining a positive result from its activities, since due to the value of this indicator, the organization can increase its productivity, financially motivate staff, pay dividends to shareholders, etc. Financial result is a concept that reveals an indicator of the analysis and evaluation of the effectiveness (inefficiency) of the process of activity of an economic entity at certain stages of its formation. Under the general financial result, it is customary to understand the amount of the result in the form of profit or loss received from the sale of products, works performed, services rendered, the result of financial activities (interest received and paid), operating activities (income and expenses), income and expenses from other non-operating operations. It is important for any organization to get a highly effective result from its activities. Thanks to the positive financial result, the organization has the opportunity to increase its production processes. It can be said that for any economic entity, obtaining a financial result means the so-called acceptance by the environment (market) of the results of its production activities or obtaining results from the process of selling manufactured products, works or services rendered.