Lysenko O. Modeling of providing for the adequate level of financing for a firms’ operational period.

The thesis dwells upon investigation into the issue of providing the adequate financing level of firms’ operational period attained by creation of the firm’s special stabilizing surplus fund, accompanied by the fund’s mathematical model, algorithm for its employment and its implementation as computer program. The methodology of the research rests upon combination of the principles and procedures that should serve as the basis of an effective economic instrument for the operating financial risks management. They include: the principle of an enterprise’s equity capital employment; the principle of self-reliance, which presupposes restoring the expended financial resources at the expense of own investments; the principle of creation and employment of an effective mathematical model of attraction, reservation, expenditure and recovery of financial resources. The economic instrument for financial risks management should rest upon the set of procedures, including: operational planning and prognostication; creation of reserves; accumulation of reserves up to the calculated limits; recovery of the outlaid costs at the expense of own sources; withdrawal of the overplus of funds (in case of its accumulation) for the enterprise’s needs. Normally firms tend to give much consideration to generating that kind of reserves that are stipulated by statutory documents. At the same time, in world practice the establishment of a firm’s special stabilizing surplus funds is applied as a tool of handling the financial risks.