Financial policy and financial mechanism

PLAN

1. The essence and types of financial policy.
2. The essence and

What essence and types of financial policy?

1. Financial policy

is activity of the government and other economic

Depending on character and time, financial policy is subdivided on:

- financial

Financial strategy
is long-term measures which solve perspective tasks of social and

The orientation of financial strategy is determined by certain tasks of

Financial tactic

is a system of measures for solving current financial

Depending on the level of the financial system, there are such

The government (state) financial policy includes such types:

Fiscal policy;
Tax policy;
Monetary policy;
Promissory

The characteristic of types of government financial policy:

1. Fiscal policy is

2. Tax policy is the measures in the field of the

5. Customs policy regulates export or import of commodities in a

Financial policy of subjects of management

is the system of measures,

The basic types of financial policy of subjects of management are:

policy

Financial policy of households

is a certain activity of citizens or

What essence and elements of financial mechanism?

Financial mechanism

is a combination of forms and methods of forming

A financial mechanism functions on the basis of such components:

Financial methods are:

- financial providing;
- financial regulation;
- financial planning;
- operative financial

Financial levers

incomes (taxes; no tax incomes)
expenditures;
financial reserve fund;
financial transfers;
financial privileges;
financial sanctions

Financial instruments

tax rates;
rates payments to the state social insurance funds;
rates

Legal providing

are normative acts, which determine the mobilization of financial

3. The characteristic of the methods of the financial mechanism.

The financial providing

is forming of money funds of subjects of

The financial regulation

is a method of the state influence on

3.2. The financial planning

is creation of financial plans on macro

The types of the financial planning:

1. Strategic financial planning (financial plans are

The main methods of the financial planning are:

Method of factors.
Method

1. Method of coefficients

This method is used for revalue of assets; planning

2. Method of norms

The financial indexes are planned on the basis norms

3. Balance method
is used for the concordance of all sections of financial

4. Method of economic-mathematical modelling.
This method determines the influence of

5. Analytical method.

The planned financial indexes are calculated on the basis of

3.3. The next financial method is a operative financial management

Operative

3.4. Financial control

is activity of the authorized bodies, which provide

Depending on subjects, financial control is divided into:
- state financial control;
-

1. State financial control is intended for realization of financial policy

Principles of state financial control:

- Independence, absence of the personal interest of

2. Public financial inspection.

This control is carried out by public organizations,

3. Corporate financial control

do structural subdivisions of enterprises (accountant, manager, financial

4. Audit

This type of control is conducted by auditing firms on

There are such forms of financial control:

1. Previous control is conducted before

Methods of financial control:

• Natural method of financial control is a verification