MANAGEMENT OF FINANCIAL AND CREDIT RISKS AT ENTERPRISES

Abstract

The article is devoted to topical issues of financial and credit risk management at enterprises under martial law in Ukraine. The article considers the essence and importance of the process of financial and credit risk management. Approaches to the definition of the concepts of "risk management" and "financial and economic risks" are analysed. The systematisation of the company's financial activities allowed us to build our own understanding and vision of the principles and approaches to its management by identifying the main areas of targeted impact. The mechanism of financial and credit risk management is studied. The theoretical and methodological basis of the work is a system of general scientific and special methods, namely, systematisation and classification with a view to determining the characteristic features (advantages, disadvantages, specific features of application) of enterprise risk assessment methods, risk management methods and building a classification scheme of enterprise risks as the basis of the mechanism of its risk management; expert assessments in determining enterprise risks. Special attention is paid to the organisation of risk management at the enterprise. Bringing all types of risks into the system and grouping methods of managing them allows the bank to better structure its risk minimisation efforts. The main stages of risk management are defined, with the help of which an enterprise becomes more resistant to unforeseen circumstances, especially to financial and credit risks. The main directions for improving the risk management mechanism for enterprise are proposed. A mechanism for monitoring the financial and credit risks of an enterprise has been built, with the help of which economic entities will be able to respond quickly to unforeseen events. The practical value lies in improving ways to reduce threats to enterprises through integrated risk management. To ensure the financial security of the enterprise, the conceptual provisions of financial risks. A well-built risk management system helps to stabilise the most important strategic and tactical indicators of a company's financial stability.