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Working Capital and Financial Policy at Different Stages of an Organization's Life Cycle

Student: Dmitriy Zolkin

Supervisor: Alexander V. Voyko

Faculty: Graduate School of Business

Educational Programme: Business Administration (Bachelor)

Year of Graduation: 2021

Working capital and financial policy are fundamental concepts in the functioning of an organization. The deterioration of the macroeconomic environment and the growth of bankruptcies of dairy enterprises in the 2010s have shown the need for an additional assessment of the use of financial policies and working capital of these organizations. The purpose of this work is to create recommendations for the management of working capital and financial policy of an organization at different stages of its life cycle. The work is based on the analysis of 3 dairy processing enterprises that are on different stages of the life cycle and includes a study of the concepts of financial policy, working capital, their relationship with the life cycle of an organization, assessment of accounting parameters, determination of the life cycle stage for each of the organizations, assessment of financial policy management. The work includes recommendations for dairy enterprises on the use of working capital at different stages of the life cycle. The results of the work are recommendations for monitoring accounts receivable and assessing the level of working capital, increasing the level of profitability, assessing the business model, and reducing the share of borrowed funds at different stages of the life cycle.

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