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The aim of the study is to present the diversity of financial liquidity of the wood industry in Poland in 2006-2012 and to identify the strength and direction of impact of selected factors influencing the variability of financial liquidity. The conducted analyses have proven that wood industry enterprises, regardless of their size and adopted measure, had the ability to meet their current liabilities, although this capacity remained at a fairly low level. In turn, the causal factor analysis has indicated that changes in the level of financial liquidity, measured by static indicators, were in the wood industry largely determined by changes in the structure of current assets and by changes in the degree of coverage of current liabilities with assets.
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Model of financial controlling

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Financial controlling is the subsystem of the enterprise controlling, which main task is to ensure the liquidity of the company at the simultaneous regard of profitability aims in any moment. The aim of this paper is to analyse the theoretic and practical approaches to the fundamentals, place, roles, and functions and to the contents of the financial controlling. From this analysis of the work of domestic and foreign authors we suggested our own approach to the problem of financial controlling and its schedule of implementation to the small and medium-size wood-processing enterprises. The proposed model is integrated to the subsystem of the operative controlling and puts accent to relations among single subsystems of controlling.
Analysis of capital usage is of primary importance in the course of company evaluation concerning its financial credibility. In order to determine a demand for working capital, both external and internal conditions that influence the economic activity of an enterprise should be taken into consideration. Working capital constitutes the difference between the value of current assets and current liabilities. The following coefficients are applied in the course of working capital analysis; current financial liquidity, itensity of working capital usage and payment of liabilities. Evaluating the degree of satisfying a demand for working kapital includes; the ratio between working capital and average position of inventories and receivables, as well as the ratio between working capital and monthly sale income. What follows, a demand for working capital is established on the basis of two parametres, ie a demand for current assets minus current liabilites (to employees, deliverers, budget), A proper amount of working capital guarantees financial liquidity of a company.
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