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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.
Social responsibility as a means towards sustainability in timber industry. Concerns about social responsibility have become an increasingly high profile issue in many countries, industries and businesses. The forest industry is one of the most sensitive sectors paying the crucial role in global sustainable development due to its unique role in industrial development, globalization of economy and increase of social awareness about forest and timber business. The main purpose of the article is to approach theoretically the SR strategy in timber industry by taking into consideration legal and ethical, reputational and social points of view. The second - is to give a simple overview how SR is implemented by the Polish company registered in the Warsaw Stock Exchange. The website of companies registered on the Warsaw Stock Exchange is recognized as a reliable and valuable source of information due to the WSE strategy based on the principles of corporate social responsibility. As a main conclusion of the examination one may stress that although the data gathered in this article is not adequate enough the Polish timber industry does not perceive the sustainability as its major objective. The companies accept only legal requirements and standards. If they carry out socially responsible activities, it is due to a necessity to be visible and perceived as a liable organization.
Wood industry has significant position worldwide. However, even on this type of industry has major impact the current worldwide recession, which has dramatically affected whole forestry and wood industry enterprises. Demand has been reduce at home and in foreign country. Therefore for wood industry enterprises is important initiate measure to the increase in wood consumption and its efficient processing. One of the verified options, how to respond flexibly to market, is application of the project management in business practice. In Slovak republic is still a low percentage of enterprises, which systematically apply principles of the project management. Maturity level of project management is low, especially in small and medium-sized enterprises and this is also due difference of used methods and methodologies.
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