Development of the theory of financial management: main stages and modern transformation

Abstract

The relevance of the study is related to the fundamental role of financial management in the economic activities of the company. To build an effective financial management system in order to make the right management decisions in the field of finance, it is necessary to select a financial management concept that meets internal needs and external conditions. Therefore, the hypothesis of this study is that choosing an appropriate financial management concept as a fundamental business idea will ensure the company's financial sustainability in the long term. To determine the most optimal concept, the article examines the main theories of financial management and defines their essence and content.