Specific features of managing finances of integrated corporate structures

The article considers specific features of managing finances of integrated corporate structures. It summarises approaches and provides own understanding of a corporation, essence of corporate management, definition of the integrated corporate structure (ICS) and finances of the ICS as economic relations with respect to formation, distribution and use of financial resources of legally independent subjects of economic activity, which are a part of the ICS and each of which has own interests, nevertheless, their common activity complies with a common goal of the ICS. It provides results of the study, which defines management of financial resources of the ICS as a process of influencing upon financial relations of the ICS with the purpose of changing them in accordance with priority directions of activity of the ICS, including through the use of financial management. It states that financial management of the companies of the corporate structure (CCS) could be defined as a complex practical influence on the personnel of financial services of the CCS, which are parts of the ICS, with the purpose of development and realisation of managerial decisions, directed at the most favourable formation, distribution and use of financial resources of the ICS under control of the main company of the ICS. It emphasises a necessity of co-ordination of management of financial resources of the companies of the corporate structure.