Lucia Lizarazu


Financial management is an activity planning, budgeting, audit, management, control, search and storage of funds held by an organization or a company. The object of study of operational financial management is the financial category working capital, in which financial decisions materializes in short term. The theory of operational financial management focuses precisely in this category and the influence of proper management of its components on the risk and profitability of an organization. This research work is a theoretical analysis of the operational financial management from a Marxist perspective: the consistencies and inconsistencies exist between the major economic categories are identified; and they are reflected as the linkages between the cash cycle of financial management and operational phases of the industrial capital of Marxist theory. Finally, the validity and necessity of the application of the theory of operational financial management in a socialist economy is explained.


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working capital, cash cycle, phases of industrial capital, Marxist theory


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