Financial Mechanism of Road Transport Companies in the Financial Management System: Theoretical Aspect

The war in Ukraine has had a destructive effect on the economic activity of road transport companies, the organization of their financial relations, the management of financial resources, and, therefore, on the financial mechanism. The article aims to reveal the essence of the financial mechanism of road transport companies in the financial management system. The authors investigated and summarized the main approaches to revealing the essence of the financial mechanism. It was found that the financial mechanism is considered 1) a means of influence and 2) a financial management system. The article defines financial mechanism taking into account the purpose and principles of the functioning of state finances and the finances of economic entities in combination with the final results achieved through financial support and financial regulation - functions that create a relationship between the financial mechanisms of the micro and macro level in the system financial management. In addition, an essential component of the financial mechanism is a system of financial instruments and indicators of primary (national and local taxes and fees, a single contribution, etc.) and secondary influence (subsidies, bank loans, etc.), thanks to which its primary functions are realized. The authors propose considering the financial mechanism of road transport companies in the financial management system in a broad and narrow sense. In a broad sense, the financial mechanism of road transport companies manages financial resources. In a narrow sense, the financial mechanism of road transport companies is connected, firstly, with the internal option, which concerns the organization of financial relations, and, secondly, with the external option, which involves a set of forms and methods of external and internal influence for the formation, accumulation and use of financial resources. The results of the study show that although the financial mechanism of road transport companies has its characteristics, it is interconnected with the financial mechanism of the state. So, any changes in the latter will affect the components of the first.