MANAGEMENT AS A FUNCTION OF SUSTAINABLE FINANCIAL STABILITY OF PUBLIC ENTERPRISES AND INSTITUTIONS.

Modern public companies and institutions can create and developing their comparative advantages only through adequate application of the management system. Considering the importance and role of companies and corporations, as the most important institutional forms of organizing enterprises, it is clear that they need both good management and a well-established system of corporate management. With the development of the market economy, which conditions a new way of doing business for public companies and institutions, and thus an important role in the approach to financial management, there have been changes in the basic economic settings and criteria for successful management and business, especially financial flows. Domicile public companies need to adapt to new changes, because the market economy favors financially stable companies. Only financial stability represents the final term of the ability of a company in transition to function in a turbulent market environment. Based on this fact, the paper deals with the practical treatment of this problem and the key analytical indicators of the financial position, as well as the property and income position of Mine and thermal power station Ugljevik a.d. Ugljevik. The goal of the research is to indicate to what extent management is a function of sustainable financial stability and liquidity, as well as to evaluate the quality and ability of management to effectively manage the finances of this company. management, financial management, financial stability. [ABSTRACT FROM AUTHOR]