Abstract:

Treasury is one of the oldest financial institutions of Russia with a long history of creation and reforms. Managing budget funds is the state’s treasury basic function, which includes control over budget revenues and expenses as well as operational activities to fulfill a budget plan, to place the balance on budget accounts and to cover budget deficits. State treasury’s fundamental functions are the backbone of treasuries’ operations at those companies that were forced by economic conditions to create special departments to cushion the fallouts of currency and other crises. Leasing companies’ financial operations cover all functions of a corporate treasury – the search for financing to acquire leasing property, cash flow management, control over payables and receivables, compilation of cash schedules, cash management, etc. Our research considers the stages of corporate treasury development in Russia, suggests the use of cash pooling − a system to manage cash of a group of companies on a united bank account, discusses its types and recommends a methodology of cash pooling accounting in leasing companies. Our results can be useful for leasing companies with corporate treasury operations.