Any financial relations are objective in nature and arise in connection with the need to meet the needs of social production. All types of financial relations are mediated by a financial mechanism.
The forms and types of financial relations at this stage of the development of society are characterized by a rather great variety, which is explained by the constant complication of economic relations and the increasing influence of the state on the course of the economic process.
Financial management is the targeted impact on them by management entities. In this case, the management objects are various types of financial relations that form the financial system. The subjects of management are financial management bodies (the so-called financial apparatus).
Management of financial relations is carried out on the basis of financial policy, which is multifaceted in content and directly related to the activities of business entities in the implementation of their economic interests.
Finance in the monetary system is associated with credit, pricing and other areas. The main task in the development of financial relations in the Russian Federation is related to the need to strengthen the foundations of the economy, strengthen democratic principles in the social sphere and strengthen the state in managing financial processes.
Financial relations are formed in all sectors of the economic life of society at the stage of value distribution. Different types of financial relations exist, first of all, between citizens and economically independent units of managing with the state (payments to the budget and extra-budgetary funds, budget financing). In addition, financial relations exist between the state and organizations acting as its creditors in the domestic and foreign financial markets. The relations of state bodies and self-government in the provision of mutual financial assistance are also financial relations. This category also includes the relations of economic entities regarding the payment of fines, penalties, interest, between enterprises and employees in the payment of salaries, material assistance, etc.
All types of financial relations form a unified system of the country's finances. Since financial relations mediate the movement of capital, income, and other funds of enterprises, by this criterion they can be divided into several groups. This is the relationship of enterprises with the state, other enterprises (contractors), financial intermediaries (foreign exchange, stock exchanges, banks, insurance companies, etc.). Inside the enterprise itself (between structural divisions and personnel), within individual associations, organizations, between enterprises and investors (participants, shareholders, owners).
The state largely contributes to the diversity of relations in the field of finance, developing new forms of their use. They are established in accordance with the main tasks for the development of the country's economy at this historical stage.
Financial relations are necessary for the objective development of economic relations and are the main tool for implementing state policy in the field of financial relations.
All types of financial relations are characterized by some common properties that allow them to be assigned to separate groups depending on whether they participate in social reproduction, provide insurance coverage for it, or ensure state regulation of the economy and the social sphere. Under such groups understand the sphere of relations, mediating the functioning of business entities, municipal and state administration, insurance.