Scientific works in the theories of finances and credit, in line with the specification of the study object, are characterized to be many-sided and many-leveled.

The definition of totality of the economical relations formed in the process of formation, distribution and usage of finances, as money sources is widely spread. For instance, in “the overall theory of finances” you will find two definitions of finances:

1) “...Finances reflect economical relations, formation of the funds of money sources, along the way of redistribution of national receipts in line with the distribution and usage “.This definition is given relatively to the conditions of Capitalism, when cash-commodity relations gain universal character;

2) “Finances represent the formation of centralized ad decentralized money sources, economical relations relatively with the distribution and usage, which serve for fulfillment of their state functions and obligations and also provision of the conditions of the widened further production “.This definition is brought without showing the environment of its action. We share partly such explanation of finances and think expedient to make some specification.

First, finances overcome the bounds of distribution and redistribution service of the national income, though it is a basic foundation of finances. Also, formation and usage of the depreciation fund which will be the section of financial domain, belongs never to the distribution and redistribution of the national income (of newly formed value during a year), but to the distribution of already developed value.

This latest first seems to be an integral part of value of main industrial funds, later it’s moved to the fee price of a ready product (that would be to the worthiness too) and following its realization, and it’s set the depression fund. Its source is taken into consideration in advance as a depression kind in the consistence of the ready products cost price.


Second, absolute goal of finances is a lot wider then “fulfillment of the state functions and obligations and provision of conditions for the widened further production “.Finances exist on their state level and also on the manufactures and branches’level too, and such conditions, when probably the most part of the manufactures are not state.

V. M. Rodionova features a different position about that subject: “real formation of the financial resources begins on the stage of distribution, when the worthiness is realized and concrete economical forms of the realized value are separated from the consistence of the profit “.V. M. Rodionova makes an accent of finances, as distributing relations, when D. S. Moliakov underlines industrial foundation of finances. Though both of them give quite substantiate discussion of finances, as something of formation, distribution and usage of the funds of money sources, that comes out from the following definition of the finances: “financial cash relations, which forms along the way of distribution and redistribution of the partial value of the national wealth and total social product, is related with the subjects of the economy and formation and usage of the state cash incomes and savings in the widened further production, in the material stimulation of the workers for satisfaction of the society social and other requests “.