MODELS, STAGES AND INFORMATION BASE OF FINANCIAL CONDITION ANALYSIS IN THE PROCESS OF ENTERPRISE MANAGEMENT

The article points to the need to build a system of accounting and analytical support for sustainable development, which will be a reliable information base for making effective management decisions. It is determined that the system includes an accounting subsystem, the basis of which is financial accounting. The purpose of financial accounting is to ensure the preparation and disclosure of information about the financial condition and results of the enterprise, which are related to economic, environmental and social aspects of the activity. The content of the component composition of financial accounting is analyzed. The methodological, organizational, methodical and technological aspects of the study of financial accounting are revealed, which provide an opportunity to establish its reserves as an information resource for the management of sustainable development of the enterprise. The information possibilities of financial accounting for the purposes of enterprise management are defined.

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MODERN PROBLEMS OF ACCOUNTING AND ANALYTICAL ENSURING FINANCIAL RESULTS MANAGEMENT

10.32782/2224-6282/159-20 ◽

2020 ◽

Author(s):

Yuliia Peniak ◽

◽

Nataliia Horokhovatska ◽

Keyword(s):

Performance Management ◽

Enterprise Management ◽

Goods And Services ◽

Financial Condition ◽

General Evaluation ◽

Net Profit ◽

Business Entities ◽

Results Management ◽

Main Components ◽

The Impact

The main purpose of any enterprise in the market economy is to obtain high financial results. One of the main conditions for the effective functioning of the enterprise is ability to generate profit in the amount that will create the financial basis for further development and expansion of the enterprise, comply with social and material needs, ensure competitiveness in the market of goods and services. The need for accounting and analytical management of financial results stems from needs of owners, the state and employees in information that will enable them to identify patterns and trends in financial results, identify and assess the main factors influencing the process of their creation, distribution and usage, identify reserves and thus increase the level of profitability. Despite the significant scientific contribution in the field of research of financial results of the enterprises, the issue of improvement aims to the accounting and analytical maintenance of management of financial results of the enterprise remains actual. That is why the purpose of the study is to substantiate the theoretical and practical aspects and develop approaches to improving the mechanism of formation of accounting and analytical support for the management of financial results of the enterprise. Accounting and analytical management of financial results of the enterprise is a set of interconnected elements of production and management system, activities carried out by the subject of management, creation of a certain structure, as well as collection, accumulation, storage and analysis of information necessary for effective operation of the enterprise. The main components of the study of accounting and analytical support of financial performance management are the formation of methods of analysis, control and forecasting of financial results, which requires specification of the components of the analytical and controlled process within the organizational and information model. Namely, the formation of reliable information about the financial condition of the enterprise, the analysis of economic indicators of the enterprise is of great importance in the system of general evaluation of business entities. Their research makes it possible to assess the dynamics of the structure of income and expenses, to determine the impact of factors on the company's profit from various activities, as well as to find reserves to increase the net profit of enterprises. Thus, the improvement of accounting and analytical support of enterprise management is based on the use of modern forms, methods and principles that place new demands on the formation of unbiased, complete, timely, clear and useful accounting and analytical information about the enterprise and its financial results.

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DIRECTIONS FOR DEVELOPMENT OF ANTI-CRISIS FINANCIAL MANAGEMENT

International scientific journal Internauka Series Economical Sciences ◽

10.25313/2520-2294-2020-11-6575 ◽

2017 ◽

Author(s):

Liubov Iarova ◽

Keyword(s):

Financial Management ◽

Financial Stability ◽

Enterprise Management ◽

Factors Affecting ◽

Financial Condition ◽

Flexible Response ◽

Relevant Topic ◽

Potential Risks ◽

Negative Factors ◽

Theoretical Foundations

For continuous performance, enterprises should not only take into account potential risks and existing negative factors, but also develop methods and principles that allow timely and flexible response to crisis occurrences, as well as determine the recovery stages in an already deteriorated financial condition. Given tasks are solved by anti-crisis financial management, designed to increase the efficiency of enterprise management and facilitate the equalization or improvement of an economic entity’s financial stability, therefore, the directions of its development are a rather relevant topic in a market economy. The article examines the theoretical foundations of anti-crisis financial management, the main factors affecting the emergence of a crisis state at an enterprise, discusses the need for its development, and provides factors that determine the effectiveness of the implemented anti-crisis policy. Identifying the need to improve anti-crisis financial management and decision-making on its implementation are accompanied by an analysis that takes into consideration possible risks and costs, which determines the expected effect. The author generalizes and indicates the main principles and stages of anti- crisis management.

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Assessment of the level of economic security of forestry enterprises in the Ukrainian Polisia zone

Economics ecology socium ◽

10.31520/2616-7107/2020.4.2-6 ◽

2020 ◽

Vol 4 (2) ◽

pp. 52-67

Author(s):

Larysa Cherchyk ◽

Alexander Shubalyi ◽

Nina Khumarova ◽

Artur Cherchyk

Keyword(s):

Economic Security ◽

Forest Area ◽

Enterprise Management ◽

Economic Activities ◽

Management Decisions ◽

Additional Information ◽

Financial Condition ◽

Technological Base ◽

Forest Enterprises ◽

Security Indicators

Introduction. Under such conditions, the problem of assessing the economic security of enterprises is actualized, which is designed to identify threats that arise in the competitive environment and the internal environment of the enterprise, to identify strengths and weaknesses in the activities of the enterprise, on the basis of which management decisions are made at the strategic level, to prevent negative situations at the operational levels of enterprise management. Aim and tasks. The purpose of the study is to assessing the economic security of forest enterprises in the Ukrainian Polissya region. Objectives of the study: generalization of scientific approaches to assessing the economic security of enterprises; determination of criteria for assessing the economic security of forestry; development and testing of methods for assessing the economic security of forestry in the Ukrainian Polissya region. Results. The calculations show a high and sufficient level of economic security in the studied forestry enterprises. However, there is a decrease in financial security indicators, which requires the adoption of current and strategic management decisions to improve financial results and improve the financial condition of forestry enterprises. The main problem is the inefficient structure of exports, namely the predominance of products with low benefit and insufficient investment in the development of technical and technological base. The proposed system of criteria and indicators can be significantly expanded depending on the ability of researchers to obtain additional information about the economic activities of forestry enterprises. Conclusions. A proposed method of assessing the level of economic security of forestry enterprises, which provides for determining the compliance of the current state of the business entity development goals (desired state), provides for the use of traditional indicators covering the main areas of economic activity of forestry enterprises. It is only important that the sample of forest enterprises is formed on the basis of belonging to the common forest area, similarity of forest area and forest area of these enterprises, as well as other factors that researchers may consider essential for the choice.

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The role and significance of diagnostics of the financial state of the enterprise in modern condition

Economics. Finances. Law ◽

10.37634/efp.2020.10(2).1 ◽

2020 ◽

pp. 5-8

Author(s):

Tetiana PIZNIAK ◽

Diana KHOMIAK

Keyword(s):

Financial Analysis ◽

Negative Impact ◽

Enterprise Management ◽

Analysis And Evaluation ◽

Financial Condition ◽

Financial Difficulties ◽

Rational Diagnosis ◽

Definition Of ◽

The Right ◽

Theoretical Foundations

Introduction. Achieving the key goals of the business object is possible through timely and rational diagnosis of the financial condition of the enterprise. To date, the company's management faces many questions to assess the financial condition. Therefore, the definition of the essence, the description of the factors of formation and the definition of ways to increase the financial result of the enterprise is one of the relevant areas of research. The purpose of the paper is to determine the theoretical foundations and practical approaches to the analysis and evaluation of the enterprise. Results. The mechanism of financial diagnostics of development and safe activity should be built in such a way that the negative impact of different types of destructive factors can be detected and quickly eliminated through regularity and verification. Assessment of a set of indicators makes it possible to identify factors that directly affect the financial condition of the enterprise and timely make the necessary management decisions to improve it. Diagnosing the financial condition and sustainability of the enterprise includes two main stages: rapid diagnosis and fundamental diagnosis. stages of the capital cycle, because financial difficulties can arise in any of them. Considering the system of factors influencing the financial condition of the enterprise, we can say that the greatest attention in the process of its management should be paid to the factors of internal influence, because these are the elements an entity can manage. Conclusion. To carry out successful activities in modern conditions of development, it is important to maintain an effective process of enterprise management, which consists in finding and making the most effective decisions and, accordingly, practical justification. Therefore, we can conclude that for a successful financial analysis of the enterprise, the right method and indicators must be chosen that can better describe the essence of the financial condition of the enterprise.

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Methodological tools to ensure economic security in the personnel management system of enterprises

E3S Web of Conferences ◽

10.1051/e3sconf/201913504008 ◽

2019 ◽

Vol 135 ◽

pp. 04008 ◽

Cited By ~ 3

Author(s):

Guzaliya Klychova ◽

Alsou Zakirova ◽

Angelina Dyatlova ◽

Aigul Klychova ◽

Evgenia Zaugarova ◽

...

Keyword(s):

Personnel Management ◽

Management System ◽

Economic Security ◽

Enterprise Management ◽

Effective Management ◽

Key Factors ◽

Factors Affecting ◽

Financial Condition ◽

Economic Entity ◽

Personnel Management System

Economic security of the enterprise is designed to ensure stable and continuous functioning of the economic entity. The study of the state of economic security is one of the key factors for enterprises, as the level of its security depends on the financial condition. The purpose of personnel management in the system of economic security of the enterprise is to find ways to minimize risks and threats to employees. Ensuring economic security is one of the most important problems faced by enterprises. The overall system of integrated enterprise management is closely related to security and personnel management. The article examines the main threats and factors affecting economic security, as well as measures to improve the system of protection of the organization, the factors affecting the external and internal environment, measures for the organization of economic security in the enterprise, developed a methodology for assessing the personnel management system to make effective management decisions.

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Analysis of the financial status as effective instrument for controlling the future development of the enterprise

Economic Analysis ◽

10.35774/econa2019.04.028 ◽

2019 ◽

pp. 28-34

Author(s):

Oksana Lisnichuk ◽

Shpakovska Olga

Keyword(s):

Financial Analysis ◽

Enterprise Development ◽

Financial Status ◽

Scientific Methods ◽

Information Base ◽

Financial Condition ◽

General Scientific ◽

Effective Instrument ◽

The Stability ◽

The Right

Introduction. The efficiency of the enterprise is determined by the stability of its financial condition. In the process of financial analysis, an information base is formed on the basis of which managers are able to make the right management decisions. Purpose. The purpose of the study is to highlight the main approaches to the analysis of the financial condition of the enterprise, to determine the directions of improving the efficiency of financial and economic activity of the enterprise. Method (methodology). The methodological basis of the research is the general scientific methods - the method of generalization, comparison and description, methods of systematization of data to determine the directions of increasing the efficiency of enterprise development. Results. In the course of the research, the concept of financial state of the enterprise are defined. The main purpose and tasks of the analysis of the financial state of the enterprise are considered. The basic directions of use of the information base for carrying out the diagnostics of financial condition are analysed. It is recommended to use anti-crisis measures to overcome the financial crisis in the enterprise.

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Micro-Sized Enterprise Management During the Epidemic. Qualitative Analysis

SHS Web of Conferences ◽

10.1051/shsconf/202110001026 ◽

2021 ◽

Vol 100 ◽

pp. 01026

Author(s):

Marcin Kęsy ◽

Dariusz Pawliszczy ◽

Liudmyla Morozovska ◽

Nataliya Navolska ◽

Oksana Apostolyuk

Keyword(s):

High Risk ◽

Qualitative Analysis ◽

Service Sector ◽

Local Level ◽

Enterprise Management ◽

Cognitive Value ◽

Financial Condition ◽

Business Entities

The epidemic has affected the business situation in business entities, especially micro-sized enterprises, which mainly work in the service sector. In the event of a crisis, it is the service sector that is at high risk for business. To improve the financial condition of companies throughout Poland, a so-called “anti-crisis shield” was prepared, in addition, the governing bodies of the Lubuskie Voivodeship prepared an assistance plan for entrepreneurs. Its counterpart at the local level was assistance directed at companies in Zielona Góra. The cognitive value of the article is enriched by a thematic study done at micro-sized enterprises operating in the service sector in the territory of the Lubuskie Voivodeship with offices in Zielona Góra.

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STUDYING THE INFLUENCE OF ENVIRONMENTAL FACTORS ON BUSINESS STABILITY OF TRANSPORT ENTERPRISES

VESTNIK OF ASTRAKHAN STATE TECHNICAL UNIVERSITY SERIES ECONOMICS ◽

10.24143/2073-5537-2019-1-53-61 ◽

2019 ◽

pp. 53-61

Author(s):

Ekaterina Viktorovna Tabachnikova

Keyword(s):

Strong Relationship ◽

Road Transport ◽

Enterprise Management ◽

Economic Factors ◽

Opinion Poll ◽

Fuel Price ◽

The Road ◽

Financial Condition ◽

Industry Affiliation ◽

The Impact

Functioning of the enterprise management system implies collecting and analyzing information about the state of factors that threaten its economic sustainability. The sustainability of an enterprise is considered as the ability to preserve the characteristics of a business entity i.e. ensure its functioning, i.e. the success of the enterprise’s main objective function in time. The list of the most influencing factors depends on the industry affiliation of the enterprise. There has been presented the outcome of the poll of participants at the seminar devoted to upgrading skills of managerial staff of the road transport enterprises held in St. Petersburg in 2018. Studying the results of the opinion poll made it possible to conclude that the serious concern for the management of transport companies in terms of the probability of losing business stability is caused by the social and economic factors of the external environment. In order to assess the stress from the impact of economic factors there was performed a regression-correlation analysis which proved that the most significant and strong relationship between factors-indicators of sustainability can be seen in relation with such economic criteria as the inflation rate and the diesel fuel price. The net financial result and the official liquidation rate of motor transport enterprises were used as indicators of sustainability. The data obtained in the course of analysis helped to adjust the practice of managing the enterprise stability in terms of the methods used. In the present case, a special attention should be paid to the methods of managing the financial condition and methods of managing the costs of a transport enterprise, implementation of which involves the adoption of appropriate organizational and technical solutions.

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BANKRUPTCY PREVENTION STRATEGY AND ITS PLACE IN THE SYSTEM OF STRATEGIC ENTERPRISE MANAGEMENT

Scientific Review: Theory and Practice ◽

10.35679/2226-0226-2020-10-9-2013-2025 ◽

2020 ◽

Vol 10 (9) ◽

pp. 2013-2025

Author(s):

E.A. Leonenko ◽

◽

S.V. Kunev ◽

A.A. Bushova ◽

◽

...

Keyword(s):

Early Stage ◽

State Regulation ◽

Prevention Strategy ◽

Enterprise Management ◽

Prevention Measures ◽

Economic Relations ◽

Financial Condition ◽

Stage Of Development ◽

Business Entities

In the modern market economy, an assessment of the enterprise's financial condition is of great importance for the effective adaptation of the company to a turbulent market environment. This is due to the fact that organizations acquire independence and are fully responsible for the results of their activities to shareholders, suppliers, employees, creditors and banks. At the same time, in the phase of crisis phenomena in the economy, survival in a competitive environment is of particular importance for many enterprises, and therefore the issues of diagnosing the risk of bankruptcy of business entities are more relevant than ever. When identifying signs of bankruptcy, companies' management focuses on the development and implementation of such measures that would avoid it and build the enterprise to a new stage of development. In this regard, one of the most important components of bankruptcy prevention measures is the development of a bankruptcy prevention strategy (anti-crisis management strategy). To overcome the insolvency of ineffectively operating economic entities, at an early stage, the problem of developing an organizational and economic mechanism and measures that will strengthen the position of an enterprise in the market and help to postpone possible bankruptcy becomes dominant. The inclusion of bankruptcy in the mechanism of state regulation, which followed the formation of new economic relations in the Russian Federation, objectively required a rethinking of the previously accumulated theoretical and methodological developments and practical solutions. A bankruptcy prevention strategy is a set of prescribed measures for the long term to get an enterprise out of a crisis situation and prevent bankruptcy. It is such a development as a strategy for preventing bankruptcy that is an algorithm for all personnel of an enterprise to act during a crisis (bankruptcy).

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