Essence and content of the assessment of the financial condition of the firm's. Monograph

2020 ◽  
Author(s):  
Sergey Kaledin
Keyword(s):  
Financial Analysis ◽  
The State ◽  
Financial Resources ◽  
Financial Policy ◽  
Target Setting ◽  
Financial Condition ◽  
Economic Entity ◽  
Main Target ◽  
Financial Competitiveness

The content and main target setting of the financial analysis is the assessment of the financial condition and identification of the possibility of improving the efficiency of the economic entity through sound financial policy. Financial condition of an economic entity is a characteristic of its financial competitiveness (i.e. solvency, creditworthiness), use of financial resources and capital, fulfillment of obligations to the state and other economic entities. Содержание и основная целевая установка финансового анализа - оценка финансового состояния и выявление возможности повышения эффективности функционирования хозяйствующего субъекта с помощью рациональной финансовой политики. Финансовое состояние хозяйствующего субъекта - это характеристика его финансовой конкурентоспособности (т.е. платежеспособности, кредитоспособности), использования финансовых ресурсов и капитала, выполнения обязательств перед государством и другими хозяйствующими субъектами.

THE ESSENCE, GOALS AND OBJECTIVES OF THE ANALYSIS OF THE FINANCIAL CONDITION OF AN ECONOMIC ENTITY AND ITS USE IN THE COMPLIANCE CONTROL SYSTEM

2021 ◽  
Vol 3 (11) ◽  
pp. 161-165
Author(s):  
Tatiana M. Rogulenko ◽  
◽  
Valeria V. Mironenko ◽  
Keyword(s):  
Control System ◽  
Internal Control ◽  
Financial Analysis ◽  
Corporate Management ◽  
External Influence ◽  
Compliance Control ◽  
Financial Condition ◽  
Economic Entity ◽  
Goals And Objectives

This article raises the problem of improving the analysis of the financial condition of an eco-nomic entity and its use in the compliance control system. The main tasks of using the analysis in the compliance control system in order to increase the efficiency of corporate management of the economic activity of an economic entity have been determined. It is emphasized that the analysis of the financial condition is one of the mandatory components of both internal control and compliance control, the differences in the use of the analysis results are analyzed. It is concluded that the role of financial analysis and its use in the compliance control system in order to improve the efficiency of corporate governance is constantly increasing in order to prevent compliance risks and regulatory risks due to external influence of supervisors.

scholarly journals Economic effectiveness of enterprise’s innovative development (on the example OF JSC “Ust-kamenogorsk valves plant”).

2021 ◽  
pp. 23-30
Author(s):  
N. N. Nurmukhametov
Keyword(s):  
Technological Progress ◽  
Financial Analysis ◽  
Innovation Policy ◽  
The State ◽  
Economic Agents ◽  
Financial Condition ◽  
Important Means ◽  
Innovation Analysis ◽  
The Republic ◽  
Positive Effect

Innovative processes, as well as scientific and technological progress, provide an opportunity to constantly update production based on mastering the achievements of science and technology. Innovation is an important means of achieving the goals of developing a strategy for economic agents that have a positive effect on improving the effectiveness of a company.Anecessary factor for economic growth and competitiveness of the Kazakhstani economy is to solve the problem of organizing innovations, focusing on innovative needs, as well as the creation of stimulating development of innovative processes of organizational and economic conditions and the development of theoretical and practical provisions in order to assess the economic impact of research and development on it. In this context, the aim of the study is to consider ways to improve the economic performance of enterprises through innovation. To achieve this goal, an analysis of the literature in the field of innovation, analysis of regulations, as well as interpretive research methods, such as sociological and empirical methods, were used. Also, a financial analysis of the activities of Ust-Kamenogorsk Valves Plant JSC was carried out, which made it possible to characterize the financial condition of the company. The company was found to have managed its funds responsibly during the period under review. Two innovative portfolios were evaluated, which made it possible to determine the profitability of certain projects. It is concluded that the state innovation policy in the Republic of Kazakhstan is predominantly of an organizational and regulatory nature, there are few financial and resource measures and tax support for innovations from the state.

scholarly journals This article is studied to the analysis of the financial condition of companies of the baking industry. Analysis of the financial condition makes it possible to evaluate the availability of financial resources of the enterprise, its solvency and financial sustainability. Also the article describes the industry features of the analysis of the financial condition of the bakery industry enterprises. An important aspect of the financial analysis of baking enterprises is to obtain the most informative parameters that give an accurate picture of the financial condition of the enterprise.

2018 ◽  
Vol 6 (4) ◽  
pp. 16-20
Author(s):  
Екатерина Орлова ◽  
Ekaterina Orlova ◽  
Анна Григорьева ◽  
Anna Grigor'eva
Keyword(s):  
Financial Analysis ◽  
Financial Resources ◽  
Financial Sustainability ◽  
Industry Analysis ◽  
Financial Condition ◽  
Informative Parameters ◽  
Accurate Picture ◽  
Bakery Industry ◽  
Baking Industry

This article is studied to the analysis of the financial condition of companies of the baking industry. Analysis of the financial condition makes it possible to evaluate the availability of financial resources of the enterprise, its solvency and financial sustainability. Also the article describes the industry features of the analysis of the financial condition of the bakery industry enterprises. An important aspect of the financial analysis of baking enterprises is to obtain the most informative parameters that give an accurate picture of the financial condition of the enterprise.

scholarly journals ANALYSIS OF THE FINANCIAL CONDITION OF ENTERPRISES BY PHASES OF THEIR LIFE CYCLE

2018 ◽  
Vol 1 (2(14)) ◽  
pp. 31-38
Author(s):  
Tetjana Mykolaivna Kovalchuk ◽  
Andrij Ivanovych Vergun
Keyword(s):  
Life Cycle ◽  
Comparative Analysis ◽  
Financial Analysis ◽  
Methodological Approach ◽  
Decision Makers ◽  
Target Setting ◽  
Financial Status ◽  
Financial Condition ◽  
Administrative Tasks ◽  
Integral Indicator

Urgency of the research. Solving administrative tasks related to the ranking of enterprises according to their financial condition predetermines the objective need to use methodical tools of financial analysis. Target setting. An important factor in the financial situation that needs to be taken into account when developing the analysis techniques to ensure the comparability of enterprises is the phase of their lifecycle. Actual scientific researches and issue analysis. Scientists such as L. Bernstein, G. Foster, E. Helfert, J. Wild, K. R. Subramanyam and others made a significant contribution to the development of methods for analyzing the indicators of financial status. Univestigated parts of general matters defining. At the same time, little attention is paid to the issue of developing a method of comparative analysis of the financial condition of the phases of the enterprise's life cycle. The research objective. The substantiation of the method of comparative analysis of the financial condition of enterprises, taking into account the phases of their life cycle on the basis of the method of analysis of hierarchies. The statement of basic materials. The method of analysis of hierarchies developed a method of comparative analysis of the financial condition of enterprises located at different phases of the life cycle. Conclusions. The use of this methodological approach allows you to take into account such an important factor in the financial condition of the enterprise as the phase of its life cycle and to provide decision-makers with a reasonable criterion as an integral indicator for the analysis of enterprises at different stages of development. A comparative analysis of the financial condition on the basis of the proposed methodology can be carried out within the framework of strategic financial analysis and analysis of investment attractiveness of enterprises.

scholarly journals FEATURES OF FORMATION OF DEBT FINANCIAL RESOURCES OF THE STATE IN THE CONDITIONS OF GLOBALIZATION

2021 ◽  
Author(s):  
Yaroslav Dropa ◽  
Marta Petyk ◽  
Iryna Mud
Keyword(s):  
Financial Incentives ◽  
The State ◽  
Financial Resources ◽  
Financial Policy ◽  
Public Expenditures ◽  
Domestic Investment ◽  
State Budget ◽  
Government Bonds ◽  
Domestic Banks ◽  
Private Investors

Features of solicitation of borrowed financial resources by the state are considered in the context of maintaining economic potential and ensuring financial capacity to be able to perform all the functions assigned to it under conditions of deepening economic crisis, the spread of the coronavirus epidemic and actions of quarantine restrictions in Ukraine and in the world. The dynamics of the size of the state budget deficit of Ukraine and volumes and structure of the general public debt, costs to service and repay the principal amount of debt are analyzed. It is marked, that outpacing growth of state budget expenditures comparatively with the amount of tax revenues, and, therefore, forced growth of government borrowing in the domestic and foreign financial markets, caused by the need to timely repay government obligations to creditors and financing current expenses in full. In the absence of established cooperation with international financial institutions the main mechanisms for soliciting financial resources were domestic government bonds and external government bonds. Mainly, domestic banks invest in government bonds; foreign and domestic private investors so far, unfortunately, are not interested in investing their savings in government securities, despite even a significant increase in their profitability (now the yield on government bonds exceeds the interest rate on deposit rates of banking institutions). Ensuring debt security and effective management of financial resources, available to the state, primarily borrowed, are identified as a priority in the implementation of financial policy of the state. Deepening of crisis phenomena in the domestic economic system forced the executive authorities urgently solicit additional financial resources, working with potential lenders often on unfavorable terms for Ukraine, however, the risks of losing financial and subsequent political independence, forced to reconsider the structure of sources of financing public expenditures, and to attract domestic investment in the development of the national economy. It was emphasized, that the effectiveness of investing borrowed financial resources are conditioned exclusively by their investment direction, financial incentives for the real sector of the economy and needs well-established mechanisms for regulating and stimulating the development of financial and stock markets.

scholarly journals FEATURES OF THE DEVELOPMENT OF FINANCIAL POLICY OF RUSSIAN COMPANIES IN MODERN CONDITIONS

2018 ◽  
pp. 29-40
Author(s):  
Igor Keri ◽  
Elena Gromova ◽  
Nadezhda Sinelschikova
Keyword(s):  
Financial Stability ◽  
Import Substitution ◽  
The State ◽  
Financial Resources ◽  
Innovation Activity ◽  
Financial Policy ◽  
Financial Policies ◽  
External Conditions ◽  
Price Policies ◽  
Volume Of Trade

The study includes proposals regarding the development of rational financial policies by Russian companies in modern conditions. The authors have identified the following areas of difficulty: sales, the deficit and availability of financial resources and investment for development and distribution, instability of external conditions. Changes in price policies, optimization of components and volume of trade receivables accounts are some of the suggested ways of improving a company’s sales. The solution to the lack of financial resources for a company’s investment development can be determined by selecting the more effective forms of financing. The authors point out the  limitations of investment activities financing under conditions of import substitution while suggesting a composition of indicators of innovation activity. The study states that the state faces the challenge of creating favourable conditions for improving the financial stability of companies. The authors suggest measures aimed at perfecting the mechanisms of governmental financial policies.

scholarly journals ANTI-CRISIS MECHANISMS OF FINANCIAL STABILIZATION AND DEVELOPMENT OF THE ORGANIZATION

2014 ◽  
pp. 78-83
Author(s):  
V. N. Alferov
Keyword(s):  
Dynamic Analysis ◽  
Financial Development ◽  
Financial Analysis ◽  
The State ◽  
Financial Status ◽  
Development Organization ◽  
The Past ◽  
Financial Condition ◽  
The Future

Anti-crisis financial stabilization mechanisms are mainly based on the method of analyzing the financial condition of the organization, enabling it to assess the financial activities only in the dynamics of the past and what was then that led to the insolvent status and do not predict the financial status of the organization in the future. In modern conditions it is necessary to form a model of financial analysis aimed at the development of a dynamic analysis of the financial condition of the organization’s past, present and future.In this paper we consider a model of analysis of financial development organization aimed at adequate prediction of the state, taking into account the possibilities and limitations of the legislation on insolvency (bankruptcy), including a system of indicators to provide the financial condition of the debtor in the post-crisis development.

scholarly journals PUBLIC FINANCIAL POLICY ON INDUSTRY SPHERE: FOREIGN EXPERIENCE AND PROBLEMS OF IMPLEMENTATION IN UKRAINE

2019 ◽  
pp. 55-62
Author(s):  
Chubka Olha ◽  
Lyvdar Marta ◽  
Petro Viblyi
Keyword(s):  
Industrial Development ◽  
Technological Development ◽  
The United States ◽  
The State ◽  
Financial Resources ◽  
High Tech ◽  
Financial Policy ◽  
The Public ◽  
Use Of Resources ◽  
The Creation

Introduction. Industry serves as the basis for meeting the needs of the national market and building a powerful export potential of the country. The public financial policy should aim at creating favorable conditions for investing in industry, which determines the relevance of the research. Purpose. The objective of the paper is to carry out a comparative analysis of the main mechanisms of the public financial policy of the industrialized countries of the world, to identify the existing trends in the development of industry in Ukraine, and to make recommendations on borrowing of the global experience in Ukraine. Results. A comparison of the mechanisms of implementation of the public financial policy in the industry of the United States, China, Japan, Germany, the Great Britain, Italy, and France has been carried out. The trends of industrial development in Ukraine have been determined. The scientific novelty consists in the recommendations suggested by the authors for ensuring the effective development of the industry, namely: in the creation of the State Innovation Bank, which would undertake soft lending of innovative projects and in the exemption from taxation of d enterprises in the event of their merger with a loss-making enterprise. Thus, the state will promote the creation of conditions for the progressive technological development of industry, increase its innovation and investment attractiveness. Enterprises will receive additional or cheaper financial resources, which will be able to invest in modernization and upgrading of productions, primarily high-tech. In view of the effective intended use of resources released as a result of taxation, it is suggested to conclude a special agreement between the controlling body and the taxpayer, according to which the payer will assume the obligation to effectively dispose of the financial resources.

scholarly journals Performance appraisal and supervision of state-owned enterprises in Bosnia and Herzegovina

2020 ◽  
Vol 8 (4) ◽  
pp. 77-95
Author(s):  
Nikola Nikolić ◽  
Marin Slobodan ◽  
Milan Šušić
Keyword(s):  
Performance Appraisal ◽  
Market Economy ◽  
Bosnia And Herzegovina ◽  
Financial Analysis ◽  
Financial Statements ◽  
The State ◽  
Barriers To Entry ◽  
Financial Condition ◽  
State Owned Enterprise

Bosnia and Herzegovina has opted for a market economy, which implies the liberalization of prices and trade, as well as the existence of an applicable legal system, including real rights. In order for a market economy to function, it is necessary to ensure macroeconomic stability and consensus on economic policy. A developed financial sector and the absence of significant barriers to entry and exit strengthen the efficiency of the economy. By analyzing the database of financial statements of state-owned companies in Bosnia and Herzegovina, we conclude that they are mostly in poor financial condition. This paper analyzes the structure of the state-owned enterprise sector, and identifies individual enterprises that affect fiscal and macroeconomic performance. State-owned companies do not contribute enough to the growth and stability of the economy, the financial analysis showed. The framework for the management of state-owned enterprises has also been analyzed and we come to the conclusion that the entity and cantonal governments do not perform their ownership function in accordance with the WB / OECD guidelines. Quality governance reforms in state-owned enterprises are needed to encourage transparency and increase the quality of accountability. Achieving a higher level of quality in the state-owned enterprise sector can achieve an increase in total GDP of 3 percent annually.

scholarly journals DECOMPOSITION OF FINANCIAL CAPACITY OF UKRAINIAN HOUSEHOLDS IN THE CONDITIONS OF CHANGING ECONOMIC ENVIRONMENT: REGIONAL SECTION

2021 ◽  
Vol 2 (3) ◽  
pp. 68-77
Author(s):  
Olha Mulska ◽  
Taras Kloba
Keyword(s):  
Consumer Behavior ◽  
Methodological Approach ◽  
The State ◽  
Economic Behavior ◽  
Financial Behavior ◽  
Financial Resources ◽  
Effective Management ◽  
Financial Capacity ◽  
Financial Condition ◽  
Study Results

Challenges of economic instability update the study of their impact on the architecture of economic and consumer behavior of Ukrainian households, which determines their financial capacity. The purpose of the article is to carry out a comparative analysis of the financial capacity of Ukrainian households at the regional level and to identify applied features of consumer behavior in the economic crisis. The object is the financial capacity of Ukrainian households in terms of regions. The subject of research: analysis of different models of behavior of households in Ukraine (consumer, investment, and savings), which will determine the financial orientation of families by region. Research methodology. The methodological tools for assessing the economic behavior of households with the definition of its leading models - consumer, investment, savings, the correlation of which allows to determine the decomposition of the financial capacity of the territory (country, region, community). The methodological approach has been tested, which can serve as a basis for structuring management tasks in terms of strengthening the investment activities of households, ensuring the optimal structure of consumer spending to form the territory's resilience to financial shocks. An analysis of the economic behavior of households, based on the assessment of reflections – consumer, investment, and savings - as a result of the subject's understanding of its financial capacity, expressed in terms of costs and financial resources. The study results can help reflect the state of providing the entity with financial resources. These other tangible and intangible assets may be capitalized shortly and reoriented from consumption and savings to investment purposes of financial capacity of households in Ukraine. Improving the financial condition of households is closely linked to the resumption of economic activity of enterprises, as families are one of the most critical economic categories. An essential tool is an effective regional policy to level interregional disparities and effective long-term strategies for household financial behavior. Particular attention should be paid to financial planning, which is a prerequisite for effective management and control over the financial condition of households, which will balance the structure of income and expenditure, avoid unplanned expenses, rational use of available resources. When it comes to making financial decisions, they are always sensible, planned based on the real needs of household members or the adequacy of financial resources. Prospects for further research will be problem-solving, which is possible only at the state level and requires effective management decisions and the identification of different macroeconomic trends in the national economy.

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