scholarly journals Financial Condition and Bankruptcy Likelihood in Aviation on the Example of the Aeroflot Company

2021 ◽  
Vol 17 (4) ◽  
pp. 50-69
Author(s):  
Nargis Faizuloyeva ◽  
Karolina Olechowska
Keyword(s):  
Economic Activity ◽  
Financial Analysis ◽  
Downward Trend ◽  
Financial Resources ◽  
High Quality ◽  
Important Condition ◽  
Financial Condition

Abstract This study analyses theoretical aspects of bankruptcy and financial analysis. Analysis of bankrupt cy diagnostics is the most important condition for successful company management since the results of economic activity depend on the availability and efficiency of the use of financial resources. The study of the institution of bankruptcy is essential for high-quality business conduct. Thus, as a practical part this study implemented analyses of financial condition and bankruptcy likelihood in aviation on the example of one of the biggest airlines – PJSC Aeroflot. Research resulted in findings confirming the instability of the company’s financial condition and downward trend on the Z index related to decrease in demand, mostly due to the pandemic of COVID-19.

scholarly journals ANALYSIS OF THE MAIN INDICATORS OF ECONOMIC ACTIVITY OF ENTERPRISES PRODUCING TRUCKS ACCORDING TO ACCOUNTING DATA

2021 ◽  
Vol 6 (3(31)) ◽  
pp. 4-9
Author(s):  
Denis Vladimirovich Lysenko ◽  
Leyla Akgün
Keyword(s):  
Economic Activity ◽  
Business Processes ◽  
Financial Analysis ◽  
Growth Efficiency ◽  
Comprehensive Analysis ◽  
Information Support ◽  
Accounting Data ◽  
Financial Condition ◽  
Use Of Resources ◽  
General Business

The modern system of accounting and management accounting includes a set of methods for analysing and evaluating the analysis of the financial condition of an enterprise. A comprehensive analysis of economic activity is a system of special knowledge related to the study of economic processes that develop under the influence of objective economic laws and factors of an objective order. Comprehensive analysis is of great importance in strengthening the financial condition, increasing the liquidity of assets, their solvency, searching for reserves for economic growth, efficiency in the use of resources, and in general business processes. The transformation of accounting, which is being carried out as part of the restructuring of the economy to market track, has once again brought to life such an important element of analytical work as financial analysis. The effectiveness of enterprise management is largely determined by the degree of its organization and the quality of information support. Analysis of financial statements in the framework of a comprehensive analysis of economic activity consists in the application of analytical tools and methods to the indicators of financial documents in order to identify significant relationships and characteristics necessary for making any decision. It serves to transform data so numerous and varied in our computer age into necessary and always scarce information. The business analysis process is described differently depending on the task at hand. It can be used as a preliminary screening tool when choosing a direction for investment or possible options for a merger of enterprises. It can also act as a forecasting tool for future financial conditions and results. Comprehensive analysis is also applicable to identify problems in the management of production activities. It can serve to assess the performance of the company’s management. And most importantly, financial analysis allows you to rely less on guesses, premonitions and intuition, to reduce the inevitable uncertainty that is present in any decision-making process. Financial analysis does not eliminate the need for business sense but provides a solid and systematic foundation for its rational application. Reporting analysis in the process of a comprehensive analysis of the economic activity of an enterprise is a process that aims to assess the current and past financial condition and results of the enterprise, while the primary goal is to determine estimates and predictions regarding the future conditions and activities of the enterprise.

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.

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.

scholarly journals Investment attractiveness of the enterprise: the essence and features of assessment

2019 ◽  
pp. 29-34
Author(s):  
Viktoriia KREMEN ◽  
Olha KREMEN ◽  
Oksana AKULININA
Keyword(s):  
Integrated Assessment ◽  
Time Horizon ◽  
External Environment ◽  
Economic Conditions ◽  
Financial Resources ◽  
Important Condition ◽  
Complex Concept ◽  
Financial Condition ◽  
Methodological Approaches ◽  
Qualitative Characteristics

The article is devoted to the study of the nature, approaches to classification and fundamental factors of the investment attracti-veness of the enterprise. A prerequisite for ensuring a sustainable and competitive development of enterprises is the access to invest-ment resources and the ability to attract them, taking into account the investment attractiveness of enterprises. The purpose of the paper is to determine the essence of the investment attractiveness of the enterprise and its features from the standpoint of assessing the investment attractiveness of the enterprise in the current economic conditions in Ukraine. It is grounded that investment attractiveness is a complex concept because it reflects the opinion of a certain group of investors regarding the risk ratio, profitability ratio and value of financial resources of the enterprise, as well as represents a set of certain objective features, properties, means and capabilities of the economic system that determines the potential payment demand for investment. The main classification features of the investment attractiveness of an enterprise are the following: the position of the valuation entities, the type of investor, time horizon, the approach to the valuation and the purpose of the valuation. An important condition for the existence of the enterprise is the ability to determine a number of qualitative characteristics of the influence of the internal and external environment on the overall level of financial condition of enterprises and the efficiency of use of enterprise resources. Analysis of existing methodological approaches to the analysis of the assessment of the investment attractiveness of the enterprise indicates the feasibility of applying the methodology of integrated assessment of investment attractiveness of enterprises, taking into account the type of activity, the main risks of a particular industry, cost structure and features of formation of profit of the enterprise.

Profit as a key motive and the resulting indicator of the activity of state corporations

2021 ◽  
pp. 42-49
Author(s):  
M.V. Dubrova
Keyword(s):  
Economic Activity ◽  
The State ◽  
Financial Resources ◽  
Project Financing ◽  
State Development ◽  
Non Profit ◽  
Priority Areas ◽  
The World ◽  
Development Institutions ◽  
State Corporation

Development institutions are becoming the most important tools for regulating economic activity both in Russia and in the world, through the implementation of social projects, the accumulation of financial resources and their direction to the priority areas of state development. The purpose of the study is to study the financial results of state corporations, in particular development institutions, and their role in providing project financing. The proposed article provides an assessment of the profit of the state corporation «Bank for Development and Foreign Economic Activity» (GC «Vnesheconombank»), emphasizes the specifics of the state corporation as a non-profit organization, and provides recommendations for improving the efficiency of the financial activities of the GC «Bank for Development and Foreign Economic Activity».

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 Modelling Decision Making under Uncertainty for Strategic Forecasting

2019 ◽  
Vol 8 (3) ◽  
pp. 7251-7255
Keyword(s):  
Decision Making ◽  
Economic Activity ◽  
Detrimental Effect ◽  
Decision Making Under Uncertainty ◽  
Decision Making Process ◽  
Insufficient Information ◽  
High Quality ◽  
Decision Making System ◽  
Specific Management ◽  
Selection Of

In current market conditions, the key to productive economic activity is the ability to provide a high-quality forecast, even in situations of insufficient information. Strategic forecasting refers to this type of activity, errors in which the actions of any company can have a detrimental effect on the fundamental level. The justification and selection of specific management decisions can often be carried out in conditions of uncertainty due to the inability to clearly predict the values of the final results of these decisions. The decision-making system within the framework of the strategic forecasting task should help maintain the effectiveness of actions by simplifying the picture of the real world by modelling it. While allowing to reduce the influence of the subjectivity of the personality of the decision-maker on the decision-making process itself

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

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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