scholarly journals SCIENTIFIC AND METHODOLOGICAL SUPPORT OF FINANCIAL EXPRESS ANALYSIS OF SMALL INDUSTRIAL ENTERPRISES OF UKRAINE

2021 ◽  
pp. 78-90
Author(s):  
Liudmyla Sokolova ◽  
Viktor Dyuzhev ◽  
Ganna Veriasova ◽  
Oleksandr Kurdenko ◽  
Esknder Suliaman Salty Al-Fakhore
Keyword(s):  
Input Data ◽  
Financial Analysis ◽  
Relevant Information ◽  
Rapid Analysis ◽  
Industrial Enterprise ◽  
Financial Supervision ◽  
Industrial Enterprises ◽  
Financial Condition ◽  
Express Analysis ◽  
Simplified Procedure

The subject of research of this work is the current direction in the financial activities of small industrial enterprises – financial express analysis. The purpose of the study is to develop a scientific and methodological basis for a simplified procedure of financial supervision of small industrial enterprises in the country in order to provide qualified assistance to managers of small industrial enterprises in the financial sphere of their activities. The article solves the following tasks: study of the state of small industrial enterprises and their role in the development of Ukraine's economy, definition of "financial supervision", development of algorithm for financial express analysis of small industrial enterprises, choice of directions for financial express analysis of small industrial enterprises financial supervision, the formation of a bank of input data on four components, testing of scientific and methodological support on the example of a particular enterprise. The following methods are used: theoretical generalization, retrospective analysis, comparative analysis, analytical, analysis and synthesis, rapid analysis. The following results were obtained: the method of financial express analysis of a small industrial enterprise was proposed on the basis of financial supervision; selected areas of financial analysis under a simplified procedure; the scheme of algorithm of carrying out procedure of financial supervision is developed; the bank of the input data which are necessary for the decision of the set task is formed; substantiation of the choice of applied mathematical models is carried out; the experimental approbation of the offered scientific and methodical approach to carrying out the financial express-analysis on the factual basis of the real small industrial enterprise is carried out; appropriate recommendations were given to the management of the researched enterprise. Conclusions: It is determined that in the current unstable economic conditions, small industrial enterprises need professional assistance of consulting orientation in financial activities. Obtaining up-to-date relevant information on the financial condition of small industrial enterprises is a very important task that requires a rapid financial analysis of their activities. The study of this issue showed the lack of consensus of analysts on the directions and methods of financial rapid analysis. This led to the need and feasibility of developing for the management of small industrial enterprises under a simplified procedure of an orderly methodology of financial rapid analysis on the basis of financial supervision.

scholarly journals Aspects of financial analysis of the company's equity in modern conditions

2021 ◽  
Vol 13 (1) ◽  
Author(s):  
N. Kuprina ◽  
T. Markova ◽  
O. Velychko
Keyword(s):  
Financial Analysis ◽  
Practical Importance ◽  
Practical Aspect ◽  
Industrial Enterprise ◽  
Comprehensive Approach ◽  
Scientific Result ◽  
Market Conditions ◽  
Industrial Enterprises ◽  
Financial Condition ◽  
Equity Analysis

The purpose of the research is to analyze the scientific works on the o study approaches to conducting financial analysis of industrial equity of enterprises in the theoretical and practical aspect, justification ofthe need to formulate a comprehensive approach for such aanalysis of the equity of the enterprise in themanagement system.The analysis of the works of scientists showed that when conducting a financial analysis of an enterprise's equity, it is mainly conducted in the context of the analysis of the financial condition of the enterprise,both in the overall assessment and in absolute and relative terms, which is not complete in the current conditions of managing the enterprise resources and sources of their formation.The scientific result of the research is the formation of a comprehensive approach to the financialanalysis of the equity of an industrial enterprise, which is relevant in the current market conditions of operation of enterprises and covers the analysis of its dynamics, structure, turnover, profitability, risk and its protection. The practical importance of this work is directed to the use of this method of equity analysis as a toolof financial analysis in the modern conditions of management of industrial enterprises to ensure the efficiency of their activities and management.

scholarly journals Methodical Limitations of the Financial Analysis in Transition Economy and the Specificity of the Financial Condition of Industrial Enterprises of the Kemerovo Region

2019 ◽  
Vol 4 (2) ◽  
pp. 191-200
Author(s):  
Анатолий Акулов ◽  
Anatoly Akulov
Keyword(s):  
Transition Economy ◽  
Financial Analysis ◽  
Holding Companies ◽  
Macroeconomic Variables ◽  
Industrial Enterprises ◽  
Correlation And Regression Analysis ◽  
Financial Position ◽  
Financial Condition ◽  
New Ideas ◽  
The Russian Federation

The research features the financial condition of industrial enterprises of the Kemerovo region. The research objective was to determine the main characteristics of the financial condition of the local industrial enterprises, taking into account the methodological limitations of external financial analysis. The authors used methods of observation, logical-structural analysis, comparative analysis, correlation and regression analysis, methods of external financial analysis, and system-structural approach. The approach allowed the authors to identify the main regularities of the development of the financial condition of the local industrial enterprises. The differences in the financial position were compared with other regions of the Russian Federation. The paper introduces new ideas about the factors determining the financial state of the industry. It contains a list of conditions and measures that contribute to improving the financial condition of the local industrial enterprises and assess their mid-term prospects. The results can be used by the authorities and management to develop strategic planning documents. The research can help large integrated industry companies to justify their decisions on the distribution of funds in holding companies. The financial condition of the industry in the Kemerovo Region proved to be slightly worse than average, which is explained by the structure of the economy and other macroeconomic variables. The control actions of the subfederal level cannot fully improve the situation.

scholarly journals Economic and mathematical modeling of industrial enterprise business model financial efficiency estimation

2020 ◽  
Vol 166 ◽  
pp. 13025
Author(s):  
Mykola Havrylenko ◽  
Vira Shiyko ◽  
Liliana Horal ◽  
Inesa Khvostina ◽  
Natalia Yashcheritsyna
Keyword(s):  
Financial Performance ◽  
Business Model ◽  
Financial Stability ◽  
Industrial Enterprise ◽  
Financial Efficiency ◽  
Industrial Enterprises ◽  
Financial Condition ◽  
Methods Of Calculation ◽  
Integral Measure ◽  
Efficiency Estimation

The article proposes two methods for evaluating the financial efficiency of a business model of industrial enterprises. In order to evaluate the financial efficiency of the business model of an industrial enterprise, a system of single indicators for assessing the financial condition of the enterprise by such components as financial stability, liquidity and solvency, business activity and profitability was formed. Fishburne’s rule weights the major components of an integral measure of an enterprise’s business model financial performance. In addition, an integral measure of the financial performance of the business model is modeled using the fuzzy set method and taxonomic analysis, which will help to evaluate the financial performance level of the business model more objectively. The comparative analysis of the obtained results by different methods of calculation of integral indicators is carried out.

scholarly journals Improvement of bankruptcy probability model based on the analysis of industrial enterprises of Ukraine

2019 ◽  
Vol 65 ◽  
pp. 06002
Author(s):  
Tetiana Melikhova ◽  
Andriy Makarenko ◽  
Olena Mikhailytsa ◽  
Andriy Pozhuyev
Keyword(s):  
Financial Analysis ◽  
Probability Model ◽  
Stable Operation ◽  
Industrial Enterprises ◽  
Financial Condition ◽  
Proposed Model ◽  
Probability Of Bankruptcy ◽  
Bankruptcy Probability ◽  
Improved Model ◽  
Econometric Approach

In present work, the peculiarities of simulation model of enterprises bankruptcy probability that exist in European, world and domestic practices were considered. The scientific econometric approach was applied to determine the overall presence and strength of the relation between the economic indicators of industrial enterprises. A financial analysis of large industrial manufactures in the region of Ukraine was conducted. To form the information base of the study, the authors estimated liquidity, solvency, business activity and profitability ratios that affect the financial condition of enterprises. They revealed the most significant ratios of financial condition analysis. According to the analysis of existing models of bankruptcy probability in the context of these industrial enterprises, an improved model for assessing the risk of bankruptcy was proposed and evaluated. The proposed model for estimating the probability of bankruptcy, taking into account the influence of the most significant ratios of financial analysis, confirmed that the percentage of provided bankruptcies and stable activities are acceptable and indicate high quality of the resulting equation. The IBM SPSS Statistics system was used to process the data, check the assumptions and prepare valid conclusions. The improved model will allow it to be used in the practice of diagnosing the probability of bankruptcy of industrial enterprises, which will help identify the threat of bankruptcy in time and ensure stable operation of the industrial enterprise.

scholarly journals The Current State of Formation of Financial Strategy in the Management System of an Industrial Enterprise

2020 ◽  
pp. 122-130
Author(s):  
Е. Myronenko ◽  
◽  
S. Barkova ◽  
V. Yershakova ◽  
◽  
...  
Keyword(s):  
Financial Development ◽  
Financial Stability ◽  
Industrial Enterprise ◽  
Financial Strategy ◽  
Industrial Enterprises ◽  
Financial Condition ◽  
Current State ◽  
Development Analysis ◽  
Goals And Objectives ◽  
Financial Environment

The article considers the essence of financial strategy, defines its place in the strategic set of industrial enterprises. The characteristics of the financial strategy of the enterprise are substantiated and supplemented and the organizational model of its formation and realization is built. The goals and objectives of the financial strategy, the nature of management decisions aimed at ensuring financial stability, competitiveness and maximizing the value of the enterprise are described. The process of enterprise development at different stages is analyzed. The most important essential characteristics of the financial strategy of an industrial enterprise are determined. It is proved that in the course of diagnosing and assessing the strategic opportunities of financial development of the enterprise is carried out: analysis and assessment of the financial condition of the enterprise in order to identify the state of the enterprise and identify features of its development; analysis of factors of the internal financial environment to identify the direction of their action on the final results of the enterprise; comprehensive analysis and diagnosis of internal financial potential in order to establish its level to ensure the strategic opportunities for financial development of the enterprise.

scholarly journals ANALYSIS OF MANAGEMENT OF PRODUCTION POTENTIAL OF MACHINE-BUILDING ENTERPRISES OF KHARKIV REGION

2021 ◽  
Vol 2 (3) ◽  
pp. 124-129
Author(s):  
Vladyslav Yakovlev ◽  
Olena Druhova
Keyword(s):  
Economic Activity ◽  
Production Capacity ◽  
Machine Building ◽  
Industrial Enterprise ◽  
Building Industry ◽  
Production Potential ◽  
Industrial Enterprises ◽  
Financial Condition ◽  
Software Methodology ◽  
Building Enterprises

The purpose of the article is to study the management of production potential of machine-building enterprises in the Kharkiv region, 9 enterprises were analyzed and their production indicators were studied. The effectiveness of the production potential is characterized by production, technological, financial and innovative components. It should be noted that since the production potential is a component of the economic potential of the enterprise, the structure presented in Fig. 1 is quite conditional. If we consider the production potential from this point of view, then, for example, its innovative component is inextricably linked with the innovative potential, and the financial component – with the financial potential. Sustainable development and competitiveness of an industrial enterprise depends on the level of production potential, which is the foundation of production activity. The production potential of an industrial enterprise is a complex, dynamic and stochastic system consisting of a number of interconnected components. At the legislative level, an attempt has been made to build a single model of an integrated indicator of the financial condition of large, medium and small enterprises. According to the approved IFI Procedure for assessing the financial condition of a potential beneficiary of an investment project, the level of financial condition of the enterprise is determined depending on the value of the integrated indicator, which allows the classification of enterprises in the industry or region. At the same time, questions about the structure of innovation potential remain controversial in the scientific literature. The development of an integrated module for the assessment of production potential is the first stage of the presented methodological approach. The next step is to improve the information subsystem of monitoring the financial and economic activity of industrial enterprises, which in turn is an integral part of the IT system of enterprise management. At this stage, it is necessary to develop software that provides analysis and comprehensive assessment of production capacity. After integrating the software module with IS monitoring, we have to test the software using the collected database on the financial and economic activity of the enterprise. Comparing the results of the assessment with the assessment from the analytical reports of independent experts will allow to determine the level of adequacy of the presented model and software. Methodology. The analysis was conducted on the basis of financial statements of enterprises of the machine-building industry of Kharkiv region for the period 2018, 2019, 2020. Results of the study show that the enterprises of the machine-building industry have low indicators of production potential, so enterprises need to change the strategy in the market to improve production capacity to increase competitiveness and improve. Practical implications. Given that companies have lost traditional markets in recent years and products are not in high demand in European markets, it is necessary to develop ways to improve the management of the potential of machine-building enterprises, seek new markets and strengthen cooperation with international companies. Value/originality. The study will help the management of enterprises to more effectively manage the enterprise and improve their production capacity.

scholarly journals АНАЛІЗ МЕТОДІВ ОЦІНЮВАННЯ ФІНАНСОВОГО ПОТЕНЦІАЛУ ПІДПРИЄМСТВА

2021 ◽  
pp. 62-69
Author(s):  
Олена Володимирівна Гребенікова ◽  
Тетяна Володимирівна Денисова ◽  
Дмитро Сергійович Іваницький
Keyword(s):  
Financial Analysis ◽  
Analytical Techniques ◽  
Practical Significance ◽  
Estimation Methods ◽  
Practical Implementation ◽  
Mathematical Methods ◽  
Main Hypothesis ◽  
Advantages And Disadvantages ◽  
Industrial Enterprises ◽  
Financial Condition

In today's turbulent economy, the basis for sustainable development of the enterprise is the effective use of its financial potential, which can ensure the continuity of the production process, timely fulfillment of financial obligations and dynamic development of the business entity by financing investment activities. Therefore, the problem of the enterprise financial potential estimation is relevant. The purpose of the article is to generalize and systematize the concept of "financial potential", analysis of existing methods of its estimation, the advantages and disadvantages identification, the possibility of application in practice. The object of research is the industrial enterprises financial potential and methods of its estimation. Methods used in the study: methods of scientific knowledge, namely analysis and synthesis, induction, measurement, observation, formalization, logical-analytical techniques, as well as the methodological apparatus of financial analysis and mathematical statistics. The main hypothesis of the study is the assumption that the diagnosis of the enterprises financial potential should be based on methods whose use will allow to correctly and unambiguously interpret their results, avoid bias and other shortcomings that reduce the quality of the enterprises financial potential estimation. Presenting main material. The study found that the enterprise financial potential is one of the most important characteristics of its financial condition, associated with the level of attractiveness to creditors and investors and is characterized by available financial opportunities. The concept of "enterprise financial potential" has systematized. The analysis of existing estimation methods of the industrial enterprise financial potential had carried out. The prerequisites for their practical implementation has identified, namely: taking into account the specifics of the industry, the level of financial potential, taking into account trends and dynamics of economic development. Has proved that the analysis of the enterprise financial potential is a key tool in determining the directions of expansion of industrial production. The originality and practical significance of the study lies in the fact that the results of the methodological basis analysis has classified methods for assessing the industrial enterprises financial capabilities, has identified their main advantages and disadvantages, the possibility of use. Conclusions and prospects for further research: the necessity of formation an individual complex vector of the enterprise financial potential research in the context of global socio-economic challenges in accordance with the methodological tools, the determinants of which should be economic and mathematical methods, has substantiated

scholarly journals Mathematical Modeling for Financial Analysis of an Enterprise: Motivating of Not Open Innovation

2021 ◽  
Vol 7 (1) ◽  
pp. 79
Author(s):  
Alex Borodin ◽  
Irina Mityushina ◽  
Elena Streltsova ◽  
Andrey Kulikov ◽  
Irina Yakovenko ◽  
...  
Keyword(s):  
Mathematical Models ◽  
Computer Technology ◽  
Financial Analysis ◽  
Simulation Models ◽  
Industrial Enterprise ◽  
Simulation Experiments ◽  
Financial Condition ◽  
Model And Simulation ◽  
Proposed Model ◽  
Software Product

The article develops economic and mathematical models as a tool for conducting factor financial analysis of the prospects for the development of an industrial enterprise. The functioning of the developed economic and mathematical models is based on the DuPont model, which allows analyzing the dynamics of the company’s profitability in the course of two-factor and three-factor financial analysis. The proposed model tools are based on the convergence of deterministic financial analysis methods embedded in the DuPont model and simulation methods that allow analysis under the influence of random factors. The constructed economic and mathematical models for forecasting profitability use the company’s retrospective data on its financial condition: the amount of profit, revenue, assets, and equity. The constructed simulation models are implemented in the OMEGA software product and included in the computer technology for predicting the profitability of an industrial enterprise. The architecture of the proposed tools is presented, and the results of simulation experiments performed on models are demonstrated.

scholarly journals METHODOLOGICAL PRINCIPLES OF EVALUATING ECONOMIC POTENTIAL OF INDUSTRIAL ENTERPRISE SUSTAINABLE DEVELOPMENT

2018 ◽  
Vol 1 (2(14)) ◽  
pp. 141-149 ◽  
Author(s):  
Olexandr Yuriiovych Yemelyanov ◽  
Oksana Bogdanovna Kurylо ◽  
Tetiana Oleksiivna Petrushka
Keyword(s):  
Sustainable Development ◽  
Economic Development ◽  
Industrial Enterprise ◽  
Preliminary Evaluation ◽  
Economic Potential ◽  
Development Potential ◽  
Industrial Enterprises ◽  
Financial Condition ◽  
Methodological Principles ◽  
Sustainability Policy

Urgency of the research is determined by the urgent need to increase the competitiveness and improve the financial condition of Ukrainian industrial enterprises on the basis of their transition to sustainable development. Target setting. The implementation of measures for building a sustainable model of enterprise economic development requires a preliminary evaluation of the economic potential of enterprise sustainable development. Actual scientific researches and issues analysis. The study of the principles of enterprise economic development is a key issue for many scientists. In particular, the conditions and mechanisms of building innovative model of economic development of Ukraine were developed, the methods of evaluating economic development potential of enterprises were presented, and the peculiarities of implementation of sustainability measures were analyzed. Uninvestigated parts of general matters defining. The issue of quantitative evaluation of enterprise sustainability development potential remains unresolved. The research objective. The aim of this article is to develop methodological principles for evaluating economic potential of sustainable development of industrial enterprises as a prerequisite for developing scientifically sound sustainability policy. The statement of basic materials. The article presents the typology of enterprise sustainable development kinds. The criteria for the development are suggested. The effect of sustainability measures on the level of economic development of enterprises is analyzed. The method of economic potential evaluation of sustainable development of industrial enterprises using the system of evaluation indicators is presented. Conclusions. The employment of the developed methodological approaches to evaluation of the economic potential of industrial enterprise sustainable development will enhance the efficiency of management decisions on establishing sustainable development programmes in the enterprises.

scholarly journals Peculiarities of analysis of enterprise's own capital in modern conditions

2020 ◽  
Vol 12 (1) ◽  
Author(s):  
N. Kuprina ◽  
T. Markova ◽  
M. Stupnytska ◽  
O. Volodina
Keyword(s):  
Financial Analysis ◽  
Practical Importance ◽  
Industrial Enterprise ◽  
Scientific Result ◽  
Accounting Standard ◽  
National Regulation ◽  
Industrial Enterprises ◽  
Equity Analysis ◽  
Reserve Capital

The article deals with the structure of the company's own capital and the definition and formation ofits individual elements, such as registered and reserve capital, in accordance with the normative accountingdocuments and legislative acts of Ukraine. The classification of the equity (invested and accumulated capital) of the enterprise by the National (Regulation) accounting standard 1 "General requirements for financialstatements" and by sources of its formation has been considered. The necessity of formation and use of acomprehensive approach to the financial analysis of the company's equity in the management system hasbeen analyzed and substantiated. The scientific result of the research is the formation of a comprehensiveapproach to the financial analysis of the equity of an industrial enterprise, which is relevant in the currentmarket conditions of operation of enterprises and covers the analysis of its dynamics, structure, turnover,profitability, risk and its protection. The calculations according to the formed approach have been made onthe basis of data of the enterprise of confectionery industry. The practical importance of the work is directedto the application of this method of equity analysis as a tool of financial analysis in the modern conditions ofmanagement of industrial enterprises to ensure the efficiency of their activities and management.

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