scholarly journals DIAGNOSTICS OF THE ENTERPRISE’S FINANCIAL CONDITION DURING THE CRISIS

2021 ◽  
Author(s):  
Daria Yasynska ◽  
◽  
Olena Dobrovolska ◽  
Keyword(s):  
Economic Activity ◽  
Financial Stability ◽  
Economic Security ◽  
Working Capital ◽  
Systematic Calculation ◽  
Financial Condition ◽  
Normal Limits ◽  
Accounts Payable ◽  
Crisis Conditions

The paper reveals the essence of diagnostics of the financial condition of an agricultural enterprise during crisis and stipulates the necessity for its systematic implementation. As there are a lot of companies in Ukraine facing the crisis and as a consequence go bankrupt, which in turn negatively affects the dynamics of repayment of accounts payable, it is extremely important to study the financial condition of the company, dynamics of its payables and receivables in order to find the best ways to overcome the crisis and the normalize its economic activity. The article offers economic proposals for stabilizing the economic activity of the enterprise during the crisis. The article also proposes the systematic calculation of the enterprise’s liquidity and keep to these indicators within the normal limits. In its turn, there are several levels of financial security of the enterprise: absolute (the enterprise has sufficient working capital for operation); normal (the enterprise has enough funds to buy inventory and cover costs); satisfactory (the enterprise does not have enough working capital and it resorts to medium-term or long-term liabilities); critical (the company uses long-term loans to finance its activity) and crisis (the company is unable to meet its obligations). The financial condition and financial and economic activity of the enterprise is assessed by its solvency. Solvency acts as an external sign of financial stability, the essence of which is the security of current assets by long-term sources of formation. The success of the enterprise depends on the analysis of risks of threats to the management of financial and economic security of the business entity and leveling and consolidation of efforts in times of crisis. Thus, by analyzing the financial and economic activity of the enterprise, you can determine the dynamics of changes in economic performance. Control of financial and economic security of the enterprise will allow to carry out economic activity at a normal level and in case of deterioration to predict and prevent the onset of crisis conditions that can lead to bankruptcy.

scholarly journals Tools for assessing the financial stability of the enterprise

2020 ◽  
pp. 35-41
Author(s):  
A. L. Boltava ◽  
V. A. Budtueva ◽  
V. A. Romanova
Keyword(s):  
Financial Stability ◽  
Absolute Stability ◽  
Working Capital ◽  
Financial Situation ◽  
Advantages And Disadvantages ◽  
Financial Condition ◽  
Economic Entity ◽  
Normal Stability

This article describes in detail one of the main tools for assessing the financial stability of an enterprise. The study describes a method for analyzing the financial stability of an enterprise based on relative indicators: its own working capital, the aggregate of its own and long-term funds, the total amount of sources for the formation of reserves and costs of an economic entity, and shows practical calculations on the example of an economic entity. The study reveals the essence of the method for determining one of the four types of financial situation: absolute stability, normal stability, unstable and crisis financial condition. The types are characterized based on the values of the threecomponent indicator of financial stability. Based on the results of the analysis of financial stability based on relative indicators, conclusions and proposals are made, with emphasis on the stabilization of the financial situation. The advantages and disadvantages of using the studied tool for assessing the financial stability of the enterprise are also highlighted.

scholarly journals Assessment of the impact of the Covid-19 pandemic on the economic security of Russian oil companies based on IFRS reporting

2021 ◽  
Vol 9 (2) ◽  
pp. 21-25
Author(s):  
Mariya Bulatenko ◽  
Vera Grishina ◽  
Nadezhda Grishina
Keyword(s):  
Financial Stability ◽  
Financial Statements ◽  
Economic Security ◽  
Equity Capital ◽  
Energy Prices ◽  
Oil Companies ◽  
Financial Condition ◽  
Financial Investments ◽  
Crisis Conditions ◽  
The Impact

During the quarantine measures introduced due to the spread of COVID-19, there was a decrease in demand for energy resources, which, while maintaining supply from oil companies, led to a sharp decline in energy prices. As a result, oil industry enterprises are in crisis conditions and now it is important to assess the level of their economic security. In the article, the source of information on the financial results and changes in the financial position of oil companies is their public financial statements prepared in accordance with IFRS. The authors assess the impact of the Covid-19 pandemic on the economic security of PJSC NK Rosneft, PJSC NK Lukoil, PJSC NK Bashneft, PJSC Tatneft, PJSC Gazprom Neft on the basis of a horizontal analysis of financial investments, reserves, equity capital and revenues of oil companies under IFRS for 2019 and 2020. The article provides a calculation and analysis of liquidity and financial stability indicators, as well as an assessment of the likelihood of bankruptcy of enterprises according to three models based on IFRS reporting. The most vulnerable to the consequences of quarantine measures was PJSC NK Rosneft, which is confirmed by the data of an assessment of its financial condition.

scholarly journals PROBLEMS FOR ANTI-CRISIS ANALYTICAL PROCEDURES OF FINANCIAL STABILITY OF TRADE ENTERPRISES

2020 ◽  
Author(s):  
Ludmila Anipko ◽  
◽  
Irina Klimovych ◽  
Keyword(s):  
Financial Stability ◽  
Regression Equation ◽  
Regression Coefficients ◽  
Regression Equations ◽  
Financial Condition ◽  
Financial Audit ◽  
Analytical Procedures ◽  
Financial Monitoring ◽  
Complex Indicators

Anti-crisis analytical procedures the financial stability of trade enterprises (hereinafter – AP FS) are part of the internal financial audit of economic activity. The system of financial monitoring is practically acceptable for the implementation of AP FS. The developed classification allows to determine the ability of the enterprise to implement AP FS. An analytical method has been developed that allows, based on the analysis of the financial condition and multivariate forecast, to develop measures to ensure the financial stability of the trade enterprise continuously. By interpolation, the study of the current financial situation, and extrapolation – a multivariate forecast, the numerical value of the integrated (complex) indicator that characterizes financial stability is determined by the regression equation, including factors listed in the classification, the significance of which is determined by regression equations. Based on the analysis of the numerical values of the regression coefficients, it is possible to determine the most important factors that affect the financial stability of trade enterprises, and those that have almost no effect on it. Components with significantly small numerical values of the regression coefficients can be generally discarded. This will reduce the number of indicators that affect financial stability and thus, you can reduce the number of components in the regression equation to the two three most important, which allows you to solve the problem of optimization. The expediency of using integrated and complex indicators is shown. The obtained results are only an information basis for the economic administration of the trade enterprise in making management decisions, the formation of long-term plans. The developed approaches to assessing the financial stability of enterprises are universal and can be used for enterprises in other sectors of the economy.

scholarly journals Economic Insecurity as Systemic Risk

2015 ◽  
Vol 62 (s1) ◽  
pp. 29-36
Author(s):  
Ion Pârţachi ◽  
Eugeniu Gârlă
Keyword(s):  
Systemic Risk ◽  
Economic Activity ◽  
Financial Stability ◽  
Banking Sector ◽  
Activity Index ◽  
Analytical Description ◽  
Economic Security ◽  
Economic Insecurity ◽  
Corporate Sector ◽  
New Approach

Abstract Difficulties related to the problem of evaluating the economic security / insecurity, including the threshold of economic security / insecurity, namely the impossibility of giving an analytical description of a criterion entirely made up of a set of indicators describing the degree of economic security / insecurity, makes more and more researchers, including the authors, to seek indirect ways of finding solutions, for example considering systemic risk., as a measure of evaluation. Thus, starting from a new approach, and given the specific components of systemic risk to financial stability: the banking sector, corporate sector, public sector, volume of credits, economic activity index the threshold vector of economic security / insecurity can be developed. The study shows that systemic risk can be used to measure the threshold of economic security /insecurity.

scholarly journals Analysis of sensitivity of a company's financial sustainability to random factors

2020 ◽  
Vol 210 ◽  
pp. 13002
Author(s):  
Ilona Avlasenko ◽  
Lyudmila Avlasenko ◽  
Isa Peshkhoev ◽  
Yuri Podkolzin ◽  
Oksana Savelyeva
Keyword(s):  
Financial Stability ◽  
Unstable State ◽  
Financial Indicators ◽  
Financial Condition ◽  
Distribution Parameters ◽  
Normal Stability ◽  
Normal Law ◽  
The Impact ◽  
Enterprise Activity

In this article the problem of influence of accidental changes of financial indicators of enterprise activity (equity, long-term/short-term borrowed capital, reserves and costs, etc.) caused by uncertainty of market conditions on values of indicators of financial stability is considered. The study is conducted on the basis of the assumption that the studied financial indicators of the enterprise are random values with a normal law of distribution. To estimate the distribution parameters of these random values, statistical data on the values of the financial indicators of the enterprise for previous years are used. Following estimates of probabilities of financial stability levels were built: absolute stability, normal stability, unstable state and crisis financial state. With the help of statistical modeling, numerical experiments were conducted in order to determine the level of financial condition and conclusions were formulated on the impact on the financial condition of the enterprise of the parameters of the distribution of probabilities of random variables - indicators of the financial and economic activity of the enterprise.

scholarly journals Economic Security Formation of Enterprise Under the Conditions of Steady Development

2021 ◽  
Vol 10 (1) ◽  
pp. 561
Author(s):  
Oksana Hryvkivska ◽  
Nataliia Kotvytska ◽  
Natalia Ivanova ◽  
Nataliia Pryimak ◽  
Iryna Salkova
Keyword(s):  
Economic Activity ◽  
Mechanical Engineering ◽  
Economic Security ◽  
Focal Points ◽  
Fixed Assets ◽  
Business Entities ◽  
The Cost

The most relevant aspects of achieving economic security of enterprises are determined in the article. The assessment of the level of economic security was conducted using the method of analysis of the functioning environment. The focal points of the assessment are interests, threats and resources. The possibility of economic security strengthening of business entities is traced using analysis of economic activity of mechanical engineering companies of Vinnytsia region of Ukraine as an example. At the same time, businesses that cannot cover the cost of resources with the income from goods sale in the current year were singled out. Businesses entities positioning in the functioning environment in the context of economic security motivation (interests - increase in enterprise income, threats - growth of current and long-term liabilities, resources - use of fixed assets and employees), allowed to find opportunities to increase the efficiency of enterprises that to the greater extent are related to the manufacturing of machinery and equipment.

Economic Security of Enterprise and the System of its Ensuring

2015 ◽  
Author(s):  
Alina Ianioglo ◽  
Tatjana Polajeva ◽  
Dmitri Parmacli
Keyword(s):  
Sustainable Development ◽  
Economic Activity ◽  
Financial Stability ◽  
Scientific Literature ◽  
Economic Security ◽  
Negative Consequences ◽  
Internal Factors ◽  
National Science ◽  
System Functioning ◽  
The Relationship

In modern conditions of unpredictability of economic activity, enterprises represent an open dynamic system. Functioning and development of the enterprises is influenced by numerous external and internal factors. Multiple threats of economic security may lead to negative consequences in form of solvency and financial stability violations, profitability reduction and other deterioration in the enterprise. In this regard, the relevance and the need of ensuring economic security of enterprises are increasing. The issues of economic security are relatively new to the national science. At the same time, a sufficient number of scientific literature devote to this topic. In this article is presented the analysis and the systematization of various definitions of economic security. On its basis, the authors have identified five main approaches. The relationship between economic security and other economic categories such as sustainability, effectiveness, development and independence was explained. In order to counter threats of economic security and to ensure stable functioning of enterprise, the system of economic security is developed and presented in the paper. Under this system, main ways of increasing the level of economic security of enterprises was presented. Ensuring of economic security of each enterprise serve as a basis for sustainable development both businesses and the economy as a whole.

Formation of the financial and economic security system at the enterprise

2021 ◽  
Vol 72 (5) ◽  
pp. 78-84
Author(s):  
A. Dovgal ◽  
N. Parkhomenko
Keyword(s):  
Financial Stability ◽  
Negative Impact ◽  
Legal Protection ◽  
Economic Security ◽  
Economic Activities ◽  
Financial Flows ◽  
Financial Activity ◽  
Financial Condition ◽  
Security Indicators ◽  
The Right

The necessity of formation of financial and economic security at the enterprise in modern conditions of unstable financial situation in the country is defined. The concept of «financial and economic security» is substantiated, especially that financial and economic security is the financial and economic condition of the enterprise, through which the financial and economic interests of the company should be protected from negative external and internal factors and create the necessary financial and economic conditions for continuous successful activity and sustainable development of the enterprise. Statistics on the difficult financial security situation for both enterprises and the country are presented. The main indicators of the system and components for the formation of financial and economic security at the enterprise are analyzed. It is determined that the main factors of financial and economic security of the enterprise are: the level of financial resources; stability and firmness of the financial condition of the enterprise; balance of financial flows; the nature of financial and economic activities of the enterprise and the degree of its efficiency. Stages of formation of financial and economic security are to determine the types and causes of negative impact on the company and determine its financial condition, assessment of the current level of its security. Indicators for assessing the efficiency of the enterprise and the current state of financial and economic security of the company are presented. All these measures are aimed at ensuring the balance and sustainability of financial and economic security of the company, which consists in the effective implementation of currency, investment, settlement, stock, monetary policies, etc. as a prerequisite for the effectiveness of economic activity of the business entity. The following ways of improvement of financial and economic system are offered: improvement of normative-legal protection of all spheres of activity; ensuring the reliability of staff; protection of information used by the enterprise; effective monitoring of finances and risks of financial activity; increasing financial stability and independence by ensuring the efficiency of core activities, competitiveness of products and / or services; the right choice of strategies for market behavior.

ACCOUNTING AND ANALYTICAL INSTRUMENTS OF DEBT SETTLEMENT MANAGEMENT

2018 ◽  
Author(s):  
Oleksandr Kostenko ◽  
◽  
Alla Savchenko ◽  
Maryna Skoryk ◽  
◽  
...  
Keyword(s):  
Economic Activity ◽  
Financial Stability ◽  
Tax Base ◽  
Analytical Instruments ◽  
Accounts Payable ◽  
Strategic Goals ◽  
Methodological Approaches ◽  
Business Entities ◽  
Analytical Tools ◽  
Normal Feature

The article states that the economic activity of any enterprise is almost impossible without the occurrence of receivables, because between business entities there are constantly different conditions for buying or selling products, goods, works and services. Scientific and methodological approaches to the management of receivables and payables are studied. Accounting and analytical tools to increase its efficiency are substantiated. It is proved that the occurrence of receivables and payables is a normal feature of the economic activity of the enterprise, and every business entity is interested in optimizing its volume. Settlements with debtors and creditors are related to inflows and outflows. The organization of accounting, analysis and effective management of settlements with debtors and creditors is of strategic importance to businesses and the results of this process affect the financial stability, tax base of the enterprise, the formation of income and expenses and, consequently, to achieve strategic goals its development in market conditions and ensuring competitiveness, profitability of economic activity. Attention is focused on the fact that the excess of accounts payable poses a threat of large debts of the enterprise and, as a result, loss of solvency. At the same time, timely identify inadmissible types of receivables and payables, which, first of all, include overdue debts to suppliers, overdue debts to customers for more than three months, overdue debts on wages and payments to the budget, extrabudgetary funds. A critical analysis of the views of individual scholars was conducted and it was noted that the existing classifications of debt are incomplete and cover only one feature.

scholarly journals ASPECTS OF EXTERNAL AND INTERNAL THREATS TO THE ECONOMIC SECURITY OF THE ORGANIZATION

2021 ◽  
pp. 111-115
Author(s):  
A.I. Shakiryanova
Keyword(s):  
Market Economy ◽  
Financial Stability ◽  
Economic Security ◽  
Security System ◽  
Process Elements

The article discusses the theoretical aspects of the implementation of the economic security system of the organization, defines the main elements of the implementation of the economic security system of the organization. The tasks that contribute to the achievement of the goal of implementing the organization's economic security system are outlined. The implementation of a permanent system for tracking and monitoring all potential threats to the economic security of the business should be the result of the work of all parts of the organization. The process elements that contribute to the implementation of the security system are highlighted, as well as tactical measures that contribute to the solution of tasks for the implementation of the economic security system. In the author's opinion, the consideration of internal threats to the economic security of the enterprise is relevant. It is emphasized that the implemented system of economic security of the organization should be constantly updated and modernized, which will ensure financial stability and long-term development in a market economy.

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