scholarly journals EFFECTIVENESS OF ANALYSIS OF THE ASSESSMENT OF FINANCIAL CONDITION OF THE PRODUCTION ENTERPRISE IN MODERN ECONOMIC ENVIRONMENT

2021 ◽  
Author(s):  
Alla Tkachenko ◽  
Vitaliy Kryzhanivskiy
Keyword(s):  
Financial Stability ◽  
Sequential Analysis ◽  
Difficult Situation ◽  
Complex Concept ◽  
Financial Condition ◽  
Domestic Enterprise ◽  
Profitability Analysis ◽  
Modern Economic ◽  
The Given ◽  
Coefficient Method

With increasing internal and external competition in the market, domestic enterprises due to ill-considered financial and economic policy, lose their position and may be on the verge of bankruptcy. This, in the future, will negatively affect the economy of the whole country as the production activity of enterprises is one of the factors influencing the accumulation of Ukraine's GDP. Therefore, the question arises about the effectiveness of the analysis of their financial condition for further effective operation of the enterprise. Because financial condition is a complex concept and is the result of the interaction of all elements of the system of financial relations of the enterprise and is determined by a set of production and economic factors and is characterized by a system of indicators reflecting the availability, location and use of financial resources. The article contains an analysis and analytical conclusions when assessing the financial condition on the example of a domestic enterprise and shows why this analysis should be performed at the enterprise. In the article this analysis is carried out by the coefficient method, by sequential analysis of 4 parts of the financial condition of the enterprise: analysis of basic financial and economic indicators, solvency analysis, financial stability analysis and profitability analysis of the research enterprise. Data for analysis were shown in the relevant tables. After the analysis of each link, certain analytical conclusions were made about the situation at the enterprise itself. The analysis showed an extremely difficult situation at the enterprise in each of the links, which can lead to the bankruptcy of the domestic enterprise, if you do not correct the situation in time. After the given analytical conclusions, on their basis the general conclusion on the posed problem about expediency and necessity of performance of the analysis of a financial condition at the domestic enterprises was created. And also, in accordance with the results of the analysis, the proposed measures to improve the functioning of the above research enterprise.

scholarly journals Economic condition of the enterprise and its evaluation indicators

2021 ◽  
pp. 41-46
Author(s):  
Liudmyla SEMERUN ◽  
Antonina PORKHUN ◽  
Anna SHMYRINA
Keyword(s):  
Financial Stability ◽  
Economic Condition ◽  
Enterprise Management ◽  
Complex Concept ◽  
Industrial Enterprises ◽  
Financial Position ◽  
Financial Condition ◽  
Methods Of Calculation ◽  
Theoretical Generalization ◽  
Definition Of

Introduction. The effectiveness of enterprise management largely depends on an objective, timely and comprehensive assessment of its economic condition. Today there are a number of studies that define the financial condition of the enterprise and reveal the content of this economic category. However, there are some differences between the financial and economic components, so it is necessary to clarify the essence of the concept of "economic condition of the enterprise" and justify the indicators for its evaluation. The purpose of the paper is the research of the concept of "economic condition of the enterprise", formation of a system of indicators for its assessment and implementation of an integrated assessment of the economic condition of PJSC "Odeskabel". Results. The paper presents a theoretical generalization of the essence of the economic condition of the enterprise and provides an author's definition of this category. The economic condition of enterprises is a complex concept that reflects the condition of the enterprise in the process of activity and is characterized by a system of indicators that determine the financial position of economic entities, the efficiency of their operation and the level of competitiveness in the market. The system of indicators for assessing the economic condition of industrial enterprises is substantiated. The stages and methods of calculation of a complex integrated indicator are revealed, which takes into account the value of all components of the economic condition of the enterprise and allows to identify problem areas and take measures to neutralize them in the future. Conclusion. The developed integrated indicator for assessing the economic condition of industrial enterprises from the position of its relationship with financial stability, liquidity, efficiency and competitiveness allows you to make better management decisions to determine development priorities in accordance with the planned goals of the enterprise.

scholarly journals The Financial Strategy of Anti-Crisis Management for an Entrepreneur in Modern Conditions of Operation

2020 ◽  
Vol 12 (515) ◽  
pp. 465-470
Author(s):  
H. M. Azarenkova ◽  
Keyword(s):  
Crisis Management ◽  
Financial Stability ◽  
Negative Consequences ◽  
Financial Strategy ◽  
Financial Condition ◽  
Significant Damage ◽  
Wide Range ◽  
Modern Economic ◽  
Business Entities ◽  
Key Aspects

The article is aimed at identifying key aspects of anti-crisis management, in particular the choice of its most effective instruments. It is noted that modern economic entities do operate under the conditions of constant impact of crisis factors. Most entrepreneurs suffer the most significant damage as a result of global financial and economic crises, political instability and a new challenge of the present – the COVID-19 pandemic. All these events require business entities to organize a permanent unit of anti-crisis management, the purpose of which is to minimize or eliminate the negative consequences of crisis phenomena. Among the key aspects of anti-crisis management, the leading place is held by the most adequate instruments for overcoming the consequences of the crisis. The article examines a wide range of modern anti-crisis management instruments and determines that one of the most efficient of them be the anti-crisis financial strategy. In this regard, the priority of the financial aspect of anti-crisis management is substantiated and a special place of anti-crisis financial strategy as its key instrument is proved. The «tree of goals» of the anti-crisis financial strategy is built up as a fundamental element in its development. It is specified that in order to build up an efficient anti-crisis financial strategy, first of all, a comprehensive assessment of the valid financial condition of the corresponding entity is required and the most used indicators of such an assessment are proposed in four directions – assessment of financial stability, liquidity, business activity, and profitability.

DIRECTIONS FOR DEVELOPMENT OF ANTI-CRISIS FINANCIAL MANAGEMENT

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.

FRAUD TRIANGLE ANALYSES IN DETECTING FRAUDULENT FINANCIAL STATEMENT USING FRAUD SCORE MODEL

2020 ◽  
Vol 25 (1) ◽  
pp. 29-44
Author(s):  
Mariati ◽  
Emmy Indrayani
Keyword(s):  
Financial Stability ◽  
Linear Regression Analysis ◽  
Financial Statements ◽  
Multiple Linear Regression Analysis ◽  
External Pressure ◽  
Financial Statement ◽  
Fraud Triangle ◽  
Financial Statement Fraud ◽  
Financial Condition ◽  
Score Model

Company’s financial condition reflected in the financial statements. However, there are many loopholes in the financial statements which can become a chance for the management and certain parties to commit fraud on the financial statements. This study aims to detect financial statement fraud as measured using fraud score model that occurred in issuers entered into the LQ-45 index in 2014-2016 with the use of six independent variables are financial stability, external pressure, financial target, nature of industry, ineffective monitoring and rationalization. This study using 27 emiten of LQ-45 index during 2014-2016. However, there are some data outlier that shall be removed, thus sample results obtained 66 data from 25 companies. Multiple linear regression analysis were used in this study. The results showed that the financial stability variables (SATA), nature of industry (RECEIVBLE), ineffective monitoring (IND) and rationalization (ITRENDLB) proved to be influential or have the capability to detect financial statement fraud. While the external pressure variables (DER) and financial target (ROA) are not able to detect the existence of financial statement fraud. Simultaneously all variables in this study were able to detect significantly financial statement fraud.

ANALYTICAL TOOLS AND MANAGEMENT METHOD OF CASH FLOWS AT THE ENTERPRISE

2017 ◽  
pp. 93-105
Author(s):  
Olha NIPIALIDI
Keyword(s):  
Financial Stability ◽  
Cash Flows ◽  
Sustainable Growth ◽  
Financial Health ◽  
Traditional Assessment ◽  
Financial Condition ◽  
Efficient Management ◽  
Expert Assessments ◽  
Analytical Tools

Introduction. The most important factors for “financial health” of the company are effectively structured cash flows, precondition for sustainable growth and achievement of high end results of economic activity as a whole. Knowledge and practical use of modern methods of organization and efficient management of cash flows enables transition of the company to a new quality of economic development. Purpose. The aim of the article is the research and development of theoretical, methodological and practical recommendations concerning the organization of the management process of cash flows at the enterprise. Results. Methodology of traditional assessment of financial stability of the enterprise, its elements and the factors influencing it can significantly complement and improve through the use of advanced mathematical models that allow to analyze the accuracy and objectivity of expert assessments for determination the level of the financial condition of the enterprise. Conclusion. The system of indicators used in the analysis of cash flows at the enterprises is investigated and systematized. It is advisable to choose those indicators from the total aggregate of indicators that are the most attracted to specific users of accounting information. Methods for analyzing cash flow is supplemented as regards the determination of the integral index of financial stability, which makes it possible to install ranked of the investigated enterprise. Proposals for amendments the methodological approaches to estimating of future cash flows will allow more effectively increase usefulness and reliability of accounting and analytical information for making management decisions.

scholarly journals DON'T JUST SAY THANK YOU: EXPLORATION OF TYPES OF POSTS INSPIRING AND HINDERING DEEP CONVERSATIONS ONLINE

2019 ◽  
Vol 2019 ◽  
Author(s):  
Devayani Tirthali ◽  
Yumiko Murai
Keyword(s):  
Learning Community ◽  
Sequential Analysis ◽  
Online Discussion ◽  
Discussion Forum ◽  
Online Course ◽  
Online Discussion Forum ◽  
Personal Experiences ◽  
Fixed Structure ◽  
The Impact ◽  
The Given

In an open online discussion forum, where there is no fixed structure or a facilitator like a course forum without any assigned themes, every participant is a facilitator shaping the direction and depth of a conversation. How can we as designers then make sure it leads to an engaging learning community that learners keep coming back to beyond the given course period? This paper reports on sequential analysis of 172 posts in 32 threads and close reading of two threads from an open online discussion forum in a free open online course, specifically looking at the impact of participant actions as facilitative moves, to gain better understanding of the types of actions that lead to deeper and sustained engagement with the ideas of interest. Sequential analysis is an approach that estimates which types of sequences of posts or interactions are most likely to occur in a threaded discussion. The results showed that sharing personal experiences attracted most responses, implying that it is important to encourage participants to share questions or cases connected to their personal experiences. In addition, somewhat paradoxically, we found that posts acknowledging responses tend to conclude and close down the conversation while posts that ask diverging questions tend to attract more discussion.

scholarly journals THE EFFECTIVENESS OF ENSURING THE FINANCIAL STABILITY OF THE RESTAURANT BUSINESS IN THE CRISIS COVID-19

2020 ◽  
Author(s):  
Liudmyla Batchenko ◽  
◽  
Liliia Honchar ◽  
Andrii Beliak ◽  
◽  
...  
Keyword(s):  
Financial Management ◽  
Financial Stability ◽  
Hospitality Industry ◽  
Business Environment ◽  
Financial Indicators ◽  
Financial Condition ◽  
The Matrix ◽  
A Chain ◽  
Key Indicators ◽  
Enterprise Policy

The study identifies and systematizes key indicators and criteria for ensuring the financial stability of the restaurant business. The complex and thorough analysis of features of maintenance of financial stability of the enterprises of restaurant business on an example of one of restaurants of a chain of the Japanese kitchen of LLC «Sushiya» is carried out. After analyzing the key indicators of financial and economic activity of the restaurant, using the method of complex calculation of the rating of the financial condition of enterprises in the hospitality industry, the level of financial stability of the studied enterprise is determined. Based on the results of practice-oriented analysis, the ranking of financial management goals by the degree of impact on the financial stability of the enterprise. The mechanism of ensuring financial stability of restaurant business enterprises is modeled. The developed and substantiated mechanism is based on a unique methodology, which, unlike existing ones, is adapted to the field of hospitality, is carried out by specific tactical and strategic tools of financial management, based on the chosen type of enterprise policy; takes into account the dynamics of the main financial indicators of the enterprise, which is planned to implement the mechanism and the possible impact of factors of the external changing business environment. With the help of the matrix of financial strategies of J. Franchon and I. Romane, the position of the restaurant «Sushiya-Lavina» is determined and the methodological tools for improving the efficiency of its financial stability are substantiated.

scholarly journals System of financial sustainability management of forestry enterprises of southern Ukraine

2021 ◽  
pp. 205-211
Author(s):  
I. Diadchenko ◽  
L. Sakharnatska
Keyword(s):  
Financial Stability ◽  
Steppe Zone ◽  
Financial Sustainability ◽  
Economic Potential ◽  
The South ◽  
Sustainability Management ◽  
Financial Condition ◽  
Forest Enterprises ◽  
Forest Lands ◽  
Southern Ukraine

The article considers the possibility of more efficient use of forest resources of the steppe zone of Ukraine, including by improving the level of financial stability of forestry enterprises in the South of Ukraine. For this purpose, on the basis of well-known principles of process algorithmization, a conceptual model of formation of the financial stability management system of forestry enterprises of the South of Ukraine is proposed. The presented model is based on the economic, social and environmental components (subsystems) of forestry enterprises and in each of them the necessary directions (possible effects) for improving the financial condition of economic entities are identified. The main reasons of normative and organizational nature, which make it impossible to increase the economic potential of forestry enterprises in the South of Ukraine, are highlighted. The directions of cooperation of forestry enterprises with local self-government bodies are offered, in particular: conclusion of commercial agreements on reconstruction of existing and creation of new parks and squares, construction of sanatoriums, cultural and entertaining, development of water purification and water-preserving functions of forest plantations. The mechanism of realization of the system of management of financial stability of the forestry enterprises which is based on realization by the forestry enterprises of a complex of the corresponding organizational and technical and administrative actions is presented. which consists in the implementation of the relevant stages of the enterprise, in particular: capitalization of own assets, identification of sources of funding and diversification of activities. It is substantiated as one of the directions of diversification of forestry enterprises, creation of energy crops on forest lands that cannot be used for other needs, and production of pellets from them for further sale. In particular, based on the calculations, it is proved that the proposed direction of diversification of forest enterprises in the South of Ukraine will not only improve their financial condition, but also attract low-value lands that are unsuitable for growing forests and crops, eventually improving their structure and content.

scholarly journals AN INTEGRATED APPROACH TO THE ANALYSIS OF RELIABILITY OF MACHINE-BUILDING ENTERPRISES IN THE INDUSTRY ENVIRONMENT

2019 ◽  
pp. 81-85
Author(s):  
N. Arsenieva ◽  
L. Putyatina ◽  
A. Zheltenkov
Keyword(s):  
Economic Growth ◽  
Financial Stability ◽  
Integrated Approach ◽  
Machine Building ◽  
Competitive Environment ◽  
Complex Concept ◽  
Industry Environment ◽  
The Status ◽  
Methodological Approaches ◽  
Sectoral Development

The purpose of the article is to describe methodological approaches to the complex concept of reliability of engineering enterprises in a competitive environment. The concept of enterprise reliability is proposed to include the following areas of analysis: sustainability of economic growth, financial stability, industrial mobility and market stability. Each of the areas under consideration has its own aspects of analysis and indicators. The definitions of the proposed directions have been given, the need for their joint use in determining the reliability of the enterprise has been substantiated. The main content of the study is to analyze each component of the reliability of the enterprise, the proposed system of indicators that determine them, as well as the most favorable trends in the last time to improve the status and reliability of the enterprise. According to the results of the conducted research, the conclusion about the necessity of development of methods of reliability evaluation of engineering enterprises through the levels to create the structure of sectoral development opportunities has been made.

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.

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