PROBLEMS OF METHODS FOR DETERMINING THE FINANCIAL CONDITION OF AN ENTERPRISE ON THE EXAMPLE OF JSC «VOSTOCHNAYA VERF»

• Main Author: BYKOVSKAYA, N.V
• Format: Article
• Language: English
• Published: Association “Professional analytics of autopoiesis systems" 2021-02-01
• Series: Карельский Научный Журнал
• Online Access: https://repository.kvantor.org/public/105/3313

The effective use of financial resources that ensure the work of any organization largely determines the results of economic activities. It follows from this that the key point in the functioning of the company is taking care of finances. In modern market conditions, organizations have acquired the independence of running and managing the economy, bear full economic responsibility for their decisions, and also manage the results of labor and resources. In this case, the financial success and well-being of the organization depends entirely on the effectiveness of the analysis of the financial condition. For a reliable analysis of bankruptcy, it is necessary to choose an assessment methodology that is suitable for the activities of the organization. This is the main problem of analysis: a large number of different ways create difficulties for diagnosing enterprise problems. When using standard approaches, the number of exceptions in the interpretation of the analysis results increases, and this causes an increase in the set of methods for analyzing the financial condition of an enterprise. With all this, a large number of different coefficients does not always improve the quality of the analysis, but often complicates its interpretation.