ALGORITHM OF THE INTEGRAL ASSESSMENT OF THE ENTERPRISE FINANCIAL AND ECONOMIC ACTIVITY

Author(s): Izmaylov M.K.

Rubric: Economy

DOI: 10.21777/2587-554X-2021-4-33-40

Release: 2021-4 (39)

Pages: 33-40

Keywords: financial and economic activity, enterprise finance, integral assessment, integral indicator, financial stability, solvency, liquidity

Annotation: The article studies topical issues of the development of the methodology for analyzing enterprise financial and economic situation. The object of the study is the processes of enterprise financial support whereas the subject is the methodological foundations of the integral assessment of the financial and economic condition of enterprises. The purpose of this article is to substantiate an algorithm for the integral assessment of organization’s financial and economic position. The analysis of sources made it possible to systematize the existing methods of analyzing financial and economic situation. The author proposes an algorithm for assessing the level of organization’s financial and economic position according to the general integral indicator based on the criterion indicators analysis such as enterprise solvency and liquidity, financial stability and asset quality level. The algorithm has certain advantages since it is based on the principle of differential analysis that simplifies the process of revealing weaknesses in the enterprise financial condition. The proposed approach makes it possible to comprehensively assess the enterprise financial and economic activities and determine control tasks for each structural unit, and forecast it for long-term periods with help of one integral indicator. The research uses the following methodology: monographic method, functional and structural analysis and comparative analysis.

Bibliography: Izmaylov M.K. ALGORITHM OF THE INTEGRAL ASSESSMENT OF THE ENTERPRISE FINANCIAL AND ECONOMIC ACTIVITY // Economics and Management. – 2021. – № 4 (39). – С. 33-40. doi: 10.21777/2587-554X-2021-4-33-40