COMPARATIVE ANALYSIS OF METHODS FOR EVALUATING THE FINANCIAL CONDITION OF AN ENTERPRISE
Abstract
One of the most important characteristics of the financial and economic activities of the enterprise in the external environment is its financial condition. Factors in assessing financial condition are considered solvency and financial stability. The importance and priority of conducting an analysis of the solvency and financial stability of an enterprise is not in doubt, since it helps to determine the probability of calculating obligations based on the results of its own financial and economic activities, to predict the level of return on total capital, and also to assess the degree of dependence of the enterprise on external sources of financing and probability his bankruptcy. There are many methods for assessing the financial condition of an economic entity, which differ from each other as a system of indicators used for an objective assessment of the financial situation, and the stages of its implementation. The article contains a comparative analysis of methods for assessing the financial condition of an enterprise of such authors as O.A. Tolpegina, G.V. Savitskaya, T.I. Grigorieva, V.I. Barilenko and A.D. Sheremet. Based on the analyses, it was concluded that the methods of scientists and economists O.A. Tolpegina and G.V. Savitskaya allow a deeper and more comprehensive diagnosis of the financial condition of the enterprise. The authors consider it necessary to calculate liquidity, solvency, net assets and financial stability. Unlike other economists, they write about the importance of comparing the financial condition of an enterprise with the effect obtained from inflation. To this end, O.A. Tolpegin and G.V. Savitskaya proposes to group balance sheet items taking into account inflation rates, dividing them into monetary and non-monetary. An analysis of their correlation in the future will help to formulate a flexible policy for managing financial flows and reduce inflationary losses. The advantages of the methods are also the fact that the authors pay considerable attention to the development of ways of financial recovery of the enterprise and forecasting future results of its activities.
Keywords: solvency; forecasting; financial stability; financial condition; financial ratios.
References
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Authors
Tatyana L. Sergeeva – PhD in Economics, Docent; Associate Professor, Department of Industrial Management, Yaroslav-the-Wise Novgorod State University, Veliky Novgorod, Russia.
E-mail: Tatyana.Sergeeva@novsu.ru. SPIN РИНЦ 5569-0460.
Ekaterina V. Kalinikhina – Student in the Master’s programme, Yaroslav-the-Wise Novgorod State University, Veliky Novgorod, Russia. E-mail: katya.kalinihina@mail.ru.
For citation:
Sergeeva T.L., Kalinikhina E.V. Comparative Analysis of Methods for Evaluating the Financial Condition of an Enterprise // BENEFICIUM. 2020. No. 2 (35). pp. 50-57. (In Russ.). DOI: http://doi.org/10.34680/BENEFICIUM.2020.2(35).50-57.
