Bibliographic description of the article for the citation:
Ольга Шеремет. Methods of assessment and ways to improve the financial condition of the enterprise//Science online: International Scientific e-zine - 2021. - №. - https://nauka-online.com/en/publications/economy/2021/2021/22-4/
Annotation:
In this article, we examined in detail the main methods for assessing the financial condition of enterprises and identified the most effective of them that can be applied to assess domestic enterprises. The methods of assessment that we have analyzed include a comprehensive diagnosis of such key indicators of an enterprise as solvency and profitability, which are the key to its successful development. The most effective is factor analysis, which reveals the influence of factors on individual financial results that negatively affect the organization and allows you to understand the cause of the factor. We analyzed the financial condition of the Ukrainian enterprise Antonov and identified its key weaknesses. We found that the financial and economic activities of SE ANTONOV are financed primarily from their own working capital. This company has high indicators of liquidity and financial independence, and the indicators of its financial condition of SE ANTONOV for the study period indicate stable work and correct management decisions. The financial condition of an enterprise is its basis, on which all indicators of its activity depend, because a stable financial condition is the key to its efficiency and effectiveness. Based on the analyzed financial results, we proposed the main ways to improve the financial condition both for the enterprise in question and for all enterprises in the aggregate. On the basis of the implementation of the proposed measures, not only will the potential of the enterprise be preserved, but also its financial stability and stability will be strengthened, the solvency will improve and increase and a normal financial situation will be restored.