EDN: GOAXMF
Authors:
GANISHIN Artem Viktorovich
Abstract.
In the conditions of competition and current uncertainty, the most important strategy of any commercial organization is to ensure the economic efficiency of its economic activities. The relevant analysis of solvency and assessment of the risk of insolvency allows us to determine how effectively the management of the organization's own and borrowed funds functions, how much the organization is solvent in the future. Based on the experience of existing methodological approaches to economic analysis, the article highlights the problems that arise when analyzing the solvency and assessing the bankruptcy of domestic companies, and also provides assumptions for analysis that allow improving the quality of analytical procedures. The importance of analyzing the solvency of an organization, identifying and assessing the risk of its insolvency increases in the conditions of market relations, which today are subject to external shocks and uncertainty of the business environment. The management of companies should conduct an analysis of the financial condition and bear full economic responsibility for the results of the economic activities of companies to shareholders, employees, banks and creditors. At this stage, the task of conducting a relevant economic analysis of solvency and conducting an assessment of bankruptcy risks, which would show all the "narrow" zones of business development, remains non-trivial and has recently received an increasingly deep theoretical basis and methodological elaboration, which must be constantly tested in practice on the data of specific domestic companies. The differentiation of assets by the degree of liquidity, and liabilities by urgency may rest on the problem of ambiguity of estimates, since the formality and static nature of accounting do not allow us to obtain a true estimate of the economic value of the assets or investments involved. In this regard, analysts are forced to use rather sophisticated methods of adjustments and "cleaning" of reporting indicators in order to determine their reliable values.
Keywords:
bankruptcy analysis, solvency analysis, basis, bankruptcy, insolvency, assessment, solvency, risks, average industry value, economic activity, financial stability, economic effect
