Open AccessFINANCIAL SUSTAINABILITY OF THE ENTERPRISE IN MODERN CONDITIONS
Author(s) -
Tetyazarova,
Alina Havryk
Publication year - 2021
Publication title -
ènergosbereženie, ènergetika, ènergoaudit
Language(s) - English
Resource type - Journals
eISSN - 2313-8890
pISSN - 2218-1849
DOI - 10.20998/2313-8890.2021.05.06
Subject(s) - financial stability , finance , stability (learning theory) , accounting management , financial analysis , business , economic stability , economics , accounting , financial system , computer science , macroeconomics , accounting information system , machine learning
The article considers the concept of financial stability of the company in modern conditions, reveals the real situation on this issue, indicates ways to improve the situation. An important direction is to ensure an adequate level of financial stability, which guarantees the rational use of resource potential and stable development in the future. Based on the issues and purpose of the study, an analysis of scientific papers was conducted to determine the concept of financial stability. Differences among scientists in understanding the concept and the problem of lack of clear directions and programs to improve the financial stability of the enterprise are identified. Taking into account the opinions of numerous authors, the determining internal and external factors influencing the financial stability of the enterprise are highlighted. It is determined that today economic and financial factors have the greatest impact on financial stability. The concept of internal and external financial stability is considered. To assess financial stability, it is proposed to use a system of indicators, as one specific group is not enough to characterize the level of stability. The negative consequences of financial instability with unsatisfactory indicators of financial stability are considered. Ways to increase financial stability are proposed. The importance of choosing a financial strategy as a lever in the development of the company is determined. The analysis of the financial stability of the enterprise is considered as a consistent, step-by-step consideration of all parameters related to the conduct of economic activity. Forecasting and analyzing measures to improve financial stability, it is noted that in the modern economy an important component of the process of developing and implementing the financial strategy of the enterprise is financial controlling. The importance of planning and control to ensure financial stability is revealed. Recommendations for stabilizing the company's financial activities have been developed.