Open AccessDEVELOPMENT OF BASIC METHODOLOGY FOR EVALUATING FINANCIAL SITUATION OF ORGANIZATIONS
Author(s) -
Anton Vladimirovich Antonov
Publication year - 2017
Publication title -
vestnik astrahanskogo gosudarstvennogo tehničeskogo universiteta. seriâ: èkonomika
Language(s) - English
Resource type - Journals
eISSN - 2309-9798
pISSN - 2073-5537
DOI - 10.24143/2073-5537-2017-2-96-100
Subject(s) - order (exchange) , financial analysis , set (abstract data type) , finance , point (geometry) , business , actuarial science , economics , computer science , mathematics , geometry , programming language
The financial situation of an organization can be defined as a multidimensional economic category that characterizes, by means of a set of indicators, the placement, ownership and use of financial resources, as well as their sufficiency at each point in time. In connection with this, it can be stated that an assessment of the financial condition of an economic entity allows to conclude that there is an effective management of resources and financial indicators in the period under study. This article reveals the shortcomings associated with the assessment of the financial condition of the organization by calculating relative indicators (financial ratios). The article proposes a model for assessing the financial condition of the organization, based on the standard ordering of the growth rates of the four groups of financial ratios. At the first stage of the study, a reference matrix of the rates of indicators change is built; at the second stage - the matrix of the actual rates of indicators change. At the final stage of the study, an integral indicator is formed, calculated on the basis of a comparison of the reference and actual matrices, allowing to assess the financial condition of the organization for a certain period of time.