Open AccessModel Development to Ensuring the Enterprise Financial Security
Author(s) -
A.V. Agibalov,
Lyudmila Zaporozhtseva,
Victoria B. Malitskaya,
Maria Chirkova,
Natalia Gorlova
Publication year - 2019
Publication title -
international journal of recent technology and engineering
Language(s) - English
Resource type - Journals
ISSN - 2277-3878
DOI - 10.35940/ijrte.d8999.118419
Subject(s) - business , financial security , economic security , finance , strategic financial management , accounting management , accounting , economics , marketing , economic growth , strategic planning , accounting information system
In modern economic conditions, it is necessary for each organization to create a model of ensuring financial security that would be resistant to financial risks and actively stimulate the socio-economic development of an economic entity. The financial security of an enterprise is a complex, multifaceted concept that depends on many factors that arise both within the enterprise and beyond. That is why the financial security of enterprises is of great importance in ensuring the stability of the national economy and the need for an integrated method to financial security management, taking into account current business trends. The systematization and improvement of methodological to assess the financial security of commercial organizations is relevant and necessary. The article explores ways to assess the financial security of an organization and presents an innovative method that allows, based on the integrated indicator, to monitor changes in the level of financial security in dynamics.