ASSESSMENT OF THE LEVEL OF FINANCIAL AND ECONOMIC SECURITY OF THE ENTERPRISE IN CONDITIONS OF INSTABILITY: THEORETICAL AND METHODOLOGICAL ASPECT

Abstract

In scientific work the review of methodological approaches to the assessment of the level of financial and economic security of the enterprise is represented. The resource (investment), circular, system, infrastructure (cluster) and process approaches are the leading in the determination of the main indicators of economic security of business entity among them. Opportunities of expert approaches (method of expert evaluations) are identified to determine the level of financial and economic security of the enterprise. It is shown, that the leading in determination of the main figures of financial-economic security entity are resource, circular, system, infrastructure, cluster and process approaches. The generalized methods of the formalized evaluation of the level of financial and economic security of the enterprise (Express-analysis, modeling, regression analysis, expert assessments, trending, etc.) are represented. It is proved, that the exacerbation of state of financial-economic security is caused by the adoption of inappropriate management decisions, particularly regarding the attraction and efficient use of financial resources. We propose the use of methods of forecasting of financial and economic security of the enterprise on the basis of accounting time factor (temporal criterion), during which the reaction of the company's management has to happen (in the form of the adoption and implementation of managerial decisions) on threats to the financial-economic nature. It is provided, that the assessment of the level of financial and economic security of the enterprise data must be accompanied by in-depth analysis of individual aspects of financial-economic activity of the enterprise (solvency analysis, analysis of creditworthiness, analysis of return on capital etc.). You should consider the increased threats that are associated with the so-called "non-economic effects" for the company.

Authors and Affiliations

Dmytro Kovalenko, Vladyslav Nekhoroshykh

Keywords

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  • EP ID EP288754
  • DOI -
  • Views 90
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How To Cite

Dmytro Kovalenko, Vladyslav Nekhoroshykh (2017). ASSESSMENT OF THE LEVEL OF FINANCIAL AND ECONOMIC SECURITY OF THE ENTERPRISE IN CONDITIONS OF INSTABILITY: THEORETICAL AND METHODOLOGICAL ASPECT. Міжнародний науковий журнал "Інтернаука". Серія: "Економічні науки", 1(6), 33-38. https://europub.co.uk/articles/-A-288754