Financial Monitoring Tools of Crisis Phenomena in Business Activities
Journal Title: International Journal of New Economics, Public Administration and Law - Year 2018, Vol 1, Issue 1
Abstract
The article is devoted to the problems of of financial monitoring procedure of entrepreneurial activity, that is aimed at revealing of the crisis development characteristics in the enterprise, the place of its origin, the causes of the crisis phenomena and the assessment of their possible consequences. Considerable attention is paid to the sequence of financial monitoring taking into account the peculiarities of management and the process of making economic decisions at the enterprise. There was carried out an overview of modern tools for assessing and diagnosing the financial condition of enterprises and proposed a complex of indicators for financial monitoring of the crisis phenomena development in this research. Diagnostics and analysis of the financial performance of the enterprise, reflecting the efficiency of its system as a whole, allows to regulate its activity in connection with the obtained financial monitoring data. The article points out that in order to objectively interpret the results of financial monitoring, it is necessary to rely on absolute and relative indicators reflecting the presence of crisis simulations in the enterprise, or its weak signals. It was noted in the article that special attention in the implementation of financial monitoring should be paid to the indicators of the pre-crisis state of the enterprise and the tendencies of their changes, and to the threat of the enterprise's transition to the stage of rapid development of the crisis. Thus, monitoring of key financial parameters, based on information obtained during financial monitoring, is the basis for the formation and adoption of management decisions.
Authors and Affiliations
Nina Kushnir, Diana Voitovych, Olena Gruschenko
Keywords
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- EP ID EP622045
- DOI 10.31264/2545-093X-2018-1(1)-33-41
- Views 40
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