GENERALIZATION OF EXISTING METHODS FOR ASSESSING THE LEVEL OF FINANCIAL SECURITY AS THE MAIN ELEMENT OF THE COMPANY'S ECONOMIC SECURITY

Journal Title: Бізнес-навігатор - Year 2018, Vol 1, Issue 44

Abstract

The purpose of the article is to generalize the existing methods of determining the assessment of the level of financial security as the main element of the company's economic security. The current stage of economic development in Ukraine and the world necessitates the adoption of rather complicated decisions on the part of the management on how to protect the company from the negative factors of the external and internal environment, as well as the actions of competitors. The development of methods for assessing financial security of an enterprise has an important methodological value, since objective and timely determination of its level is one of the main tasks of management. The analysis of the methods of assessing the level of financial security of the enterprise, given in the scientific literature, has shown that among scientists there are different approaches, both to the choice of the methods themselves and the system of indicators or criteria of calculation. The generalization made it possible to identify the main ones, namely: 1. Methodology based on the functional components of financial security as the main component of economic security. 2. Methodology of the effectiveness of the mechanism of providing financial and economic security. 3. Method of evaluation of the level of financial and economic security of economic entities, developed on the basis of the economic-mathematical approach and uses a functional dependence. 4. Methodology for assessing the level of financial and economic security developed on the basis of the approach of assessing the financial stability of the enterprise and determined by the integral indicator. 5. The methodology for assessing the level of financial and economic security, developed on the basis of a resource-functional approach, which determines the level of financial and economic security, based on the assessment of the degree of use of resources of economic entities for each functional component. 6. The methodology for assessing the level of financial and economic security of an enterprise is determined on the basis of ball assessments. 7. The methodology for assessing the level of financial and economic security, developed on the basis of the approach to studying cash flows, so the assessment of the effectiveness of cash flow formation is carried out on the basis of the calculation of net cash flow. 8. Methodology for assessing the level of financial and economic security, developed on the basis of the indicator approach. 9. Methodology for assessing the level of financial and economic security, built on the basis of economic and mathematical modeling approaches. 10. Methodology for assessing the level of financial and economic security, using a graphical approach. Prospects for further research consist of a more detailed consideration of issues related to the development of methodological approaches to assessing the level of economic security of an enterprise in order to select the best for the diagnosis of external and internal threats.

Authors and Affiliations

T. Melikhova

Keywords

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  • EP ID EP659396
  • DOI -
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How To Cite

T. Melikhova (2018). GENERALIZATION OF EXISTING METHODS FOR ASSESSING THE LEVEL OF FINANCIAL SECURITY AS THE MAIN ELEMENT OF THE COMPANY'S ECONOMIC SECURITY. Бізнес-навігатор, 1(44), -. https://europub.co.uk/articles/-A-659396