PROSPECTS FOR THE IMPLEMENTATION OF INDIVIDUAL METHODS IN THE PRACTICE OF ASSESSING THE FINANCIAL SECURITY OF CORPORATE STRUCTURES
Journal Title: Проблеми системного підходу в економіці - Year 2018, Vol 2, Issue 64
Abstract
The article proves the necessity for evaluating the financial safety of joint-stock companies in order to identify threats and dominant components of their future development. The purpose of the article is to formulate positive and negative characteristics of the aggregate approach and approach to valuation, which is based on the use of the cash flow indicator. The author defined the essence of these methods, and also reflects the algorithm for calculating the financial security index. In particular, the benefits of the aggregate approach are: the availability of information for calculation, relative simplicity, proximity to the identification of the type of financial stability of the enterprise, the existence of an algorithm for interpreting the results, and the disadvantages – low level of reliability of information, research limited areas of the enterprise, taking into account only the results of operating activities of the joint-stock company. At the same time, it is established that an approach based on cash flows of a joint-stock company has such advantages as expediency for use in operational planning; relative simple calculations; use of internal financial information, as well as certain shortcomings – does not take into account all threats to financial security; displays a set of absolute indicators with a lower level of information load. The conditions are established, according to which the aggregate approach and approach based on the estimation of cash flows of enterprises make it possible to implement them in the practice of assessing the financial security of enterprises of corporate type.
Authors and Affiliations
O. V. Stashchuk
Keywords
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