ANALYSIS OF THE FINANCIAL CONDITION AND FINANCIAL RESULTS AS A TOOL FOR EVALUATING THE EFFICIENCY OF THE ENTERPRISE
Abstract
The article investigates the use of analysis of the financial condition and financial results of the enterprise as a tool for assessing the effectiveness of its activities. The purpose of the article is to study the theoretical aspect of the analysis and evaluation of the financial condition and financial results of the enterprise, systematization of directions for improving the mechanism of its implementation, in order to obtain qualitative research results that will lead to an increase in the efficiency of the enterprise and the development of its financial and economic system. Evaluation of the current and future financial condition of the enterprise, its financial results, which are expressed in such indicators as financial stability, solvency, business activity, profitability, etc., determines the general conditions for the functioning and development of the enterprise, the adoption of necessary management decisions, is a fundamental prerequisite for the competitiveness of the subject, its existence in the market. In general, the relevance of the issue under consideration is due to its importance in enterprise management. The methodological basis of the study is general scientific methods – the method of generalization, comparison and description, methods of systematization of data to determine the directions of improving the efficiency of enterprise development. The main purpose and objectives of the analysis of the financial condition and financial results of the enterprise are considered in the article. The main directions of using information on the economic activity of the enterprise for diagnostics of its financial condition are analyzed. It analyses financial and economic indicators of activity of an enterprise: liquidity indicators, indicators of financial stability, profitability and business activity coefficients, which characterize the financial result of activity of an enterprise. It is established that when analyzing the financial condition and financial results of the enterprise, an information base is formed, which serves as the basis for further effective management decisions. It is determined that the simultaneous use of various financial indicators of the analysis of the financial condition and performance results allows a more objective and comprehensive assessment of the efficiency of the enterprise.
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