Diagnostics of Financial Condition of Enterprise with the Aim of Both Preventing Crisis and Bankruptcy Identification
Journal Title: Бізнес Інформ - Year 2016, Vol 2, Issue
Abstract
The article discloses the essence of concept of «diagnostics of financial condition of enterprise with the aim of both preventing crisis and bankruptcy identification», which should be understood as process of evaluating the present financial status of enterprise, the dynamics of change of this status, as well as future prospects by means of a detailed analysis of a specific set of business indicators for effective managerial decision-making, aimed at both crisis prevention and identifying causes of bankruptcy development. It has been found that key business indicators in a system for diagnostics of enterprise's financial condition with the aim of both preventing crisis and bankruptcy identification are: 1) the indicator of profitability; 2) the indicator of liquidity; 3) the indicator of solvency; 4) the indicator of financial independence; 5) the indicator of business activity.
Authors and Affiliations
Ruslan Skrynkovskyy, Zhanna Semchuk, Yurii Vizniak, Khristina Horichko
Keywords
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