METHODS OF BANKRUPTCY ASSESSMENT IN THE ANALYSIS OF THE FINANCIAL SUSTAINABILITY OF SERVICES ENTERPRISES
Journal Title: Приазовський економічний вісник - Year 2018, Vol 1, Issue 6
Abstract
Foreign and domestic methods of analysis of the probability of bankruptcy of an enterprise are investigated, their advantages, drawbacks, and possibility of application are determined. Stabilization of financial enterprises is a priority direction of financial stabilization of a separate enterprise and the economic system as a whole. A practical solution to this problem is possible only by replacing the financial policy with its flexible forms and ensuring the stability of the functioning of the service sector enterprises. Depending on the probability of the occurrence of bankruptcy, the following regulatory measures are taken: financial rehabilitation or transition to crisis management. The assessment of the likelihood of bankruptcy is a priority for modern financial analysis. This is due to the growing number of enterprises in a crisis situation. So, timely detection of crisis phenomena can prevent the bankruptcy of many enterprises and, for this purpose, it is necessary to use certain models of diagnostics of a crisis financial state. Consequently, there is no doubt that there is a close relationship between the financial stabilization of the economic system as a whole and ensuring the stability of the financial condition of enterprises. The article deals with the features of using bankruptcy assessment models with factors that can affect them and models of crisis situation assessment at the enterprise; practical implementation of these models at a particular enterprise in the sphere of services is presented.
Authors and Affiliations
V. V. Lazorenko
Keywords
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