THEORETICAL ASPECTS, THE CONCEPTUAL APPARATUS AND THE PROBLEMS OF ANALYSIS OF THE FINANCIAL CONDITION OF THE ORGANIZATION

• Published in: Научен вектор на Балканите Vol. 3; no. 5
• Main Authors: Mikhalyonok, N.O, Schneider, V.V, Danilov, A.P
• Format: Journal Article
• Language: English
• Published: LLC (EOOD) “SCIENTIFIC CHRONOGRAPH 31-08-2019
• ISSN: 2603-4840
• DOI: 10.34671/SCH.SVB.2019.0303.0023

Modern conditions of economic relations determine the importance of theoretical aspects and tasks of analyzing the financial condition of the organization of the microeconomic space. It should be noted that environmental conditions are subject to change, which determines their impact on the process of conducting financial and economic activities of the organization. so resource constraints, fierce competition creates inconsistency in the socio-economic system, which provokes the emergence of economic crises. The negative impact of the crisis reduces the financial stability of the organization / economic entity by increasing costs, reducing profit loss growth. The instability of the economic environment and the instability of partnerships determine the constant monitoring and search for ways to improve the financial condition of the organization and its effectiveness. As a result, the relevance of the issues of rationality of tasks and the development of an effective methodology for analyzing the financial condition of an organization determine its priority and have a positive impact on economic and legal responsibility. Undoubtedly, in modern conditions, the importance of analyzing the financial condition of an organization has increased; the results of the analysis are one of the most important characteristics of the economic activity of any organization. In turn, the level of the financial condition of the organization determines its competitive position, indicates the presence of business potential, evaluates the guarantees of economic interests of various groups of stakeholders. The relevance of the topic of a scientific article is due to the fact that analysis and assessment of the financial condition of the organization are important in financial work, and correctly set tasks give a reliable and operational result to such work.