The analysis of methodical approaches regarding the valuation of financial security of the enterprise

Larysa Anatoliyivna Syvolap


Abstract


Introduction. One of the main indicators of the activity of the enterprise, as well as of potential development in future serves the financial condition of the enterprise, which is a measure of financial security of a business entity. Before the implementation of measures for improving the level of financial security it is necessary to assess the real state of enterprise. However, this procedure is quite difficult to implement, because there is no single approach to the evaluation of financial security, which complicates the choice of criteria for its evaluation.

The aim of this work is to investigate the existing methodos for assessing the financial security of the enterprise, which allow to determine the necessary criteria and parameters in order to define it.

Method (methodology). The following methods have been used in the article: theoretical methods, the method of analysis and synthesis, generalization and abstraction.

Results. We have analyzed a number of approaches of scientists as for the assessment of financial security of the enterprises. They are as the following ones: the indicative; resource-functional approaches; approach based on the criteria of "minimum cumulative loss that is applied to security"; traditional and non-traditional methods of evaluation, those that are offered to assess the level of financial security as a component of economic security; those that are offered to assess the level of financial security on the basis of the definition of generic financial activity; those are that offered as the integral indicator to determine the financial security of the enterprise. The structure of financial security consists of the following elements: fiscal, monetary, foreign exchange, banking, investment, stock, insurance. 


Keywords


financial security; methodological approaches; analysis; indicators; criteria; functional structure

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References


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Science Works Journal "Ekonomichnyy analiz"

ISSN 1993-0259 (Print)  ISSN 2219-4649 (Online) DOI: 10.35774/econa


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