Methodological tools for express diagnostics of the company’s financial condition in the context of increasing instability
Abstract
The article discusses the methodological aspects of diagnosing the company’s financial condition in the current context of increasing instability and aggressive sanctions imposed on the Russian economy. The authors research the issue of choosing relevant methods of express diagnostics in order to produce an accurate and objective assessment of the company’s financial condition, to identify financial threats and problems, and to prevent bankruptcy. The authors proposed the following criteria for assessment and express diagnostics of the company’s financial condition: liquidity and solvency, business activity, financial stability and financial independence, cost-efficiency, growth rate and probability of the threat of bankruptcy. The methodology proposed by the authors includes the use of such formalized analytical tools as coefficient and comparative analysis, a model for assessing the probability of bankruptcy, and an analysis of the company’s growth rates. The authors of the article illustrate application of the given methods of express diagnostics of the company’s financial condition with the use of accounting records of “Danaflex-Nanо” LLC. The implementation of this methodology enables companies to objectively assess the financial condition, diagnose financial problems in a timely manner, prevent financial insolvency, and improve the quality of financial management.
About the Authors
I. A. Filippova
Kazan (Volga region) Federal University
Russian Federation
Russian Federation
PhD in Economics, Associate Professor
D. A. Akhmetova
Kazan (Volga region) Federal University
Russian Federation
Russian Federation
Student
V. E. Abganeeva
Kazan (Volga region) Federal University
Russian Federation
Russian Federation
Student
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Review
For citations:
Filippova I.A., Akhmetova D.A., Abganeeva V.E. Methodological tools for express diagnostics of the company’s financial condition in the context of increasing instability. Kazan economic vestnik. 2022;(3):24-31. (In Russ.)
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