Ways to Strengthen the Financial Condition of Russian Commercial Organizations at the Present Stage

The development and implementation of effective measures aimed at preventing crisis situations in the activities of Russian organizations and stabilizing their financial condition is of particular importance at the present stage. A stable financial state is determined by such a state of the organization's resources, in which various sources of funds are used to cover reserves and costs, both own and borrowed, and their ratio does not reduce the organization's solvency. The parameters of the financial condition of the organization are formed under the influence of a combination of factors — external and internal. Taking into account all these factors, competent and comprehensive analysis of the financial condition enables the financial and economic services to identify effective management decisions. The main reserves for strengthening the financial condition of Russian organizations at the present stage are the increase in the size of current assets through the search for new sources of financing; reducing the volume of accounts receivable and improving work with debtors; sale of excess, hall-stingy stocks.