DEVELOPMENT OF METHODS FOR ASSESSING THE EFFECTIVENESS OF ENTERPRISE PROFIT MANAGEMENT: A PROBABILISTIC-STATISTICAL APPROACH
Journal: Bulletin of Donetsk National University. Series С. Economics and Law (Vol.2, No. 2)Publication Date: 2020-07-03
Authors : Polshkov Yu. N.;
Page : 204-212
Keywords : : enterprise; control; efficiency; profit; assessment; analysis; method; an approach; coefficient; rating.;
Abstract
The article further developed methods for assessing the effectiveness of enterprise profit management for the year using a probabilistic-statistical approach to the processing of accounting and financial data. It is proposed to analyze the values of ten ratios, among which indicators of financial stability, financial autonomy, etc. For each time period, the average value of indicators of the financial condition of the enterprise is calculated. A rating evaluation system has been formed that assigns a qualitative characteristic of profit management efficiency and a rating according to international standards. Depending on the assessment received, it is recommended that company management develop appropriate profit management measures.
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