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FINANCIAL SECURITY ASSESSMENT AS AN INSTRUMENT OF AN ENTERPRISE FINANCIAL STRATEGY FORMATION

Journal: International Journal of Economics and Society (Vol.1, No. 3)

Publication Date:

Authors : ;

Page : 87-95

Keywords : enterprise; financial security; analysis; methods of assessment; risks; financial situation.;

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Abstract

One of the most important issues of the research of the enterprise financial security is the problem of analysis and assessment of its level, which in its turn is the basis for the development and implementation of an adequate mechanism of the financial security management. The article considers the main approaches to assessing the financial security of an enterprise. The essence of the methods are analyzed, their advantages and disadvantages are defined. The personal system of the financial security assessment of an enterprise that includes the assessment of the financial situation of the enterprise, the level of functional components of the financial security and the financial risks assessment and that is the instrument of the enterprise financial strategy formation is propounded. The practical importance of the proposed system of the enterprise financial security assessment is in the developed comprehensive approach to define the financial security. It will allow to increase of financial solutions reasonableness, since it will help to diagnose a complex of external and internal risks and define specific actions to improve the enterprise financial security.

Last modified: 2015-11-29 02:48:17