ENSURING OF FINANCIAL STABILITY AND SOLVENCY

Abstract

Article considers the importance and necessity of financial management of organization, ensuring financial stability as a key functional of development in conditions of market transformations and increasing uncertainty of economic environment. Determining the financial stability of economic entity is possible by assessing its financial condition, analyzing such areas as formation, distribution, expenditure of financial resources, using financial methods for evaluating financial indicators. Significance of analysis of financial condition of enterprise is revealed in order to identify the main opportunities for improving the quality and efficiency of functioning of its economic activities. Comparative analysis of financial condition of the organization of the well-known methods of Russian scientists-economists V. V. Kovaliov, V. G. Savitskaya and E. G. Zhulina is carried out, on the basis of which their advantages and disadvantages are identified. The necessity of assessing the financial situation of the organization is determined, as well as the importance of such a direction of determining financial stability as forecasting the financial condition of the company for a short-term period for developing possible alternative options for making decisions to eliminate all kinds of negative risks and threats.