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Improving the Methodology for Assessing the Security Level of Financial and Economic Interests of an Enterprise
Mishchuk I. V.

Mishchuk, Ievgeniia V. (2020) “Improving the Methodology for Assessing the Security Level of Financial and Economic Interests of an Enterprise.” Business Inform 2:245–252.
https://doi.org/10.32983/2222-4459-2020-2-245-252

Section: Economics of Enterprise

Article is written in Ukrainian
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UDC 338.47:656

Abstract:
The aim of the article is to improve the methodology for assessing the level of security of the financial and economic interests of the enterprise. It is substantiated that in order to achieve this goal it is necessary to calculate the amount of profit before tax, which is not enough to state the fact of satisfying the interests of financial solvency and sufficiency of profit. The relevant components of this security are differentiated. The classification defined in the article makes it possible to more objectively select security indicators and, on this basis, qualitatively integrate them into the general system of assessing the security of the financial and economic interests of the enterprise. As indicators were chosen a model for predicting the probability of bankruptcy – to assess the level of security of financial solvency, and the absolute value of profit – to assess the level of security of profitability. The testing of the above proposals has been carried out. For this purpose, we used the actual data of PJSC Zaporizhzhya Iron Ore Plant for 2003–2018. It was revealed that during the analysis period the plant did not achieve neither very high nor high level of security of financial and economic interests. Often the level of this type of security at the plant was low or minimal. The stated methodology is of practical importance, since it allows the express method, in the presence of public access information, to assess the level of security and, on this basis, make appropriate managerial decisions. The proposed approaches can be used both within the enterprise – to assess its own security, and to determine its level relative to various groups of contractors. Prospects for further research in this direction are the identification of the relationship between the security level of the financial and economic interests of the enterprise and other factors of its internal and external environment, as well as the development of appropriate management measures.

Keywords: security, profitability, financial viability, security level.

Fig.: 1. Tabl.: 1. Formulae: 10. Bibl.: 10.

Mishchuk Ievgeniia V. – Candidate of Sciences (Economics), Associate Professor, Associate Professor, Department of Accounting, Taxation, Public Management and Administration, Kryvyi Rih National University (11 Vitaliia Matusevycha Str., Kryvyi Rіh, Dnіpropetrovsk region, 50027, Ukraine)
Email: [email protected]

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