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Financial Diagnostics of Enterprises in the System of Financial Controlling
Ischenko N. A.

Ischenko, Nina A. (2023) “Financial Diagnostics of Enterprises in the System of Financial Controlling.” Business Inform 12:312–316.
https://doi.org/10.32983/2222-4459-2023-12-312-316

Section: Finance, Money Circulation and Credit

UDC 658.15

Abstract:
The aim of the article is to substantiate the expediency of applying financial diagnostics as part of the system of financial controlling of enterprises. The article discusses the essence and main tasks of financial diagnostics of enterprises. It is determined that the purpose of financial diagnostics is to assess the dynamics of enterprise development and the formation of a strategy and tactics for further activities. Methods of financial diagnostics of enterprises in the system of financial controlling are proposed, which includes five following stages: 1. Diagnostics of financial sustainability of enterprise. 2. Diagnostics of liquidity and solvency of the enterprise. 3. Diagnostics of the company’s business activity. 4. Diagnostics of the profitability of the enterprise. 5. Diagnostics of the level of financial potential of the enterprise. A diagnostics of the financial condition of an agricultural enterprise was carried out according to the proposed methodology and it was found that in 2020 and 2021 the enterprise had an unstable financial condition and an average level of financial potential, in 2022 the company was threatened with bankruptcy, and it had a crisis financial condition and a low level of financial potential. It is found that the stability of the financial condition of the agricultural enterprise can be restored provided that the working capital is augmented by increasing the profitability of economic activity. The necessity of using the mechanisms of financial stabilization as part of the system of anti-crisis financial controlling is substantiated. Financial stabilization of the agricultural enterprise will be consistently carried out in the following main stages: elimination of insolvency; restoration of financial sustainability; changing the financial strategy in order to accelerate economic growth. Each stage of financial stabilization of the agricultural enterprise corresponds to certain mechanisms: operational, tactical and strategic.

Keywords: financial controlling, financial diagnostics of enterprises, methods of financial diagnostics of enterprises, anti-crisis financial controlling, mechanisms of financial stabilization: operational, tactical, strategic.

Tabl.: 4. Bibl.: 8.

Ischenko Nina A. – Candidate of Sciences (Economics), Associate Professor, Associate Professor, Department of Finance, Banking and Insurance, Central Ukrainian National Technical University (8 Universytetskyi Ave., Kropyvnytskyi, 25006, Ukraine)
Email: [email protected]

List of references in article

Berdar, M. M. “Finansovyi kontrolinh yak skladova systemy upravlinnia stiikym rozvytkom pidpryiemstva“ [Financial Controlling as Constituent of System Management by Steady Development of Enterprise]. Investytsii: praktyka ta dosvid. 2017. http://www.investplan.com.ua/pdf/18_2017/8.pdf
Biliak, Yu. V., and Stariuk, V. V. “Diahnostyka finansovoho stanu pidpryiemstva v systemi kontrolinhu“ [Diagnosis of the Financial Status of the Enterprise in the Control System]. Efektyvna ekonomika, no. 7 (2022). DOI: https://doi.org/10.32702/2307-2105.2022.7.19
Ishchenko, N. A. “Bankrutstvo pidpryiemstv ta napriamy yoho podolannia“ [Bankruptcy of Enterprises and Ways to Overcome It]. Aktualni problemy ekonomiky ta pidpryiemnytstva v umovakh vyklykiv i zahroz. 2023. http://dspace.kntu.kr.ua/jspui/handle/123456789/12784
Ishchenko, N. A. Finansovyi potentsial orhanizatsii vyrobnytstva [Financial Potential of the Production Organization]. Kropyvnytskyi: Ekskliuzyv-System, 2021.
Korbutiak, A. H., and Shevchuk, Yu. O. “Finansovyi kontrolinh yak skladnyk upravlinnia finansamy pidpryiemstva“ [Financial Control as a Component of Financial Management of the Enterprise]. Naukovyi visnyk Uzhhorodskoho natsionalnoho universytetu. Seriia «Mizhnarodni ekonomichni vidnosyny ta svitove hospodarstvo», no. 39 (2021): 89-94. DOI: https://doi.org/10.32782/2413-9971/2021-39-16
Ptashchenko, L. O., and Serzhanov, V. V. Finansovyi kontrolinh [Financial Controlling]. Kyiv: TsUL, 2016.
Sablina, N. V., and Kuzenko, T. B. Finansovyi kontrolinh [Financial Controlling]. Kharkiv: Vyd-vo KhNEU im. S. Kuznetsia, 2019.
Tereshchenko, O. O., and Babiak, N. D. Finansovyi kontrolinh [Financial Controlling]. Kyiv: KNEU, 2013.

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