Theoretical Problems of Integral Assessment of Financial Condition of Agricultural Organizations

Issue № 6, 2022, article № 12, pages 107-111

Section: Competition of young authors

Language: Russian

Original language title: ТЕОРЕТИЧЕСКИЕ ПРОБЛЕМЫ ИНТЕГРАЛЬНОЙ ОЦЕНКИ ФИНАНСОВОГО СОСТОЯНИЯ СЕЛЬСКОХОЗЯЙСТВЕННЫХ ОРГАНИЗАЦИЙ

Keywords: BUSINESS ORGANIZATIONS, FINANCIAL STABILITY, INTEGRAL ASSESSMENT, CURRENT LIQUIDITY RATIO, FACTOR ANALYSIS

Abstract: The financial stability of agricultural organizations is a generalizing result of their total entrepreneurial activity. Nevertheless, despite solid state support, many organizations in the industry fail to ensure their financial well-being. The reasons for this are mainly shortcomings in the systemic planning of their activities - operating, investment, and financial. This situation is largely due to the complexity of the methodological approaches to financial analysis published in the scientific literature. Since the starting materials for science-based system planning are the current and dynamic indicators of financial analysis. The paper analyzes various approaches to the integral assessment of the financial condition of business entities published in the economic literature. Alternative calculations were carried out according to the reporting data of Agrofirma Zai LLC for 2020. The results of solving the problem turned out to be completely different. It is well known that the quality of theoretical models for solving any issues is assessed by the level of their reflection of the true situation. However, the studied models of a comprehensive assessment of the financial situation of farms did not meet these requirements. It is established that such an indicator is the current liquidity ratio. It is functionally related to seven other coefficients that independently characterize the financial condition of organizations. In this paper, we carried out a method of factor analysis of changes in the current liquidity ratio in dynamics and in comparison with reference farms.

Authors: Ibragimova Railia Marselovna