Ways to Assess and Improve the Financial Sustainability of Russian Organizations Development
Oksana Takhumova1, Dmitry Ryakhovsky2, Tatyana Satsuk3, Rashid Kochkarov4, Olga Mirgorodskaya5
1Oksana Takhumova*, Department of Economic Analysis, Kuban State Agrarian University named after I.T. Trubilina, Russia.
2Dmitry Ryakhovsky, Crisis Management and Finance Department in Institute of Economics and Crisis Management, Tax advice Department of the Financial university under the Government of the Russian Federation, Russia.
3Tatyana Satsuk, Head of the Department of Accounting and Audit, Emperor Alexander I St. Petersburg State Transport University, Russia.
4Rashid Kochkarov, Department of Commodity Science and Technology of Public Catering of the Stavropol Institute of Cooperation (Affiliate) ANO VO Belgorod University of Cooperation, Economics and Law, Russia.
5Olga Mirgorodskaya, Department of Economics and Management, Stavropol Institute of Cooperation (Affiliate) ANO VO Belgorod University of Cooperation, Economics and Law, Russia.
Manuscript received on September 22, 2019. | Revised Manuscript received on October 20, 2019. | Manuscript published on October 30, 2019. | PP: 1568-1571 | Volume-9 Issue-1, October 2019 | Retrieval Number: A1360109119/2019©BEIESP | DOI: 10.35940/ijeat.A1360.109119
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© The Authors. Blue Eyes Intelligence Engineering and Sciences Publication (BEIESP). This is an open access article under the CC BY-NC-ND license (http://creativecommons.org/licenses/by-nc-nd/4.0/)
Abstract: In the implementation of production activities, the objective condition for the sustainable development of business entities is a comprehensive approach to the analysis of financial indicators of the organization. The problem of ensuring sustainable growth has been relevant for several decades and is the subject of close attention of Western and domestic scientists. The work clarifies the methodological tools relating to the assessment of competitive positions in the domestic market, provided that solvency is maintained. The essence of sustainable development at the macro and micro levels is revealed. The main focus is on the assessment of financial stability indicators as an information base for making effective management decisions. The paper discusses the theoretical foundations of the analysis of liquidity and solvency of companies. The types of the state of liquidity of the balance sheet of the company are clarified. The essence, as well as the relationship of solvency and liquidity, as one of the main areas of the financial condition of the organization is revealed. An algorithm for determining the potential solvency of an organization is presented; a mechanism for increasing the financial return on assets is considered. On the example of the organization of the building complex, the indicators of financial indicators were evaluated, critical values were determined for the studied indicators. A set of measures to improve financial performance is proposed. The presented material may be interesting for the development of public policy instruments for the implementation of the concept of sustainable development of the regional system.
Keywords: Financial indicators, sustainable development, Russian region, assess.