COMPREHENSIVE SYSTEM OF FINANCIAL AND ECONOMIC SECURITY OF THE ENTERPRISE (original) (raw)

The Concept of Assessing the Level of the Enterprise Economic Security

Revista Gestão Inovação e Tecnologias, 2021

Several problems can be identified in assessing the economic security of organizations. Most of the developed techniques in this area involve the assessment of the financial component of economic security using methods for assessing the probability of the bankruptcy of the enterprise. At the same time, there are no unambiguously recommended evaluation methods; often enterprises are limited to any one complex methodology. Any evaluation of the financial component of the security is reduced to the cost-benefit analysis and evaluation of balance sheet liquidity and the financial stability of the organization, without the formation of an integral indicator. This approach does not consider the nature of internal processes and assesses the final impact of these “processes” on the indicators of financial statements (based on which the assessment of the financial component of economic security is formed). Also, one of the problems of assessing economic security using mathematical models is ...

The essence and phases of the comprehensive system of ensuring the economic security of enterprise

International Journal of Learning and Change, 2017

In present conditions of instability of the environment, entrepreneurs assume the most of the business risks. In this regard, problems of ensuring the economic security become particularly important. The comprehensive system of ensuring the economic security of enterprise was worked out and the results are presented in the article. This system is able to ensure enterprise efficient operation and sustainable development based on implemented set of measures. Four main phases of economic security are identified: planning; monitoring of external and internal environment; identification and implementation of measures to respond to threats; and the control and improvement of the system. Suggested recommendations of strengthening each functional component of economic security can be taken into account by the management of enterprise. Implementation of the proposed mechanism of ensuring the economic security of enterprise serves as a basis to achieve its strong economic performance and development of the economy as a whole.

Assessment of Economic Security of Enterprises: Theoretical and Methodological Aspects

Business: Theory and Practice

The main objective of the study is to formulate a new approach of assessing economic security for industrial enterprises, indicating a different approach from existing ones, to allow for the very specifics of economic activity, and to allow the use of qualitative and quantitative indicators. We justified that the effectiveness of ensuring the economic security for industrial enterprises is determined by the quality of the information basis for the actions of security entities. A methodological approach is proposed that provides for the determination of the security level at three levels: “indicator – functional component – financial indicator” and allows to obtain reliable information about the economic security of oil and gas, engineering and food industries by taking into account the specifics of their economic activities.

Dynamics of Development of Financial Safety of the Enterprise as a Complex Economic Security of the State

Baltic Journal of Economic Studies, 2017

The purpose of the paper is to the performance of the evaluation of the financial safety of the enterprise. To achieve the stated aim it has been necessary to solve the following tasks: to use the approaches as to the evaluation of the financial safety of the enterprise, to introduce the analysis system of the financial safety of the enterprise, to consider the structural logical scheme of the analysis procedure of the financial safety of the enterprise, to give the description of the integral indicator of the financial safety of the enterprise; to evaluate and compare companies in the paltry industry according to the level of their financial safety. Methodology. Methodologial basis of the research are the scientific methods, such as : method of logical generalization, dialectical method of recognition of the economic phenomena-to give the definitions of «economic security of the enterprise», «financial security of the enterprise», grouping method, analysis which were used to estimate indicator position of the financial security of the poultry company, graph method which was applied to compare integral estimation of the enterprise;methods of synthesis, deduction, induction, method of the expert estimation to calculate and implement integral marker of the financial security of the poultry company;method of the correlation analysis which was used to identify weight coefficients of the all sided figures of the solvency , business activity, profitability, financial steadiness, pay ability. The priority in methods using was defined by the particular tasks and goals. Results of the research showned into a wide set of the ways of financial enterprise safety as a component of economic security of the state. There is an evaluation of enterprise financial safety on the basis of calculations of integral indicator, including combined indices of profitability (unprofitability), pay ability or the lack of that, business activity (fading), financial steadiness (unsteadiness), efficiency (inefficiency) of the property state. Finally, the given work presents the system of financial safety of the enterprises, including the agents of financial security and subsystems of management to provide financial safety of the enterprises. Practical implications. The given methodology of the integral estimation of the enterprise financial security on the basis of all sided markers of the profitability, financial steadiness , business activity has been implemented successfully into production Joint Venue 'Kyiv Poultry Farm'. Value/originality calculations are done on the basis of the introduction of the personal formula of the integral estimation of the financial security of the enterprise as a component of economic security of the state

Conception of Modeling the System of Ensuring Financial Economic Security

SCIENTIFIC BULLETIN OF POLISSIA, 2019

Urgency of the research. Functioning of the mechanism of ensuring financial economic security within the system of strategic management of a business entity is based on the use of information and analytical support along with economic mathematical modeling. Target setting. Economic mathematical modeling has a significant cognitive potential to describe the laws and patterns of the studied systems functioning. Its use leads to the formation of the main tasks for ensuring the financial economic security system and the creation of the concept of modeling such a system as a theoretical foundation to shape a model basis of its description. Actual scientific researches and issues analysis. The issues of the managerial mechanisms for the financial economic security formation and the modeling tools use are highlighted in the scientific publications by O. Zyhriy, T. Vasyltsiv, L. Menggang, D. Nanto, J. Jürjens, O. Illiashenko, V. Heiets, and many others. Uninvestigated parts of general matte...

The model of eight cases in the dynamic assessment of an economic entity financial security

2016

Among various types of enterprise security, the financial security constitutes the most important one. It can be explained by the fact that all the problems an enterprise deals with should be looked at from the point of view of finances, as all the enterprise activities have its reflection in them. In the market economy finances became a verifier whether the activities taken up by an enterprise are right and effective, both currently and in the future. Financial security became an important value each enterprise aims to achieve and then sustain, improve and guarantee. The purpose of this paper is to present a possibility to use the model of eight cases in the dynamic assessment of financial security of an economic entity. Analysis of the literature on the subject and the case study of an economic entity whose financial data were used to assess the financial security belong to the methods used in this publication.

Methodology of Forming Model for Assessing the Level Financial Security

Management Theory and Studies for Rural Business and Infrastructure Development, 2020

A map of a multi-level algorithm for assessing financial security has been developed, the use of which determines the feasibility of applying operational, tactical and strategic anti-crisis measures. It is proved that the effectiveness of anti-crisis measures substantially depends on information support, the formation of which at the proper level is possible when applying the developed model for assessing the financial security of an enterprise. The use in the model of quantitative and qualitative indicators characterizing the main parameters of the financial activity of the enterprise, allows to characterize the level of security and forms the analytical basis for the adoption and implementation of the most appropriate anti-crisis measures. Using an expert assessment, the main indicators for assessing the financial security of the enterprise are identified.

The problems of the enterprises' financial security

Харків: ХДУХТ, 2015

Financial ability of the enterprise to effective functioning and development is determined by the stability to negative menaces influencing its potential, characterizing the level of its financial protection. This makes the entrepreneurs pay more attention at the problem of providing financial safety of the enterprise. The authors in the article consider the main approaches to the essence of the financial safety of the enterprise, that allowed suggest own definition. The main condition for the achievement of the enterprise’s financial safety is its ability to resist the menaces, which can do financial harm to the enterprise. The essence of the menaces as the forms of dangers is considered in the article; the menaces to the enterprise’s financial safety are systematized; the corresponding generalized classification is proposed. The necessity of objective and unprejudiced assessment of the enterprise’s financial safety with the aim of timely diagnostics and the menaces prevention as well as elaboration of adequate and effective strategy of managing financial safety of the enterprise are proved in the article.

Financial Security of Enterprises

Procedia Economics and Finance, 2015

Financial security of enterprises is one of major components of the national security of any country, because the enterprises are tax payers, which are forming the revenue side of the budget and creating workplaces. Level of wages, purchasing power of the population, unemployment rate and gross domestic product depends on their financial condition. In addition, companies provide the population with goods, including basic necessities. Therefore, we need to control the financial condition of enterprises constantly to avoid the financial crisis and the subsequent bankruptcy. It is necessary to know the methods and metrics of assessment, the factors that affect financial security and the levels of financial security to conduct financial security assessment.

Enterprise financial security as a component of the economic security of the state

Investment management & financial innovations, 2018

The article deals with problems of economic and financial security ensuring both in companies and state. The Corruption Perceptions Index has been analyzed as one of the most important indicators in this sphere. The following research methods have been used: generalizing theoretical knowledge, comparison method, method of analysis and synthesis, statistical analysis, factual analysis. The authors give their own definitions to such concepts as "security", "financial security of the enterprise", "economic security of the enterprise". There have been also systemized the threats to the economic security of the enterprise, as well as means of its strengthening. The rating of Ukraine according to the Corruption Perceptions Index has been identified. Also, the perspectives of future research have been defined. Ganna Blakyta (Ukraine), Tetiana Ganushchak (Ukraine) BUSINESS PERSPECTIVES LLC "СPС "Business Perspectives"