Abstract
The article discusses the essence of taxonomy, the possibility of using the taxonomic method when conducting a financial analysis of the activities of commercial organizations, gives an algorithm for calculating the integral taxonomic indicator, and also identifies the advantages of the method. The results of the study showed that the taxonomic method allows you to streamline multidimensional objects or processes and, on this basis, calculate a single integral indicator, which allows analysts to make an unambiguous conclusion about the current financial situation in the organization and more accurately predict financial performance. Also, using the method, you can compare the activities of several competing organizations, because it is based on the use of public financial reporting data of organizations.
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