Abstract
In modern economic conditions, the main goal of managing an organization is to provide an effective management model, the main characteristic of which is the construction of a strategy for the development of an organization that will ensure the achievement of the indicators specified in it, the production efficiency of the resources used, financial stability, competitiveness and effective management of the organization's personnel. One of the main elements of building this system is the timely identification of existing risks that directly affect the assessment of the likelihood of insolvency (bankruptcy) of the organization. This article presents the calculations of nine operating models for assessing the level of bankruptcy of an organization, made on the basis of financial statements of a large Russian company engaged in the sale of goods.
Highlights
The economic system of the Russian Federation, like most countries in the world, today is characterized by a high level of instability, primarily due to the spread of the new coronavirus infection COVID-19
In the second quarter of 2020, 20,362 citizens became insolvent, while the increase in the number of court decisions decreased to 29.6% compared to the data for the same period in 2019, which indicates that state programs aimed at supporting citizens, as well as small and medium-sized entities businesses proved to be quite effective and allowed many organizations to continue their activities
In 2018, the financial stability of O'KEY LLC was under threat, since the total profit decreased 5 times compared to the financial statements for 2017 and 9 times compared to 2018 and amounted to 238 142 thousand rubles
Summary
The economic system of the Russian Federation, like most countries in the world, today is characterized by a high level of instability, primarily due to the spread of the new coronavirus infection COVID-19. In accordance with the data of the Unified Federal Register of Bankruptcy Information, the number of bankruptcies of companies in Russia in the first half of 2020 increased by 47.2% compared to the same period in 2019 and amounted to 42,718 court decisions on bankruptcy of citizens, including individual entrepreneurs. In the second quarter of 2020, 20,362 citizens became insolvent, while the increase in the number of court decisions decreased to 29.6% compared to the data for the same period in 2019, which indicates that state programs aimed at supporting citizens, as well as small and medium-sized entities businesses proved to be quite effective and allowed many organizations to continue their activities. The courts declared 11,483 citizens bankrupt, 2.18 times more than in the same month of last year (5,279 units), and 1,257 companies (+ 30.5%, 963 units)
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