Assessment and forecasting of the risk of reducing the financial soundness of an enterprise

Abstract

The article examines the issues of risk assessment for reducing the financial stability of the enterprise. The content of the risk of financial stability is considered and the main approaches to its analysis are determined. The study revealed that the most common is the traditional approach. In the framework of this approach, key areas for analyzing the financial stability of an organization are defined and their meaningful characteristics are given. The results of the calculation and analysis of the risk of a decrease in financial stability depend on the presence/absence of distortions in the financial statements. Based on the conducted research, the organization's operations were identified, which can lead to a deterioration in the structure of the balance sheet and a decrease in financial stability. It is noted that the forecasting of financial difficulties will allow timely reacting to changes and developing adequate measures to reduce financial risks. The risk of reducing financial sustainability is multifaceted, and there is a high correlation between risk factors. In this regard, it seems appropriate to talk about the advisability of using a risk-oriented approach in the practice of financial stability management. This approach will solve the problem of ineffective management and non-compliance with legislation in the process of reflecting the facts of economic life, which will improve the quality of analysis of the financial situation of the enterprise. The proposed algorithm for managing the risk of reducing financial stability will make it possible to draw up a plan of action to minimize adverse impacts. In conclusion, it was concluded that sustainable development and stable status of economic entities in modern conditions is determined by their ability to respond in a timely manner to changing conditions of the functioning environment, which reflects the indicators of financial stability. Therefore, the necessary condition for the effective operation of the organization is its financial sustainability.