DEVELOPMENT OF ACTIVITIES TO IMPROVE THE FINANCIAL STATUS OF THE ORGANIZATION BASED ON CORRELATION-REGISTRATION ANALYSIS

Abstract

In modern economic conditions the activity of each economic entity is the subject of attention of a wide range of market participants interested in the results of its functioning. In order to ensure the survival of the company in modern conditions, management personnel must, first of all, be able to assess the financial condition of their enterprise and existing potential competitors really. Financial condition is the most important characteristic of the economic activity of an enterprise, which determines competitiveness, potential in business cooperation, assesses to what extent the economic interests of the enterprise and its partners are financially and economically viable. One of the most important indicators of the company's well-being on the market is its financial state. It reflects the final results of its activity which is the most important characteristic of its business activity and gives a description of financial competitiveness, solvency, creditworthiness, information on the fulfillment of obligations to the state and business partners. The main purpose of the analysis of the financial condition of the enterprise is the timely identification and elimination of deficiencies in financial activities and the search for reserves to improve the financial condition of the enterprise and its solvency. Timely and qualitative analysis of the financial condition ensures the effective formation and use of monetary resources to create optimal conditions for the implementation of the financial and economic activities of the enterprise. In this article we consider measures to improve the financial condition of OOO Oktyabrskaya Agrofirm. Oktyabrskaya AF LLC needs to increase revenues from the sale of the most profitable types of products, to intensify production through the renewal of the machine and tractor fleet, and to expand the distribution channels for the main crop production in order to increase the efficiency of its financial and economic activities. The enterprise can reduce the cost of production by rational use of material resources, reducing the material consumption of products and revising the consumption rates in the main areas of costs. To determine ways to increase the efficiency of financial and economic activities of LLC Oktyabrskaya, it is necessary to conduct a correlation-regression analysis of the profitability of the assets of the enterprise and the factors that affect it. So you need to calculate the return on assets, the profitability of sales and asset turnover based on the financial statements of OOO Oktyabrskaya.