ECONOMIC ESSENCE OF FINANCIAL STABILITY OF AN ENTERPRISE

Abstract

The ambiguity of the terminological interpretation affects the efficiency and effectiveness in the use of such an important indicator of the financial state of an enterprise, as financial stability. It is pointed out that the conceptual framework of the economic essence of enterprise financial stability is the basis for the proper way of considering the influence of internal and external factors on financial stability and optimization of methods for its evaluation and areas of support, as well as for objective selection of analytical means of evaluation and ensuring continuous monitoring of the financial stability of an enterprise. The essence of the concept «financial stability» and its analytical component, terminological approaches by various authors to defining this concept are considered in the article. The necessity of taking into account the complexity and multifactoriness of the concept «financial stability» is indicated and the inadmissibility of limiting its analytical essence by narrowing the spectrum of an enterprise's spheres of activity is emphasized. It has been suggested taking into account sectoral specificity of methods for evaluating financial stability indicators of an enterprise with the broadest use of its analytical component under conditions of fluctuations and the integrated effect of external and internal factors.