Financial and economic assessment of the activities of construction enterprises

Abstract

The article examines the scientific approaches of Ukrainian scientists in the analysis of the main financial and economic indicators of enterprise activity, financial management, the financial state of construction enterprises, as well as the state and features of the development of the construction industry. It was established that issues related to the effective management of financial resources of construction enterprises and the nature of their adoption should be deeply studied and researched, with the aim of more perfect systematization, improvement and generalization in modern business conditions. The concept of the financial state of the enterprise, its essence and tasks are revealed. The importance of the financial and economic assessment of the construction enterprise's activity, the purpose of such an assessment and directions are determined. It has been proven that financial and economic analysis is the foundation for building a financial management system for a construction enterprise. The main groups of financial and economic indicators of the company's activity were analyzed, and their classification was provided. The importance of conducting an analysis of liquidity indicators, profitability indicators and financial stability indicators at the enterprise to determine the efficiency of any enterprise, in particular construction, is substantiated. It was established that in the financial and economic evaluation of the activity of a construction enterprise, a cost analysis is mandatory, which is carried out to evaluate the results of the enterprise's activity and rational management of profit and the vital activity of the enterprise largely depends on the degree of providing financial profit with resources and the degree of profit achieved in the process cost formation. It is well-founded that the final results of the work of any enterprise are evaluated by the level of economic activity of the enterprise, that is, the total amount of profit per unit of resources. Measures are proposed to improve the component processes of conducting and ensuring the analysis and assessment of the financial and economic status of construction enterprises and the requirements for the organizational and economic support of these processes are defined.