Abstract
The scientific research study is about financial methodology analysis improving in the framework of forensic economic examination. The objective bankruptcy date is one of the issues within the forensic examination. The authors propose to supplement the classical financial analysis with a special section, which analyzes transactions for compliance with market conditions, identifies schematic and fictitious transactions, and also determines the degree of their impact on the occurrence of property insufficiency and signs of bankruptcy. The author's classification of possible schematic transactions, as well as methods for establishing the fact of compliance with the market situation are proposed. As the criterion for the maximum permissible deviations of transaction values from market values, it is proposed to use a value in an amount not exceeding the change in values by more than two times. The technical assets identified as a result of fictitious transactions are proposed to be deducted from the market value of assets when calculating the net assets of the organization, which will allow the most correct determination of the objective bankruptcy date.
Highlights
In the National Security Strategy [1], the criminalization of economic and financial relations remains among the main strategic threats
The technical assets identified as a result of fictitious transactions are proposed to be deducted from the market value of assets when calculating the net assets of the organization, which will allow the most correct determination of the objective bankruptcy date
The authors suggest, after the “classic” component of financial analysis, to conduct a special section of financial analysis, which consists of the following stages: Calculation of net assets value at book and market value; Ratio analysis based on market ratios; Calculation of return on equity multifactor model based on market ratios; Analysis of transactions, requiring close attention of the investigating organization
Summary
In the National Security Strategy [1], the criminalization of economic and financial relations remains among the main strategic threats. This is stated in the Strategy of the Economic Security of the Russian Federation through to 2030 [2], that the high level of criminalization and corruption in the economic sphere and the significant share of the shadow economy remain. According to information presented on the official website of the Ministry of Internal Affairs of the Russian Federation [3], in January-October 2020, 96,124 economic crimes were registered. The high level of latency of financial and economic crimes is due to the difficulty of proving them due to the specificity and uniqueness of actions, including through the use of modern information technologies
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