METHODICAL APPROACH TO ASSESSING THE LEVEL OF CONSTRUCTION COMPANY FINANCIAL SECURITY

Abstract

The article deals with the issues of assessing the level of a construction company financial security. It is determined that the specificity of the construction enterprises activity and their diverse financial relations system require the formation of an appropriate system for certain financial interests protection against existing and potential internal and external threats, that is reflected in the approaches to the definition of “enterprise financial security”. The system of an enterprise financial security is proposed and the existing methodical approaches to assessing the level of enterprise financial security are generalized. The methodical approach to assessing the level of construction company financial security on the example of JSC “Trust Zhytlobud-1” is developed, which allows to distinguish factors-indicators that influence that level, to rank them and to calculate the integral indicator of financial security, which determines its level. As a result of the assessment it was determined that Economic crisis in Ukraine 2013—2014 caused a fall in the level of JSC “Trust Zhytlobud-1” financial security, but the successful financial policy of the company management led to a substantial increase in the financial security level. The application of the proposed methodological approach to assessing the level of a construction company financial security will enable the enterprises management to respond in a timely manner to the deterioration of the economic entity financial condition as well as the negative trends that may develop in the course of the business entity’s activity.