Methodological interpretation of risks financial safety of the enterprise in the system of economic analysis

Abstract

The purpose of the article is to develop methodological provisions for interpreting of an enterprise’s financial security risks for timely identification and evaluation, as well as to develop of methods for their leveling or minimization and possible prevention by means of economic analysis. it is proposed to interpret risks classification as their distribution within economic analysis system by specific groups and certain criteria for management influence implementation and leveling their effect on the entities’ financial security. It is substantiated that in developing of the risk management measures in an entity’s business model it is expedient to use the provisions of international risk management standards that allow more effective control over business and accounting risks with the least impact on financial security to achieve the goals and maximize revenues. In order to take into account impact of risks on the financial security level it is proved that risks classification should take into account the indicators of financial, industrial, socio-reputational, human and natural capital of the business entity. The following principles is proposed to consider as a basis of the financial security risks classification: systematic; complexity; continuity; involvement of interested parties; continuous improvement facilitation; structuring; openness; awareness division of powers. It is proved that adherence to certain principles in the financial security risks classification allows to develop effective methods of the financial security risks counteraction, and implement anti-risks strategy in an entity’s business model through economic analysis system. To comply with the organizational principles of risk classification it is proposed to classify financial security risks by determining the subjects and stages of entity’s business model realization: personnel; expectations of stakeholders; organizational and managerial; structural business planning; administrative; infrastructure; corporate monitoring; creation of value; corporative management; results of activity. It is substantiated that developed financial security risks classification should become a basis for methodological recommendations of their quantitative and qualitative assessment.