The concept of dominant indicators in a comprehensive system for assessing the financial condition of an enterprise

Abstract

Relevance. The relevance of the study is due to the fact that a comprehensive assessment system includes an analysis of indicators that characterize the functioning of an enterprise in an economic environment from different sides, but are not always linearly and unambiguously related to financial performance. In this regard, it is especially important to identify key indicators that most accurately reflect the relationship with the profit received. Their dominant influence on the final results will allow to assess risks in a timely manner and make effective financial decisions.Methods. The main research tool was an algorithm for conducting a comprehensive analysis of the financial condition of the enterprise and identifying the dominant indicators that determine the final financial result.Results. One of the primary tasks of the analysis is to identify the factors affecting the final financial result. However, as practice shows, the analysis of various coefficients can give ambiguous information. For example, there may be situations when low liquidity indicators have been identified, but financial results with the existing asset structure are quite high and the company's activities are highly profitable. Or borrowed sources of financing significantly prevail over their own, which sharply reduces financial stability, but at the same time the effect of financial leverage is significant, and the company receives high profits. That is, the values of some indicators do not always characterize the activity of the enterprise quite unambiguously. Determining the dominant indicators is a necessary tool for understanding the real impact of individual economic parameters on the final financial result. The purpose of the study is the practical application of the concept of dominant indicators in the financial analysis system of the enterprise. In the course of the study, a comprehensive analysis of the financial condition of the three largest grain processing enterprises in various regions of the Volga Federal District was carried out. The dominant indicators that most accurately reflect the impact on the profit are identified. The conclusion is made about the specific dominant indicators that determine the final financial result of enterprises, and about the varying degree of influence of individual economic parameters on the level of profit.