Abstract
The paper focuses on a forecasting express-model of the financial state of an enterprise. This model includes forecasting the Profit&Loss statement and the Balance Sheet of the organization. The combination of these documents allows forecasting cash flow in an indirect form. We use open data on the financial statements of individual organizations. Estimates of the cash flow deficit have been carried out both for the power generation sub-sector as a whole and for the largest power generating organizations in Russia.
Highlights
IntroductionNormal activities have been disrupted; many enterprises have stopped working or abruptly reduced business activity; the population is in self-isolation and does not consume goods and services in the same volume
A large-scale economic crisis has broken out due to the coronavirus COVID 19
The paper presents an express model for forecasting the financial and economic state of enterprises, which allows: - predicting the financial forms of the enterprise due to a coronary crisis; - assessing the lack of cash flow; - evaluating the consequences of anti-crisis measures and enterprise support for normalizing financial condition and preventing bankruptcy
Summary
Normal activities have been disrupted; many enterprises have stopped working or abruptly reduced business activity; the population is in self-isolation and does not consume goods and services in the same volume. Some researchers compared this crisis to the Great Depression in the late 1920s. There was a decrease in energy consumption, and anyone can expect a deterioration in the financial and economic situation of energy companies. “The uncertainty of the future conditions for the development of the energy sector has considerably increased, and there have been significant changes in financial policy and pricing in the energy sector” [4]. The paper presents an express model for forecasting the financial and economic state of enterprises, which allows: - predicting the financial forms of the enterprise due to a coronary crisis; - assessing the lack of cash flow; - evaluating the consequences of anti-crisis measures and enterprise support for normalizing financial condition and preventing bankruptcy
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