ASSESSMENT OF THE LEVEL OF FINANCIAL SECURITY OF MACHINE-BUILDING ENTERPRISES OF ZAPORIZHZHIA REGION WITH THE HELP OF INTEGRAL-RATING METHOD

Abstract

In the deepening of the financial crisis, enterprises are trying to implement an effective anti-crisis policy. The financial system as a source of accumulation of modern crisis phenomena, which are spreading further to all spheres of the economy, generally require the formation of new instruments to ensure their financial and economic security. The constant increase in the riskiness of economic activity may entail a significant decrease in the level of financial stability and solvency of the enterprise, and in the future lead to bankruptcy, and requires each business entity to create a perfect system of financial and economic security.
To assess the financial security situation at specific enterprises, not all financial and economic indicators that are used can be applied, but only those that most closely meet the requirements and most reflect the results of financial and economic activity, and, if possible, do not contradict each other.
The modern business environment highlights the issues of ensuring financial and economic security. Proper assessment of it, as well as diagnostics of the financial condition of enterprises is a priority task for ensuring sustainable development and operation of the enterprise.
Market conditions require enterprises to improve production efficiency, competitiveness of products and services based on the implementation of scientific and technological progress, effective forms of management and enterprise management, enterprise activation and so on. So, the role of diagnostics of a financial condition is great enough.
Diagnostics of the financial security of an enterprise is an analytical assessment of all the functional components of safety from the standpoint of achieving the highest possible level of protection against internal and external threats, aimed at making effective management decisions and developing a financial security strategy.
With the help of diagnostics of the company's financial security, the article will assess the level of financial security of machine-building enterprises in the Zaporizhzia region using the integrated-rating method.