Діагностика фінансово-економічної стійкості підприємства на основі грошових потоків

Oleksandr Yankovyi; Galina Koshelek

doi:10.33987/vsed.2-3(63-64).2017.69-78

Authors

Oleksandr Yankovyi Odessa National Economic University, Ukraine
Galina Koshelek Odessa National Economic University, Ukraine

DOI:

https://doi.org/10.33987/vsed.2-3(63-64).2017.69-78

Keywords:

financial sustainability, cash flows, financial cycle, operational cycle, cash flow, inflow, outflow

Abstract

The article considers financial and economic sustainability of enterprise from different perspectives, its types and factors that influence it. The approaches to the diagnosis of financial sustainability of the enterprise are briefly examined. The problems arising in carrying out of diagnostics of financial sustainability are determined. It is noted that it is possible to carry out the diagnostics of financial sustainability of the enterprise by means of cash flows. The study proposes to use cycles that can be characterized not only by the criteria of turnover, but also taking into account cash flows. It is proved that it is possible to conduct a diagnosis of financial sustainability using operational and financial cycles. Information provision for making the calculations is the financial statements of enterprise.

Author Biographies

Oleksandr Yankovyi, Odessa National Economic University

Doctor in Economics, Professor, Head of Department of Enterprise Economics and Business Organization

Galina Koshelek, Odessa National Economic University

PhD in Economics, Associate Professor, Department of Enterprise Economics and Business Organization

References

Zhukevich, S. M. Diagnosis of financial and economic sustainability of business entity: conceptual approach [Diahnostyka finansovo-ekonomichoi stiikosti subiekta hospodariuvannia: kontseptualnyi pidkhid], available at: http://yandex.ua/search/?lr=145&clid=2014023&msid=1503873440.30406.22896.21780&tex [in Ukrainian]

Lakhtionova, L. A. (2009). An economic category of «financial stability» in modern financial analysis of business activities [Ekonomicha katehoriia «finansova stiikist» v suchasnomu analizi pidpryiemnytskoi diialnosti], Scientific works of Kirovograd National Technical University. Economic sciences, vyp. 16 (2), s. 327–338, available at: http://nbuv.gov.ua/UJRN/Npkntu_e_2009_16%282%29_55 [in Ukrainian]

Savytska, G. V. (2007). Economic analysis of enterprise activity. 3rd ed. [Ekonomichyi analiz diialnosti pidpryiestva; vyd. 3-e], Znannia, Kyiv, 668 s. [in Ukrainian]

Tsal-Tsalko, Yu. S. (2002). Financial statements of enterprise and its analysis. 2nd ed. [Finansova zvitnist pidpryiemstva ta yii analiz; vyd. 2-e], TSUL, Kyiv, 360 s. [in Ukrainian]

Bilyk, M. D., Pavlovska, N. M., Prytulyak, N. M., Nevmerzhitska, N. Yu. (2005). Financial analysis [Finansovyi analiz], KNEU, Kyiv, 592 s. [in Ukrainian]

Bolyukh, M. A., Burchevskyi, V. Z., Horbatyuk, M. I. (2003). Economic analysis. 2nd ed. Ed. M. H. Chumachenko [Ekonomichyi analiz; vyd. 2-e; za red. M. H. Chumachenko], KNEU, Kyiv, 556 s. [in Ukrainian]

Kvach, Ya. P., Koshelek, H. V., Tereshchenko, O. M., Yurieva, H. V. (2010). Financial analysis. The modular course. Ed. O. S. Redkin [Finansovyi analyz. Modulnyi kurs; za red. O. S. Redkina], Elton, Odesa, 470 s. [in Ukrainian]

Zhurlov, A. M., Kvach, Ya. P., Kataeva, L. M., Koshelek, H. V., Chernyshova, S. D. (2009). Organization and methodology of economic analysis [Orhanizatsiia i metodyka ekonomichnoho analizu], Feniks, Odesa, 318 s. [in Ukrainian]

Moshenskiy, S. Z., Oliynyk, O. V. (2007). Economic analysis. 2nd ed. Ed. F. F. Butynets [Ekonomichyi analiz; vyd. 2-e; za red. F. F. Butyntsia], Ruta, Zhytomyr, 704 s. [in Ukrainian]

Regulations on the procedure for the analysis of the financial state of enterprises that are subject to privatization: the Order of the Ministry of Finance of Ukraine and the State Property Fund of Ukraine, No. 49/12, 26.01.2001 [Polozhennia pro poriadok zdiisnennia analizu finansovoho stanu pidpryiemstv, shcho pidliahaiut pryvatyzatsii: Nakaz Ministerstva finansiv Ukrainy, Fondu derzhavnoho maina Ukrainy, No. 49/12, 26.01.2001], available at: https://yandex.ua/search/?lr=145&clid=2014023&msid=1503953464.07783.2289 [in Ukrainian]

On approval of Methodological recommendations on identification of insolvency signs of an enterprise and signs of action to hide bankruptcy, fake bankruptcy or bring to bankruptcy: the Order of the Ministry of Economy of Ukraine, No. 14, 19.01.2006 [Pro zatverdzhennia Metodychnykh rekomendatsii shchodo vyiavlennia oznak neplatospromozhnosti pidpryiemstva ta oznak dii z pryhovuvannia bankrutstva, fiktyvnoho bankrutstva chy dovedennia do bankrutstva: Nakaz Ministerstva ekonomiky Ukrainy, No. 14, 19.01.2006], available at: https://yandex.ua/search/?lr=145&clid=2014023&msid=1503953 [in Ukrainian]

Zahorodniy, A. H., Voznyuk, H. L. (2007). Financial and economic dictionary [Finansovo-ekonomschnyi slovnyk], Znannia, Kyiv, 1072 s. [in Ukrainian]

Economic analysis and diagnostics of the state of modern enterprise (2005) [Ekonomichyi analiz i diahnostyka stanu suchasnoho pidpryiemstva], TSNL, Kyiv, 400 s. [in Ukrainian]