ANALYSIS OF SOLVENCY AS A FACTOR OF FINANCIAL STABILITY OF SMALL BUSINESSES

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ANALYSIS OF SOLVENCY AS A FACTOR OF FINANCIAL STABILITY OF SMALL BUSINESSES

Journal Title: Проблеми системного підходу в економіці - Year 2017, Vol 2, Issue 58

Abstract

The article is dedicated to the small business, which is one of the most fundamental system components of market economy and economic indicators of business activity. Research is extremely relevant, because of the political instability, the inconsistency of the legislative framework that have taken place in our country, primarily influence on small businesses. The main attention is concentrated on the statistical analysis of small enterprises’ financial state in Odessa region. Based on the research and analysis of scientific papers and publications of known scientists, economists and other experts in the field of accounting and economic analysis the statistics assessment of results of activity of small enterprises for 2013-2015 was done and definition of solvency was also given The analysis of the solvency of various industries and the connection of these indicators with income was conducted. The number of factors, that affect the performance of the financial statements and the results of analysis conducted on its basis were determined. The article deals with the topical issue of the reliability of the financial statements in the context of a possible underreporting of profit for the illegal tax optimization, highlighted the causes that can induce a business to such steps. It is proposed to increase the role of government regulation to ensure the sustainable development of small businesses. The necessity of internally corporate analysis of major economic indicators to ensure stable operation of the enterprise is also justified.

Authors and Affiliations

O. V. Ivannikova

Keywords

EP ID EP634383
DOI -
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