Methodical approaches to an assessment the level of economic security in accounting and analytical system of the enterprise
Journal Title: Економіка. Фінанси. Право - Year 2019, Vol 4, Issue
Abstract
Introduction. The scientific article studied the theoretical aspects of the assessment of economic security of enterprise. The level of economic security is an important indicator of the financial situation, stability, prospects of the company for its owners, staff and investors. Purpose. The purpose of the article is to offer methodological approaches to assessing the level of economic security in the accounting and analytical system of the enterprise, which would be appropriate for application in the practical environment. Results. Methodological approaches to assessing the level of economic security should take into account the frequency of evaluation. Score should be done every week, every month and every year. For the weekly monitoring, the concept of solvency control is proposed. The essence of this concept is to record expected revenue and cash outflows, check timeliness of payments, and determine the need for cash. In our opinion, monthly monitoring can be carried out according to financial indicators. The meaning of indicators should be compared with the limit values and criteria for assessing economic security. Annual control should include absolute and relative indicators as well as non-financial information that details the state and results of activities, plans, forecasts and prospects of the entity's development. The annual assessment should examine the impact of the results of economic activity, receivables, payables, assets structure on the level of economic security of the enterprise. In order to assess economic security, it is necessary to take into account planned measures to improve the financial situation, ways of ensuring stable solvency and timeliness of settlements with creditors, and the possibility of attracting external investments. They can be represented by the managerial staff of the entity in the form of plans and programs, schedules of settlements with creditors, investment attraction projects. The evaluation and forecasting of the results of such measures is difficult, as it involves an analysis of future events and circumstances, however, it may be objective enough, provided that the appropriate methodology is used competently. Conclusion. Business entities are used an assessment of economic security to determine the level of economic security, to monitor its changes and create conditions for its improvement.
Authors and Affiliations
Nataliia Volodymyrivna Moskal
Keywords
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