Features of conducting an analysis of the financial condition of an organization focused on bankruptcy prevention
Improvement of methodological approaches to assessing the financial condition of organizations is determined by the need to unify existing assessment methods, as well as the need to create an algorithm for easier and faster assessment. The choice of methodological approaches to assessing the financial condition and the likelihood of bankruptcy is complicated by the complexity of adapting foreign methods and techniques developed during the formation of a market economy in Russia to the conditions of a modern economy limited by sanctions, a pandemic and the global economic crisis. The article proposes a generalized algorithm for conducting financial analysis focused on preventing the likelihood of bankruptcy. The proposed algorithm includes an analysis of the financial position of the organization, analysis of the efficiency of the organization, analysis of the likelihood of bankruptcy of the organization, a generalized conclusion and making recommendations to improve the organization's work. The proposed algorithm allows timely development and implementation of a set of measures to prevent bankruptcy.