Algorithm for assessing the level of financial status of organizations of the agricultural sector of the economy on the basis of accounting (financial) statements data
In this article, the author considers new approaches to assessing the level of the financial condition of organizations of the agro-industrial complex of the Krasnodar Territory by auditors, analysts and economists. The traditional complex method of analysis, which involves the calculation of a set of coefficients, is laborious and at the time when it is necessary to quickly determine the financial condition (stable, unstable, crisis), most of the data obtained is not necessary. Due to the need to use a high-quality, reliable methodology that meets the conditions of the current activities of the organization, it is necessary to adjust the methodology for determining bankruptcy risks in terms of its components. Thus, weighted indices developed in modern conditions of an organization’s activities, both on the basis of rating modeling and discriminant, are able to foresee the maximum number of external and internal factors influencing an organization’s activities. An algorithm for the development of an express model for assessing the level of the financial state of an organization under current economic conditions is proposed.