ANALYTICAL TOOLS OF FINANCIAL RESULTS IN THE CONDITIONS OF RISK-ORIENTED MANAGEMENT

Анотація

The purpose of the article is to substantiate theoretical provisions and practical foundations for improving the organization and methods of economic analysis of the formation of financial results in the conditions of risk-oriented management. Methodology. Methods of theoretical generalization and concretization, Internet resources have been used in this study. Results. There have been distinguished some approaches to the analysis of financial results of enterprises in such areas as the assessment of the level, dynamics and structure of financial results and indicators forming them, i.e. income and expenses; analysis of the financial results of operating activities as the main activity of the enterprise; determination of the influence of key factors on the formation of the financial result of the business entity and profitability analysis. The stages of analysis of financial results, tools for their implementation, the results obtained and possible management decisions are revealed. Analytical evaluation provides an opportunity to generate a significant amount of information necessary for the implementation of management decisions on the formation, distribution and use of financial results. A conceptual approach to implementation of analytical evaluation of financial results is proposed, which will help the company’s management to identify unusual transactions or events, as well as amounts, indicators and trends that may indicate atypical circumstances in the formation, distribution and use of financial results. Budgeting of financial results in the conditions of risk-oriented management is substantiated. Formation, dynamics and change of financial results and profitability of “Kurland LLC” are analyzed. Interconnectedness of the components and coherence of the main tasks and objectives of economic analysis of profits in risk-oriented management, strategic analysis and adaptive financial mechanism aimed to ensure profitability of enterprises are revealed. It is proposed to carry out the forecast value of financial results at the enterprise taking into account various factors of influence, including those caused by risks, by means of the correlation-regression analysis. Practical implications. A formed mechanism of risk management identification is the basis of formation of the system of measures from the standpoint of managers of various hierarchical levels as well as realization of operative administrative influence on operations with the increased degree of risk. Value/originality. Risk-oriented approach to the organization of economic analysis of profits enables to identify both external and internal risks, identify key ones, develop an appropriate management model to neutralize, reduce impact and prevent them. The study of peculiarities of the budgeting system under conditions of risk-oriented management has revealed the need to develop a single effective coordinated budgeting system in order to achieve competitive advantages in the market, in accordance with the requirements of the modern concept of integrated management. The use of correlation-regression analysis enables to identify the nature of changes in the financial results caused by the effect of factors of influence, both together and separately with each factor identified.

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