Practical Aspects of Assessing the Financial Resources of an Enterprise
The aim of the article is to justify and test a methodological approach to assessing the level of financial resources based on a summarizing rating indicator, using an example of an oil-producing enterprise, as well as to study the changes in the state of financial resources of Ukrnafta OJSC during...
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2020-06-01
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doaj-646faa1551864e598c0c490c63beb8612020-11-25T03:41:19ZengPH "INZHEK"Problemi Ekonomiki2222-07122311-11862020-06-0124428829410.32983/2222-0712-2020-2-288-294Practical Aspects of Assessing the Financial Resources of an EnterpriseRomashko Oleksandra M.0https://orcid.org/0000-0001-7560-2733Nemish Yuliya V. 1https://orcid.org/0000-0002-4676-1177Ivano-Frankivsk National Technical University of Oil and GasIvano-Frankivsk National Technical University of Oil and GasThe aim of the article is to justify and test a methodological approach to assessing the level of financial resources based on a summarizing rating indicator, using an example of an oil-producing enterprise, as well as to study the changes in the state of financial resources of Ukrnafta OJSC during 2016–2018. The article discusses several methodological approaches to assessing the financial state of an enterprise applying the method of ratios, without bringing them to a single indicator. These methodologies imply assessment of a significant number of indicators and need for their interpretation.However, as regards the simplicity of calculation and interpretation, a methodology for assessing financial resources proposed by R. K. Shurpenkova and T. V. Kalaitan is of interest.It involves express analysis of 5 key financial indicators characterizing liquidity, solvency and financial stability as well as determination of a synthetic rating indicator of financial resources. Based on the financial statements of Ukrnafta OJSC for the last 3 years, using this methodology, an assessment of the financial resources of the enterprise is carried out.The retrospective analysis of Ukrnafta OJSC allows to conclude that the company has an unsatisfactory financial state since the value of the rating indicator for assessing financial resources is less than 1. To improve the situation, the company should optimize the structure of current and non-current assets, attract additional funds from the owners and make timely settlements with creditors by using budgeting and drawing up a payment calendar, as well as reduce the amount of current liabilities by obtaining credit funds for a longer period of time.https://www.problecon.com/export_pdf/problems-of-economy-2020-2_0-pages-288_294.pdffinancial resourcesfinancial statevaluationoil-production enterprise |
collection |
DOAJ |
language |
English |
format |
Article |
sources |
DOAJ |
author |
Romashko Oleksandra M. Nemish Yuliya V. |
spellingShingle |
Romashko Oleksandra M. Nemish Yuliya V. Practical Aspects of Assessing the Financial Resources of an Enterprise Problemi Ekonomiki financial resources financial state valuation oil-production enterprise |
author_facet |
Romashko Oleksandra M. Nemish Yuliya V. |
author_sort |
Romashko Oleksandra M. |
title |
Practical Aspects of Assessing the Financial Resources of an Enterprise |
title_short |
Practical Aspects of Assessing the Financial Resources of an Enterprise |
title_full |
Practical Aspects of Assessing the Financial Resources of an Enterprise |
title_fullStr |
Practical Aspects of Assessing the Financial Resources of an Enterprise |
title_full_unstemmed |
Practical Aspects of Assessing the Financial Resources of an Enterprise |
title_sort |
practical aspects of assessing the financial resources of an enterprise |
publisher |
PH "INZHEK" |
series |
Problemi Ekonomiki |
issn |
2222-0712 2311-1186 |
publishDate |
2020-06-01 |
description |
The aim of the article is to justify and test a methodological approach to assessing the level of financial resources based on a summarizing rating indicator, using an example of an oil-producing enterprise, as well as to study the changes in the state of financial resources of Ukrnafta OJSC during 2016–2018. The article discusses several methodological approaches to assessing the financial state of an enterprise applying the method of ratios, without bringing them to a single indicator. These methodologies imply assessment of a significant number of indicators and need for their interpretation.However, as regards the simplicity of calculation and interpretation, a methodology for assessing financial resources proposed by R. K. Shurpenkova and T. V. Kalaitan is of interest.It involves express analysis of 5 key financial indicators characterizing liquidity, solvency and financial stability as well as determination of a synthetic rating indicator of financial resources. Based on the financial statements of Ukrnafta OJSC for the last 3 years, using this methodology, an assessment of the financial resources of the enterprise is carried out.The retrospective analysis of Ukrnafta OJSC allows to conclude that the company has an unsatisfactory financial state since the value of the rating indicator for assessing financial resources is less than 1. To improve the situation, the company should optimize the structure of current and non-current assets, attract additional funds from the owners and make timely settlements with creditors by using budgeting and drawing up a payment calendar, as well as reduce the amount of current liabilities by obtaining credit funds for a longer period of time. |
topic |
financial resources financial state valuation oil-production enterprise |
url |
https://www.problecon.com/export_pdf/problems-of-economy-2020-2_0-pages-288_294.pdf |
work_keys_str_mv |
AT romashkooleksandram practicalaspectsofassessingthefinancialresourcesofanenterprise AT nemishyuliyav practicalaspectsofassessingthefinancialresourcesofanenterprise |
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1724530381230702592 |