Financial activity of an organization: approaches to assessment of methods
Year: 2024
Type: article
Abstract: The article presents the practical implementation of the model for assessing the financial performance of an organization, systematizing and directing its functioning throughout their life cycle. It is noted that financial analytics of the organization’s performance indicators, determined by management technologies and factors affecting the external and internal environment, can be used to create and develop its financial strategy. It is shown that high competition, significant risks, crisis phenomena, geopolitical and socioeconomic processes on the world stage and in the state, additionally increase the relevance of developing a new methodological apparatus for managing the financial stability of organizations, as a basic resource for ensuring their development. It has been established that insufficiently studied methodological approaches and the lack of a unified approach to methods for analyzing the financial performance of an organization hinder the development and improvement of its financial strategy. The author notes that approaches to assessing methods for analyzing the financial performance of an organization’s optimization present additional opportunities and recommendations in business development, as well as the development of theoretical and practical proposals that reveal successful directions for building the entire system of strategic financial management of organizations.
Author: Dmitry A. Ivanov
Institution: Volga Region State University of Service
Language: English
Subfield: Accounting
Domain: Social Sciences
Open Access status: diamond
OpenAlex ID: W4404485573