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Abstract

Contents

Introduction

1. The relevance of the topic.

In modern conditions the problem of financial and economic security of the enterprise is relevant, because enterprises in Donetsk work in the conditions of economic blockade, military action and increased criminal situation in the region. All this leads to the emergence of new threats and increased risks in the economic environment. This requires from the subjects of enterprise management create an integrated system aimed at increasing the level of economic security. In this regard, the increasingly relevant issue of financial and economic security of enterprises and its evaluation.

Various theoretical aspects of financial and economic safety of the enterprise was studied by many domestic and foreign scientists, among whom Kovalev D. , Sukhorukov, T., Oleynikov, E. A.

The efforts of these scientists was formed the methodological base for conducting applied researches, allowing to assess the level of financial and economic security of the enterprise and to make recommendations for its improvement.

2. Purpose: improved management of financial and economic security of the enterprise.

Objectives of the study:

  1. to study the individual components of enterprise economic security.
  2. to examine the economic approaches to assessing the level of financial and economic security of industrial enterprises.
  3. to investigate the financial state of enterprises by using financial analysis.
  4. to assess the level of financial and economic security of the enterprise.
  5. on the basis of the analysis to propose measures to improve financial and economic security of the enterprise.

Object of research: CHAO PO KONTI.

Subject of research: the mechanism of management of financial stability and solvency of the company.

Research methods: financial analysis, indicator method, the method of fuzzy sets.

A methodological basis: basis for writing the work was theoretical studies of the problems of management of financial and economic security. In writing this work used the works of Ukrainian, Russian and Western researchers.

Information: Source of information base of the study are normative and legislative acts of Ukraine, official data of State statistics service of Ukraine, General provisions of scientific works of domestic and foreign scientists in the framework of the research topic, scientific methodical literature.

Practical significance of the obtained results: The study were provided recommendations to improve improve the management of financial and economic security of the enterprise.

3. The main content of the work

In the introduction the actuality of theme of master's work, formulated the goal and objectives of the study, defined object, subject and methods of research, scientific importance and practical value of the study.

In the first section of the master's thesis Theoretical bases of management of financial-economic safety of the enterprise the essence of financial-economic security types of security threats to the enterprise and their classification, economic approaches to assessing the level of financial and economic security of industrial enterprise.

In modern conditions of integration of economy of any enterprise in the global economy and significant financial instability effective management of the enterprise involves the development of effective mechanisms to ensure a sufficient level of economic security. As a result of inefficient management of the economy and imbalances in the main macroeconomic indicators particularly significant for businesses were the lack of financial resources, the constant search for funding sources, forms and methods of rational use of limited resources. But achieving and maintaining the desired level of economic security within the specified limits allows the company to maintain its market share or achieve growth of enterprise value, but also to obtain an advantage over competitors, improve the competitiveness of its products. The availability of reliable security for enterprise provides the ability to quickly identify and isolate any threats to its activities.

The category of economic security recently appeared in the conceptual apparatus of economic science. Like any new concept it is not yet generally accepted interpretation. With regard to enterprise it can be considered as an integrated assessment of resource potential and degree of protection of the enterprise from the negative effects of the external environment. It reflected both elements of the diagnosis of the current state and forecast future risks and threats.

Among the different interpretations of the concept of economic security has the following. Oleinikov E. A., believes that the economic security of an enterprise is the effective use of resources to prevent threats and ensure the stable functioning of the enterprise at present and in the future [7].

Kovalev D. and Sukhorukov T. offered the following definition: enterprise economic security – is the protection of its activities from the negative impact of the external environment, as well as the ability to eliminate various threats or to adapt to existing conditions that do not impact negatively on its activities [8]. According to the Russian economist, politician, presidential adviser on regional economic integration Sergei Glazyev economic security is the state of the economy in which the enterprise ensures sustainable social and economic development and supports the required level of competitiveness [5].

The level of financial and economic security characterizes the ability of companies to counter her threats or to eliminate the damage from the negative impacts on various aspects of security. In this case jeopardized the financial security of know potential or actual actions of individuals or legal entities that violate the protection of a business entity and is able to lead to termination of its activities or financial and other losses [1].

Threats reflect external and internal conditions in which operates the enterprise, as well as the relationship of the enterprise with the environment. A threat to the financial security of the enterprise can be determined quantitatively as the amount of damages or other integral indicator, characterizing the degree of reduction of the economic potential of the enterprise [2]. According to the source of all threats can be divided into external and internal. Among external threats to secrete plunder of material assets and values of individuals who do not work in this firm, industrial espionage, illegal actions of competitors, extortion by criminal organizations. To external threats to the financial security of the enterprise also include speculative transactions with securities of the company, the pricing and other forms of competition, aggressive purchase of shares foreign investor, lobbying competitors negative decisions of the authorities [4].

Classification of threats to economic security

Figure 1 – Classification of threats to economic security (аnimation: 60 KB; shots: 7; retries: no limit; delay: 142мс).

Summarizing the above, we can conclude that the financial-economic security - the ability of the entity to ensure the effective functioning and use of resources to meet current challenges and ensure future development.

In the second Chapter "Evaluation of financial and economic security of industrial enterprise" advantages and disadvantages of the existing methods of evaluation of financial and economic security on the example of CHAO PO KONTI.

Assessment of the level of financial security was conducted by the indicator method.

Thus, when the indicator approach the level of economic security is determined using so-called indicators. They are considered as threshold values of indicators characterizing the activities of the company in different functional areas relating to economic security. Assessment of economic security of enterprise is determined on the basis of comparison of actual performance indicators with an indicator. It is obvious that the indicator approach is borrowed from methods for the assessment of the level of economic security of the state [6].

Scientist A. Baranowski allocated to such indicators of financial security of enterprises, organizations and institutions, as the size of the share capital, assets size, sales volume, asset turnover, size of investment, size of the specific working capital, the share of borrowed capital, liquidity, profitability, profitability and risk, level of innovation, level of taxation, the period of repayment of receivables, etc. The majority of researchers believes that the assessment of financial and economic security of the enterprise should not be confined only to the analysis of financial state of enterprises. Given the specificity of enterprise security system, to assess its level it is necessary to use special techniques to determine the state of financial and economic security of the enterprise and its threats. To do this, use the indicator method of assessment level of financial security - the use of critical thresholds of financial performance.

On the basis of the conducted financial analysis, evaluated the level of financial and economic security CHAO PO KONTI indicator method.

The result of the study in figure 2.

Chart of indicators of financial component of economic security of enterprise_е

Figure 2 – Diagram of indicators of the financial component of economic security.

Through a study based on indicator method to determine the level of financial and economic security of the enterprise, which is established by comparing actual company performance with an indicator. Indicators are used to construct a system of quantitative and qualitative indicators of financial and economic security of the enterprise. According to the actual values of the metrics and values of threshold meanings of indicators of financial and economic security state of this enterprise can be characterized as a crisis, as the barrier is exceeded, the value of most indicators of economic security.

Conclusion

In the conclusions of the master thesis the main aspects and results of the study. Arguments the degree of achievement of the goals and objectives of the study. The main conclusions and recommendations are that for financial stability it is recommended to conduct the following activities: you must first change the attitude of management to develop new methods and management techniques, to improve the governance structure, to cultivate and train staff, and improve personnel policy.

When writing this abstract of thesis master's degree is not yet completed. Final shutdown is scheduled for June 2017. Full text works and materials on the research topic can be obtained from author or his supervisor after the specified date.

References

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