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Abstract

Contents

Introduction

Formation of market relations and their development - it is not a stand-alone process. The establishment of new financial relationships that affect the formation, distribution and use of financial resources affects the development and operation of the business as a separate business units. One of the negative aspects of the current environment is the lack of clear representation of the financial position of the company. Accommodate to specific market conditions, the company will experience significant financial difficulties due to incorrect redistribution assets and sources of their formation. To a large extent this influence inflation and the lack of a common methodology for assessing the financial position of the company. In this regard, the question of creating a unified methodology for assessing, analyzing financial condition.

Financial condition characterizes how well these processes are at the facility. Indicators of financial condition reflects the presence, location and use of financial resources. Ultimately, the financial position determines the competitiveness of an enterprise, its potential in doing business, assess the extent to which guaranteed economic interests of the company and its partners in the financial and other economic relations. The financial condition of the company is formed in the course of its relationship with suppliers, customers, shareholders, tax authorities, banks and other partners. From improving the financial situation of the company depends on its economic prospects.

1. Relevance of the topic

The number of methods of Moore FSM's hardware optimization is known: minimization of the amount of states (state reduction) and their specific encoding (state assignment), using features of target basis and algorithm of functioning, multilevel logic circuit's implementation. Mentioned methods are quite effective, but for getting the most economic FSM's implementation they have to be used jointly.

Master's work is dedicated to the actual scientific task of development a unified approach to the synthesis of Moore FSM, which is directing on hardware amount reduction in resultant device and is including algorithmic, combinatory and circuitry optimizing techniques. FPGAs by Xilinx, which combine functionality, programmability and availability to consumers, are used as the target basis. CAD Xilinx ISE, Verilog HDL and Java SE are applied as tools of the research.

2. Goal and tasks of the research

Objective is to consider the theoretical foundations of the financial condition of the company, its analytical evaluation, diagnosis, and developing ways to strengthen the financial condition of the company.

In accordance with the objectives set out, it is assumed tasks: to explore the theoretical foundations of the financial condition of the company, in particular, to consider the nature of financial resources, to establish the sources of formation of financial resources, to determine the content and performance of the financial condition of the company:

3. Review of Research Work

3.1 Nature and types of financial condition of the company

The development of economy of Ukraine has reached a point where, along with the growth of industrial production and gross domestic product (GDP) is an important problem qualitative changes in the financial activities of business entities as a basic condition for the stability and future of the process of reproduction. The emergence and development of the crisis largely associated with insufficient attention of managers to analytical work, which is essentially an indirect protection to the enterprise of a crisis of solvency.

Therefore, the main goal of modern management is to develop an efficient methodology for the assessment of economic activity, in the absence of a detailed analysis can have negative trends.

Economic relations in Ukraine require new approaches to the organization and efficient use of financial resources of enterprises. In difficult conditions the domestic tax climate of payments crisis , the slowdown of reforms in the industrial and social spheres entities may have different interests in terms of receiving and distribution of profits and increase turnover. The basis of these and other aspects of their business is performing financial stability, the optimal level of which is supported by universal methods produced the world market civilization and science through joint financial management in a coherent and practically efficient system.

Among the companies financial problems, there is probably another which is so often considered by scientists and practitioners, and it seemed so important as the analysis and evaluation of the financial condition of the company.

Considerable attention to the analysis of the financial condition of the company and its estimation given that, on the one hand, it is the result of the enterprise, evidence of achievement, and the other defines the preconditions for the development of the company. In the works of foreign and local economists examined a range of issues associated with the analysis of the financial condition of the company, its assessment and management. Methodological foundations of quantitative measurement and evaluation of the financial situation of enterprises and the interpretation of its nature as recorded in the regulations.

Consider the various definitions of economists on their understanding of the essence of the concept of "financial condition."

So, E.A. Markarian and G.P. Gerasimenko define this concept as follows: "The financial position of the company - a set of indicators that reflect its ability to repay its debt." This definition does not reveal the economic substance of the term, but only points to one of his characteristics - appropriate level of liquidity.

3.2 Financial resources as the main factor of influence on the financial performance

At the present stage of development of Ukraine there are substantial changes in the mechanism of functioning of enterprises . Under the Commercial Code of Ukraine , all business entities are independent in economic and financial terms. Any business activity requires an optimal combination of all resources - manpower, material and financial. In this context, the financial autonomy of enterprises receiving new areas of development. One of them - providing financial resources , whose role is changing qualitatively , as the only type of enterprise resource , which is converted directly and with minimum time lag in any other type of resources.

Finance companies as part of the financial system, occupy a significant place in the structure of financial relations of society. They operate in the field of social production, which constitute gross domestic product, tangible and intangible benefits, the national income. For this reason, the state of the finance companies insure the satisfaction of social needs, improve the financial situation of the country.

Category "finance companies" in modern economic literature are treated differently.

Additionally, when the finances of enterprises refers to oral or financial relations arising in the process of fixed and working capital funds of funds of the company, their distribution and use.

Regardless of the different interpretations of the term "corporate finance", their essence is expressed through the following functions: formation of financial resources in the course of business; Distribution and use of financial resources to ensure effective economic activity to fulfill its obligations to the financial and banking system, as well as for socio-economic development of the company; control the formation and use of financial resources in the process of reproduction.

3.3 The principles of the financial condition of the company

Managing the financial condition of the company is to correct diagnosis and evaluation of the company.

Diagnosis aims to assess the state of the objects under incomplete information in order to identify problems in the operation of systems and their causes.

Table 1. A set of analytical parameters for rapid analysis.
Destination (procedure) analysis Index
1. Assessment of the economic potential of the entity
1.1 Evaluation of property

1. The value of fixed assets and their share in total assets.

2. Ratio of depreciation

3. The total amount of economic resources that are available to businesses
1.2 Evaluation of the financial condition

1. Value equity and their share of total sources

2. Coverage ratio (total)

3. The share of working capital in their total amount

4. The share of long-term borrowings to total sources

5. The coverage ratio of reserves
1.3 The presence of "sick" articles reporting

1. Loss

2. Loans and loans not repaid on time

3. Overdue receivables and payables

4. Notes payable (received) overdue
2. Evaluations of financial activities
2.1 Assessment of profitability

1. Profit

2. Profitability total

3. Profitability on core business
2.2 Evaluation of dynamic

1. Comparative growth rates of revenue, profits and capital advanced

2. Asset turnover

3. Duration operational and financial cycle

4. Factor pohashaemosty receivables
2.3 Evaluating the effectiveness of the use of the economic potential

1. Profitability on capital advanced

2. Profitability on equity

Conclusions

A comprehensive analysis of the financial condition of the company acts as a tool for assessing the financial condition and decisions on the choice of development strategy. It provides, on the one hand, information about the current financial situation and determine the adverse trends of the financial condition of the company, on the other - makes it possible to estimate reserve growth potential of the company to ensure its sustainable development.

Financial condition may be stable, unstable and crisis. Organization's ability to make timely payments to finance its activities on an extended basis is evidence of its good financial condition.

The financial condition of the organization depends on the results of its industrial, commercial and financial activities. If the manufacturing and financial plans are executed successfully, it has a positive effect on the financial position of the organization. Conversely, resulting in underperformance of production and sales is an increase in its cost.

Strong financial position of the company is the result of skillful management and considered the totality of production and economic factors that determine the performance of the company. These internal factors, visual results, the impact of which is the condition of assets and turnover, composition and value funds. In the financial well-being is also affected by firm and external environment or external factors, including - state tax and expenditure policies , market ( including financial ), unemployment and inflation , the average productivity, average earnings, etc.. From this perspective, sustainability - the process of combating the firm negative external circumstances. In a market economy is important stability, based on the control of feedback, that active management response to changing external and internal factors.

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