The Financial Results of Small Enterprises and Features of their Formation
| Autor: | Ischenko Nina A. |
|---|---|
| Jazyk: | English<br />Russian<br />Ukrainian |
| Rok vydání: | 2020 |
| Předmět: |
financial results
formation of the enterprise’s financial results revenues and expenses of enterprise crisis of profitability anti-crisis management of enterprise effective mechanism of financial stabilization tactical mechanism of financial stabilization strategic mechanism of financial stabilization Business HF5001-6182 |
| Zdroj: | Bìznes Inform, Vol 5, Iss 508, Pp 388-393 (2020) |
| Druh dokumentu: | article |
| ISSN: | 2222-4459 2311-116X |
| DOI: | 10.32983/2222-4459-2020-5-388-393 |
| Popis: | The article is aimed at highlighting the features of formation of financial results of small businesses. Approaches to defining the essence of the concept of «financial result» and the factors influencing the formation of financial results of the enterprise’s activities are considered and generalized. The procedure for forming the financial results of a small enterprise is defined. When considering the features of the financial performance of small businesses, it is identified that their incomes are decreasing and their costs are rising. This leads to an increase in the loss, and running at a loss is a sign of the crisis status of enterprise. The factors leading to strategic crisis, profitability crisis and liquidity crisis at enterprise are defined. The need to introduce anti-crisis management of enterprise in order to overcome the loss, as well as ensure sustainable development is substantiated. It is determined that the main role in the enterprise’s anti-crisis management system belongs to the wide use of financial stabilization mechanisms. It is determined that the financial stabilization of enterprise should be carried out according to the following stages: elimination of insolvency; restoring financial stability; changing the financial strategy to accelerate economic growth. According to the research results, it is advisable for small enterprises to apply effective, tactical and strategic financial stabilization mechanisms. |
| Databáze: | Directory of Open Access Journals |
| Externí odkaz: |
|