The instability of the economic situation, combined with the systematically important nature of the construction industry, attracts attention to the financial viability of construction companies constituting the basis for the successful implementation of their activities in market conditions. The article examines the bankruptcy statistics of Russian construction companies, analyzes the issues of assessing and predicting insolvency and discusses the utility of applying well-known models, in particular, the Altman’s modified five-factor model, in Russian situation. The dynamics of the financial indicators used in the model and Altman's Z-score for construction companies belonging to the “construction of buildings” sector and different in scale of activity are analyzed. The groups of companies are represented by the conditional companies having the median value of all indicators, Conclusions are drawn regarding the probability of bankruptcy for companies belonging to different groups, and regarding the directions for improving the methods for diagnosing the bankruptcy of construction companies.
Th e article gives the classifi cation of organizations, which prepare consolidated fi nancial statements in the Russian Federation in accordance with the legal system and constituent documents and initiative. Th e author considers the requirements of legal and government regulations for the preparation procedure, audit, extension, publishing and keeping of the consolidated fi nancial statements by these organizations.
The article discusses the recognition and disclosure of corporate pension plans of groups in a separate and consolidated financial statement in accordance with IFRS. The procedure of consolidation of the private pension funds, established by group and running its pension plans has been reviewed and recommendations has been suggested. The effect of incorporation of pension funds on the consolidated financial statements of the group has been revealed.
The article presents the author’s vision of the business reputation of the company as a reputation capital and part of goodwill formed by positive assessments of business in the business environment. Various approaches to assessing the business reputation of companies have been summarized, which cause problems in their application in audit practice due to insufficient transparency and reference to the specifics of business relations in the Russian Federation. Directions of improving methodological support for assessing the business reputation of counterparty organizations are proposed.
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