In present work, the peculiarities of simulation model of enterprises bankruptcy probability that exist in European, world and domestic practices were considered. The scientific econometric approach was applied to determine the overall presence and strength of the relation between the economic indicators of industrial enterprises. A financial analysis of large industrial manufactures in the region of Ukraine was conducted. To form the information base of the study, the authors estimated liquidity, solvency, business activity and profitability ratios that affect the financial condition of enterprises. They revealed the most significant ratios of financial condition analysis. According to the analysis of existing models of bankruptcy probability in the context of these industrial enterprises, an improved model for assessing the risk of bankruptcy was proposed and evaluated. The proposed model for estimating the probability of bankruptcy, taking into account the influence of the most significant ratios of financial analysis, confirmed that the percentage of provided bankruptcies and stable activities are acceptable and indicate high quality of the resulting equation. The IBM SPSS Statistics system was used to process the data, check the assumptions and prepare valid conclusions. The improved model will allow it to be used in the practice of diagnosing the probability of bankruptcy of industrial enterprises, which will help identify the threat of bankruptcy in time and ensure stable operation of the industrial enterprise.
The present article analyzes the benefits of using advanced technology of distributed databases to reduce the financial costs of various voting. At the current stage of society development and global computerization, the main attention is paid both to observing all the basic democratic components of the elections and accessibility for voters and, if possible, to a low strain on the state budget. When studying the history of the electoral institution development and analyzing contemporary issues, the attention was focused on the use of information technologies in the development of electronic voting systems. As a part of the analysis of elections economic component, the number of voters in Ukraine was investigated, the structure of the total costs of 2017- 2019 elections, the projected figures for 2020-2021 and expenditures of the state budget of Ukraine for the Central Election Commission for 2014-2020 were analyzed. When creating the software product, the blockchain technology overview was carried out in terms of its applicability in the field of electronic voting. The developed system demonstrates the need for a distributed database technology use in modern electronic voting systems. A smart contract code has been created and developed to minimize the voting costs and to ensure the system reliability. The benefits and specificity of the proposed system are considered in the present work
Economic security of industrial enterprises: analysis of the financial situation, probability of bankruptcy, net economic effect of investment attracting. In modern economic conditions, the owners, shareholders, investors, and lenders are interested in the results of large industrial enterprises. On the basis of the published financial statements, they assess the financial position of the company and the probability of its bankruptcy. The financial analysis of PJSC ZAZ for the years of 2013-2017 was carried out, namely the analysis of liquidity (coverage ratios, rapid liquidity, absolute liquidity and net working capital), solvency (solvency ratios (autonomy), financing, provision of own working capital, self-esteem maneuverability capital), business activity (turnover ratio of assets, turnover of accounts payable, turnover of accounts receivable, turnover of inventories, return on equity, maturity spare payables and receivables, capital), profitability (return on assets, return on equity, return on sales). The probability of bankruptcy on the models of Altman, Springate, Tuffler and Tishau, Sayfulin-Kadikov, Lis, Konan and Golder, Beaver of PJSC ZAZ for the years of 2013-2017 was calculated. The definition of the annual economic effect obtained by increasing the reliability of economic security, which will be equal to the difference between reducing the loss from increasing the reliability of economic security and additional economic costs, is proposed. It is proposed to determine the net annual economic effect, minus the attracted investments in the economic security of an industrial enterprise, which will be achieved, provided that the annual economic effect obtained by increasing the reliability of economic security will be greater than the attracted financial investments with interest.
присвячена проведенню аналізу фінансового стану та виявленню загроз як засобу прогнозування ймовірності банкрутства промислового підприємства. Методика. Для вирішення поставлених задач запропоновано застосувати методику прогнозування ймовірності банкрутства підприємств. Результати. У роботі розглянуто діючі показники фінансового аналізу промислового підприємства, які найчастіше використовуються на практиці. Вони мають певні недоліки, оскільки складно вибрати зручну методику для проведення фінансового аналізу через їх різноманітність, крім того наявні методики не враховують галузеві відмінності, деякі методики побудовані із закордонних методик та не враховують особливості роботи вітчизняних промислових підприємств, використання деяких нормативних значень недостатньо обґрунтоване, присутня певна суб'єктивність при виборі показників та важливості їх впливу на загальний фінансовий стан підприємства. В статті проведено аналіз фінансового стану ТОВ «ЗТМК» з метою виявлення загроз ймовірності банкрутства за 2013-2017 роки, а саме проведено аналіз: ліквідності, платоспроможності, ділової активності, рентабельності. Аналіз ймовірності банкрутства ТОВ «ЗТМК» проведено за моделями Альтмана, Спрингейта, Таффлера і Тішоу, Сайфуліна-Кадикова, Ліса, Конана і Гольдера, Бівера за 2013-2017 роки. Наукова новизна. Для оцінювання фінансового стану промислового підприємства запропоновано використовувати ряд методів: коефіцієнтний, комплексний, інтегральний, беззбитковий, рівноважений, оцінки фінансової стійкості підприємства. У процесі оцінювання ймовірності банкрутства підприємства, і відповідно, його кредитоспроможності рекомендовано розрахувати такі основні блоки показників: показники рентабельності та прибутковості; показники ліквідності; показники фінансової стійкості; показники оборотності. Практична значимість. Серед представлених моделей дослідження ймовірності банкрутства немає методики з достовірними результатами діагностики. Оскільки при використанні зазначених методик прогнозування ймовірності банкрутства було отримано суперечливі результати про загрозу банкрутства.
The purpose. The work is devoted to the analysis of the financial condition and the identification of threats as a means of predicting the probability of bankruptcy an industrial enterprise. The methodology. To solve the tasks it`s proposed to apply the methodology for predicting the probability of bankruptcy of an enterprise. The results. The paper considers the existing indicators of financial analysis of an industrial enterprise which are often used in practice. They have certain drawbacks since it`s difficult to choose a convenient methodology for conducting financial analysis through their diversity, besides, there are methods that do not take into account industry differences. Some methods are based on foreign methods and don`t take into account the peculiarities of domestic industrial enterprises. The uses of some standard values are not sufficiently reasonable. In the selection of indicators, there is certain subjectivity and the importance of their influence on the overall financial condition of the company.The article analyzes the financial condition of ZTMK, LLC, in order to identify threats to the likelihood of bankruptcy for 2013-2017. The analysis was conducted in: liquidity, solvency, business activity, profitability. The analysis of the probability of bankruptcy of ZTMK LLC was carried out according to the models of Altman, Springate, Taffler and Tishou, Saifulin-Kadykov,Lys, Konan and Golder, Beaver for 2013-2017.Scientific novelty. For assessing the financial condition of an industrial enterprise it was proposed to use a few methods: coefficient method, integrated method, integral method, break-even method, investment method, the method of the assessment of the financial stability of the enterprise. In the assessing of probability bankruptcy of an enterprise and its creditworthiness, it is recommended to calculate the following main sets of indicators: rentability and profitability, liquidity, financial sustainability, turnover.Practical significance. Among the presented models of the study of the probability of bankruptcy, there is no methodology with reliable diagnostic results since when using these methods to predict the probability of bankruptcy, contradictory results were obtained about the threat of bankruptcy.
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