Интегральная оценка финансового состояния предприятий региона
An Integral Evaluation of the Financial State of the Regional Enterprises

Summary/Abstract: The subject matter of the article is the development of theoretical positions and methodical approaches to the integralevaluation of the financial state of the region’s metallurgical enterprises. The purpose is to show the possibility of dividingthe integral evaluation into separate elements for using this tool to build individual models based on the forecasting of thevarious coordinates of the financial position of enterprise. The hypothesis of the study is based on the objective need toimprove the integral evaluation of the financial position of enterprises. This involves the modernization of existing theoreticaland methodological approaches to the increase of the quality of analysis by eliminating certain shortcomings of discriminantmodels in order to clarify the algorithm of constructing the integral index. The methodological bases of systemic approach andmathematical modelling in economics are applied: the methods of financial analysis, grouping, abstraction, comparison whichgive the possibility of determining the financial indicators needed to build the predictive models of financial state; the methods ofcorrelation and regression analysis, which allow to improve the integral value and to build the mathematical forecasting models.With the purpose of improving the integral evaluation of the financial condition of enterprise, the geometric interpretationis used, which involves the dividing of the integral indicator on the individual elements. The special feature of the proposedmethodological approach consists in the implementation rules for the certain procedures of the evaluation of financial positionand generalization of the analysis results. The proposed approach can be used by financial analysts to elaborate the strategicplans of company development and structure optimization of financial resources. This research allows to define the quantitativeinfluence of separate parameters on the general assessment of the financial position for the purpose of its forecasting, which isunderstood as the system of the evidence-based probabilistic assumptions of the basic and alternative structural changes of theenterprise’s assets and liabilities

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