Issue 1 (23) 2014

ZhukovaT.M. Kondratyeva K.S. MODERN FEATURES OF APPLICATION OF ECONOMIC MODELS OF DIAGNOSTICS OF PROBABILITY OF APPROACH OF BANKRUPTCY OF LEGAL ENTITIES

MODERN FEATURES OF APPLICATION OF ECONOMIC MODELS OF DIAGNOSTICS OF PROBABILITY OF APPROACH OF BANKRUPTCY OF LEGAL ENTITIES

T.M. Zhukova

Perm State National Research University
15, Bukirev st., Perm, 614990
E-mail: This email address is being protected from spambots. You need JavaScript enabled to view it.

K.S. Kondratyeva

Perm State National Research University
15, Bukirev st., Perm, 614990
E-mail: This email address is being protected from spambots. You need JavaScript enabled to view it.

Abstract: In article the questions connected with application of economic models and methods for forecasting of bankruptcy of legal entities are analysed.

According to the current legislation about bankruptcy the limited amount of criteria is applied to diagnostics of insolvency of legal entities: coefficients of the current liquidity, security with own working capital and restoration (loss) of solvency. The basis for recognition of structure of balance unsatisfactory, and the enterprises insolvent is existence of one of conditions: the coefficient of the current liquidity for the end of the reporting period has value below of the standard; the coefficient of security with own current assets for the end of the reporting period has value below of the standard.

At the same time, in Russia and abroad there is a large number of economic models of diagnostics of probability of approach of bankruptcy of legal entities.

The conclusion that prevention of the reasons of insolvency and restoration of financial stability of the enterprise should be connected including, with application of institute of diagnostics of bankruptcy is drawn. For increase of efficiency of a financial condition of the legal entity the author suggests to combine economic receptions with strategy of his development, widely to use criteria and indicators of an assessment of a financial condition of the concrete enterprise that will allow to attach special significance to the pre-judicial procedures directed on restoration of solvency.

Authors suggest to develop uniform system (technique) of diagnostics of bankruptcy of the legal entity for an assessment and bankruptcy forecasting, and also need of assignment for a legislative order of a duty of the legal entity to present as the annex to accounting reports to tax authorities a quarterly, semi-annual or annual technique of the analysis of the financial and economic activity, directed on identification of signs of bankruptcy. Today the legislation of the Russian Federation didn't provide a duty of application by the enterprises of the quarterly, semi-annual or annual techniques directed on identification of signs of insolvency. As the main tasks of the analysis of a financial and economic condition of the legal entity the correct estimates of an initial financial position and dynamics of its further development have to act.

Keywords: bankruptcy; legal entity; diagnostics; financial state; economic analysis; solvency restoration; crisis management; sanitation; bankruptcy forecasting

References

1. Antikrizisnoe upravlenie: ucheb. posobie dlja tehn. vuzov / pod red. E.S. Minaeva i V.P. Panagushina. M.: Prior, 1998. 432 s.

2. Barenbojm P.D. Pravovye osnovy bankrotstva: ucheb. posobie. M.: Belye al'vy: TOO «Teis», 1995. 194 s.

3. Gavrilov V.E. Bankrotstvo v Rossii: voprosy istorii, teorii i praktiki. M.: Teis, 2003. 207 s.

4. Goncharov A.I., Terent'eva M.V. Dosudebnoe vosstanovlenie platezhe­spo­sobnosti hozjajstvujushhego sub#ekta: pravovye i finansovye aspekty. SPb.: Jurid. centr Press, 2004. 218 s.

5. Kovalev V.V. Vvedenie v finansovyj menedzhment. M.: Finansy i statistika, 2000. 768 s.

6. Kovalev A.I., Privalov V.P. Analiz finansovogo sostojanija predprijatija. M.: Centr jekonomiki i marketinga, 2000. 256 s.

7. Kovalev A.P. Diagnostika bankrotstva. M.: Finstatinform. 1995. 90 s.

8. Krjukov A.B. Egorychev I.G. Analiz metodik prognozirovanija krizisnoj situacii kommercheskih organizacij s ispol'zovaniem finansovyh indikatorov // Menedzhment v Rossii i za rubezhom. 2000. №2. S. 91–98.

9. Le Hoa Suan. Ocenka i prognozirovanie bankrotstva predprijatija: dis. … kand. jekon. nauk. M, 1999. 198 s.

10. Markelov A.Ju. Jekonomicheskie otnoshenija nesostojatel'nosti firmy: dis. … kand. jekon. nauk. Saratov, 2002. 205 s.

11. Meskon M., Al'bert M., Hedouri F. Osnovy menedzhmenta. M.: Delo, 1998. 704 s.

12. Moljakov D.S., Shohin E.I. Teorija finansov predprijatija. M.: Finansy i statistika, 2000. S. 92–94.

13. Ob utverzhdenii Pravil provedenija arbitrazhnym upravljajushhim finansovogo analiza: postanovlenie Pravitel'stva Ros. Federacii ot 25 ijunja 2003 g. №367 // Sobr. zakonodatel'stva Ros. Federacii. 2003. №26, st. 2664.

14. O monitoringe finansovogo sostojanija organizacii i uchete ih platezhesposobnosti: rasporjazhenie FSFO RF ot 20 dek. 2000 g. №226-r // Ros. gazeta. 2001. №25. (Utratilo silu).

15. O nekotoryh merah po realizacii zakonodatel'stva o nesostojatel'nosti (bankrotstva) predprijatij: postanovlenie Pravitel'stva Ros. Federacii ot 20 maja 1994 g. №498 // Sobr. zakonodatel'stva Ros. Federacii. 1994. №5, st. 490. (Utratilo silu).

16. Teorija i praktika antikrizisnogo upravlenija / pod red. S.G. Beljaeva, V.I. Koshkina. M.: Zakon i pravo, JuNITI, 1996. 345 s.

17. Fomin Ja.A. Diagnostika krizisnogo sostojanija predprijatija: ucheb. posobie dlja vuzov. M.: JuNITI-DANA, 2003. 349 s.

18. Altman E.I. Financial Rations. Discriminent Analysis, and the Prediction of Corporate Bankruptcy // Journal of Finance. 1968. September.

19. Altman E.I., Haldeman R.G., Narayanan P. Zeta Analysis: A New Model to Identify Bankruptcy Risk of Corporation // Journal of Banking and Finance. 1977. June.

20. Beaver W.H. Financial Rations and Predictions of Failure // Empirical Research in Accounting Selected Studies, Supplement to Journal of Accounting Research. 1996.