In conditions of external development instability, analysis of how the financial stability of the enterprise is managed is of great importance. The management of the financial support of a company or enterprise, as well as financial stabilization at the macro- and microeconomic level and economic independence as a whole depend on the correct choice of his model.
Financial is characterized as the state of the company's accounts, which guarantees its solvency. Methods of managing finances and financial stability should be characterized by such parameters in order to meet the requirements and trends of market development and meet the needs of the enterprise.
Financial stabilization of an enterprise is achieved only if a combination of factors such as creating conditions for the possible provision of increasing the volume of profitable production at constant growth rates of real equity and the ability to ensure stable management of the financial stability of the enterprise. Evaluation of these parameters enables external analysts to reliably determine the resource potential of the enterprise, its prospects, evaluate financial independence, and formulate a forecast for future development. Statistics show that the financial stability of a number of Russian companies is declining, since with a decrease in the volume of activities, the sums of long-term and current liabilities are growing rapidly. The reasons for this are the impact of the global crisis, rising inflation, unstable state tax and credit policies, and a worsening investment climate in the state. Sustainability, in itself, depends on the financial potential, which, in turn, is determined by the volume of own as well as borrowed funds and attracted resources, which the company has the ability to dispose of.
The reasons for the mismatch to the proper level of financial stability may be different, but which can be classified into:
- current - affecting the level of stability. The current discrepancy is eliminated by operational methods of financial management;
- strategic - those that affect the achievement of the proper level of financial stability: errors in the management strategy, in the financing policy, etc. Strategic non-compliance can be eliminated through actions such as adjusting or replacing goals, implementing diversification, and managing the financial stability of an enterprise by creating new organizational forms.
Financial stability is a complex category that can be characterized as a certain state of finance, the efficiency of their placement and use, which ensures the development of all segments of the enterprise. Financial stability shows economic relations that form the financial mechanism for ensuring the progressive movement of socio-economic development.
The financial problems that now arise in most enterprises are forcing to generate new forms of business organization. One of the ways that can help to maintain a stable position of an enterprise is flexible financial planning and effective management of the financial stability of the enterprise, of which financial planning is a part.
An important condition for the formation of a planning model should be the development of unified documents of the planning system within the enterprise, the establishment for all participants in the process of uniform rules for the formation, control and analysis of plans and their management.
Compilation of multivariate financial plans (scenarios) according to the set criteria of effectiveness will help increase the degree of flexibility and maneuverability of financial planning , which will reduce the risks of non-fulfillment of plans or their excessive deviation from reality upon completion.
To strengthen the relationship and balance between the various plans, it is necessary to adjust the annual financial plan at least once every 30 days. It is also important to compare the annual plan with the operational plans and the results of their implementation.
Dividing the entire planning process into separate modules will greatly simplify the process of formation and implementation of the plan, as well as the process of control over its implementation.
The transition to modern methods of financial resource management, the introduction and use of specialized automated control and planning systems, will allow for multidimensional financial planning.