Possibilities of using financial analysis tools in production control of a corporate organization (on the example of JSC «Minudobrenia»)

Abstract

Importance: the effectiveness of applying financial analysis tools depends on the objectives that are addressed in the process of implementing analytical work. The target aspect of its implementation influences the choice of analysis directions, justification of their priority and construction of a system of their integrated interaction. Competent construction of a corporate organization strategy contributes to the formation of a system of indicators for assessing the effectiveness of the corporation’s current activities, their division into priority, basic and control criteria. Purpose: to reveal the features of applying financial analysis methods in industrial control to solve practical problems that allow solving industrial safety problems of an economic entity, increasing the efficiency of the main business processes of activity and strengthening the competitiveness of an organization in the conditions of functioning markets. Research design: to solve the objectives, a set of scientific knowledge measures was used, including analysis, synthesis, integrated and systemic approaches, methods and techniques used in the analysis of the financial component of economic security. In the course of the study, the works of domestic and foreign scientists were studied and summarized. Results: the main directions of application of financial analysis methods in production control of corporate organization activities are substantiated, which will allow developing recommendations for improving the state of the internal production environment of the corporation and will increase the level of its industrial safety. The conclusions formulated in the course of the study are used in solving a number of problems of corporate organization functioning related to optimization of production processes, improving the quality of their implementation, identifying possible risks of reducing the level of competitiveness taking into account the interaction of the external and internal environment in modern functioning markets