Financial state of the organization as the term of economic analysis

Abstract

Purpose: the authors analyse the concept of the «financial state of the organization». Discussion: functioning in a competitive environment determines the need for regular financial state assessment of the organization. The content of the analysis of the financial state directly depends on the definition of this concept. The researchers covered this issue in sufficient detail in the scientific literature. However, the different scientists interpret the definition of the financial state of the organization from different perspectives. Results: the authors highlighted two meaningful approaches to financial state of the organization determination: resource and balance; proved the complementarity of these approaches. In addition the authors offerd a new graphic interpretation of the concept of the «financial state of the organization.