Use of financial statements as a basis for construction of dynamic balance model for companies

Abstract

Purpose: the paper proposes an algorithm of construction of a dynamic balance model at the micro level based on the financial statements of the enterprise using software program. Discussion: in connection with development of the theory and practice of construction and studying of V.V. Leontieff dynamic balance models for planning and forecasting of the activities of the enterprise there arises a problem for structuring of a process of such model construction and algorithmization. The main sources of information on the economic activity of the enterprise are its unified financial statements. This point actualizes the purpose of the investigation. The algorithm is based on a method of construction of a degenerate dynamic balance model suggested by A.V. Keller. Results: authors propose and discuss a step by step process of drawing up of such model based on financial statements of enterprise using «1C» software.