ANALYSIS AND ECONOMIC DIAGNOSTICS OF ENTERPRISE ASSETS AND THEIR RELATED COSTS: FEATURES AND PREREQUISITES OF IMPLEMENTATION

Abstract

The article is devoted to a modern and quite relevant topic, namely, the features and prerequisites for the implementation of analytical evaluation as an element of diagnostics of the functioning of enterprises. Today's realities encourage the heads of enterprises to take decisive and timely actions regarding the conduct of their financial and economic activities. That`s why, an element of insurance against crisis situations in which any enterprise may find itself is a detailed analysis and a thorough economic diagnosis of the financial state. In view of the above, the main prerequisites, types and methods of conducting analytical operations through the developed analytical mechanisms were revealed. A study of possible crisis situations was also conducted and the impact of economic diagnostics on the optimization of activities through the proposed algorithm of actions was revealed. The modern conduct of financial and economic activity requires domestic entrepreneurs to always be on their toes and follow fluctuations in the situation on the market of one or another type of product (service). Timely economic diagnosis and analysis of assets and expenses of the farm can be a valuable helper. Since the company's assets are the main source of operational activity, which includes the production and sale of products, goods, services, as well as the main array of costs associated with this, the procedure for their optimization is a key task of economic diagnostics. Thus, we note that the process of timely and high-quality analysis of the company's assets and related expenses is an urgent issue and requires further consideration and resolution. The complexity of conducting domestic business due to a full-scale war in the country leads to the search for new (non-standard) ways, methods and techniques of conducting business. We believe that the development of analytical mechanisms for qualitative economic diagnosis of enterprises in the context of the development of the latest areas of work remains an unresolved issue and requires further research. Summarizing the material presented above, we note that the analysis and economic diagnosis of the company's assets and related costs is a key factor in the successful functioning of each company, because it is the assets and their optimal and competent use that will maximize the profitability of the economy and increase its economic efficiency.