Analysis of the financial condition as a basis of bankruptcy diagnostics

At present, the management team at any enterprise needs to be able to assess the financial and economic state of the enterprise and the state of market relations in order to ensure efficient production activity. Analysis of the financial condition allows us to characterize the overall financial situation of the enterprise and to identify the strengths and weaknesses of its financial activities. The results obtained in the course of such an analysis can help establish the causes of the crisis of the enterprise, assess the likelihood of bankruptcy, and also create effective measures for financial recovery.