Analysis and evaluation of the financial condition of commercial organizations

Analysis of the financial condition allows you to solve not only the emerging problems at the enterprise, but also to mobilize the leadership for action. Due to this, certain models and strategies for the development of the organization are developed, control over their implementation is carried out, the results of activities, namely, departments, employees, etc. Assessment of financial condition implies the initial stage of analysis, where accounting data are used, as well as explanations to it. Ignoring these factors leads to an erroneous assessment of the financial stability of an economic entity.