Diagnostics of financial condition as the basis of anti-crisis management of an organization

Diagnosis of the financial condition allows you to determine the degree of competitiveness of the organization, its solvency, ability to finance activities with its own funds and rationally use these funds. Assessment of financial condition is the basis for making management decisions. This paper presents a study of a number of theoretical aspects that determine the essence and mechanism for diagnosing the financial condition of an organization. An analysis was performed to substantiate the need for financial diagnostics as the basis for maintaining the stability and sustainability of the company. As the study results show, the active use of diagnostics by companies will help avoid insolvency through the development and timely application of appropriate anti-crisis measures.