Factors affecting the financial and economic condition of the organization

In the article, the author examines the factors affecting the financial condition of the organization are diverse in terms of sources of occurrence and degree of impact. The financial condition depends on many factors. For example, the position of an organization in the market, solvency, competitiveness, potential for further development, as well as a number of political and general economic factors that may have an indirect impact. The higher the level of financial stability of an organization, the more independent and protected the company is from changes of various kinds, and the lower the risk of going bankrupt. By conducting such an analysis, the company understands what needs to be done to make the company profitable.