Conceptual approach to the assessment of the financial condition of agricultural organizations

One of the most important factors of the effective operation of business entities in the new economic circumstances, in particular, under the conditions of preventing spread of the new coronavirus infection (COVID-19), is a diagnosis of the financial condition, which makes it possible to identify unfavorable business development trends timely and ensure the bailout package. In this regard, the methodological basis is of great importance, allowing to conduct analytical research in the context of the application of effective algorithms to identify financial problems and develop practical recommendations for their elimination. This line of research requires improvement, development of the theoretical and methodological foundations of economic analysis and assessment of the effectiveness of financial activities of organizations that meet the needs and characteristics of the modern economy. The purpose of the research is to develop conceptual provisions and guidelines for assessing the financial condition of the agricultural organizations. With the help of general scientific and economic-statistical research methods, an evaluative monitoring of the financial activities of agricultural organizations in the Oryol region was carried out. The author's concept is based on the application of a point-based assessment of financial indicators - autonomy coefficients (concentration of equity capital), current liquidity, provision with own circulating assets, which allows diagnosing and interpreting the level of economic development of an agricultural organization under the modern conditions. The methodology for assessing the financial and property status was developed and tested, based on the use of the absolute value of net assets and the calculation of relative indicators - the ratio of net assets to authorized capital, turnover and profitability of net assets. Proposals to improve and stabilize the financial and property situation of enterprises are formulated. Practical recommendations can be used when conducting a comprehensive financial analysis of business entities.