Assessment of the financial condition as an element of the organization financial management system

The most important condition for the successful functioning of any business entity is the adequacy and effectiveness of the use of Finance and financial resources, which can be determined with the assessment of the financial condition. Finance, financial resources, their effective use in a market economy is becoming one of the leading elements of any organization. Systematic financial analysis at the enterprise allows to improve the efficiency of the company's finances. Its main purpose is a comprehensive systematic study of the financial condition of the enterprise and the factors affecting it, in order to predict the level of return on capital, identify opportunities to improve its functioning. The ability of an enterprise to function and develop successfully, to maintain the balance of its assets and liabilities in a constantly changing internal and external business environment, to maintain its solvency and financial stability indicates its stable financial condition and vice versa. The management of the organization is inseparable from financial management, which focuses on the assessment of financial condition. Most of the subjects interested in the results of the company's activities are based on the results of the assessment of the financial condition of the company to make decisions to optimize their interests. In the article the authors consider the financial condition of the enterprise as a factor of the economic development of financial and economic activity. Particular attention is paid to the concept of financial stability, ensuring the independence of the organization from external sources of funding. In conclusion, it is stated that the use of coefficients calculation methods, without additional analysis can lead to incorrect results that do not correspond to the actual state of affairs on the state of financial resources and capital of the company.