The use of complex models of financial diagnostics in the confectionery industry

In modern conditions, the dynamic development of the external environment of the company requires continuous monitoring of its financial condition. Analysis of the enterprise is a basis for substantiating management decisions aimed at improving the financial situation of the company. In this regard, the relevance of a more detailed consideration of such a concept as financial diagnosis of the enterprise. In the course of the theoretical part of this work, it was concluded that “financial diagnostics” and “financial analysis” are identical concepts, which are a set of stages in the study of the company's financial indicators, their dependencies on various factors and from each other. In this paper, the whole variety of methods of financial diagnostics was divided into three main types. In the practical part of this work, the considered methods of financial diagnostics were applied to two enterprises of the confectionery industry: CJSC Sormovskaya Confectionery Factory and OJSC Rot Front. The results of the analysis of their financial situation using various methods of financial diagnostics in general gave similar results, especially regarding the dynamics of changes in financial indicators. The calculated values of three of four different models based on the financial statements of each of the enterprises gave the same result: the financial condition of both confectionery factories was found to be unsatisfactory, and the risk of bankruptcy was considered high. In general, summing up the results of the entire financial analysis of each of the enterprises, we can conclude that the financial situation of the Rot Front factory is more positive than that of the Sormovskaya confectionery factory, however both enterprises are characterized by low solvency and a decline in production volumes, which may be associated with the deterioration of the situation in the industry as a whole due to the rise in price of raw materials.