Ways to improve the efficiency of bankruptcy procedures in Russia

The article deals with the issues of risk management of economic activities of organizations and enterprises on the basis of complex indicators of financial and economic condition. The relevance of this topic is due to the need of economic entities to obtain objective and reliable comparative integral assessments of the financial condition of various organizations within the framework of financial planning and controlling procedures. The main directions of application of complex indicators for solving various management tasks are considered, such as the development of rank and rating models of financial condition, analysis of the probability of bankruptcy of organizations, assessment of the creditworthiness of borrowers. The possibilities of complex assessments of the financial and economic condition of organizations for the development of formalized risk management models are analyzed.