The role of financial analysis in making effective management decisions of the company

In the conditions of increasing the role of information in modern society, expanding international cooperation, characterized by instability of the situation, many difficulties are created for economic entities. Therefore, great attention is paid to the formation of correct accounting policies and analysis of existing reports. Properly and timely analysis allows you to detect weaknesses in the organization of the production process before the onset of negative consequences, as well as reserves for improving production efficiency. Thus, the relevance of the topic is determined by the need to understand and apply the theoretical and practical methods of economic analysis considered in making effective management decisions of economic entities. At the stage of formation of modern market relations, there is an urgent need for constant monitoring and analysis of economic processes. Conducting financial analysis contributes to achieving significant results in the market. There are a large number of methods for performing this type of activity, which to a greater or lesser extent gives an idea of the economic state of the object under study. This paper provides an overview of the main methods for assessing the financial condition of a company. The practical implementation of the described methods is considered on the example of an effective company in the Krasnodar territory.