Improvement of the procedure for analysis of financial risks and their assessment

In this paper, we consider the improvement of the procedure for analyzing financial risks and assessing them by analyzing the financial and economic activities of the enterprise and evaluating job descriptions and structure of the organization (to identify responsible employees for risk analysis), as well as analyzing the calculation of the probability of bankruptcy using models such as Z account of Altman and the five-factor model R.S. Sayfullina and G.G. Kadykova. In the course of the work, it was revealed that today the risk of not achieving the planned goals or performance indicators is of utmost importance for the enterprise. Financial risks at domestic enterprises are growing due to uncontrolled growth of loans, lack of responsible employees for risk assessment, analysis and management, as well as the failure to use information technology to improve financial risk management. Based on the results of this work, I propose 4 stages of improving financial risk management and assessing financial risks at an enterprise using various models to assess the likelihood of bankruptcy.