Current trends in formation of financial analysis: contradictions and development prospects

The article studies the system of financial analysis of economic entities in a market environment. We have investigated the dynamics of applying the available methods of financial analysis and revealed that not all of them are used by economic entities. This narrows the directions for identifying shortcomings and contradictions in the activities of enterprises. We have concluded that there is an objective necessity of applying all available methods of financial analysis in the conditions of uncertainty, risks and stiff competition. Careful financial analysis will enable economic entities to achieve efficient, breakeven results, to anticipate risks.