Developing System of Indicators Estimating Bankruptcy Possibility for Public Catering Organizations within the Frames of Crisis Management

Abstract

Developing the optimum crisis strategy depends mainly on the quality of analytical base, which is built in the process of finance analysis and diagnostics of organization bankruptcy. It is connected with organizations of public catering as well. Today issues of shaping the optimum set of indicators to estimate bankruptcy possibility have not been clarified so far. Thus the necessity of investigations in the field is stipulated by debatable nature of accounting for sectoral peculiarities in the current assessment methods. The goal of the research is to identify specific features of building the system of indicators for estimating bankruptcy possibility in public catering organizations. Such research methods as comparative analysis, statistic analysis, correlation analysis, bench-marking, classification and ranking were used, as well as the modified method of hierarchy analysis. As a result of the research academic and practical recommendations were put forward dealing with developing the system of indicators for estimating bankruptcy possibility in public catering organizations. The authors came to the conclusion that the optimum system of indicators for estimating bankruptcy possibility could foster the development of efficient strategy of crisis management.

Keywords

• financial standing
• organizations of public catering
• bankruptcy
• figures of finance functioning