Educational approach to bankruptcy prediction model development

Abstract

There is a likelihood of a crisis in any organization, which is determined by objective factors such as the fluctuations in market conditions, periodic modernization of technology, the changes in the organization of production, the change of personnel or external conditions, and often political and educational circumstances. Hence, this study mainly attempts to analyze the educational approach to bankruptcy prediction model development. To meet that aim, a descriptive method is utilized, and several relevant studies are taken in to consideration. Based on the results obtained, it can be concluded that foreign authors include the indicators calculated using the data on financial results (the report on financial results) as the most significant indicators, while Russian authors are more focused on the use of the enterprise property status (balance sheet).

Keywords

• Educational circumstances
• Crisis
• Market conditions
• Technology