The Financial-Economic Diagnostics and Ways to Improve Performance of Enterprise

Abstract

The article is aimed to prove that, in the current stages of economic development, agricultural enterprises need to carry out financial-economic diagnostics, which include the use of a certain sum of information of both internal and external nature concerning results and prospects of the enterprise’s financial and economic activities. Of particular importance is the timely and objective assessment of the financial-economic situation of enterprises with different forms of ownership, since no owner should neglect the potential possibilities for increasing the profits of enterprise, which can only be provided on the basis of timely and objective analysis. Carrying out the diagnostics of the financial health of enterprises facilitates the informational provision of all participants in the production process to develop plans and projections for financial recovery of enterprises.

Keywords

• economic diagnostics
• financial diagnostics
• financial analysis
• financial status of enterprise
• financial efficiency