«актуальные вопросы развития социального сектора экономики: отечественный и зарубежный опыт»

INTERNATIONAL SCIENTIFIC-PRACTICAL CONFERENCE 
«ACTUAL ISSUES OF THE DEVELOPMENT OF THE SOCIAL SECTOR OF THE 
ECONOMY: DOMESTIC AND FOREIGN EXPERIENCE»
 
ANDIJAN, UZBEKISTAN, MAY
 2020
 
238 
«Иқтисодиётнинг ижтимоий секторини ривожлантиришнинг долзарб масалалари: миллий ва хорижий тажриба» 
«
Актуальные вопросы развития социального сектора экономики: отечественный и зарубежный опыт
»
 
the enterprise, the system of indicators (indicators) that characterize it, and the 
methodological approaches to determining the level of financial security. 
The most common according to Blazhevich O.G. is an indicator approach, 
which consists in the selection of certain indicators characterizing financial security, 
and in comparing their actual values with threshold ones. In the process of assessing 
the financial security of the enterprise, first of all, it is necessary to form a system of 
indicators (indicators) that allow for its diagnosis.[6] 
When choosing indicators, one should proceed from the fact that for such 
indicators critical and normal values can be calculated. As threshold (critical) values 
of indicators of financial security, scientists understand their limit values, non-
observance of which leads to the formation of negative trends (threats) in the field of 
financial security, and therefore, imbalances in the economic activity of the enterprise 
and a violation of its development as a whole. 
The highest degree of security is achieved provided that the entire set of 
indicators is within the acceptable boundaries of their threshold values, and the 
threshold values of one indicator are achieved without prejudice to others. 
When applying this technique, the problematic issue is the determination of 
threshold values of indicators, as well as the choice of indicators themselves. Among 
the indicators should be indicators that take into account specific industry 
characteristics that are most characteristic of a given enterprise and that have 
important strategic importance for the latter. The system of indicators should 
correspond to the composition and importance of the main threats to the financial 
security of the enterprise. When determining threshold values, it is necessary to take 
into account the particularities of the enterprise, the specifics and conditions of the 
market in which the product is sold, and other factors. 
R.S. Papekhin in the system of indicators for assessing the financial security of 
an enterprise includes: financial ratios (coverage, autonomy, financial leverage, 
security of interest payable, return on assets, return on equity); Weighted Average 
Cost of Capital (WACC); company development indicator; temporary structure of 
loans; diversification indicators of buyers (suppliers); profit growth rates, sales of 
products, assets; the ratio of the turnover of receivables and payables.[7] 
Many authors are of the opinion that it is necessary to determine an integral 
indicator of the financial security of an enterprise. But today there is no single 
universally accepted way to calculate it. 
On the basis of the information received, the enterprise management should 
develop a set of operational and long-term measures to counteract negative factors, as 
well as to prevent and overcome possible negative consequences and threats. 
References: 
1. 2017-2021 йилларда Ўзбекистон Республикасини ривожлантиришнинг 
бешта 
устувор 
йўналиши 
бўйича 
ҳаракатлар 
стратегияси 
http://strategy.gov.uz/uz/pages/action_strategy.