Экономические науки/10.Экономика предприятия.

Nurpeissova Zh.S.

A.Baitursynov Kostanai State University, Kazakhstan

Factors affecting the financial stability of the enterprise

In circumstances of modern life enterprise is being master link of marketing, because exactly in this level created products are useful for society and necessary services are providing for them. Enterprise has independent balance, settlement and other accounts in banks, seal with it`s name.

Social economy are usually seen as the total sum of different enterprises which have strong industrial, cooperating, commercial and other relationships between ourselves and government. Exactly enterprise releases products, performs works and services, that`s creating basic to consumption of goods in society and increasing national wealth. Their financial condition depends on how effectively the company will work [1].

Financial stability of the enterprise is one of the key characteristics of the financial condition, representing the most capacious, concentrated indicator of the degree of security to invest in this company. This property is a financial condition that characterizes the financial viability of the enterprise.

Managing financial stability is one of most important task of management in every period of enterprise`s life which aim is to provide independence from external counterparties and rationality of covering assets with the sources of their funding. Financial stability is the key to survival and basic stability of enterprise in market conditions. If enterprise is financially stable, solvency, then it has many advantages over other enterprises with the same profile such as obtaining loans, attracting investments, in selecting suppliers and qualified staff. The higher stability of the enterprise, the higher level of independence from unexpected changes in market conditions, and so the lower risk of being on the brink of [2].

On a sustainable and stable operation of the company affect numerous factors. Formalization of their impact on the processes of result`s formation should be based on the classification of the various features of these factors. Traditionally classification system is divided into external and internal.

The internal factors include:

- selection of the composition and structure of products and services (what to produce, how to produce, that is on what technology and what model of organization and management will act). These responses affect on production costs.

- activity diversification. It allows you to: increase production, to better meet the demand, making the economy more efficient; increase productivity of the total labor force; improve manufacturing resource usage, increase the concentration of production; reduce the risks of highly specialized production and investment by multiplying their directions; improve the financial performance of work, prevent bankruptcy, increase enterprise profitability, stabilize the financial position of the subjects of the market due to the increase in sales volume, introduction of new products [2].

- management of current assets. Proper management of current assets is to keep the accounts of the enterprise only the minimum required amount of liquidity that is needed for current operations.

- composition and structure of financial resources, the correct choice of strategy and tactics of management. The larger the enterprise's own financial resources, especially income, the quieter it can feel.

- funds which additionally mobilized in loan market. The more cash the company can attract, the higher its financial capacity.

The external factors of financial insolvency are primarily economic (price increases, the overall decline in production, payments crisis and others), politic (political instability of society, inadequate legislation in the field of commercial law, including taxation, terms of export and import), as well as the level of development of science and technology (aging technology, lack of capital investment in high-tech manufacturing, conversion unsatisfactory progress).

Based on the foregoing, we can note that an important condition for the success of the enterprise is not only an analysis of financial stability, but also the ability to analyze the factors, that affect the financial stability of itself; have a flexible capital structure and be able to organize his movement, so as to ensure constant excess of income over expenditure, in order to maintain solvency and create conditions for normal functioning, as well as taking into account the phase of the economic cycle, in which the country's economy, the stage of the life cycle of the enterprise at the time of study.

Literature:

1. Berdin, I.E. Enterprise economy/I.E. Berdin,S.A. Pukinova,N.N. Savchenko, S.G. Phalko. – M.: Dropha, 2007. – 367p.

2. Bocharov, V.V.Financial analysis/V.V.Bocharov.–SPb.:PETER,2006.–218 p.