Contemporary Problems of Social Work Современные проблемы социальной работы academic journal

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VOLUME 2, No. 1, 2016
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REFERENCE TO ARTICLE
 
Bataev, V.V. & Pochinok, N.B. (2016) Some Issues of the Early Pension Insurance System 
Transformation,  Contemporary Problems of Social Work. Vol. 2. No. 1 (5). P. 19–27. DOI: 
10.17922/2412-5466-2016-2-1-19-27 (International bibliographic description).

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CONTEMPORARY PROBLEMS OF SOCIAL WORK
Bugreev D.O.,
postgraduate student, Russian State Social University, Moscow.
E-mail: [e-mail]
 UDC 
336.63
 DOI: 
10.17922/2412-5466-2016-2-1-28-35
Financial Analysis of Small Business Enterprises
Receiving date:
12.01.2016
Preprint date:
25.02.2016
Taking to print date:
28.03.2016
Annotation: this article explores the usefulness of the financial analysis for small businesses, the main 
stages of financial analysis, given their brief characteristics. The methodological basis of the study are 
the works of Russian scientists in the field. The necessity of financial analysis. Presents preconditions the 
implementation of financial management after the procedure of financial analysis. Showing background of 
the financial analysis for the diagnosis of bankruptcies of small enterprise.
Key words: small business enterprises, financial analysis, bankruptcy, management solution.
Stability of the financial situation is characterized by an increase in the volume of activities, 
as well as regular exercise of business transactions and the stability of the market situation.
The activities of small and large business organizations have significant differences. This 
is reflected in the company’s management structure. In large enterprises is very complex 
organization of the administrative apparatus. This allows you to organize the planning and 
economic department, which oversees the financial management of the company, within which 
financial analysis.
Carrying out procedures of financial analysis in small organizations is complicated due to 
incomplete financial statements. In addition, the majority of small businesses use the simplified 
taxation system, and, therefore, used a simplified version of [17] the accounting [11]. This 
fact seriously complicates the possibility of financial analysis for a full analysis of liquidity, 
solvency, financial stability and the probability of bankruptcy diagnostics company simplified 
accounting data is not enough.
Most small businesses before starting their activities do not have a clear financial 
management strategy, all decisions in the management of financial flows are taken promptly, 
i.e., not having a long-term plan for development of the organization. This situation is due to the 
low initial capital of the company. Investing small businesses get very rare. As a consequence, 
the management of such an organization focused on the advance settlement system between 
enterprises. Organization of the market cannot accurately determine in advance the size of 
their financial receipts from contractors and maintenance costs of their activities, therefore, 
it complicates the development of financial management strategies. In addition, the advance 
payment system is extremely unstable: there is a probability of absence of further orders that 
would lead to non-fulfillment of obligations under current liabilities.
One of the goals of any enterprise, including small, is the process of expanded reproduction. 
Accordingly, the design of the content is to ensure conditions for carrying out the process 
of individual reproduction. In market terms, the objective conditions of uncertainty (cost 
ratio change factors and results of production on the stage of the circuit of capital) should be 
considered a risk. In essence, the content of capital circulation process of production is the 

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