Standard dynamic financial analysis and control tools of an enterprise in the time of digital economy

Abstract

The paper provides for and tests the standard dynamic tools that can be used for more effective monitoring of the company management performance aimed at financial stability in the time of digital economy. This paper elaborates on the concept of diagnostics of structural dynamics of economic systems suggested by I.M. Syroezhin. In the study, a standard dynamic model has been developed for diagnostics and monitoring of the financial stability of an enterprise given the changes introduced on July 1, 2019 in accounting in the RF, and some tools have been suggested for estimating the integral indicator and factor analysis. The suggestions of the authors have been tested through comparison of traditional approaches and the presented tools for diagnosing the financial stability of an enterprise. The developed tools can be used for both external control over financial activities of an enterprise, and operative internal control and monitoring of the current trends in the change of the financial status. The suggested methods are aimed, primarily, at realizing the objectives of financial control ensuring the interests of the enterprise's owner. It is caused by the need to take managerial decisions quicker in the time of increasingly faster changes in the economic system. The suggested tools make it possible to realize more effective feedback between management actions and their outcomes at the level of the enterprise.