Method Development to Assess the Enterprise Financial Risks
Lyudmila Kirina1, Natalia Nazarova2, Oksana Takhumova3, Lilia Semenova4, Anastasiya Goryacheva5
1Lyudmila Kirina*, Department of Tax Policy and Customs Tariff Regulation, Financial University under the Government of the Russian Federation, Moscow, Russia.
2Natalia Nazarova, Department of Tax Policy and Customs Tariff Regulation, Financial University under the Government of the Russian Federation, Moscow, Russia.
3Oksana Takhumova, Department of Economic Analysis, Kuban State Agrarian University named after I.T. Trubilina, Krasnodar, Russia.
4Lilia Semenova, “Service” Department, Don State Technical University, Rostov-on-Don, Russia.
5Anastasiya Goryacheva, Economic Security, Accounting and Auditing Department, North Caucasus Federal University, Stavropol, Russia.
Manuscript received on November 16, 2019. | Revised Manuscript received on 24 November, 2019. | Manuscript published on December 10, 2019. | PP: 1540-1543 | Volume-9 Issue-2, December 2019. | Retrieval Number: B7238129219/2019©BEIESP | DOI: 10.35940/ijitee.B7238.129219
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© The Authors. Blue Eyes Intelligence Engineering and Sciences Publication (BEIESP). This is an open access article under the CC-BY-NC-ND license (http://creativecommons.org/licenses/by-nc-nd/4.0/)
Abstract: The activities of the enterprise are associated with financial risks, the management of which is considered mandatory to ensure sustainable and efficient functioning. Underestimation or reassessment of financial risks can lead to financial losses; therefore, the result of the organization’s risk management depends on the quality of the financial risk assessment. The article presents: the concept of “financial risk” formulated by the authors; classification of financial transactions by risk areas; the developed methodology for assessing financial risks is presented, consisting of two successive stages (calculating the amount of damage and calculating the probability of occurrence of financial risk after identifying a risk event; the developed methodology for monitoring financial risks and calculating the residual value of financial risk is presented; the developed methods for quantitative and qualitative assessment of financial risks are presented; a methodology for determining the development of scenario analysis of financial risk assessment is presented.
Keywords: Analysis, Stability, Risk, Assessment, Losses.
Scope of the Article: Recent Trends & Developments in Computer Networks