ANKRTIIZ FINANCIAL MANAGEMENT AS THE BASIS OF THE ACTIVITIES OF WATER SUPPLY AND WATER DISTRIBUTION ENTERPRISES IN CONDITIONS OF UNCERTAINTY

Abstract

The article is devoted to the study of topical issues of anti-crisis financial management in the financial management system of the enterprise. Anti-crisis financial management of the enterprise is closely related to financial crises, which are a type of crisis phenomena that can occur in the activity of any enterprise. It is they who cause the greatest losses of an economic nature and are even capable of provoking bankruptcy. It was noted that the timely diagnosis of the pre-crisis financial state of the business entity and the adoption of appropriate management decisions regarding the prevention and overcoming of a possible financial crisis is the main goal of the anti-crisis financial management of the enterprise. The reasons for the feasibility of implementing anti-crisis financial management at the enterprise are indicated. The purpose of the study is to generalize theoretical aspects of the implementation of anti-crisis financial management in the management system of water supply and drainage enterprises for the purpose of its sustainable development. The article analyzes the current state of water supply and drainage enterprises in Ukraine based on the information data of the State Statistics Service of Ukraine. To assess the anti-crisis financial management of water supply and drainage enterprises, a cluster analysis was conducted and groups of enterprises with the same level of anti-crisis financial management were identified. It is noted that the extreme stage of the development of the financial crisis at the enterprise is bankruptcy, which is based on insolvency, and the sign is insufficient assets to cover liabilities. The article defines the level of ability to fulfill the obligations of the enterprises of the industry based on the methodology of the Ministry of Finance of Ukraine - the multi-criteria model for identifying the financial crisis. The use of a process approach to the formation of an anti-crisis financial management system at the enterprise is proposed. The use of the proposed developments in the activities of water supply and drainage enterprises will improve the efficiency of their operation.