Improvement of bankruptcy forecasting models of enterprises

DOI: 10.31673/2415-8089.2021.045560

Abstract

The essence of bankruptcy is determined. The foreign and domestic methods of analysis of the probability of bankruptcy of the enterprise are investigated, their advantages, drawbacks and possibility of application are determined. The article deals with the features of using bankruptcy assessment models with factors that can affect them and models of crisis situation assessment at the enterprise, practical implementation of these models at a particular enterprise. Ways to improve bankruptcy prediction models and their use in domestic practice are proposed.

Key words: bankruptcy, forecasting, financial condition of the enterprise, financial analysis, financial crisis, financial rehabilitation.

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