An analysis of the financial and economic condition of the organization

In the conditions of modern business, effective work of companies is impossible without analyzing their financial position. This approach helps to identify existing difficulties and develop management solutions to eliminate them; in turn, this guarantees the sustainability and development of the organization. In this article, the financial condition of the organization was analyzed, the object of which was the oil company JSC NK Tuymaada-Neft. Financial analysis is necessary in order for top management to be guided by current data on the state of the organization’s activities and competently manage the actions of specialized departments, as well as represent information openness for interested parties. Every potential entity willing to cooperate with the organization, including founders, suppliers, investors and creditors, will first request reliable and well-prepared information about the financial condition of the organization. Thus, a comprehensive financial analysis forms not only the internal information and administrative system of an organization for its effective functioning, but also affects the attitude towards the organization in the external environment, increasing its level of trust with other market players and allows determining its role in the market space. The article presents the main theoretical positions on aspects of the assessment of the financial condition of a large organization, based on the financial indicators of JSC NK Tuimaada-Neft, the results of a comprehensive financial analysis of its current condition are presented, the basic results of the company’s activities, which are reflected in the accounting statements of Tuimaada-Neft, served as initial data. The information was sampled from accounting documents compiled by the company to determine financial stability and solvency, including business activity as of January 1, 2024. The analysis process is accompanied by conclusions about the importance and significance of evaluation activities, which constantly require information to develop sustainable development strategies that affect the adoption of informed business decisions. Also, during the analysis, problems were identified that require a timely response from top management, which needs to take comprehensive and targeted measures to eliminate or mitigate the impact of these problems.

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