Vol.10, No.4, November 2021.                                                                                                                                                                           ISSN: 2217-8309

                                                                                                                                                                                                                          eISSN: 2217-8333


TEM Journal



Association for Information Communication Technology Education and Science

Improvement of Controlling in the Financial Management of Enterprises


Nataliya Mazur, Larysa Khrystenko, Janka Pásztorová, Mykola Zos-Kior, Iryna Hnatenko, Polina Puzyrova, Viktoriia Rubezhanska


© 2021 Viktoriia Rubezhanska, published by UIKTEN. This work is licensed under the Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 License. (CC BY-NC-ND 4.0)


Citation Information: TEM Journal. Volume 10, Issue 4, Pages 1605-1609, ISSN 2217-8309, DOI: 10.18421/TEM104-15, November 2021.


Received: 31 May 2021.

Revised:  19 September 2021.
Accepted: 25 September 2021.
Published: 26 November2021.




One of the components of a highly effective management system is operational controlling at the enterprise. At the same time, the most important indicator characterising the efficiency of the functioning of the enterprise and, accordingly, subject to controlling is its solvency, which affects the level of competitiveness of the enterprise and the efficiency of its adaptation to the changing conditions of the market environment. In this regard, the purpose of the research is to modernize the procedure of financial controlling based on the development of an integral model for determining and analysing the transformational solvency index. The article forms a universal model of financial condition assessment, in which all threshold values of the coefficients, calculated according to existing methods of financial stability assessment, are reduced to one scale and the accumulated impact of indicator values for previous periods of economic activity is taken into account.On the basis of the correlation analysis, the nature and strength of the dependence of the transformational solvency index on the factors influencing its formation and causing tendentious trends in the dynamics of its change during a certain period are determined.


Keywords –financial management, solvency, controlling, financial resources, financial condition, assessment, integral model, correlation analysis.



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