Improvement of financial security technologies for entrepreneurial entities

Abstract

The article aims to improve financial security technologies for entrepreneurial entities. The analysis of approaches used in the theory and practice of entrepreneurial entities has shown that it is reasonable to form a comprehensive method of assessing the financial security, which includes the comparative, normative, balance and modeling methods. It has been established that the basis of formalizing the functional load of the financial security mechanism for entrepreneurial entities is axioms of generality, singularity and transparency, the essence of which is disclosed in this mechanism. The analysis of the system of relations among various hierarchic levels of the financial security mechanism for entrepreneurial entities has allowed the authors to determine their hierarchy. The authors have defined the interconnection between the financial security level of conditionally homogeneous groups of entrepreneurial entities and structural inconsistencies in their development. It has been established that specific features of the generation of gross domestic product and financial result from separate types of economic activities are primarily stipulated by violations in cyclicity parameters and high volatility of characteristics. The study of the methodological support for the assessment of the financial security level of entrepreneurial entities has revealed substantial content and technical drawbacks. The total of single indicators is subjective as it does not give any possibility to come to unambiguous qualitative conclusions about the financial security level.