Subject The research of legal and theoretical framework for financial activities identified shortcomings in the existing theoretical and methodological approaches to the concept and analysis of economic activities of businesses. The main shortcoming is the lack of single approach to the analysis of sustainable development of economic entities of different hierarchical levels. Objectives The purpose of the study is to develop a methodology to analyze economic activity, which enables to make a comparative analysis of economic entities of different hierarchical levels, i.e. meso-level (region) and micro-level (companies and organizations) using common evaluation criteria for sustainable development. Methods To conduct the study we used the system and integrated approaches and general scientific methods of observation, comparison, analysis, synthesis, analogy, statistical and mathematical data processing. Results For the purposes of goals and objectives of the study, which are conditioned by imperfect mechanism of meso-level subjects' analysis, we have developed an algorithm of complex analysis of financial and economic activities of meso-level businesses from a position of sustainable economic development. The implementation of the algorithm bases on the analysis technique of financial condition of enterprises and organizations. The obtained results of the analysis necessitate their generalization and a definition of qualitative characteristics of sustainable economic development. To assess the financial and economic activities of meso-level businesses we used the Harrington's desirability function. To provide a complete description of sustainable development of meso-level businesses we analyzed the efficiency of resource use. As a result of using the resource approach, we have demonstrated reserves, i.e. untapped opportunities to reduce the specific consumption of resources to ensure sustainable development. Conclusions and Relevance The analysis of financial and economic activities of a meso-level economic entity conducted based on the developed algorithm enables to obtain results confirmed by various methods. The application of the methodology, which is based on the calculation of indicators that are used to assess the sustainability of enterprises and organizations, enables to eliminate the shortcomings of the techniques applied to analyze the economic activity of meso-level entities, and to ensure consistency of the methodology of assessing sustainable development at different hierarchical levels.
Barngol'ts S.B. Ekonomicheskii analiz khozyaistvennoi deyatel'nosti na sovremennom etape razvitiya [Economic analysis of economic activity at the modern stage of development]. Moscow, Finansy i statistika Publ., 1984, 214 p.
Barngol'ts S.B., Mel'nik M.V. Metodologiya ekonomicheskogo analiza deyatel'nosti khozyaistvuyushchego sub"ekta [Methodology of economic analysis of a business entity]. Moscow, Finansy i statistika Publ., 2003, 240 p.
Babicheva N.E. Teoretiko-metodologicheskie osnovy ekonomicheskogo analiza razvitiya organizatsii na osnove resursnogo podkhoda: monografiya [Theoretical and methodological foundations of economic analysis of organizations’ development based on resource approach]. Moscow, FINANSY i KREDIT Publ., 2012, 256 p.
Bol'shoi ekonomicheskii slovar' [Large economic dictionary]. Moscow, INE Publ., 2002, 1280 p.
Gilyarovskaya L.T., Vekhoreva A.A. Analiz i otsenka finansovoi ustoichivosti kommercheskogo predpriyatiya [Analysis and assessment of financial sustainability of a commercial enterprise]. St. Petersburg, Piter Publ., 2003, 256 p.
Grachev N.N., Shevtsov M.A. Ponyatie sistemy i ee svoistva [The concept of a system and its properties]. Available at: Link. (In Russ.)
Endovitskii D.A., Babicheva N.E. Teoreticheskie osnovy ekonomicheskogo analiza razvitiya organizatsii [Theoretical foundations of economic analysis of organizations’ development]. Ekonomicheskii analiz: teoriya i praktika – Economic analysis: theory and practice, 2012, no. 13, pp. 2–7.
Endovitskii D.A., Lyubushin N.P., Babicheva N.E. Resursoorientirovannyi ekonomicheskii analiz: teoriya, metodologiya, praktika [Resource-oriented economic analysis: theory, methodology, practice]. Ekonomicheskii analiz: teoriya i praktika – Economic analysis: theory and practice, 2013, no. 38, pp. 2–8.
Karakoz I.I., Saborskii V.I. Teoriya ekonomicheskogo analiza [Theory of economic analysis]. Kiev, Vyshcha shkola Publ., 1989, 255 p.
Kozlova E.E., Cherkasova O.G., Ionova E.S., Tol'kova O.S. Analiz urovnya konkurentosposobnosti regiona [An analysis of competitiveness level of a region]. Ekonomicheskii analiz: teoriya i praktika – Economic analysis: theory and practice, 2012, no. 27, pp. 38–53.
Krainyuchenko I.V., Popov V.P. Opredelenie ponyatiya “sistema” [The definition of the "system" concept]. Available at: Link. (In Russ.)
Lyubushin N.P., Kozlova E.E. Uchetno-analiticheskoe obespechenie i otsenka nepreryvnosti deyatel'nosti organizatsii: otechestvennye i zarubezhnye podkhody [Accounting and analytical support and assessing the continuity of organization’s activities: domestic and foreign approaches]. Ekonomicheskii analiz: teoriya i praktika – Economic analysis: theory and practice, 2014, no. 19, pp. 2–11.
Lyubushin N.P., Cherkasova O.G. Integratsiya podkhodov k analizu ustoichivosti khozyaistvuyushchikh sub"ektov [Integrating approaches to the analysis of business entities’ sustainabiblity]. Ekonomicheskii analiz: teoriya i praktika – Economic analysis: theory and practice, 2013, no. 34, pp. 2–10.
Lyubushin N.P., Cherkasova O.G. Realizatsiya sistemnogo podkhoda v ekonomicheskom analize razvitiya regiona [Implementing a system approach to the economic analysis of development of a region]. Ekonomicheskii analiz: teoriya i praktika – Economic analysis: theory and practice, 2012, no. 30, pp. 2–8.
Lyubushin N.P., Cherkasova O.G. Sistemnyi podkhod k otsenke razvitiya khozyaistvuyushchikh sub"ektov [A system approach to assessing the development of businesses]. Upravlencheskii uchet – Management accounting, 2012, no. 7, pp. 42.
Manushin D.V. Osnovy studencheskikh nauchno-issledovatel'skikh rabot v oblasti ekonomiki [Basics of student research papers in the economic field]. Kazan', Poznanie Publ., 2012, 148 p.
Morozova T.N. Otsenka stabil'nosti sotsial'no-ekonomicheskogo razvitiya administrativno-territoial'nykh obrazovanii na osnove kombinatsii resursnogo i rezul'tativnogo podkhodov [Assessing stability of socioeconomic development of administrative and territorial entities based on a combination of the resource and result-oriented approaches]. Regional'naya ekonomika: teoriya i praktika – Regional economics: theory and practice, 2013, no. 17, pp. 49–59.
Petrenko S.A., Belyaev A.V. Upravlenie nepreryvnost'yu biznesa. Vash biznes budet prodolzhat'sya. Informatsionnye tekhnologii dlya inzhenerov [Business continuity management. Your business would continue. Information technology for engineers]. Moscow, DMK Press Publ., Kompaniya AiTi Publ., 2011, 400 p.
Puryaev A.S. Matematicheskii apparat kompromissnoi otsenki effektivnosti investitsionnykh proektov [Mathematical tools of compromise evaluation of investment efficiency of projects]. Available at: Link. (In Russ.)
Sheremet A.D., Starovoitova E.V. Bukhgalterskii uchet i analiz: uchebnik [Accounting and analysis: a manual]. Moscow, INFRA-M Publ., 2014, 426 p.
