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Economic Analysis: Theory and Practice
 

Developing the methods to assess a financial condition of State-financed and autonomous institutions considering the specifics of their financial operations

Vol. 15, Iss. 10, OCTOBER 2016

PDF  Article PDF Version

Received: 4 April 2016

Received in revised form: 6 July 2016

Accepted: 28 July 2016

Available online: 1 November 2016

Subject Heading: FINANCIAL STABILITY AND SOLVENCY

JEL Classification: M10, M11, M12

Pages: 106-118

Frolkin A.V. Plekhanov Russian University of Economics, Moscow, Russian Federation
antonvfrolkin@mail.ru

Subject Nowadays budgetary and autonomous institutions can generate income and use it by themselves. They are also required to increase the quality of their services and improve their social function. This necessitates the estimation of their financial performance. The article addresses methods of financial analysis of budgetary and autonomous institutions and tools to assess their financial operations.
Objectives The main goal of the research is to create a unique system of different ratios that can be used to analyze financial and business performance of budgetary and autonomous institutions.
Methods The study rests on methods of analysis and synthesis.
Results I created four blocks that can be used to comprehensively estimate budgetary and autonomous institutions' performance based on their financial statements and other available sources of information.
Conclusions and Relevance To enhance the efficiency of operations, budgetary and autonomous institutions need tools to analyze and evaluate their activities. The created system may be useful for internal and external monitoring, control and planning functions, ratings and forecasts creation, etc.

Keywords: budgetary institutions, autonomous institutions, financial and business performance, non-profit organizations, financial analysis

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