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Financial Analytics: Science and Experience
 

Formation of information base of financial risk controlling in agricultural organizations using the model of integrated financial risk assessment

Vol. 15, Iss. 1, MARCH 2022

Received: 27 September 2021

Received in revised form: 12 October 2021

Accepted: 30 October 2021

Available online: 28 February 2022

Subject Heading: RISK, ANALYSIS AND EVALUATION

JEL Classification: G32

Pages: 4–22

https://doi.org/10.24891/fa.15.1.4

Aleksandra S. BOBYLEVA Ulyanovsk State University (USU), Ulyanovsk, Russian Federation
alexline@mail.ru

ORCID id: not available

Svetlana Yu. MAKSIMOVA Ulyanovsk State University (USU), Ulyanovsk, Russian Federation
msyu03@Gmail.com

ORCID id: not available

Subject. The article describes the development of algorithm for implementation of a model for integrated assessment of financial risk in agricultural organizations.
Objectives. We aim at defining the integrated index of financial risk assessment, based on indicators of financial risk controlling, as a system of monitoring the risk factors in the financial activities of the organization, to create the informational base of financial risk controlling.
Methods. The study rests on methods of statistical analysis, namely representative sampling and grouping.
Results. The paper defines the integrated indicator of financial risk assessment on the basis of indicators of financial risk controlling and its parameters, in particular, the multi-factor indicator that includes the product of unilaterally directed values of indicators of return on sales, the share of current assets in total assets, the ratio of other income and other expenses. We determine an algorithm for implementing a model of integrated assessment of financial risk and updating the financial risk controlling.
Conclusions. High risks, including seasonal risks, and revenues from government budgets, influence the financial result of agricultural organizations. Non-core income and expenses have a significant impact on the final result, which should also be taken into account, when assessing the financial risk. Our conclusions are underpinned and confirmed by calculations. They can be used in strategic planning for funding sources and areas of financial resource distribution to mitigate the overall financial risk.

Keywords: financial risk controlling, financial risk, solvency, financial risk controlling indicator

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