Financial planning as a tool for strengthening the company's financial stability

2020

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DOI 10.31489/2020ec3/134-142
Data confidence 70 medium
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Abstract

Object: The analysis of financial position indicators and the selection of more optimal ones for effective management decision making is a significant task for the formation of a financial stability strategy influenced by financial planning indicators. This article sets the purpose of analyzing the impact of financial planning on financial stability on the example of oil and gas industry.Methods: We wrote this article using the following methods: economic and statistical, abstract and logical, monographic, economic comparison, methods of system analysis.Findings: Findings and conclusions given in the article can be used for the financial planning development and implementation. The analysis on XXX JSC material considering a logarithmic function has helped us to identify forecast for the development of financial planning and conditions of both internal and external environment. Also based on regression analysis we have given corresponding proposals and conclusions.Conclusions: Using statistical data based on XXX JSC’s financial indicators, we have analyzed the influence of some factors - such as the current liquidity ratio, income from sales of products and services—on the final profit by constructing a regression model.