CONTENT

INTRODUCTION 5

1 Formation Of Financial Stabilization mechanism under the threat of bankruptcy 7

1.1 Concepts and kinds of bankruptcy 7

1.2 Essence, principles of anti-crisis management 24

1.3 Methodology of forecasting of probability bankruptcy of the enterprise 27

2 THE ANALYSIS OF ENTERPRISE FINANCIAL CONDITION AND PROGNOSIS OF THE PROBABILITY OF ITS BANKRUPTCY AS AN EXAMPLE OF JSC "HALYK BANK OF REPUBLIC OF KAZAKHSTAN" 32

2.1 The economic characteristic of JSС “Halyk Bank Republic of Kazakhstan” 32

2.2 The analysis of financial stability, liquidity and solvency of JSС “Halyk Bank Republic of Kazakhstan” 36

3 THE DIRECTION OF DEVELOPMENT OF THE BANKRUPTCY DIAGNOSTIC SYSTEM 50

3.1 Perfection of diagnostics system of the enterprise bankruptcy 50

3.2 Prospects of development of anti-crisis management at threat of bankruptcy 53

THE CONCLUSION 57

THE LIST OF THE REFERENCES 63

APPENDICES 65

Introduction

Topicality of the theme. Bankruptcy is one of the important economic problems for any country. But its presence forces the enterprises to develop more intensively and excludes noncompetitive companies. As bankruptcy is the last step at liquidation of the enterprise, the special attention is given forecasting and definition of strategy of its prevention.

As the world practice, phenomenon of bankruptcy inherent in any modern market testifies. Bankruptcy is predetermined by the essence of business which is always interfaced to uncertainty of achievement of its end results and with risk of losses. Sources of this uncertainty are all stages of reproduction - from purchase and delivery of raw material, materials and accessories before manufacture and sale of finished articles.

In the Message of the President of Republic Kazakhstan N.A. Nazarbayev to people of the country "New Kazakhstan in the New world” is emphasized that the purpose of development of our country is management of growth of economy of Kazakhstan. Achievement of this purpose directly depends on a level of a management, from objectivity, concreteness, efficiency and scientific validity of accepted decisions. The theory and practice show, that success in the market to achieve it is impossible without effective and purposeful management of all processes connected with functioning of the organization in market conditions.

Procedure of bankruptcy, the term " an inconsistency of the enterprise " in perception of the majority of people associate with destruction. The announcement of the enterprise insolvent means a recognition its bankrupt as the come to pass fact and excludes any other way, except for liquidation.

However these picture - already almost the ending of process of an inconsistency which by this moment of time some months quite often last. However such ending can be avoided. During all period of time when in arbitration court business about bankruptcy obeys, the legislation enables the enterprise to stop this process and to apply necessary measures on correction of a situation.

There is a set of reorganization the procedures applied at an inconsistency. Reorganized procedures are a struggle for preservation of activity of the enterprise which is being on the verge of bankruptcy. Unfortunately, it is necessary to recognize, that the huge potential incorporated in reorganized procedures, till now it is not used by practice to the full, that defines a urgency and the importance of a theme of the present work - forecasting bankruptcy of the enterprise and restoration of its solvency.

Principles of bankruptcy practically are not developed in an economic science of the CIS countries. At the same time, in the foreign science which has developed rich practical experience in the field of bankruptcy was elaborated certain rules-approaches which can represent itself as basic. Below there is a speech about the rules offered by Item of Agetion, and O.Hart and J.More.

The aim of the degree work is studying methods of forecasting of probability of approach of the enterprise and definition of strategy of its prevention.

The tasks of the diploma work are following:

- Revealing essence of economic characteristics for the enterprises and the factors that influence to its changes;

- Allocation of the factors influencing to financial liquidity, solvency and forecasting of effectiveness;

- Application of foreign experience for bankruptcy forecasting of the enterprises;

- Definition of economic characteristic of JCS "Halyk Bank of Kazakhstan ";

- To lead the analysis of financial condition of JCS "Halyk Bank of Kazakhstan ";

- Development of recommendations for a choice of a technique analysis that shows a financial condition of the enterprise.

Object of the degree work is JCS “Halyk Bank of Kazakhstan”.

The subject of research: theoretical, methodological and practical questions on forecasting, the analysis of a financial condition and strategy the enterprise. (bankruptcy)

Methods of research: complex method including forecasting of bankruptcy, financial management and using of the Altman’s Z-model

Scientific novelty of degree work consists in defining reasons of bankruptcy the enterprise and the company by the analysis of the accounting report and the offer of the further decision which will help to prevent liquidation with small losses.

The structure of degree work consists of the introduction, three chapters, the conclusion, the list of the references and appendices. There are 10 tables and 4 figures in work.

The volume of the diploma work is 68 pages.

CHAPTER 1 Formation Of Financial Stabilization mechanism under the threat of bankruptcy