3.2 Prospects of development of anti-recessionary management at threat of bankruptcy

The choice of strategy of prevention of bankruptcy and efficiency of measures of the enterprises on introduction of market mechanisms depends on a control system of the finance at the enterprise.

It is in turn defined by the strategic purposes and tactical problems of activity of the enterprise. A basis of this system should be financial management and the financial analysis entering into it on which results the enterprise has an opportunity to do a regular estimation of the financial condition.

Mainstreams of this analysis are:

- An estimation of a condition of property of the enterprise and sources of its formation, and also parameters of structure of the capital;

- An estimation of a condition of turnaround means, definition of their sufficiency and type of a financial condition;

- Revealing tendencies turnover means the enterprise,

- Definition of a degree of liquidity and solvency of the enterprise;

- Revealing tendencies of profitability on the basis of system of parameters.

The main thing in strategy of prevention of bankruptcy the enterprise, the decision of problems of liquidity and solvency consists in professional management of turnaround means. On the one hand, it assumes optimization of sources turnaround means on the basis of the developed strategy, with another - accommodation of these means between material actives, and also in spheres of manufacture and the reference. A greater role thus correctly chosen credit policy using the credit as the financial lever, however at an existing discount rate plays it unreal.

Prospects give the further development toanti crisis management. Therefore it is possible to tell it of one basic items for prevention of bankruptcy in effect.

One of problems of financial management is prevention of threat of bankruptcy. Certain by the Civil Code of the Russian Federation independence of the enterprises and increasing in this connection, their responsibility before creditors, shareholders, bank, workers, causes to pay attention to questions of forecasting of possible bankruptcy of the enterprises.

Political and economic instability, regulated the financial mechanism and inflationary processes it is necessary to carry to the most significant factors worsening a crisis situation Russian state and the private enterprises. For an estimation of depth of crisis at the enterprise and development of concrete actions on restoration of solvency it is necessary to spend the analysis of a financial condition of firm which is the basic tool of the anti-recessionary manager.

The urgency and the practical importance of a theme of degree work of work is caused by a number of the reasons, namely, in conditions of mass insolvency special value is got with measures on prevention of crisis situations, and also restoration of solvency of the enterprise and stabilization of its financial condition. The given activity is united by concept anti-recessionary management and for today is rather actual and perspective.

The purpose of given theme of degree work consists in definition of possible ways of an output of the enterprise from crisis. For achievement of the chosen purpose the decision of following problems is provided: an estimation of current activity of the enterprise, the analysis financial - economic activities, development of actions on an output from crisis, studying of a direction of prevention of bankruptcy of the enterprise, studying of sanitations.

Set of factors are the reasons of bankruptcy. Factors can be divided on internal, taking place inside of the enterprise and connected with mistakes and omissions of a management and the personnel, and external, arising outside of the enterprise and its influences usually being outside of sphere. In classical market economy as foreign researchers mark, 1/3 faults for bankruptcy of the enterprise fall on external factors and 2/3 - on internal. Domestic researchers yet have not carried out similar research, however, in opinion of some experts, for modern Kazakhstan the return proportion of influence of these factors is characteristic, that is external factors prevail above internal. Political and economic instability, regulate the financial mechanism and inflationary processes it is necessary to carry to the most significant factors aggravating a crisis situation of the Russian enterprises.

As shows an expert, the reasons of debts often have objective character and not always arise on fault of the debtor (budgetary underfinancing, inconsistency of actions of the various ministries and the departments supervising object, off-schedule extreme expenses, etc.).

To the basic external factors concern: inflation (a significant and non-uniform rise in prices as on raw material, materials, fuel, the energy carriers completing products, transport and other services, and production and services of the enterprise), change of bank interest rates and conditions of crediting, tax rates and the customs duties, changes in attitudes of the property and rent, in the legislation on work and new the size of the minimal payment, etc. One of the specified factors can cause introduction sudden bankruptcy of the enterprise, others gradually amplify and collect, causing slow, difficultly surmountable movement of the enterprise to slump in production and bankruptcy.

Not less dangerously for activity of the enterprise negative influence of internal factors. So, many various failures of the enterprises are connected with inexperience of managers, incompetence of a management, its inability to be guided in changing market conditions, abusings service position, conservatism of thinking that conducts to a poor control the enterprise, and to acceptance of erroneous decisions, loss of positions in the market.

To the subjective reasons of bankruptcy concerning directly to managing, rank the following:

-inability further to compete to other enterprises

- low level of erudition of employees

- Inability of heads to provide bankruptcy and to avoid it in the future;

- Decrease in sales volumes because of bad studying demand, absence of a marketing network, advertising;

- Decrease in volumes of manufacture;

- Decrease in quality and the price of production;

- Unfairly high expenses;

- Low profitability of production;

- Too big cycle of manufacture;

- Greater debts, mutual non-payments;

- Weak adaptedness of managers-representatives of old school of management to rigid realities of formation of the market, their inability to show enterprise in adjustment of the output, using the raised demand to choose the effective financial, price and investment policy;

- disbalanced the economic mechanism of reproduction of the capital of the enterprise.

As the first signals of an approaching bankruptcy it is possible to consider delays with granting the financial reporting, testifying about work of financial services, and also sharp changes in structure of balance and the report on profits and losses.