METHODS FOR ASSESSING THE FINANCIAL CONDITION OF
COMPANIES IN THE SERVICE SECTOR

Iryna MUSTETSA

Chernivtsi Institute of Trade and Economics of SUTE, Chernivtsi

https://orcid.org/0000-0002-1033-2282

Volodymyr YEVDOSHCHAK

Chernivtsi Institute of Trade and Economics of SUTE, Chernivtsi

https://orcid.org/0000-0001-6547-8927

DOI: http://doi.org/10.34025/2310-8185-2025-3.99.09

Keywords: martial law, financial stability, assessment of financial condition.

Summary

In conditions of military conflict, the financial stability of enterprises and organizations is crucial for the survival and development of the state economy. War creates significant risks for economic activity, including disrupted logistics chains, increased costs, decreased revenues, and instability in the currency and credit markets. It is particularly important to assess the financial condition of enterprises in such circumstances because it enables the timely identification of financial risks and threats, the adoption of informed management decisions regarding cost and resource optimisation, the planning of strategic steps for business recovery and development, and the effective interaction with state and financial institutions.

Many scientists have focused on the methodology for assessing the financial condition of an enterprise, and this research topic received special attention during the period of martial law. This study aims to provide verified recommendations for improving the way the financial condition of service sector enterprises is assessed in wartime. The research focuses on the methods, tools and indicators used to assess the financial condition of enterprises during a military conflict. It also examines management decisions aimed at improving financial stability and the efficient use of resources.

In the course of the research, general scientific theoretical methods were used to ensure a comprehensive approach to assessing the financial condition of enterprises during the period of military conflict: System analysis – used to determine the main criteria for the research and establish interrelationships between the financial indicators of enterprises. Induction method – used at the stage of data collection, systematization, and processing to form generalized conclusions about the financial condition of enterprises. Deduction method – used to study the theoretical aspects of the problem and draw conclusions based on the general provisions of economic theory and financial management. Abstract-logical method – used to make theoretical generalizations and formulate conclusions regarding the problems of assessing the financial condition in wartime.

The article discusses various methods of assessing the financial condition of enterprises in the service sector. It identifies the advantages and disadvantages of their application, summarizes a comprehensive system for assessing financial condition, and defines general indicators for the integral method and the equilibrium methods.

In the post-war period, developing methods for assessing the financial condition of enterprises is crucial for ensuring their financial stability. Research prospects include: improving models for assessing and forecasting financial results; analyzing the effectiveness of state and financial support for business; introducing digital and analytical tools for financial monitoring.

Biographies of authors:

Iryna MUSTETSA,

Chernivtsi Institute of Trade and Economics of SUTEУ

Candidate of Economic Sciences, Associate Professor

Associate Professor Department of Finance, Accounting and Taxation

Volodymyr YEVDOSHCHAK,

Chernivtsi Institute of Trade and Economics of SUTE

Candidate of Economic Sciences, Associate Professor

Associate Professor Department of Finance, Accounting and Taxation

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