The predicting financial results of small businesses using simulation software method
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Date
2023
Journal Title
Journal ISSN
Volume Title
Publisher
Ivane Javakhishvili Tbilisi State University Press
Abstract
In the article Mathematical methods, models and algorithms used in the evaluation of financial sustainability
of the enterprise, statistical methods known as ~scoring~, etc. are analyzed; With the simulator we developed
with FinSim (address: FinSim.tsu.ge) we have made it possible: - Modeling the financial sustainability assessment
of the enterprise with Altman, Springgate, Tafler models. The financial sustainability of the enterprise is
assessed by one and many (all included in the model) variables; FinSim examines the hypotheses on the structure
and content of the integrated indicator of the assessment of the financial condition of the enterprise, i.e. it
is substantiated in the selected economic indicator to be able to assess the financial condition of the enterprise
Loyalty; Actual financial data of 3 years of 6 real companies of the 4th category were taken for analysis: Nika 95
LLC, Sefo Ltd., Offices Ltd., Commerce, LLC Friendship, Pharmacon LLC. On the basis of modeling, the optimal
option for the development of the enterprise is selected and this option can be used to monitor the financial
sustainability of the enterprise; Based on the factual data of the analysis enterprises, their financial sustainability
was assessed; If the existing trends in enterprise development are maintained, a forecast will be made about
their expected future results.
Description
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Keywords
Citation
VIII International Scientific Conference: "Challenges of Globalization in Economics and Business", Proceedings , Tbilisi, 2023, pp. 271-279