ANALYTICAL SUPPORT OF FINANCIAL ANALYSIS AT THE RAILWAY TRANSPORT

Abstract

Purpose. The work is dedicated to systematization of basic directions for financial analysis taking into account the specific features of railway industry. Methodology. In the course of the research there were used the methods of analysis and synthesis to study the content and basic provisions of scientific publications on the chosen topic. Findings. The railway industry has a specific system of financial relations. Knowing the objective development laws of the industry technological system, you can create an appropriate mechanism for managing it and its resources. The selection of the necessary method of analysis and system of indicators, which will provide a comprehensive study and representation of the enterprise activity, is fundamental for the adoption of management decisions. Financial analysis is an important element of analytical work for the needs of modern management. With the help of financial analysis it is possible to determine the place of the enterprise among other subjects of the industry; to assess the structure of capital and the dynamics of enterprise development. Consequently, the quality of the decisions taken completely depends on the analytical substantiation. Financial analysis is carried out according to certain groups of economic indicators, which give an overall assessment of the financial condition of the enterprise, the profitability of its activities and long-term solvency. The analysis of the financial and economic condition is an important part of effective management of the formation, placement and use of rail transport resources. The features of conducting and interpreting the analysis results of the financial condition at the structural units of PJSC «Ukrzaliznytsia» – regional branches, branch affiliates, production units (if they have a balance sheet), – are explained by the specifics of their economic activities. Originality. The obtained results allow us to consider financial reporting as an informational and analytical provision of financial analysis taking into account the specifics of the corporate railway industry relations. The method of financial analysis should be consistent with the strategic objectives of the business entity, which are determined by the system of strategic management and investment and financial planning of the railway industry. Practical value. The assessment of the financial condition of an enterprise can be objectively carried out using a system of indicators that take into account the technological specificity of the rail transport, comprehensively characterizing the results of its activities and reflect the competence of management through the quality of the decisions taken.