Indicative Systems for Assessing the Financial Security of Business Entities: Disadvantages and Development Prospects

The purpose of this article is to analyze the existing indicative systems used to assess financial security in order to identify their inherent shortcomings. To achieve this goal, an assessment of the financial security of two Russian companies was carried out using six systems of indicators developed by various Russian researchers. As a result of comparing the obtained estimates, it was concluded that such estimates are highly correlated due to the use by the authors of the considered approaches of standard financial analysis coefiiients. In conclusion, it was noted that the key drawback of most of the considered systems of financial security indicators is ignoring the industry specifics of the object of assessment.