Monitoring segment in modeling the level of financial security of a modern entrepreneurial entity

¹ Kryvyi Rih Educational and Scientific Institute of the Donetsk Law Institute of the Ministry of Internal Affairs of Ukraine, Spivdruzhnosti st. 92A, 50000, Kryvyi Rih, Ukraine
² Kryvyi Rih Faculty of the National University ‘Odessa Law Academy’, Miru av. 22, 50001, Kryvyi Rih, Ukraine
³ National University of Economy and Trade named after M. Tugan-Baranovsky, Tramvayna st. 16, 50005, Kryvyi Rih, Ukraine

^* Corresponding author: Kotkovskyi@i.ua

Abstract

The article is devoted to the monitoring segment in modeling the level of financial security of a modern entrepreneurial entity, attention is drawn to the content of the problems that motivate change. The economic and mathematical model “Monitoring and correcting segment” with establishment of principles of its adaptation is offered in scientific development. The author’s vision of the stages of implementation of economic-mathematical models (EMM) with detailing the actions of performers is given. The components of the five-factor model of criteria for assessing the level of financial security of entrepreneurial entities are identified and the coefficient of the monitoring and correcting segment is proposed, which provides the formation of information flow for management decisions based on the updated database. To improve the quality of management decisions in the field of financial security, a scale for assessing the level of deviations according to the criterion of the monitoring and correcting segment has been developed for entrepreneurial entities. The expediency of introduction of the offered changes in system of an estimation of financial safety of entrepreneurial entities is proved, and the directions of the further researches are established.