Integrated approach to risk analysis in financial statements to ensure economic security of the enterprise

Abstract

In the current conditions of international turbulence, it remains particularly important to find new approaches to analysing risks for enterprises to ensure their quality future functioning. In this regard, the study aimed to propose one such approach, which would allow for assessment of the provision of economic security for companies. The study used a systematic approach and forecasting method to analyse financial statements, applying a process approach that includes evaluating the market position, external factors, and company reputation. This comprehensive assessment helped to identify risks and find mitigation methods. Financial risks identified in the company’s statements were categorised into market, credit, and liquidity risks. This approach was applied to Manas International Airport Joint-Stock Company from 2017 to 2023. The systematic approach assessed the company’s stable market position, positively impacting financial stability. Studying external factors, such as economic conditions and regulatory changes, helped evaluate potential risks. The forecasting method assessed financial indicators like profitability, sales, and assets, revealing positive trends: increased profitability, higher sales volumes and assets, and reduced debt load. These trends indicate financial stability and effective control of risks, even in crises. Liquidity analysis showed sufficient liquid assets to cover short-term obligations, emphasising financial stability. Thus, the company effectively manages financial risks. The results obtained in the framework of the study can be applied for further assessment of the economic well-being of enterprises in Kyrgyzstan, both by government representatives and independent representatives.