Analysis of Corporate Financial Statements as a Tool of Financial Management in Modern Conditions

The article deals with the author's approach to the analysis of corporate financial statements as a tool of financial management in modern conditions, which is based on the concept of compromise between risk and profitability, is characterized by universality and relative simplicity, involving the use of well-known financial ratios. It is shown that the analysis of corporate financial statements should include the calculation and analysis of financial ratios of risk and profitability according to its actual performance, evaluation of their relationship, adjusting the values of financial risk and profitability (if necessary), forecasting indicators of corporate financial statements, determining their absolute deviations from actual values and developing decisions on financial management of the enterprise based on these deviations. A special emphasis in the article is placed on the focus of the author's approach to the analysis of corporate financial statements as a tool of financial management to ensure an acceptable ratio of risk and profitability associated with the activities of the enterprise