PhD, доцент Mavlanov Normumin Normamatovich,
Tashkent institute of Finance, Tashkent, Uzbekistan
Email: [email protected]
https://orcid.org/:0000-0001-5117-4658
Abstract. In the article, the need to assess the continuity of business entities and its important aspects, as well as the methodology and model for assessing the continuity of business entities have been developed. It is shown that the model for assessing the continuity of business entities focuses on two important criteria, i.e. financial and non-financial indicators. In the assessment of continuity of activity, financial criteria are based on indicators such as turnover of funds, financial stability, operational efficiency, assessment of the probability of bankruptcy, the “Golden rule” of dependence, and non-financial criteria are based on indicators such as personnel movement, management and organization, the level of technology adoption, the level of competitiveness of goods, and the market conjuncture. Financial indicators assess the company’s financial aspects by analyzing them, while non-financial indicators allow studying aspects that cannot be determined by means of financial indicators, but are important in assessing the continuity of activity. The model for assessing the continuity of business entities’ activity was developed based on the regulatory documents in practice in our republic and research conducted by economists. This model can be used by business entities, commercial banks, leasing organizations and credit bureaus in the process of credit transactions. In this model, financial indicators evaluate the financial aspects of the future continuous operation of the business entity by analyzing its activities. Non-financial indicators focus on aspects that cannot be assessed through financial indicators.
Keywords: business continuity, continuity assessment, assets turnover, financial stability, efficiency, personnel turnover, management and organization, level of technology adoption, competitiveness of goods level.