The role of analysis of the organization's financial position in financial management

Abstract

A thorough and well-executed analysis of an enterprise's financial condition provides managers with essential 
information, enabling them to make informed strategic decisions. These decisions pertain not only to the current 
financial stability of the organization but also to its long-term growth and development prospects. In this regard, 
financial analysis is important for the activities of the enterprise. And the methodology of its conduct should be known 
to the heads (managers) of enterprises. Therefore, the purpose of this article is to consider financial analysis, its 
methodology, functions and role in making managerial decisions.