კონფერენცია

∘ Elguja Konjaria ∘
THE MAIN POINT OF BANKRUPTCY OF ENTERPRISE, FINANCIAL DIFFICULTIES AND ITS RESULTS

Summary

Under the conditions of market economies, for the proper functioning of an enterprise the special role plays handling agricultural resources and regulation of modern forms.

The importance of above mentioned is proved by the typical systemic crisis caused in transitional period.

This first of all is revealed in stagnation of production sphere and massive bankrupted of enterprise. Above mentioned problem can not be solved by the liquidation of enterprises having financial difficulties, those which were not able to adapt to new economic environment.

This can lead to destruction of economic potential and material precondition of future development. For this reason, the urgent problem for Georgian economy is to overcome crisis in enterprises having financial problems, that will be established according to market principles and function in a national economic system. therefore, handling and regulating agricultural processes with the help of modern methods, first of all, is directed to financial steadiness of enterprise and its improvement. This is the precondition how to avoid the bankruptcy of enterprises.

The problem of bankruptcy on any enterprise is connected simultaneously with two sciences jurisprudence and economy. bankruptcy is juridical fact. the enterprise can be recognized bankrupted only by court.

For making this decision it^,s important to analyze the financial results and financial condition of an enterprise, because to make a decision about bankruptcy is impossible only according to the act of bankruptcy points. Bankruptcy procedure is in contact with the creditors, owner of enterprise, personnel and state interest. The issue about complexity of bankruptcy needs conducting simultaneously work of highly-qualified lawyers and high class economists. For this, it is advisable to train accredited experts, that can learn the agricultural- financial business of enterprises facing bankruptcy danger.

The detailed study of agricultural- financial processes and detailed factors determining it is the important component of antirecessionary control system.

The strategy and tactics of enterprise development making corresponding management decision is the analysis of enterprise financial situation. Financial analyses means enterprise assets and sources of its financing, liquidity, solvency, business activities, diagnostics of bankruptcy, working out how to get better financial circumstances and discussion of other important issues.

Ivane Javakhishvili Tbilisi State University Paata Gugushvili Institute of Economics International Scientific C O N F E R E N C E S "ECONOMY – XXI CENTURY"

E ISSN 2587 - 4691	∘ Elguja Konjaria ∘ THE MAIN POINT OF BANKRUPTCY OF ENTERPRISE, FINANCIAL DIFFICULTIES AND ITS RESULTS Summary Under the conditions of market economies, for the proper functioning of an enterprise the special role plays handling agricultural resources and regulation of modern forms. The importance of above mentioned is proved by the typical systemic crisis caused in transitional period. This first of all is revealed in stagnation of production sphere and massive bankrupted of enterprise. Above mentioned problem can not be solved by the liquidation of enterprises having financial difficulties, those which were not able to adapt to new economic environment. This can lead to destruction of economic potential and material precondition of future development. For this reason, the urgent problem for Georgian economy is to overcome crisis in enterprises having financial problems, that will be established according to market principles and function in a national economic system. therefore, handling and regulating agricultural processes with the help of modern methods, first of all, is directed to financial steadiness of enterprise and its improvement. This is the precondition how to avoid the bankruptcy of enterprises. The problem of bankruptcy on any enterprise is connected simultaneously with two sciences jurisprudence and economy. bankruptcy is juridical fact. the enterprise can be recognized bankrupted only by court. For making this decision it^,s important to analyze the financial results and financial condition of an enterprise, because to make a decision about bankruptcy is impossible only according to the act of bankruptcy points. Bankruptcy procedure is in contact with the creditors, owner of enterprise, personnel and state interest. The issue about complexity of bankruptcy needs conducting simultaneously work of highly-qualified lawyers and high class economists. For this, it is advisable to train accredited experts, that can learn the agricultural- financial business of enterprises facing bankruptcy danger. The detailed study of agricultural- financial processes and detailed factors determining it is the important component of antirecessionary control system. The strategy and tactics of enterprise development making corresponding management decision is the analysis of enterprise financial situation. Financial analyses means enterprise assets and sources of its financing, liquidity, solvency, business activities, diagnostics of bankruptcy, working out how to get better financial circumstances and discussion of other important issues.