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The Mechanism of an Integration Solution in the Financial and Economic Activities of Construction Organizations

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Towards an Increased Security: Green Innovations, Intellectual Property Protection and Information Security (ISC 2021)

Abstract

This article discusses the mechanism for the integration of financial and economic activities of construction organizations. It is necessary to constantly improve its own efficiency; construction companies are required to increase the efficiency of construction by introducing the achievements of scientific and technological progress and effective forms of management of production and construction. The author carried out a theoretical substantiation of financial analysis in construction as a system of indicators and their assessment, which reflects the presence, structure and dynamics of all property (assets) of a construction company, financial stability, the level of liquidity and solvency, as well as other economic issues of interest to an economic entity allowing to increase production efficiency. The goals of the financial analysis of the construction organization have been determined. Management decisions, which indicate that financial analysis in market conditions of integration of activities is an element of management, are highlighted as a result of analytical procedures. Let’s consider the financial analysis of organizations as a mechanism of analytical procedures. The types of analysis of the financial condition of construction organizations as a whole were identified based on the results of the study of the mechanism of financial and economic activity. The main directions of the mechanism for analyzing the financial situation of a construction company have been determined. The conclusion that an excess of income indicators, a constant increase in cost over time will be considered a positive effect for construction organizations was made based on the results of the study.

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Correspondence to Natalia S. Andryashina .

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Andryashina, N.S., Smirnova, Z.V., Romanovskaya, E.V., Garina, E.P., Kuznetsova, S.N. (2022). The Mechanism of an Integration Solution in the Financial and Economic Activities of Construction Organizations. In: Popkova, E.G., Polukhin, A.A., Ragulina, J.V. (eds) Towards an Increased Security: Green Innovations, Intellectual Property Protection and Information Security. ISC 2021. Lecture Notes in Networks and Systems, vol 372. Springer, Cham. https://doi.org/10.1007/978-3-030-93155-1_55

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