Improvement of Financial Security Technologies for Entrepreneurial Entities
Valentina Mikhailovna Repnikova1, Olga Nicolaevna Bykova2, Sergey Vladimirovich Shmanev3, Vagif Eldar Kerimov4, Veronika Olegovna Kozhina5

1Valentina Mikhailovna Repnikova, Plekhanov Russian University of Economics, Moscow, Russia.
2Olga Nicolaevna Bykova, Plekhanov Russian University of Economics, Moscow, Russia.
3Sergey Vladimirovich Shmanev, Financial University under the Government of the Russian Federation, Moscow, Russia.
4Vagif Eldar Kerimov, Russian State Agrarian University – Moscow Agricultural Academy named after K.A. Timiryazev (MTAA), Moscow, Russia.
5Veronika Olegovna Kozhina, Moscow International University, Moscow, Russia.

Manuscript received on 18 June 2019 | Revised Manuscript received on 25 June 2019 | Manuscript published on 30 June 2019 | PP: 2256-2260 | Volume-8 Issue-5, June 2019 | Retrieval Number: E7511068519/19©BEIESP
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Abstract: The article aims to improve financial security technologies for entrepreneurial entities. The analysis of approaches used in the theory and practice of entrepreneurial entities has shown that it is reasonable to form a comprehensive method of assessing the financial security, which includes the comparative, normative, balance and modeling methods. It has been established that the basis of formalizing the functional load of the financial security mechanism for entrepreneurial entities is axioms of generality, singularity and transparency, the essence of which is disclosed in this mechanism. The analysis of the system of relations among various hierarchic levels of the financial security mechanism for entrepreneurial entities has allowed the authors to determine their hierarchy. The authors have defined the interconnection between the financial security level of conditionally homogeneous groups of entrepreneurial entities and structural inconsistencies in their development. It has been established that specific features of the generation of gross domestic product and financial result from separate types of economic activities are primarily stipulated by violations in cyclicity parameters and high volatility of characteristics. The study of the methodological support for the assessment of the financial security level of entrepreneurial entities has revealed substantial content and technical drawbacks. The total of single indicators is subjective as it does not give any possibility to come to unambiguous qualitative conclusions about the financial security level.
Keywords: Technology, Financial Security, Indicator, Entrepreneurship, Mechanism, Economy, Cyclicity, Uncertainty

Scope of the Article: Industrial, Financial