Specific features of application of bankruptcy prediction models in modern conditions

Noeva E. E.

Ensuring the stable functioning of any organization involves diagnosing its financial condition and bankruptcy probability estimate. The results of diagnostics of financial indicators of a large regional airline, performed using various models, presented in this work, confirm that the existing methods do not provide forecasting reliability. The choice of a model that includes a particular set of factors for analysis can directly affect the result, and the data obtained can be interpreted in the interests of companies. Thus, it is necessary to develop an effective universal bankruptcy prediction model, adapted for Russian organizations and enterprises.

Keywords:financial condition diagnostics, bankruptcy prediction models, regional airline, factors, forecasting reliability.