In the current situation in the field of competition, globalization and integration of the world economy a modern organization must be highly competitive, financially stable, with high adaptation to changes in internal and external environment. Sharp fluctuations in external conditions, particularly complicating the process of management, may lead the company to bankruptcy. Bankruptcy can be related to numerous credit and financial relations, and is characterized by such a state of an organization in which it is impossible to pay obligations. In a situation where the cash amount of liabilities exceeds a certain limit, individuals and legal entities are declared insolvent, that is bankrupt. At the same time they cease all activities, including commercial one. Managers experiencing financial difficulties can protect theirr organization from closing via initiation of bankruptcy proceedings, searching for opportunities to restore its solvency. This article presents a systematic form data on the effect of fraud in bankruptcy to change the balance sheet items and income statement of the organization. The article indicates the important role of accounting (financial) statements, which allow to timely evaluate the property and financial position of the organization, to design a successful forecast of its operation. Authors present a list of suspicious transactions that have a negative impact on the financial and economic state of bankruptcy, which is based on analysis of existing experiences of diagnosis of fictitious and deliberate bankruptcy. The results can be used in the professional activity of managers and specialists, as well as a mechanism for improving diagnostic signs of fictitious and deliberate bankruptcies, in particular, for experts and arbitration managers.
bankruptcy, financial statements, misleading practices
1. Zharkovskaya, E.P., Brodskiy, B.E, Brodskiy, I.B. Antikrizisnoe upravlenie: uchebnik. - 5-e izd. - M.: Omega-L, 2008. - S. 22.
2. Il´in, K.V. Bankrotstvo i antikrizisnoe upravlenie kak instrumenty finansovogo ozdorovleniya ekonomicheskogo sektora Rossii. Vestnik REA im. G.V. Plekhanova. - 2009. - №3. - 54 s.
3. Maslova, I.A., Pchelenok, N.V. Metody diagnostiki veroyatnosti bankrotstva. Upravlencheskiy uchet. - 2006. - №2.
4. Novikova, N.V. Diagnostika veroyatnosti bankrotstva na osnove pokazateley provizornykh i direktivnykh balansov. Problemy i perspektivy ekonomiki i upravleniya: materialy mezhdunarodnoy nauch. konferentsii (g. Sankt-Peterburg, aprel´ 2012 g.). - SPb.: Renome, 2012. - S. 142-146.
5. Polisyuk, G.B., Chistopashina, S.S Zakonodatel´stvo o bankrotstve v vedushchikh ekonomicheski razvitykh stranakh. Dizayn i tekhnologii. 2013. - №34 (76). - C. 90-96.
6. Polisyuk, G.B., Chistopashina, S.S. Analiticheskie metody diagnostiki deyatel´nosti predpriyatiy. Pamyati V.A. Fukina posvyashchaetsya: sb. nauch. statey i vospominaniy. - Ch. 3. - M.: MGUDT, 2014. - S. 169-174.
7. Larionova, A.A., Zaytseva, N.A., Martynenko, I.N. Podkhody k povysheniyu kachestva debitorskoy zadolzhennosti. Nauchnoe obozrenie. - 2014. - № 11. - S. 245-250.
8. Chistopashina, S.S., Polisyuk, G.B. Analiz deyatel´nosti predpriyatiya v tselyakh vyyavleniya fiktivnogo i prednamerennogo bankrotstva: materialy III Mezhdunarodnoy nauchno-prakticheskoy konferentsii (g. Nizhnevartovsk, 30 aprelya 2013 g.). - Novosibirsk: OOO agentstvo «Sibprint», 2013. - C. 77-82.
9. Edward Altman Managing Credit Risk, 2nd Edition. - John Wiley and Sons, 2008.
10. Edward Altman Corporate Financial Distress and Bankruptcy, 3rd edition. - John Wiley and Sons, 2005.
11. William H. Beaver, Financial Ratios as Predictors of Failure, Empirical Research in Accounting Selected Studies, 1966, Supplement to Journal of Accounting Research, 4, pp. 71-111.
