Methods of efficiency evaluation of the financial policy of aviation enterprises

The article investigates the scientific and methodological approach to substantiation of the system of indicators for evaluating the financial policy of aviation enterprises. A methodical approach to determining the effectiveness of financial policy at the level of the criterion of “sustainability” according to the hierarchical model of integrated indicator formation is proposed. It is determined that the evaluation of the financial policy of the enterprise should be carried out on such groups of indicators as: indicators of financial policy for inventory management, financial policy for cash and cash equivalents, financial policy for receivables management, financial policy for equity regulation, indicators of financial policy on regulation of invested capital, indicators of financial policy on regulation of attracted capital, indicators of financial policy on optimization of distribution of financial resources on fixed assets and indicators of financial policy on optimization of distribution of financial resources on intangible assets. The methods of evaluating the effectiveness of the financial policy of the aviation enterprise based on the application of the hierarchy of objects of analysis, certain criteria, and the corresponding integrated indicators, which are aimed at determining the deviation of the total efficiency of regulatory and optimizing financial instruments, which will determine the level of improvement. It is determined that the developed methodical approach to evaluating the effectiveness of evaluating the financial policy of aviation enterprises will determine its status and adjust further actions, modernizing the system-forming elements of managerial and economic influence on the financial processes of enterprise development. An element of scientific novelty of this article is the substantiation of methods for assessing the effectiveness of the enterprise’s financial policy based on the hierarchical application of objects of analysis, certain criteria, and their corresponding integrated indicators, which are aimed at determining the deviation of the total efficiency of regulatory and optimizing financial instruments. A promising area of further research is the development of a mechanism for implementing the financial policy of aviation enterprises, as well as the justification of measures to prevent and neutralize the impact of crises on the effectiveness of financial policy of the enterprise.