Monitoring of industrial enterprises’ performance in emerging economy: a case study

Abstract

Business monitoring and reporting issues receive close attention. Nationalization of indicators, creation of a statistical database, determination of data sources and methodology for their calculation are in the priority of state policy, especially in a crisis, when enterprises are required to improve production efficiency, competitiveness and effective forms of management in production management. An important role in the implementation of this task is assigned to monitoring the financial condition of enterprises, since it is one of the most effective methods for diagnosing the economic activity of enterprises. Analytical materials prepared during the monitoring process help to carry out a comprehensive analysis and forecast of the financial position of the enterprise and, thereby, to obtain a real assessment of the enterprise's capabilities. The article examines the current state of industry in Kazakhstan, analyzes the problems hindering its development, presents the author's vision of their solution. On the basis of modern scientific and applied literature, various approaches to the formation of the concepts of financial monitoring, methods of analyzing the financial condition of an organization are widely presented.