Financial bankruptcy
The basic concept and terms in bankruptcy proceedings. Features of the application of the law on bankruptcy of Kazakhstan, аcceptance, deliberating and fraudulent. Organization of bankruptcy proceedings of insolvent enterprises. Financial planning-rescue.
| Рубрика | Экономика и экономическая теория |
| Вид | курсовая работа |
| Язык | английский |
| Дата добавления | 02.12.2014 |
| Размер файла | 57,5 K |
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guaranteed identity of balance sheet assets and liabilities.
The most risk-free way to replenish sources of formation of stocks should recognize the real equity due to the accumulation of retained earnings or by distributing the profits to funds accumulation under condition of the growth of these funds are not included in non-current assets. Decline in stocks is a result of planning and realization of unused inventory items. In-depth stock analysis serves as an integral part of internal financial analysis because it involves the use of inventory information, not contained in the accounting records and requiring a data analytical accounting.
To assess the solvency of enterprises use three relative indicator, distinct set of liquid assets as cover short-term obligations. /19/
Immediate solvency ratio characterizes the absolute liquidity, indicating which part of the organization can cover the short-term debt from existing cash and short-term financialinvestments, marketable ifnecessary. Current liabilities include short-term bank loans and other short-term borrowings, short-term accounts payable including arrears on dividends, reserves for future expenses and payments other current liabilities.
CONCLUSION
Inevitable in the conditions of formation of market economy reforms in enterprises involves the creation of a society of legislative prerequisites for the development of effective relationships between the enterprises-borrowers and creditors, debtors and creditors. One such factor is the presence of the bankruptcy legislation, the implementation of which should contribute to the prevention of cases of bankruptcy, the recovery of the entire system of financial relationships between entrepreneurs and, in the case of recognition of the debtor-bankrupt-the minimization of the negative effects of bankruptcy for both sides, the implementation of all necessary procedures in a civilized manner.
At the present time, the main piece of legislation governing bankruptcy procedure, is the law of the Republic of Kazakhstan from January 21, 1997 "on bankruptcy".
A sign of bankruptcy legal person according to law is the juridical person's inability to satisfy creditors ' claims on money obligations and (or) to fulfill the obligation to pay obligatory payments, if the relevant obligations or responsibilities are not fulfilled within three months from the date of their execution.
The law provides for a number of procedures to facilitate the rehabilitation of the debtor's solvency, namely pre-trial sanitization-granting the debtor a financial assistance sufficient to meet cash commitments and restore solvency; moratorium on satisfaction of creditors ' claims; the possibility of an amicable agreement at any stage of the process; other measures that could contribute to the achievement of the above objectives.
The bankruptcy process itself consists of a series of successive procedures: observation-bankruptcy procedures to be implemented since the adoption of the Declaration of acceptance by Arbitration Court of the debtor's bankruptcy to ensure the safety of property and an analysis of the financial status of the debtor; out of band management-bankruptcy, which the arbitral tribunal on the basis of a decision of the meeting of creditors in order to restore the solvency of the debtor with the delegation of authority to manage the debt or an external Manager; the bankruptcy proceedings and bankruptcy proceedings for proportional to its creditors, from funds received through the sale of the debtor's property in accordance with the established procedure.
The introduction of bankruptcy allows you to trim away a diseased segments of the economy. But most importantly, there is the possibility to organize legally and improvement of enterprises, which became colorings in the market, not by means of crisis management.
Certainly, it is necessary to take all measures to prevent a crisis. (C) to this end, it is necessary to conduct the analysis of a financial condition of the enterprise. If the company was in debt hole, it is necessary to take integrated efforts to restore its solvency. A specific list of activities will depend on the desirability and feasibility of the rehabilitation debtor, the scale of the crisis and the importance of the given enterprise.
Thus, bankruptcy is one of the legal mechanisms of the renewal and reform of our enterprises; This development through the effective mechanism of property redistribution. Bankruptcy does not necessarily mean liquidation of the enterprise.
Bankruptcy Institute serves to eliminate unprofitable entities from civil circulation, regardless of whether this state any profit, and restore the normal functioning of potentially profitable, even if it involves certain costs.
LIST OF SOURCES
1. The Constitution of the Republic of Kazakhstan from August 30, 1995 (as amended. from 7.10 1998)
2. The Civil Code of the Republic of Kazakhstan (General part)
3. The law of the Republic of Kazakhstan from January 21, 1997 "on bankruptcy"
4. The decision of the Department of State property management and assets of the Ministry of Finance of the Republic of Kazakhstan No. 225 of August 1, 1997 approving the regulations on the procedure for training, retraining and attestation of specialists in bankruptcy administrators, rehabilitation and insolvency administrators ".
5. Information letter Board on commercial cases of the Supreme Court of Republic of Kazakhstan "on the outcome of cases of bankruptcy courts of the Republic of Kazakhstan for the period January 1, 1997 to July 1, 1998 year and summarize judicial practices on the application of individual regulations on bankruptcy".
6. Position of the Government of the Republic of Kazakhstan dated December 22, 1997 yearN1816 "about the use of bankruptcy proceedings for agricultural organizations".
7. Resolution of the Government of the Republic of Kazakhstan from August 11, 1998 N 759"Rules of presales and sales property (assets) of liquidated organizations recognized by the bankrupt on the initiative of the State"
8. Bayramov m. Profit from bankruptcy. /Entrepreneur and law No. 8 April 2000.
9. Balken m. Problems of entrepreneurship. /Entrepreneur and law. # May 9, 2000
10. Legal basis of l. Barenboim bankruptcy. M. 1994.
11.http://www.bibliotekar.ru
12. http://bbest.ru
13. http://www.grandars.ru
14 http://sebweb.narod.ru
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