Financial analysis and its role in performance evaluation a noncredit financial institution

The article discusses the issues of defining the purpose and essence of financial analysis of organizations and the use of its tools in relation to non-credit financial organizations (NFO). The authors have provided many interpretations of the definition of "financial analysis" by well-known Russian scientists. To substantiate the author's approach to using financial analysis tools in relation to evaluating the activities of NPOs, the following comparison criteria are proposed for use: analysis of forecasting results, analysis of financial stability and performance, availability of financial and non-financial reporting by the analyzed organization, accounting for aspects of financial activities, the role of senior management in making managerial decisions. The authors pay special attention to financial stability, the main characteristic of an organization's financial analysis. The process of financial analysis, taking into account the application of the author's approach, is structured in the form of five stages in order to further apply this technology to a comprehensive assessment of the NFO's activities, which involve many risks, among which the main ones are market, credit, operational and insurance. The article substantiates the need to include an assessment of these risks in the financial analysis toolkit of the NFO, which does not contradict the essential characteristics of stress testing and scenario analysis, which is conducted by NGOs in accordance with the requirements of the regulator.