ADAPTATION OF FOREIGN METHODS FOR DIAGNOSING THE PROBABILITY OF BANKRUPTCY: THE EXPERIENCE OF KAZAKHSTAN

The article emphasizes the need to adapt international methods for diagnosing the probability of bankruptcy, taking into account the specifics of the Kazakh economy. An important step in this direction was the introduction of the "Rules for calculating coefficients and determining the boundaries of financial stability classes" developed by the Ministry of Finance of the Republic of Kazakhstan. These rules play a key role in assessing the financial stability of debtors and minimizing risks for investors and creditors. However, an analysis of their structure and content showed that they do not fully correspond to the peculiarities of the Kazakh market and business environment, which requires improvement and adaptation. The implementation of such instruments can significantly increase the financial stability of organizations in Kazakhstan, but for this it is necessary to take into account the unique economic conditions and peculiarities of doing business in the country. Thus, the development of proprietary methodologies based on international standards is a strategically important step to improve financial stability.

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Publication Details

Journal
Statistika učet i audit
Published
2025-03-30
DOI
https://doi.org/10.51579/1563-2415.2025.-1.06
Primary Topic
Economic and Technological Developments in Russia
Type
article
Field-Weighted Citation Impact
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article

ADAPTATION OF FOREIGN METHODS FOR DIAGNOSING THE PROBABILITY OF BANKRUPTCY: THE EXPERIENCE OF KAZAKHSTAN

А. К. Байдаков, Olzhas Adilkhanov, Nurilya Kuchukova
Statistika učet i audit
Economic and Technological Developments in Russia
article

ADAPTATION OF FOREIGN METHODS FOR DIAGNOSING THE PROBABILITY OF BANKRUPTCY: THE EXPERIENCE OF KAZAKHSTAN

А. К. Байдаков, Olzhas Adilkhanov, Nurilya Kuchukova
article en

Abstract

The article emphasizes the need to adapt international methods for diagnosing the probability of bankruptcy, taking into account the specifics of the Kazakh economy. An important step in this direction was the introduction of the "Rules for calculating coefficients and determining the boundaries of financial stability classes" developed by the Ministry of Finance of the Republic of Kazakhstan. These rules play a key role in assessing the financial stability of debtors and minimizing risks for investors and creditors. However, an analysis of their structure and content showed that they do not fully correspond to the peculiarities of the Kazakh market and business environment, which requires improvement and adaptation. The implementation of such instruments can significantly increase the financial stability of organizations in Kazakhstan, but for this it is necessary to take into account the unique economic conditions and peculiarities of doing business in the country. Thus, the development of proprietary methodologies based on international standards is a strategically important step to improve financial stability.

Statistika učet i auditVol. 96(1)
Openalex Percentile: Top 84%
Economic and Technological Developments in Russia
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ADAPTATION OF FOREIGN METHODS FOR DIAGNOSING THE PROBABILITY OF BANKRUPTCY: THE EXPERIENCE OF KAZAKHSTAN — А. К. Байдаков, Olzhas Adilkhanov, et al. · Statistika učet i audit (2025) | TGRS Research Map | TGRS