Evaluation and analysis of factors influencing the financial sustainability of engineering enterprises

The article is dedicated to the solution of the relevant issue, concerning management of enterprise`s financial sustainability. Financial sustainability assessment is one of the most important principles of enterprise`s activity, which provides information about financial capabilities of the company at the time of its evaluation and for the future. It is a requirement for the enterprise activity, which provides a high level of competitiveness, efficiency and intensity. Thus, the restoration and strengthening of financial sustainability is a priority task for the enterprise, a basic precondition for its effective functioning. The purpose of the research is to analyze financial sustainability and to improve the methods and approaches of its evaluation. The following methods were used in this research: financial and economic analysis, economic and mathematical modeling, analysis and synthesis, comparison. The main results of the study are following: the theoretical and essential characteristics of enterprise financial sustainability has been determined; the financial status of PJSC “Turboatom” has been analyzed; the taxonomic index of financial sustainability has been calculated and the forecast of its significance has been made, the approaches to increase enterprise financial sustainability have been proposed.

Public and private education can unlock different doors and help to flood the country with a rising power, sunlight and sustainable development. Hence, this paper argued that there is a need to sustain both public and private higher education. Financial difficulties restrict private higher education from balancing their budget and maintain a balance between a quality education and maximization of shareholders wealth. This paper outlines and analyzes a critical business model for higher education institutions, Dhofar University and Majan College, both of which are publicly traded in Muscat Securities Market. Both the educational institutions are critically examined from profitability, liquidity, long term solvency and asset management perspective using appropriate financial ratios. Five year forecasts of financial statements up to 2021 are estimated to evaluate the financial stability of the two educational institutions. The paper uses Monte Carlo simulation technique to examine the issue of financial sustainability. Overall the finding shows positive financial results for Majan College compared to Dhofar University. The key take away from the analysis is that educational institutions should be funded primarily by equity and not by debt to survive, sustain and provide high quality education.

The eradication of poverty is an important priority for the South African government. The Constitution makes provision for vulnerable households and, therefore, local government has to develop policies to address the needs of the poor. Municipalities developed and adopted Indigent Policies to ensure that the poor households have access to essential basic services. This led the researcher to investigate what challenges are related to the financial sustainability of the Indigent Policy in its implementation process at the City of Cape Town for the period from 2003 to 2016. This study followed a qualitative research approach. Data were collected by conducting in-depth interviews. The participants were selected, because they had access to the most recent information that relates to the Indigent Policy. The researcher respected the rights of participants by allowing them the freedom to withdraw at any stage of the research study, ensuring confidentiality, ensuring anonymity, ensuring fair treatment and protecting the participants from any harm and discomfort throughout the research study. The researcher is of the opinion that all of the respondents are confident that the Indigent Policy is sustainable. However, should it become too expensive for the City of Cape Town to maintain the Indigent Policy, it could result in the budget of some other services being reprioritized. It is recommended that the City of Cape Town develops a beneficiary system for qualified indigents to allow them to receive additional benefits from other City of Cape Town facilities such as libraries, swimming pools and the MyCiTi bus services.