Publication Details
Abstract
The evaluation of enterprises’ financial status is increasingly vital in a globalized and volatile economy, where risks such as inflation, supply chain disruptions, and market uncertainty challenge long-term stability. In Uzbekistan, the gradual alignment of National Standards of Financial Reporting (NSFR) with International Financial Reporting Standards (IFRS) adds importance to financial assessment, as transparency and comparability become prerequisites for attracting investment and strengthening governance. While traditional ratio-based analyses remain widely applied, they often neglect qualitative factors, dynamic trends, and sustainability measures, leaving a gap in holistic approaches that integrate contemporary tools and international standards. This study seeks to evaluate classical and modern methodologies for financial analysis, including ratio, dynamic, comparative, and cash-flow approaches, and to examine their effectiveness in Uzbekistan’s evolving reporting environment. Findings confirm that ratio analysis provides quick diagnostic insights but requires supplementation by dynamic trend analysis, benchmarking, and cash-flow evaluation to capture liquidity, solvency, and profitability comprehensively. Case illustrations show that integrated methods produce more reliable assessments, while comparisons of IFRS and NSFR highlight the advantages of global alignment in enhancing investor confidence. The research emphasizes the complementarity of traditional and modern techniques and introduces a framework that combines financial ratios with cash-flow and standards-based analysis, offering a multidimensional perspective suited to emerging economies. By adopting integrated methodologies and aligning with IFRS, enterprises can achieve more accurate evaluations, improve competitiveness, and contribute to macroeconomic resilience, while policymakers can support this transformation through institutional reforms and digital innovations.