This study explores at the financial analysis techniques used on insolvent businesses in different countries, using Russia as an example. It finds significant deficiencies in the current regulatory structure put in place by the government. Even though business bankruptcy is uncommon, the economic effects on different stakeholders make a thorough analytical approach to evaluating financial distress necessary. The study highlights the outdated nature of the current financial analysis rules and their inconsistency with modern financial reporting standards. In terms of insolvency, it examines the specifics of examining both accounting and tax reporting. In order to improve decision-making in bankruptcy procedures, the article promotes a more thorough methodology that incorporates dynamic analysis and predictive modeling by assessing coefficient analysis methodologies and the informational potential of tax reporting.

insolvency, financial statements, accounting, tax reporting, ratio analysis, coefficients, profitability, balance sheet, dynamic analysis, assets, investment, ledger.

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