The paper address the methodological approaches to the corporate financial health assessment. The
research purpose was to systematize corresponding methods and tools in the context of investment
monitoring, with an emphasis on the level of financial development. The research methodology was based
on the assumption that there are three key theoretical foundations for corporate financial health
assessment: bankruptcy prediction, investment analysis and financial systems assessment. The main
prerequisite of the research is that the choice of methods and tools to the corporate financial health
assessment in emerging markets lies in the field of bankruptcy prediction models. Besides, it is advisable
to analyze the potential of structural models for bankruptcy prediction, the principles of which are most
closely related to investment analysis. Finally, the results of methodological approaches systematization
in the research field need to be adjusted to the instruments of financial systems assessment. The research
shows that the specifics of corporate financial health assessment in the emerging markets is associated
with its theoretical, methodological and informational support. The focus of relevant methods and tools
remains in the plane of bankruptcy prediction models. The models based on market indicators can be
applied to public companies, but their applicability should be tested taking into account information
limitations. Factors of corporate financial health, in turn, can be subdivided into market and specific
ones, being adjusted for the level of financial development