SOME ISSUES OF FINANCIAL ANALYSIS FOR AN OBJECTIVE MANAGEMENT DECISIONS
Journal Title: Проблеми і перспективи розвитку підприємництва - Year 2015, Vol 1, Issue 2
Abstract
It is considered a set of issues use of financial analysis in complex financial reporting results using the forms on the basis of accounting. Purpose - to identify the major problems in the analysis of financial statements and ways to ensure the transparency of the entity's economic situation, both for the owner and for its partners by forming an objective summary information about the financial position and proper foundation for decision effective management decisions. Problems with the effectiveness of internal and external analysis of financial results based on methodological divide between the study findings effects of certain indicators, in particular at certain: sales and profitability factors asset turnover index in the rate of return on equity (ROE), which should take into account the specific formation of sales, depending on the industry characteristics and accounting policies. In-depth analysis of financial and economic activities should be based on the combined results of the annual reports, both financial and statistical. This should be taken into account integral annual return on equity and permanent (monthly) monitoring a limited number of indicators on the results of the current month (recurrent income and its structure, the level of costs and profitability, the value of working capital and cash flows of the assets. The results have methodological the basis for the formation efficiency of financial analysis in the field of auditing and accounting. The findings indicate the need for a comprehensive approach to the creation of an appropriate system of financial and economic information and on the basis of multi-depth consideration of the results of the rapid test, monitoring financial performance and results of the internal analysis of financial diagnostics the company that will enable make informed management decisions aimed at improving the efficiency of its operations.
Authors and Affiliations
Irina Golesko
Keywords
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