The Financial Condition of South African Public Universities: A Framework for Nonprofit Financial Analysis in a Small-N Context

This article raises the problem of improving the analysis of the financial condition of an eco-nomic entity and its use in the compliance control system. The main tasks of using the analysis in the compliance control system in order to increase the efficiency of corporate management of the economic activity of an economic entity have been determined. It is emphasized that the analysis of the financial condition is one of the mandatory components of both internal control and compliance control, the differences in the use of the analysis results are analyzed. It is concluded that the role of financial analysis and its use in the compliance control system in order to improve the efficiency of corporate governance is constantly increasing in order to prevent compliance risks and regulatory risks due to external influence of supervisors.

The role and significance of diagnostics of the financial state of the enterprise in modern condition

Economics. Finances. Law ◽

10.37634/efp.2020.10(2).1 ◽

2020 ◽

pp. 5-8

Author(s):

Tetiana PIZNIAK ◽

Diana KHOMIAK

Keyword(s):

Financial Analysis ◽

Negative Impact ◽

Enterprise Management ◽

Analysis And Evaluation ◽

Financial Condition ◽

Financial Difficulties ◽

Rational Diagnosis ◽

Definition Of ◽

The Right ◽

Theoretical Foundations

Introduction. Achieving the key goals of the business object is possible through timely and rational diagnosis of the financial condition of the enterprise. To date, the company's management faces many questions to assess the financial condition. Therefore, the definition of the essence, the description of the factors of formation and the definition of ways to increase the financial result of the enterprise is one of the relevant areas of research. The purpose of the paper is to determine the theoretical foundations and practical approaches to the analysis and evaluation of the enterprise. Results. The mechanism of financial diagnostics of development and safe activity should be built in such a way that the negative impact of different types of destructive factors can be detected and quickly eliminated through regularity and verification. Assessment of a set of indicators makes it possible to identify factors that directly affect the financial condition of the enterprise and timely make the necessary management decisions to improve it. Diagnosing the financial condition and sustainability of the enterprise includes two main stages: rapid diagnosis and fundamental diagnosis. stages of the capital cycle, because financial difficulties can arise in any of them. Considering the system of factors influencing the financial condition of the enterprise, we can say that the greatest attention in the process of its management should be paid to the factors of internal influence, because these are the elements an entity can manage. Conclusion. To carry out successful activities in modern conditions of development, it is important to maintain an effective process of enterprise management, which consists in finding and making the most effective decisions and, accordingly, practical justification. Therefore, we can conclude that for a successful financial analysis of the enterprise, the right method and indicators must be chosen that can better describe the essence of the financial condition of the enterprise.

Finance and Financial analysis

10.12737/1242227 ◽

2021 ◽

Author(s):

Rossiyskoy Minobrnauki

Keyword(s):

Professional Education ◽

Financial Management ◽

Financial Analysis ◽

Point Of View ◽

Basic Knowledge ◽

Federal State ◽

Master's Students ◽

Financial Condition ◽

State Educational ◽

The Impact

The textbook systematizes basic knowledge in the field of finance, financial analysis and financial management, presented in their direct relationship and significance from the point of view of evaluation, diagnosis, forecasting and monitoring of the continuity of the organization's activities. It includes seven chapters grouped into three sections. The first section is devoted to the theoretical foundations of the organization's financial management, stakeholders and sources of the organization's activities. The second section discusses the basics of financial analysis, providing knowledge of the main directions, information base and methods of financial analysis, as well as allowing them to be applied reasonably, calculate and evaluate analytical indicators, determine the impact of globalization processes, various macro-and microfactors on the financial condition of the organization. The third section contains the basics of financial management, providing an understanding of the essence of the financial mechanism of the organization and algorithms for justifying decisions in the field of financial management. It complies with the federal state educational standards of higher education of the latest generation and provides the formation of basic competencies in the field of finance, financial management and financial analysis. For bachelor's, specialist's and master's students studying in the field of Economics, the system of additional professional education, training centers for advanced training of auditors and other financial market specialists, as well as for individual preparation of applicants for qualification certification and passing qualification exams.

Measuring the Financial Crisis in Local Governments through Data Mining

Advances in Data Mining and Database Management - Data Mining in Public and Private Sectors ◽

10.4018/978-1-60566-906-9.ch002 ◽

2010 ◽

pp. 21-46

Author(s):

José Luis Zafra-Gómez ◽

Antonio Manuel Cortés-Romero

Keyword(s):

Data Mining ◽

Local Governments ◽

Financial Analysis ◽

Capital Expenditure ◽

Data Mining Technique ◽

Predictive Capacity ◽

Financial Independence ◽

Four Dimensions ◽

Financial Condition ◽

Explanatory Factors

In local government, the financial analysis is focused on evaluating the financial condition of municipalities, and this is normally accomplished via an analytic process examining four dimensions: sustainability (or budgetary stability), solvency, flexibility and financial independence. Accordingly, the first goal the authors set out to achieve in this chapter is to determine the principal explanatory factors for each of the above dimensions. This is done by examining a wide range of ratios and indicators normally available in published public accounts, with the aim of extracting the most significant explanatory variables for sustainability, solvency, flexibility and financial independence. They use a rule induction algorithm called CHAID, which provides a highly efficient data mining technique for segmentation, or tree growing. The research sample includes 877 Spanish local authorities with a population of 1000 inhabitants or more. The developed model presents a high degree of explanatory and predictive capacity. For the levels of budgetary sustainability the most significant variables are those related to the current margin, together with the importance of capital expenditure in the budgetary structure. On the other hand, the short-term solvency depends on the liquid funds possessed by the entity. The flexibility, however, depends mainly on the financial load per inhabitant of the municipality, on the total sum of fixed charges. Finally, financial independence depends fundamentally on the transfers that the entity receives and on the fiscal pressure, among other elements.

Farming under environmental restrictions in the Beskyds and White Carpathians

Agricultural Economics (Zemědělská ekonomika) ◽

10.17221/2405-agricecon ◽

2009 ◽

Vol 55 (No. 9) ◽

pp. 459-466 ◽

Cited By ~ 4

Author(s):

J. Špička

Keyword(s):

Financial Analysis ◽

Sample Survey ◽

The Czech Republic ◽

Agricultural Enterprises ◽

Second Stage ◽

Financial Condition ◽

Mountain Grasslands ◽

Grazing Lands ◽

White Carpathians

The paper presents the results of research aimed at the analysis of the viability of agricultural enterprises which farm in less favoured areas and under the environmental restrictions pertaining to protected landscape areas. The target objects of the research were farmers taking care of mountain grasslands (meadows and grazing lands) in two protected landscape areas of the Czech Republic – the Beskyds and White Carpathians. The results are based on the sample survey carried out in 2006 and 2007. The first stage of the survey was devoted to the quality of life and business of farmers. The second stage of the survey concerned the financial condition of the farming businesses. Two statistical methods (analysis of variance, logistic regression) and the financial analysis method were used as analytic tools. The agricultural enterprises farming under environmental restrictions perceive their farming activities as a deal and mission. Farmers also accept restrictions while using the current subsidies. Compared to the farms outside the protected landscape areas, the farms in both protected land areas showed a higher profitability but a lower business activity. The analysis found out that the adverse age structure of farmers is a very important risk factor for rural development.