scholarly journals Ways to Improve the Methodology of Analysis of the Financial Condition of the Enterprise

2021 ◽  
pp. 100-105
Author(s):  
Alla Dmytrenko ◽  
Oksana Furmanchuk
Keyword(s):  
Financial Reporting ◽  
Critical Assessment ◽  
Stable Operation ◽  
Financial Indicators ◽  
Enterprise Development ◽  
Enterprise Information System ◽  
Enterprise Information ◽  
Financial Condition ◽  
Methodological Approaches ◽  
Optimal Set

The article summarizes the main methodological approaches to determining the financial condition of the enterprise, considers the stages of analysis of the financial condition of the enterprise. The main approaches to assessing the financial condition of the enterprise and the development of proposals to improve the methodology of analysis of the financial condition of the enterprise, the assessment of the financial condition of the enterprise to find reserves to increase profitability and strengthen commercial calculation as a basis for stable operation other institutions. A critical assessment of the concept of «financial condition» and its definition by various experts is analyzed. Based on the study of improving the methodology of analysis of the financial condition of the enterprise, it is determined that today the most necessary to improve the financial condition of the enterprise is to improve information and methodological support of the financial condition of the enterprise, development of methodological support for forecasting the financial condition of the enterprise. Content of work at each stage, improvement of forms of financial reporting, which will increase its analytical capabilities, development of methods of comprehensive scoring of the financial condition of the enterprise, which would analyze the state of the enterprise for the optimal set of financial indicators and ratios, improvement of theoretical principles of enterprise information system.

scholarly journals Methodological approaches to the analysis of an enterprise accounting balance

2019 ◽  
Vol 1 (II) ◽  
pp. 284-294
Author(s):  
Тетяна ПІХНЯК
Keyword(s):  
Financial Reporting ◽  
Balance Sheet ◽  
Financial Condition ◽  
Methods Of Analysis ◽  
Current Activity ◽  
Balance Analysis ◽  
Methodological Approaches ◽  
A Current

The article defines the role and place of a balance sheet as the most informative form of financial reporting. The main trends and methods of analysis for a real assessment of a financial condition of an enterprise are considered. Different lines and methods of balance analysis are investigated. The sequence (stages) of a balance sheet analysis carried out in the course of a current activity of an enterprise, is generalized.

Modern features and tools to analyze the insolvency (bankruptcy) of organizations

2020 ◽  
Vol 19 (12) ◽  
pp. 2301-2335
Author(s):  
I.V. Zenkina
Keyword(s):  
Financial Indicators ◽  
Internal Factors ◽  
Financial Condition ◽  
Modeling Systems ◽  
Depth Analysis ◽  
Analysis And Synthesis ◽  
Methodological Approaches ◽  
Financial Characteristics ◽  
Definition Of ◽  
Methodological Aspects

Subject. The article considers the definition of specific methodological aspects, systematization of methodological approaches and substantiation of tools for the analysis of insolvency (bankruptcy) of economic entities, which enable to timely diagnose negative changes in organization’s financial condition, take measures to prevent unfavorable developments in the situation, and optimize the management impact on business stability. Objectives. The purpose is to determine methodological tools relevant to the analysis and forecast of organization’s insolvency (bankruptcy) to ensure their high quality, clarification of financial and non-financial indicators for deeper analysis, and objective conclusions regarding the financial prospects. Methods. The paper employs analysis and synthesis, detailing and generalization, comparison, abstraction, analogy, economic and mathematical modeling, systems and strategic approaches. Results. The paper shows signs and types of bankruptcy of economic entities, systematizes external and internal factors of organizations’ bankruptcy, includes the results of statistical analysis of economic entities’ bankruptcy in the Russian Federation, defines the methodological features of the analysis of insolvent organizations and its information base, generalizes methodological approaches and tools for analyzing the insolvency (bankruptcy), offers and underpins financial and non-financial indicators that are valuable for using in the framework of in-depth analysis and assessment of the likelihood of insolvency (bankruptcy). Conclusions. The proposals aim at increasing the validity of the organization’s assessment in terms of its compliance with the going concern principle, ensuring the adequate economic, legal and financial characteristics of the business, and formulating objective conclusions on possible bankruptcy and risks for stakeholders.

scholarly journals The impact of the duty of disclosure of the business model on the company’s accounting system

2017 ◽  
Vol 44 (3) ◽  
pp. 93-100
Author(s):  
Jolanta Chluska
Keyword(s):  
Information System ◽  
Business Model ◽  
Financial Reporting ◽  
Accurate Information ◽  
Accounting System ◽  
Enterprise Information System ◽  
Enterprise Information ◽  
Management Objectives ◽  
External Stakeholders ◽  
The Impact

Operators carrying out its activities, take into account the vision of a business model in their strategy. The business model determines the creation of the enterprise information system for the achievement of management objectives, as well as for external stakeholders. Accounting provides essential, reliable, and accurate information as a subsystem of the enterprise information system. The purpose of this article is to identify areas of the accounting system that need to be adapted to the needs of business model disclosures in financial reporting. The subjects of research were selected companies obliged to disclose their business model. As a research tool, an analysis of subject literature, legal acts, and examples of business model disclosures were used.

Auditing, Attestation, and Financial Reporting for an Early American Charity

2017 ◽  
Vol 44 (2) ◽  
pp. 27-46
Author(s):  
Michael Braswell ◽  
Roger B. Daniels
Keyword(s):  
Financial Reporting ◽  
Agency Costs ◽  
Governance Structure ◽  
Social Costs ◽  
Limited Resources ◽  
Public And Private ◽  
Early American ◽  
Financial Condition ◽  
The City

ABSTRACT Our study examines assurance and attestation practices of the Charleston Orphan House from 1790 to 1825 and represents a response to Alchian and Demsetz's (1972) call for research into the nature of stewardship and agency costs among nonprofits by providing evidence of the largely unexplored early American practices (Moussalli 2008; Sargiacomo and Gomes 2011). We document the origins of the assurance and attestation techniques used to legitimize the Charleston Orphan House and to minimize the agency costs faced by its public and private funders. We find that assurance and attestation practices were reflected in the routine publication of the Committee on Accounts reports that served as vital elements of a governance structure that enabled the municipality and philanthropists to monitor the financial condition of the institution. These oversight efforts helped minimize agency costs that naturally arose between the Orphan House and resource providers, making it possible for the City of Charleston and private funders to efficiently allocate limited resources to mitigate social costs of managing the post-revolutionary orphan problem. Our findings provide new insights into early assurance and attestation practices and support Alchian and Demsetz's (1972) conjecture that nonprofits face similar economic motivations for utilizing financial reporting, auditing, and attestation as monitoring mechanisms as do their profit-seeking counterparts.

COMPARATIVE ANALYSIS OF INTERNATIONAL STANDARDS IN THE FIELD OF NON-FINANCIAL REPORTING AND THE PRACTICE OF THEIR APPLICATION

2021 ◽  
Vol 2 (4) ◽  
pp. 146-152
Author(s):  
E. V. ANDRIANOVA ◽  
◽  
P. S. SHCHERBACHENKO ◽  
Keyword(s):  
Financial Reporting ◽  
Financial Statements ◽  
Business Environment ◽  
International Standards ◽  
Positive Trend ◽  
Financial Indicators ◽  
Additional Tool ◽  
Foreign Companies ◽  
High Level ◽  
Source Of Information

This article discusses and analyzes the most popular standards of non-financial reporting, which has a significant impact on the transformation of the business environment. Already, domestic and foreign companies with a high level of responsibility are beginning to publish non-financial statements in addition to financial statements, which is an additional tool for communication with stakeholders and a new source of information about their activities. To date, reports of this type are clearly unregulated, there are no verification standards, however, there is already a positive trend and the active introduction of non-financial indicators in the regular reporting of companies.

Diffi cult Issues of Equity Accounting

Auditor ◽  
2021 ◽  
Vol 7 (1) ◽  
pp. 37-41
Author(s):  
N. Mislavskaya
Keyword(s):  
Financial Reporting ◽  
Reporting System ◽  
Professional Community ◽  
Financial Statements ◽  
Critical Assessment ◽  
Financial Reporting Standards ◽  
Theoretical Approaches ◽  
Diffi Cult ◽  
Fixed Assets ◽  
Mandatory Use

The article, based on a retrospective analysis of theoretical approaches to the concept of capital, examines the legality of its reflection in the accounting (financial) reporting system. The dilemma of an organization's choice of an accounting policy for the revaluation of fixed assets or the mandatory use of it, discussed today in the professional community, justifies the democratic approach used in international financial reporting standards in the author's reading. Critical assessment refers to the methodology for reflecting the revaluation results on accounting sets and in the forms of accounting (financial) statements.

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