scholarly journals A BLUEPRINT OF RATIO ANALYSIS AS INFORMATION BASIS OF CORPORATION FINANCIAL MANAGEMENT

2014 ◽  
Vol 9 (2) ◽  
pp. 117-123
Author(s):  
Maja Andrijasevic ◽  
Vesna Pasic
Keyword(s):  
Financial Management ◽  
Financial Analysis ◽  
Ratio Analysis ◽  
Financial Reports ◽  
Business Decisions ◽  
Financial Condition ◽  
Rough Approximation ◽  
Long Time ◽  
Management Ratio ◽  
A Company

Ratio analysis, due to its simplicity, has, for a long time, been one of the most frequently used methods of financial analysis. However, the question is how its results are a good basis for assessment of financial condition of a company by the external users of financial reports. If one takes into account numerous limitations, one can rather say that ratio analysis is a rough approximation of financial situation. What are the limitations, can they be overcome and in what way, can they, at least, be reduced, and to what extent the user has to take a reserved attitude when making business decisions on the basis of ratio analysis? The last but not the least, we should accept the fact that by insisting on financial analysis other aspects of the analyses are, in practice frequently marginalized, thus neglecting the fact that actually they themselves in the most direct manner point to the causes of potential disorders in business activities of a company. Key words: financial management, ratio analysis, reliability.

scholarly journals Analisis Tingkat Kebangkrutan Pada Perusahaan Asuransi Yang Terdaftar Di Bursa Efek Indonesia

2019 ◽  
Vol 9 (2) ◽  
pp. 28
Author(s):  
Mikha Novalina Sinaga ◽  
Frendy A. O. Pelleng ◽  
Joanne V. Mangindaan
Keyword(s):  
Financial Management ◽  
Research Study ◽  
Stock Exchange ◽  
Insurance Companies ◽  
Z Score ◽  
Prediction Analysis ◽  
Financial Condition ◽  
Management Problems ◽  
Score Method ◽  
A Company

The purpose of this research study is to determine the result of prediction analysis of potential bankruptcy on eleven insurance companies sector which has been listed in Indonesia Stock Exchange year 2015 to 2018. Bankruptcy is a condition when a company experiences insufficient funds to run its business. Bankruptcy is uncertainty about the ability of a company to continue its operations if the financial condition held has decreased. In fact, not all companies experience financial management problems that often lead to bankruptcy. Based on the result and conclusions of the analysis using Altman Z-Score method that: in 2015-2018 there were several companies that were safe, namely: PT. Bina Dana Arta Insurance Tbk, PT. Harta Aman Pratama Insurance Tbk, PT. Jasa Tania Insurance Tbk, PT Indonesian reinsurance airline Tbk, PT. Panin Insurance Tbk, PT. Panin Financial Tbk, PT Victoria Insurance Tbk. Then there are companies that in 2015- 2017 are healthy but in 2018 in prone conditions, namely: PT. Bintang Insurance Tbk,and PT. Multi Artha Guna Insurance Tbk, but different from PT. Mitra Maparya Insurance Tbk which in 2015 was in vulnerable condition but in 2016-2018 is safe. And PT. Ramayana from 2015-2018 is in vulnerable condition.

Finance and Financial analysis

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.

Basic Bookkeeping and Accounting for the Private Practitioner

2017 ◽  
pp. 180-188 ◽  
Author(s):  
Jeffrey Zimmerman ◽  
Diane V. Libby
Keyword(s):  
Managed Care ◽  
Financial Management ◽  
Management Practices ◽  
Private Practitioner ◽  
Math Skills ◽  
Loss Prevention ◽  
Financial Reports ◽  
Business Decisions ◽  
Accounting Systems ◽  
Accounting Terms

Running a practice with sound financial management practices is not as complex as many believe. The concepts require basic math skills and the establishment of an infrastructure that provides an awareness of what is happening financially in the business. Ways of approaching common business decisions about purchases, leases, managed care contracts, and accounts receivables are discussed. Basic bookkeeping and accounting systems are described. Common accounting terms and financial reports, such as profit and loss statements, are defined and described. Budgets, practice “dashboards” for consolidating practice data, and safeguards for loss prevention are described.

scholarly journals Income of the company and customer’s loyalty programs

2019 ◽  
Vol 81 (1) ◽  
pp. 345-350
Author(s):  
E. S. Krikun ◽  
N. S. Suvorov ◽  
E. V. Ageeva
Keyword(s):  
Policy Development ◽  
Information Disclosure ◽  
Loyalty Programs ◽  
Financial Reports ◽  
Business Decisions ◽  
Financial Condition ◽  
Wide Range ◽  
Customer's Loyalty ◽  
Business Competitiveness ◽  
Accounting Policy

The article is about company’s income shaping by applying customer’s loyalty programs. As it reveals by the practice, companies widely applying loyalty programs, as an institutional form of communication for wide range of market participants. Loyalty programs, as a rule, contains instruments for increasing sales and selling additional products and services for existing customers. Performance of the company depends on its ability to generate enough inflows to payback operating costs and calculating profit. Our analysis shows that customer’s loyalty issues studying, as a rule, in the way to improve business competitiveness. Additionally, there is a necessity to negotiate all and any business decisions and also necessity of estimation its impact on company’s financial condition. The same time there are informational needs in the external analytics to proceed financial condition estimation and its dynamic. In that case company faces with the lack of transparency and objectivity of the information provided by financial reports. Company’s income shaping is a multifactorial process. The key value for the company’s financial reports belongs to income’s size and its dynamic. Withal, the size and dynamic of company’s income depends on the accepted accounting policy. The article studying issues about Russian companies accounting policy features linked to company’s income shaping by applying customer’s loyalty programs and its accounting and disclosure in the financial reports. In the current article we also paid attention to issues linked to the inflows information disclosure under International financial reports standards (IFRS). Defined, that customer’s policy development should be comprehensive, namely directed and to generate enough inflows, and defining its impact on financial reports and liabilities structure.

scholarly journals Use of rating methodology for evaluation of the financial condition of the enterprise

2020 ◽  
pp. 13-16
Author(s):  
Anna CHERNIAIEVA ◽  
Anastasiia KONDRATENKO
Keyword(s):  
Financial Management ◽  
Financial Stability ◽  
Financial Analysis ◽  
Comprehensive Evaluation ◽  
Balance Sheet ◽  
Integrated Approach ◽  
Assessment Method ◽  
Necessary Condition ◽  
Economic Activities ◽  
Financial Condition

Introduction. A necessary condition for effective corporate finance management, rational use of enterprise resources is a reliable and comprehensive evaluation of the financial condition of the enterprise. In the modern practice of financial management, the problem of qualitative and quantitative justification of management financial decisions is solved through the widespread use of information about the financial condition of enterprises, which are the main subjects of economic relations. The purpose of the paper is to research of essence and features of use of a rating evaluation of a financial condition of the Ukrainian enterprises in modern economic conditions Results. There are many methods for evaluation the financial condition of an enterprise: balance methods, express analysis, efficiency analysis, bankruptcy evaluation, rating evaluation, integrated evaluation. The choice of method of conducting a comprehensive evaluation of the financial condition of the enterprise depends on a number of factors: type of economic system, the degree of development of market relations, the peculiarities of the balance sheet and other forms of reporting, industry characteristics, type of activity, form of ownership of the enterprise, etc. We recommend the rating evaluation of the financial condition of the enterprise. The methodology of rating evaluation of the financial condition of the enterprise is based on an integrated approach; indicators of profitability, liquidity, financial independence and financial stability of the enterprise, and also data on efficiency of use of financial resources and production potential of the enterprise are used at its construction. Calculations of indicators of the financial condition of the enterprise according to the rating assessment method were carried out on the basis of the data of the company's public financial statements for the period 2017–2019. According to the results of calculations, the enterprise received a score of 0.615 points, which corresponds to the AA rating. Conclusion. The use of rating assessment of the financial condition of the enterprise is an effective tool of financial analysis, which allows to obtain a final evaluation of the financial and economic activities of the investigated enterprise.

scholarly journals ANALISIS KINERJA KEUANGAN PADA PT BAYAN RESOURCE Tbk Per 2015-2017

2018 ◽  
Vol 2 (2) ◽  
pp. 146
Author(s):  
Muhammad Maulana
Keyword(s):  
Financial Performance ◽  
Work Performance ◽  
Financial Analysis ◽  
Company Performance ◽  
Coal Price ◽  
Financial Condition ◽  
Price Increases ◽  
And Performance ◽  
Profitability Ratios ◽  
A Company

 Company performance is an illustration of the financial condition of a company by conducting a financial analysis, so that it can be known about the good and bad financial condition of a company that reflects work performance in a certain period. To find out how good a company's financial performance is, it is necessary to conduct an assessment and performance measurement. One assessment and measurement of performance can be reflected through an analysis of financial ratios.This research was conducted to find out how well the financial performance performed by PT Bayan resources a coal mining company in the 2015-2017 period by analyzing the ratio of: (1) profitability ratios (2) solvency ratios, (3) liquidity ratios , (4) activity ratio. The hypothesis of this research is based on the phenomenon, which is based on the market value of coal which has decreased over the period of 2015-2017.Based on the results of the study, the hypothesis for calculating profitability ratios, activity ratios and solvency ratios is proven to be acceptable, while the hypothesis for liquidity ratios is not proven, namely rejected, meaning that fluctuations in coal price increases can result in the use of corporate liquidity to pay company bills so that the level of liquidity of the company can be reduced

scholarly journals Dampak Faktor-faktor Kinerja (Leverage, Pertumbuhan, Pajak, Aset Berwujud) terhadap Kinerja Keuangan pada CV. Tumarima Indonesia Tahun 2018

2021 ◽  
Vol 2 (1) ◽  
pp. 58-80
Author(s):  
Endang Naryono
Keyword(s):  
Financial Performance ◽  
Work Performance ◽  
Financial Analysis ◽  
Primary Data ◽  
Company Performance ◽  
Simultaneous Effect ◽  
Performance Factors ◽  
Financial Condition ◽  
Tangible Assets ◽  
A Company

Company performance is a description of the financial condition of a company which is analyzed by means of financial analysis, so that it can be seen about the good and bad financial condition of a company that reflects the work performance in a certain period. This study aims to analyze the effect of performance factors (leverage, growth, taxes, tangible assets) simultaneously and partially on financial performance at CV. Tumarima Indonesia in 2018. This type of research is an associative descriptive study with primary and secondary supporting data with a quantitative approach. Researchers use this design to analyze performance factors (leverage, growth, taxes, tangible assets) on financial performance at CV. Tumarima Indonesia. Sources of data are taken from respondents and from company documentation. The types of data in this study are primary and secondary, primary data is taken by questionnaire while secondary is taken from documentation. The variables studied were Leverage (X1), Growth (X2), Tax (X3), Tangible Assets (X4) and the dependent variable (Y), namely financial performance. To determine the simultaneous effect using the F test, to determine the partial effect using the t test and to determine the dominant effect using the beta coefficient. The results showed that there was a simultaneous effect of independent variables on the dependent variable. There is a partially significant influence variable Leverage (X1), Growth (X2), Tangible Assets (X4) on financial performance at CV. Tumarima Indonesia in 2018 while the Tax variable (X3) has no effect. Leverage variable is the independent variable which dominantly affects the dependent variable, namely financial performance at CV. Tumarima Indonesia in 2018.

scholarly journals Overcoming ambiguity in assessing the financial sustainability of Crimean hospitality companies for anti-crisis management

2021 ◽  
Vol 11 (2) ◽  
pp. 36-56
Author(s):  
V. A. Malyshenko ◽  
K. A. Malyshenko
Keyword(s):  
Crisis Management ◽  
Financial Management ◽  
Financial Stability ◽  
System Analysis ◽  
Financial Analysis ◽  
System Development ◽  
Unstable System ◽  
Financial Condition ◽  
Macroeconomic Indicators ◽  
Strategic Program

The subject of the research is the system of methods of financial management of a company, in which a contradictory situation of conflict of goals of its development has developed, with the obligatory occurrence of systemic crises on the one hand, and the rule of constant preservation of a low risk of financial destabilization, on the other. The relevance of the study is due to the significant distance of system analysis in its categories from strategic financial analysis. Systemic destabilization of active investment outwardly looks the same as the end-of-life bankruptcy crisis, which significantly distorts the perception of potential investors in the industry in general. The scientific novelty lies in the substantiation of a method that makes it moving from a simple identification of the transitional (crisis) development stages of an unstable system (company) to the substantiation of the parameters of a strategic program, including within the framework of anti-crisis management. The aim of the research is to adapt analysis methods of the system’s crisis states to the provisions of the most system-oriented financial analysis techniques have being applied to disclose the unstable states of the “system-enterprise”. The system analysis has been chosen as the research method in various areas of its manifestation: from a general philosophical description of unstable system with characteristics of a company’s life cycle to a model for assessing the company’s financial stability for strategic purposes. The result of modeling the financial condition of such unstable companies taking into account provisions of the system analysis, was the formulation of a new category of strategic financial management — the Strategic zone for the financial stability transformation, which serves as the basis for a long-term program for the transformation of the financial condition. As a conclusion, it can be noted that applying of the financial analysis method for strategic purposes (“Fregat” model) in a single connection with the system analysis provides the possibility to identify the most dangerous crises from the standpoint of the identification complexity and consequences of the cochirid stage crises of the system development. Also, this allows to separate the investment (justified) destabilization from instability which could be the cause of wrong actions of the company’s management. All this makes it possible to objectively assess the macroeconomic indicators of the hospitality industry in general.

scholarly journals Sainsbury’s vs. Morrisons - An Investment Decision Based on Financial Analysis

2012 ◽  
Vol 3 (3) ◽  
pp. 17-28
Author(s):  
Zuzana Kalmárová
Keyword(s):  
Performance Indicators ◽  
High Probability ◽  
Financial Analysis ◽  
Investment Decision ◽  
Market Price ◽  
Share Price ◽  
Financial Reports ◽  
The United Kingdom ◽  
Food Retailers ◽  
A Company

This paper deals with financial analysis of two large supermarket chains in the United Kingdom, namely Sainsbury’s benchmarked against Morrisons. The purpose is to evaluate whether Sainsbury’s is worth investing in at the market price. To measure the performance of the food retailers mainly Annual Financial Reports and key performance indicators will be used as a tool. Given the financial data, findings show that Sainsbury’s is a company worth investing in at the current share price for both conservative investors and those looking for growth industries. There is a high probability that Sainsbury’s will grow in the future.

Financial Management for the Successful Company Value

2021 ◽  
pp. 126-152
Author(s):  
Jakub Horak ◽  
Veronika Machova ◽  
Jaromir Vrbka
Keyword(s):  
Financial Crisis ◽  
Rural Areas ◽  
Financial Management ◽  
Financial Analysis ◽  
Literary Research ◽  
Company Value ◽  
Business Entities ◽  
Valuation Tools ◽  
The Relationship ◽  
A Company

This chapter deals with the issue of valuation of business entities. Based on literary research, which forms the basis of the chapter, two practical examples are given. The aim of the first example is to evaluate the financial situation of the concrete company for the period of 2007-2019 using valuation tools (financial analysis, creditworthiness and bankruptcy models, EVA). The purpose is to capture the course of an expansion disrupted by the great financial crisis that erupted in 2008 and to monitor the gradual return of corporate activities. The results of the analysis show that the financial crisis initially had a significant impact on the company but was nevertheless averted. The aim of the second example is, with the help of neural networks, to determine the relationship between the value generators of a company and EVA equity of small and medium-sized enterprises operating in rural areas of the Czech Republic in the period of 2013-2017. It is found that successful companies are distinguished from unsuccessful ones by the degree of human capital involvement.

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