scholarly journals Sources of information for financial analysis

2021 ◽  
pp. 17-22
Author(s):  
Antoni Alfonz Denes
Keyword(s):  
European Union ◽  
Financial Analysis ◽  
Balance Sheet ◽  
Financial Statements ◽  
International Standards ◽  
Stable Operation ◽  
The European Union ◽  
Sources Of Information ◽  
Additional Information ◽  
The Future

The article is devoted to financial analysis as a tool for business development and forecasting the future plan for its stable operation. The types of financial analysis, users, groups of financial statements by type of information are also considered, the structure of the balance sheet is considered. The article is based on the materials of international standards used in the countries of the European Union. The article is intended to be informative for researchers from countries outside the European Union. Financial analysis can be characterized as a systematic tool for monitoring the financial condition of the company on the base of the analysis of information that are primarily to find in the financial statements of the company. However, financial analysis is not only a sort of statistical assessment of the current situation, but it is also reflective of the past management and to some extent it can also predict the future financial conditions. In business sphere, where due to the economic environment many unexpected changes occur, financial analysis represents for many a very useful, for others absolutely vital instrument to regulate corporate planning, to which the finances are obviously inseparably connected. Whoever creates the financial analysis (be it of one’s own business or e.g. of potential business partners) acquires additional information and thus also a certain amount of benefits with it.

scholarly journals EUROPEAN REQUIREMENTS REGARDING THE AUDIT REPORTING

2017 ◽  
Author(s):  
Daniel Botez
Keyword(s):  
European Union ◽  
Public Interest ◽  
Audit Committee ◽  
Financial Statements ◽  
The European Union ◽  
Consolidated Financial Statements ◽  
The Public ◽  
Supervisory Authority ◽  
Additional Information ◽  
Reporting Requirements

In recent years, reporting requirements on the statutory audit have been revised and amended to increase the audit report’s communication value. In addition to the stipulations of the International Auditing Standards Package on reporting, revised and enforceable on 15 December 2016, the European Union issued the Directive 2014/56 / EU amending Directive 2006/43 / EC on statutory audits of annual financial statements and consolidated financial statements and EU Regulation no. 537/2014 on specific requirements for the statutory audit of public interest entities, both of which were published on the same date, June 17, 2014 and with the same application deadline, June 17, 2016. These normative acts foresee increased requirements for the reporting procedure in the statutory audit. Thus, the Directive provides for additional content requirements for the audit report, and the regulation requires additional information in the report but also the issuance and provision of other reports by the auditor: report to the audit committee of the public interest entity; In some cases, a report to the public-interest entity's supervisory authority or to the auditor's supervisory authority, and a transparency report published annually on the auditor's website. Our article details this information with direct reference to the content of these European official documents.

scholarly journals Audit development in Ukraine: aspects of regulation of audit activity

2021 ◽  
Vol 13 (2) ◽  
Author(s):  
T. Stupnytska ◽  
N. Kuprina ◽  
Н. Tkachuk ◽  
Kh. Baraniuk
Keyword(s):  
European Union ◽  
Regulatory System ◽  
Financial Statements ◽  
Legal Regulation ◽  
International Standards ◽  
The European Union ◽  
National Audit ◽  
Related Services ◽  
Audit System ◽  
Audit Activity

Auditing in Ukraine is on the path of formation and development, which necessitates the improvement and revision of regulations, which, in turn, leads to an increase in both theoretical and practical aspectsof audit and audit activity. Modern conditions of the process of Ukraine's integration into the European spacecause the regulatory framework to be adapted to the legislation of the European Union. During the period ofoperation, the national audit system in Ukraine is constantly improving. The article analyzes the normativedocuments and publications of scientists to determine aspects of regulatory regulation of audit in Ukraine inconnection with its integration and the possibility of adapting existing legislation to the legislation of the European Union. The analysis showed that the audit regulatory system in Ukraine is multilevel, but the maindocuments governing audit in the country are the Law "On Audit of Financial Statements and Audit activity"and International Standards for Quality Control, Auditing, Review, Other Assurance and Related Services .The levels of normative-legal regulation of audit and the main differences in the structure of normative actsregulating the implementation of audit and audit activities in Ukraine have been considered.

scholarly journals The Comparability of Audit Reports Issued In the European Union: An Empirical Study Based On Separate and Consolidated Financial Data

2012 ◽  
Vol 2 (2) ◽  
pp. 386
Author(s):  
Mondher Fakhfakh
Keyword(s):  
European Union ◽  
Financial Statements ◽  
International Standards ◽  
Financial Data ◽  
Statistical Techniques ◽  
The European Union ◽  
Audit Reports ◽  
European Harmonisation ◽  
First Time ◽  
Normative Content

The purpose of this article is to analyse the degree of European harmonisation of audit reports. This analysis refers to the international auditing standards that have been formally adopted in Europe.In this article we analysed the wording of audit reports issued in the European union. This analysis is accompanied by tests that verify the assumptions of homogeneity and comparability of European reports. The interpretation of results is assisted by several statistical techniques including univariate and multivariate tests.The results show that the objective of the European harmonisation of audit reports is not fully realised. Despite the wealth of information in some reports, European auditors do not always conform to the International Standard on Auditing ISA 700.This paper includes an empirical analysis on the normative content of audit reports Europe. This analysis refers to international standards that support the performance of audit reports in Europe. In addition to information on the separate financial statements, this article considers, for the first time, the consolidated reports. The author discusses and tests the hypothesis of European harmonisation of audit reports.

scholarly journals Comparing Strategies for Estimating Constituency Opinion from National Survey Samples

2016 ◽  
Vol 6 (3) ◽  
pp. 571-591 ◽  
Author(s):  
Chris Hanretty ◽  
Benjamin E. Lauderdale ◽  
Nick Vivyan
Keyword(s):  
European Union ◽  
Cross Validation ◽  
Evaluation Studies ◽  
External Validation ◽  
The European Union ◽  
Local Smoothing ◽  
Sources Of Information ◽  
Individual Level ◽  
Additional Information ◽  
External Validation Study

Political scientists interested in estimating how public opinion varies by constituency have developed several strategies for supplementing limited constituency survey data with additional sources of information. We present two evaluation studies in the previously unexamined context of British constituency-level opinion: an external validation study of party vote share in the 2010 general election and a cross-validation of opinion toward the European Union. We find that most of the gains over direct estimation come from the inclusion of constituency-level predictors, which are also the easiest source of additional information to incorporate. Individual-level predictors combined with post-stratification particularly improve estimates from unrepresentative samples, and geographic local smoothing can compensate for weak constituency-level predictors. We argue that these findings are likely to be representative of applications of these methods where the number of constituencies is large.

IFRS IMPLEMENTATION AS ONE OF THE FACTORS FOR IMPROVING THE INVESTMENT CLIMATE IN UKRAINE

2017 ◽  
Author(s):  
Kateryna Sova ◽  
◽  
Natalia Yatsenko ◽  
Denys Zagirniak ◽  
◽  
...  
Keyword(s):  
Financial Reporting ◽  
Direct Investment ◽  
Financial Statements ◽  
International Standards ◽  
Investment Climate ◽  
The European Union ◽  
Economic Activities ◽  
Financial Reporting Standards ◽  
Almost All ◽  
The Impact

The article is devoted to the study of the impact of the introduction of International Financial Reporting Standards (IFRS) on changes in the investment climate in Ukraine. The relevance of the topic is that improving the practice of applying IFRS as a tool for exchanging financial information is one of the key conditions for improving the investment climate in Ukraine. The authors have created the generalized scheme that illustrates the chronological list of enterprises that are required by law to prepare financial statements in accordance with IFRS. It was noted that in 2018, in accordance with Part 2 of Article 12 of the law on accounting and financial reporting in Ukraine and resolution of the Cabinet of Ministers of Ukraine No. 547 from 11.07.2018, the criteria of enterprises that are required to prepare financial statements in accordance with IFRS were updated. This step significantly increased the level of application of international standards due to the adoption of such a decision at the legislative level. The dynamics of the number of IFRS enterprises in Ukraine was analyzed. The analysis showed that over the past three years, the number of almost all enterprises that must apply international standards has been growing. The advantages of using IFRS for different users of financial statements were determined. It was determined that the priority users of IFRS financial statements are investors. At the same time, it was noted that the main advantage for other users of financial statements prepared in accordance with international standards is the improvement of the investment climate. The dynamics of the Investment Attractiveness Index of Ukraine based on the Likert scale in the period from 2016 to 2020 was analyzed. The direct investment receipts to Ukraine from the European Union countries were studied. The dynamics of direct investment in the Ukrainian economy was analyzed for two types of economic activities that should form financial statements in accordance with IFRS, namely, the extractive industry and quarrying, as well as financial and insurance activities.

Instituting Europe: Germany, the Union, and the Legacy of the Short Century

2001 ◽  
Vol 19 (2) ◽  
pp. 1-21
Author(s):  
Michael Werz
Keyword(s):  
European Union ◽  
Democratic Legitimacy ◽  
Social Changes ◽  
The European Union ◽  
Institutional Reforms ◽  
Crucial Question ◽  
The Social ◽  
The Future ◽  
The Moment ◽  
Federal Structure

Recent debates about the future of the European Union have focusedin large part on institutional reforms, the deficit of democratic legitimacy,and the problem of economic and agrarian policies. As importantas these issues may be, the most crucial question at the momentis not whether Europe will prevail as a union of nations or as a thoroughlyintegrated federal structure. What is of much greater concernis the fact that political structures and their corresponding politicaldiscourses have lagged far behind the social changes occurring inEuropean societies. The pivotal transformation of 1989 has not beengrasped intellectually or politically, even though its results areincreasingly visible in both the east and west.

Term extraction and management based on event templates

Terminology ◽  
2014 ◽  
Vol 20 (2) ◽  
pp. 151-170 ◽  
Author(s):  
Katia Peruzzo
Keyword(s):  
European Union ◽  
Knowledge Base ◽  
Legal System ◽  
Classification Criteria ◽  
The European Union ◽  
Additional Information ◽  
Term Extraction ◽  
Automatic Term Extraction ◽  
Multi Level ◽  
Victims Of Crime

The paper examines the possible usage of event templates derived from Frame-Based Terminology (Faber et al. 2005, 2006, 2007) as an aid to the extraction and management of legal terminology embedded in the multi-level legal system of the European Union. The method proposed here, which combines semi-automatic term extraction and a simplified event template containing six categories, is applied to an English corpus of EU texts focusing on victims of crime and their rights. Such a combination allows for the extraction of category-relevant terminological units and additional information, which can then be used for populating a terminological knowledge base organised on the basis of the same event template, but which also employs additional classification criteria to account for the multidimensionality encountered in the corpus.

A Constitutional Court for Europe?

2004 ◽  
Vol 6 ◽  
pp. 1-34
Author(s):  
Anthony Arnull
Keyword(s):  
European Union ◽  
European Court Of Justice ◽  
European Council ◽  
Constitutional Court ◽  
The European Union ◽  
Constitutional Order ◽  
Court Of Justice ◽  
European Court ◽  
The Future ◽  
Draft Constitution

The purpose of this article is to consider the effect of the draft Treaty establishing a Constitution for Europe on the European Court of Justice (ECJ). At the time of writing, the future of the draft Constitution is somewhat uncertain. Having been finalised by the Convention on the Future of Europe in the summer of 2003 and submitted to the then President of the European Council, it formed the basis for discussion at an intergovernmental conference (IGC) which opened in October 2003. Hopes that the text might be finalised by the end of the year were dashed when a meeting of the IGC in Brussels in December 2003 ended prematurely amid disagreement over the weighting of votes in the Council. However, it seems likely that a treaty equipping the European Union with a Constitution based on the Convention’s draft will in due course be adopted and that the provisions of the draft dealing with the ECJ will not be changed significantly. Even if either assumption proves misplaced, those provisions will remain of interest as reflecting one view of the position the ECJ might occupy in a constitutional order of the Union.

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