Dimension and Importance of Ratio Analysis Through Financial Statements as a Reliable Basis for Future of Business Entities

Zdravkoski, Igor (2013) Dimension and Importance of Ratio Analysis Through Financial Statements as a Reliable Basis for Future of Business Entities. In: Global Virtual Conference 2013, 8 - 12, 2013, Zilina, Slovakia.

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Abstract

Abstract- Today's needs for precise planning and decision making are very crucial.Therefore, the application of the analysis is inevitable.The application of the analysis will first examine and explain the results presented in the financial statements.Hence, we will see the data which will confirm the financial strength of the business entity which has been the subject of analysis. Namely, for the realization of the effects achieved with building business plans, are used ratio indicators which are the centre and also the derive source for developing ideas. It follows that the applied analysis with ratio indicators tends to give us a reference how and where to direct ourselves in creating business policy, and to enable us to access the results of operations. Despite these conclusions we can say that the results obtained through the financial statements would be even better perceived through individual observations by ratio analysis. The theory shows that the analytical indicators represent implicit part in the analysis of financial statements. From here, we will rightly say that the analytical and applied indicators represent a focus in management and economic performance. Keywords: ratio analysis, financial statements, analytical indicators, management, economic performance, dimension.

Item Type: Conference or Workshop Item (Paper)
Subjects: Scientific Fields (Frascati) > Social Sciences > Economics and Business
Divisions: Faculty of Economics
Depositing User: Mr Dimitar Risteski
Date Deposited: 30 Jun 2016 14:08
Last Modified: 30 Jun 2016 14:08
URI: http://eprints.uklo.edu.mk/id/eprint/177

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