Analytical Procedures In Conditions Of Increasing Concern For Ensuring The Profitability Of Business Entities

Zdravkoski, Igor (2022) Analytical Procedures In Conditions Of Increasing Concern For Ensuring The Profitability Of Business Entities. In: XVIII. International Balkan and Near Eastern Congress Series on Economics, Business and Management Ohrid / Republic of North Macedonia, November, 26-27, 2022, Ohrid, Repiblic of North Macedonia.

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Abstract

Abstract: Today we live constantly in dynamics and new circumstances.Every business entity strives for constant adaptation to news, through improving results, optimization of operations, and making correct business decisions.
Hence, we emphasize the essential task of accounting, as well as the recording and presentation of the state and changes of property and the results of business entities. Based on the records, the necessary data and information are provided about the state and dynamics of the assets, liabilities, and capital, as well as about the income and expenses from the operations
of the enterprises.
In this way, an insight into the state and changes in the assets and liabilities is possible, that is, an insight into the results achieved during the operation, but also the definition of the goals and tasks of the analysis of the financial statements.
Namely, defining the analytical procedure which, under specific conditions, starts from the needs and goals of the subject for whom the analysis is performed.
There are many interested parties in the financial situation, as well as the observance of the principle of profitability in enterprises.
The analysis of the financial statements in the best way shows the results obtained after its conclusion.
The multidimensional meaning of the objectives of the financial statements offers the users the analysis of the data and indicators, but also different information.
That is, interested groups such as owners, shareholders, creditors, auditors, tax authorities, potential investors, etc. have only one goal: to gain knowledge about the "financial health of the company".
Of course, all data becomes transparent, whether through a publication in print or electronic form.
The usefulness of the analysis is realized through the possibility to make quick and simple decisions based on insight into the financial situation and the comparison of the different financial positions.
Keywords: asset size, financial positions, balance sheets, users of financial statements, analyst.

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:	22 Feb 2023 09:54
Last Modified:	22 Feb 2023 09:54
URI:	https://eprints.uklo.edu.mk/id/eprint/7726

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