Main problems of formation of analytical base for calculation of financial indicators of development of the industrial enterprises
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- Category: Economy
- Last Updated on Thursday, 10 July 2014 13:45
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Authors:
R.I. Zavorotniy, Cand. Sci. (Econ.), State Higher Educational Institution “Kiev National Economic University named after Vadym Hetman”, Senior Lecturer of the Department of Corporate Finance, Kiev, Ukraine
Abstract:
Purpose. The main target is to develop methodical recommendations for formation of correct analytical base. Such base is used for calculation of strategic financial reference points of development of the industrial enterprises.
Methodology. In the article to achieve the certain objectives such scientific methods are applied: dialectic and system – to prove the conceptual principles of strategic management by the domestic enterprises on the basis of set of value indicators, to develop methodical recommendations about definition of a correctness of financial data and about prevention of a conscious manipulation by the financial reports, to prove urgency to consider the features of development of the local market at calculation of concrete strategic financial indicators; the historical and logical – to estimate features of development of the domestic market and the industrial enterprises which are there; the economical and statistical – to estimate comparable numerical data.
Findings. Through the comparison of conditions of development of the Ukrainian market and the markets of the developed countries the author emphasizes need of use of an individual approaches at the calculation and analysis of some value indicators of development of the national enterprises; influence of conditions of development of the local market on procedures of calculation of concrete value indicators is detailed. Classification of the most widespread mistakes which arise in the analysis of financial indicators is made, usual conditions of emergence of mistakes are considered.
Among all types of errors the errors of registration are characterized by the greatest complexity of identification. Such mistakes can arise through conscious distortion of some financial data. That emphasizes the exclusive value of an offered complex of the main receptions and signs of distortion of corporate financial statements.
Originality. Novelty consists in offering the methodical recommendations for providing the correct analysis of a certain minimum set of valuable indicators of development of the domestic industrial enterprises.
Practical value. Value consists in acceleration of process of formation the correct analytical base which is used for calculation and the analysis of certain set of financial indicators of strategic development of the Ukrainian industrial enterprises.
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