DEVELOPMENT OF ANALYSIS OF FINANCIAL CONDITION OF INDUSTRIAL ORGANIZATIONS IN THE CONDITIONS OF GLOBALIZATION
Journal Title: The Institute of Accounting, Control, and Analysis in the Globalization Circumstances - Year 2016, Vol 1, Issue 1
Abstract
Introduction and purpose. The aim of the article is of scientific and practical substantiation of the methodological principles for the formation of a system of indicators of solvency and financial condition, methods of their calculation in accordance with the information base contained in the accounting and statistical reporting of the organizations of the European Union and the Republic of Belarus. Methods. During the research used the dialectical method of knowledge, systematic and comprehensive approach to knowledge and the formation of performance indicators of industrial enterprises in the conditions of globalization. Results. The opportunities and methodological principles of composition and the harmonization of methods of calculating the solvency and financial condition of the industrial organizations of Belarus and the European Union. Based recommendations on the use of indicators to assess the solvency of the sufficiency of funds for business activities, repayment of short-term and long-term liabilities. Discussion. Studies have shown the need for drawing up, in addition to the Profit and Loss Account, Balance Sheet, Statement of Stockholders' Equity another report, responding to a number of questions relating to whether the organization has sufficient available funds for dividend payments, the ability of companies to repay accounts payable, etc.
Authors and Affiliations
Lydia Ermolovich
Keywords
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