Audit and economical analysis

Table 6

Stages of financial analysis

Stage 1	The object, purpose and tasks of the analysis are determined, an analysis plan is made
Stage 2	Indicators that describe the object of the analysis are selected, sorted and Systematized
Stage 3	Information needed for analysis is collected and prepared (reliability is checked, brought to a comparative look)
Stage 4	Farm activity results plan, last year, progressive businesses compared with the indicators
Stage 5	Factors are analyzed and units that affect the results will be charged
Stage 6	Activity effectivenessnot usedandin the futurethe capacity is determined
Stage 7	The effects of various factors, identified and not used opportunities taking into account the concrete measures, measures are taken

 

The peculiarities of the method of analysis, what are the different aspects of its analysis? 

An important feature of the method of financial analysis is that it is learned not only of change, development, but also its linkage. Important attention is given to identifying indicators and units affecting them.

Another important feature of the method of financial analysis is that it is possible to forecast not only the outcome of the indicator relationship, but also to predict their future expectations. In the financial analysis, not only the real situation, but also its expected results, linen 

Another feature of the method of financial analysis is to clearly calculate the interaction and dependence of the indicators being explored. 

In summary we can say that the important feature of the analysis is that the specific economic indicator under study can not be analyzed separately from other factors. Their interdependence is always respected. 

When the analysis is successful, its methods are chosen correctly, and they are used scientifically and creatively. This factor requires a dialectical approach to the object being investigated.

 Using the dialectical approach in the analysis means that all the affiliated parties are taken into consideration when analyzing the business. 

Specific features of financial analysis require that financial analysts focus on the following key elements: 

- organization of the operational process;

- cash flows;

- purpose of the mission;

- assessment of network risks; 

- studying the ghost;

- study the scale of the society;

- to examine his legal status. 

Methods used in financial analysis: Traditional (comparative, balance, average values, chain change, index, difference, relative indices) and economic mathematics (integral, linear and nonlinear programming, theoretical game, correlation and regressions, determinants, logarithms). Basic (general) methods of analysis should be summarized as follows:

Comparison method. 

Comparison is the most widely used method in the analysis. Its horizontal, vertical, trendy methods are composed. 

In practice, it is important to comply with the essential conditions of comparison. They include the unit of measure (volume, value, quantity indicators), periodic intervals, mode of operation, production conditions, uniform business environment, methodological uniqueness of calculations. 

The content of the comparison is a comparison. Changes in the object being studied on a comparison basis, their trends and trends are studied. 

Comparative analysis is studied by the following types: horizontal, vertical, trend, and also one-dimensional and multifaceted analysis. 

Used to estimate and evaluate the absolute and relative change from realistic indicators from the horizontal benchmark (base, last year, average, progressive economic indicator). 

Vertical analysis is carried out by calculating the percentage of separate parts of the economic phenomena to study the structure of the economic phenomena. 

Trend has been used for a number of years to study the relative increase in growth rates and the growth rate. 

In a one-dimensional analysis, the comparison is made by comparing one or more indices of an object, or just one index of multiple objects. 

Multidimensional analysis compares several companies with the large spectrum of indicators. This analysis is widely used in the complex assessment of the operation of enterprises and their subdivisions. 

Comparisons of actual realities, realistic indicators, estimates of previous years, base year, average network, progressive, pale and foreign indicators, their dynamics, absolute and relative expressions are evaluated.