Audit and economical analysis

The relationship between analytical subjects and statistics

The analysis of the subject depends on the statistical science, in which quantitative and indicators of events and processes are evaluated, and in the analysis indicators of higher values ​​and financial indicators prevail.   In particular, both sciences use the same set of information and economic methods.   At the same time, statistical advantages are more focused on macroeconomic indicators and trends of their changes.   In the analysis, the main aspect is the micro level, i.e. the organization is evaluated by its sections and divisions. The statistics also focuses on identifying more dynamic changes, the result of which is the relationship, the actual change, internal capabilities and the way they are implemented.   In addition, statistical reports are the source of the necessary reporting for analysis.

The relationship between analytical science and economic mathematics.   The analysis will be closely connected with the economic mathematical science in the formulation of an analytical, analytical model of the effectiveness and efficiency of microscale activity and the formation of a mathematical algorithm.

The most commonly used correlations, regressions, determinants, logmorphisms, theoretical games, and integral methods are commonly used in the analysis.

Analysis is also an integral part of finance, investment, taxation and taxation, macroeconomics, and microeconomics and technology.  

8. Subjects of the financial analysis (investors, creditors, suppliers, customers, employees, as well government institutions, ministries, offices, public and stakeholders) and their interests

           

Subjects of financial analysis (real and prospective investors, creditors, suppliers, customers, employees, government agencies, ministries, agencies, public and other interested parties) and their interests 

A wide range of analysts will be included in the financial analysis.   They can be divided into internal and external objects.   Internal assets will be available only to real and potential investors, creditors, product suppliers, customers, employees, government agencies, ministers, agencies, public and other interested parties who use financial statements if external auditors are only members of this company.

The need for financial statements is as follows:

Ownership of owners (participants and founders) and investors is mainly related to the amount of dividends received from participation in the authorized capital  enterprises, and the absence of any dangers associated with investments.

Lenders are interested in information that allows them to determine whether their loans and interest are paid on time;

Suppliers and other commercial lenders are interested in information that allows them to determine whether their amount will be repaid on time;

Clients are interested in information on the continued functioning of a business entity, especially if they have a long-term contract or depend on a business entity;

Personnel - information about the sustainability and profitability of business entities.   They are also interested in obtaining information that allows the enterprise to assess the ability of the enterprise to maintain its wages, pensions and employment opportunities at a later date;

Governments are interested in the allocation of resources and information on the activities of entities.   They need information as a basis for running the business of an enterprise, establishing tax policy and determining national income and other statistical information;

In public, because a business can greatly contribute to the local economy, including employment and support for domestic suppliers. Financial reporting provides and maintains public information on the latest achievements in the field of development and improving business welfare.

These companies are separate entities of other business entities.     analysis and monitoring of their economic situation.

Subjects of financial analysis can also assess the financial condition of business entities in a comprehensive (full) way.   Below is an example of analytical procedures that can be used in audit activities.   In other cases, analytics and analytics will be analyzed to draw conclusions based on the goals and interests of clients.

A comprehensive analysis of the financial situation is not just an internal financial analysis.   Subjects of external analysis usually focus on information on the topic of interest.

The combination of financial analysis issues and their interests can be found in the following table.