Audit and economical analysis

Table 2

Origin of financial analysis and their names in the process of historical development⁵

 

Name	Note
Balance theory	Because of studying balance information
Balance interpretation	Evaluation of periodic changes in indicators due to the need
Balance analysis	The results achieved in periodic changes are either richer Future assessment based on the capabilities with the emergence of a need
Report Analytics	Increasing the number of financial reporting forms and the need to evaluate their reflective elements due to
Economic analysis	All economic changes it was demand with increasing force
Social-economic analysis	The scope of the topics studied is only economical not social aspects with the necessity of learning
Economic activity analysis	Farm activity all cover the edgesdue to the demand for shock
Financial and management Analysis	Accounting records finance and management compliant to the account
Financial Analysis, Financial Reporting Analysis	Common professionalism and specialization of developed countriesCompatible with the system of sciences

 

Science is a natural process. The analysis of the theory of knowledge of the world as an important tool for addressing the economy-related issues is regarded not only as a concrete science but also as a methodological basis for all subjects. 

If we look at the subject matter in a broader sense, it is the economic activity of the object (company, company, concern) that is being analyzed. The analysis is not only about what has happened, but also in the future. Including the processes involved. In this respect, this science is fundamentally different from other subjects. 

The subject of the subject of analysis can be understood in a single sense regardless of the definition given in the sources. This content is explained by the uniformity of the process, the results of the activities in the sources, the evaluation of the indicators, the reason, the uniqueness of the study of the effects of internal and external factors. 

The object of the subject is the periodic study of the financial and economic activity of various economic entities, their effectiveness and effectiveness in the system of indicators, interrelations and affiliated information sources, using sources of information. 

Financial and economic activity: 

• 
  the complex structure of the production, production and sales of goods (works, services), the level of utilization of power, the cash flows and their efficient use, staff composition and labor, product cost, profit margins, financial status;
  
• 
  purpose-oriented activity of formation and use of resource base of economic and social development of the enterprise from creation to liquidation; 
  
• 
  is a comprehensive activity of the managing subject to control economic resources, its financial structure, liquidity, solvency, and working environment. 
  

An analysis of financial and economic activity - the ability of the business entity to increase cash and cash equivalents in the future, timely repayment of financial liabilities, the need for loans, cash flows and cash flows. distribution, the assessment of potential changes in economic resources, as well as the business entitythen it is a great way to estimate how successful he can improve his financial situation. 

The constructive view of financial and economic activity is expressed in the following links. 

The main objective of the analysis of financial and economic activity is to provide an objective assessment of the key (information) indicators of the business entity on the effectiveness, profit and loss, cash flow and financial position, to identify and eliminate errors, deficiencies, and take measures to further improve it.