THE IMPORTANCE OF ESTABLISHING A FINANCIAL ANALYSIS IN SERBIA

Slobodan Popovic, Ljubica Ivic, Dragan Duranovic, Ranko Mijic and Mladen Ivic
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Slobodan Popovic: JKP GRADSKO ZELENILO, SERBIA
Ljubica Ivic: BACHELOR OF ECONOMICS, SERBIA
Dragan Duranovic: UNIVERSITY OF NOVI SAD, FACULTY OF ECONOMICS IN SUBOTICA, SERBIA
Ranko Mijic: COLLEGE OF ECONOMICS AND STATISTICS PRIJEDOR, BOSNA I HERCEGOVINA
Mladen Ivic: PIM UNIVERSITY, BOSNA I HERCEGOVINA

Annals - Economy Series, 2016, vol. 5, 184-188

Abstract: As a company is a living organism, its growth and development depends on the adequacy of planning, control and analytical procedures that are in use in all aspects of their own business. Under such conditions, the accounting analysis involves primarily adequate monitoring already included in the displayed information contained in the financial statements and in particular the analysis of data that are essential to the operation of any enterprise. Knowledge and the application of modern accounting analysis will give to the company management a wide range of options in terms of uninterrupted growth and development of the company in accordance with a pre-designed and presented vision and mission.

Keywords: accounting analysis; company; financial statement positions; financial statements (search for similar items in EconPapers)
Date: 2016
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