Financial CEMATT Method: a New Approach for Performance Assessment using Accounting Information

Teodor Hada, Nicoleta Bărbuţă-Mişu and Teodora Maria Avram
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Teodor Hada: Bogdan Voda University Cluj Napoca, Romania
Teodora Maria Avram: 1Decembrie 1918 University of Alba Iulia, Romania

Economics and Applied Informatics, 2016, issue 2, 10-17

Abstract: The paper highlights the issue of accounting information as source for determining the financial position, with the customization on a case study in the clothing industry. This study provides an integrated approach to how the financial position can be determined by the financial CEMATT model for a case study based on 108 medium-sized companies selected according to their turnover in the clothing industry in Romania in 2014. The results of the study were encouraging, the most analyzed companies being within the area of financial balance; moreover, none of the companies analysed, in terms of financial diagnosis, wasn’t registered in the critical region, that lead a company to bankruptcy

Keywords: Accounting information; Clothing industry; Financial indicators; Financial diagnosis; CEMATT model; Aggregate score (search for similar items in EconPapers)
Date: 2016
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Persistent link: https://EconPapers.repec.org/RePEc:ddj:fseeai:y:2016:i:2:p:10-17

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