Information System of the Financial Analysis
Annals of the University of Petrosani, Economics, 2013, vol. 13, issue 2, 149-156
Financial analysis provides the information necessary for decision making, and also helps both the external and internal users of these. The results of the financial analysis work are dependent on the quality, accuracy, relevance and effectiveness of the information collected, and processed. Essential sources of information for financial analysis are financial statements, which are considered the raw material of financial analysis. One of the financial statements -the balance sheet - provides information about assets, liabilities, equity, liquidity, solvency, risk, financial flexibility. The profit and loss account is a synthesis accounting document, part of the financial statement reporting enterprise financial performances during of a specified accounting period and summarizes all revenues earned and expenses of an accounting period and reports the results.
Keywords: financial information; economical information; usefulness; accuracy; financial statement (search for similar items in EconPapers)
JEL-codes: M21 M41 (search for similar items in EconPapers)
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