Planning and Analysis of the Company's Financial Performances by Using a Software Simulation

Meri Boshkoska () and Milcho Prisagjanec ()
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Meri Boshkoska: Faculty of Economics – Prilep, University St.Kliment Ohridski – Bitola, Republic of Macedonia
Milcho Prisagjanec: Faculty of Information and Communication Technologies – Bitola, University St. Kliment Ohridski – Bitola, Republic of Macedonia

Management and Economics Review, 2017, vol. 2, issue 1, 14-23

Abstract: Information Technology includes a wide range of software solution that helps managers in decision making processes in order to increase the company's business performance. Using software solution in financial analysis is a valuable tool for managers in the financial decision making process. The objective of the study was accomplished by developing Software that easily determines the financial performances of the company through integration of the analysis of financial indicators and DuPont profitability analysis model. Through this software, managers will be able to calculate the current financial state and visually analyze how their actions will affect the financial performance of the company. This will enable them to identify the best ways to improve the financial performance of the company. The software can perform a financial analysis and give a clear, useful overview of the current business performance and can also help in planning the growth of the company. The Software can also be implemented in educational purposes for students and managers in the field of financial management.

Keywords: Interactive software; financial analysis; financial ratios; DuPont analysis; financial reports. (search for similar items in EconPapers)
JEL-codes: C63 G32 (search for similar items in EconPapers)
Date: 2017
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Persistent link: https://EconPapers.repec.org/RePEc:rom:merase:v:2:y:2017:i:1:p:14-23

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