UDC: 658.155:657.6(470.343
BBC: У053.4(2Рос.Мар)
Romanova O.A.
To the Question of the Problems of the Company's Financial Results Analysis
Keywords: financial results, income and expenses from the main and other activities of Kopir Plant JSC, analytical studies of the indicators of published statements of company's profit and loss, income and expenses
According to the civil legislation of the Russian Federation, the main goal of any commercial organization is to obtain stable profit and prevent negative financial results throughout the entire activity period. This is possible through operational (at best, daily) control over the ratio of income and expenses by management personnel, conducting an in-depth retrospective and prospective analysis of revenue, the total cost of the produced and sold product, and other income and expenses. Analytical studies are needed in terms of the influence of individual factors on the amount of income and expenses, and, as a result, prompt measures to prevent unprofitable production and sales are required. Unfortunately, information alone from the published form of the financial results report is insufficient, it is necessary to have additional data describing it, as well as the corresponding accounting registers and primary documents confirming the amount of income and expenses of the company under study. Based on the economic analysis of the indicators of the report on the financial results of a commercial enterprise that has the legal form of a joint-stock company, the article identified shortcomings in the structure and content of the explanations to the annual financial statements, approved by order of the Ministry of Finance of Russia of 02.07.2010, No. 66n. Recommendations are given on the introduction of new section 6 «Income» and new edition of section 7 «Expenses» in the tabular form of the Explanations, these will significantly increase the analytical level of information, allow to promptly monitor and forecast the amount of income, expenses and financial results and make effective management decisions to improve the financial position of Russian companies.
References
- Adamenko A.A., Khorol’skaya T.Ye., Teter I.A. Elementy otcheta o finansovykh rezul’tatakh, ikh kharakteristika [Elements of the report on financial results, their characteristics]. Estestvenno-gumanitarnyye issledovaniya, 2020, no. 27 (1), pp. 252–256.
- Bukhgalterskaya (finansovaya) otchetnost’ AO «Zavod «Kopir» za 2020 god [Accounting (financial) statements of Kopir Plant JSC for 2020]. Available at: https://bo.nalog.ru/download/bfo/pdf/5107955?period=2020
- Gosudarstvennyy informatsionnyy resurs bukhgalterskoy (finansovoy) otchetnosti: sait [State information resource of accounting (financial) statements: site]. Available at: https://bo.nalog.ru.
- Koltsova T.A., Panferova L.V. Sravnitel’nyy analiz otcheta o finansovykh rezul’tatakh v sootvetstvii s RSBU i MSFO [Comparative analysis of the statement of financial results in accordance with RAS and IFRS]. Uchetno-analiticheskiye instrumenty razvitiya innovatsionnoy ekonomiki: rossiyskiy i yevropeyskiy opyt: materialy IX Rus. nauch.-pract. conf. [Proc. of 9th Sci. Conf. «Accounting and analytical tools for the development of an innovative economy: Russian and European experience»]. Knyaginino, Publishing House of the Nizhny Novgorod State Engineering and Economic Institute, 2018, pp. 71–73.
- Ponkratova A.P., Syrbu A.N. Nedostatki otcheta o finansovykh rezul’tatakh i rekomendatsii po yego usovershenstvovaniyu [Disadvantages of the financial results report and recommendations for its improvement]. Sovremennyye nauchnyye issledovaniya i innovatsii, 2019, no. 6(98), p. 19.
- Popova T.D, Kushnir E.O., Afanasyeva E.S. Bukhgalterskaya otchetnost’ kak osnovnoy istochnik informatsii o finansovom polozhenii predpriyatiya [Financial statements as the main source of information about the financial position of the enterprise]. Modern Science, 2019, no. 3, pp. 160–163.
- Khmara D.S., Sorokin S.V. K aktual’nym voprosam analiticheskikh vozmozhnostey otcheta o finansovykh rezul’tatakh ekonomicheskikh sub”yektov [On topical issues of analytical capabilities of the report on the financial results of economic entities]. Karel’skiy nauchnyy zhurnal, 2020, vol. 9, no. 1(30), pp. 75–78.
- Schneider O.V., Shchelkanova D.D. Praktiko-analiticheskiy podkhod formirovaniya finansovykh pokazateley kommercheskoy organizatsii [Practical and analytical approach to the formation of financial indicators of a commercial organization]. Jurnalul Umanitar Modern, 2020, vol. 3, no. 1(3), pp. 26–30.
About authors
- Romanova Olga A.
- Senior Lecturer, Department of Accounting and Electronic Business, Chuvash State University, Russia, Cheboksary (ole4karomanova@mail.ru; ORCID: https://orcid.org/0000-0002-2386-2434)
Article link
Romanova O.A. To the Question of the Problems of the Company’s Financial Results Analysis [Electronic resource] // Oeconomia et Jus. – 2021. – №3. P. 43-51. – URL: https://oecomia-et-jus.ru/en/single/2021/3/6/. DOI: 10.47026/2499-9636-2021-3-43-51.
