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DOI: 10.47026/2499-9636-2021-3-43-51

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.


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About authors

Romanova Olga A.
Senior Lecturer, Department of Accounting and Electronic Business, Chuvash State University, Russia, Cheboksary (; ORCID:

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: DOI: 10.47026/2499-9636-2021-3-43-51.