Question: What did you learn from reading this journal article? (Focus on the how) Introduction Economic and financial analysis of a company is a laborious trial

What did you learn from reading this journal

What did you learn from reading this journal

What did you learn from reading this journal article? (Focus on the how)

Introduction Economic and financial analysis of a company is a laborious trial requiring a quality professional training. Apparently paradoxically, despite the skills possessed by the analyst, the conclusions drawn up as a result of the analysis Direct Problems and Inverse Problems in Biometric Systems Vol. III, Issue 5 October 2013 may not be applicable or useful. This is possible for at least two reasons. The first one relates to the non-compliance with the accounting principles as regards the recording of business operations unintentionally or deliberately. This will lead to the preparation of financial statements that do not reflect the real situation of the company and, consequently, the financial analysis performed will describe a hypothetical company and in no circumstances the company in question. Auditing may be a handy solution for the company management in this situation. The second reason may be the lack of information (Dragot V. et al, 2003, pag.131-132). No matter how much you want to achieve a quality and representative work, unless you have the necessary information, the result is truncated or useless. If the analyst does not have access to the amount of data required, the usefulness of the analysis performed will be diminished or invalid. Further, an analysis will be conducted using data from the financial statements of a real company, but, for reasons of confidentiality, it will be presented below under the generic name of SC Mobila SRL. According to the typology of economic and financial analysis (Vlceanu et. al, 2005, pp.15-19), the analysis conducted for the above- mentioned company is defined as a short-term, static, qualitative and quantitative financial review. Regarding the methodology used, specific methods have been merged both for qualitative, as well as quantitative analysis such as: comparison method, balance sheet method and ratio method. As sources of information, the following have been used: balance sheet, income statement and other accounting documents of the company. Analysis of financial statements, such as any other financial and economic analysis is an activity to be performed consistently by any company wishing to develop As mentioned at the beginning, the study can be complicated and laborious, requiring many calculations, interpretations, replays until some conclusions may be drawn. This is what happened in the case presented, when several types of indicators must have been analyzed in order to draw a valid conclusion. Thus, a seemingly stable situation with an increasing turnover was actually hiding serious problems in the production area. Therefore, the analyst must also demonstrate, in addition to his professional skills, patience and perseverance, without having to rush to the 22 Direct Problems and Inverse Problems in Biometric Systems Vol. III, Issue 5 October 2013 final findings. Capacity of analysis, understanding, predicting and controlling of risks will lead the company business to success

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