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PROCESS OF EVALUATING A
COMPANYS ECONOMIC PROSPECTS
AND RISKS FOR THE PURPOSE OF
MAKING
INVESTMENT
DEBT OR EQUITY
EXTENSION OF
CREDIT
EARNINGS
PREDICTIONS
RESTRUCTURING
BUSINESS ANALYSIS
ANALYSING
BUSINESS
ENVIRONMENT
BUSINES
S
ENVIRONMEN
T
CONTROLLABLE
EXTERNAL
SOCIAL,LEGAL
ECONOMICAL,POLITIC
AL
UN
CONTROLLABLE
FINANCIAL STATEMENT
ANALYSIS
FINANCIAL STATEMENTS
AND RELATED DATA
TO DERIVE
ESTIMATES
AND
INFERENCE,
USEFUL IN BUSINESS
ANALYSIS.
CONT
FINANCIAL STATEMENT
ANALYSIS
ANALYSING THE INFORMATION PROVIDED IN
THE
FINANCIAL STATEMENTS
TO
PROVIDE
INFORMATION ABOUT
THE ORGANISATION
PAST
PERFORMA
NCE
PRESENT
CONDITIO
N
FUTURE
PERFORMANC
E
ASSESS THE
ORGANISATION
EARNINGS IN TERMS OF
POWER, PERSISTENCE, QUALITY
AND GROWTH
SOLVENCY
PROFTABLI
TY
SURVIVAL
TO HAVE A MEANS OF
COMPARATIVE ANALYSIS
ACROSS TIME IN TERMS
OF:
INTRACOMPANY BASIS
(WITHIN THE COMPANY
ITSELF)
INTERCOMPANY BASIS
(BETWEEN COMPANIES)
INDUSTRY AVERAGES
(AGAINST THAT
PARTICULAR INDUSTRYS
AVERAGES)
NATURE OF
INDUSTRY
ECONOMIC
CONDITION
S
FINANCIAL
STATEMENT
S
STANDARD
S
OTHER SOURCES
OF FINANCIAL
DATA
FINANCIAL
STATEMENT
S
STANDARD
S
OTHER SOURCES
OF FINANCIAL
DATA
STATEMENT OF
FINANCIAL POSITION
COMPREHENSIVE
INCOME STATEMENT
INCREASE OR
DECREASE IN NET
ASSTS
FLOW OF CASH
EXPLANATORY INFORMATION ABOUT
ITEMS PRESENTED IN OTHER
COMPONENTS OF THE FINANCIAL
STATEMENTS, ACCOUNTING POLICIES
FINANCIAL
STATEMENT
S
STANDARD
S
OTHER SOURCES OF
FINANCIAL DATA
BUSINESS LANGUAGE
NEED
FASB
GAAP
CONVERGANCE
IASB/IAS
C
IFRS
FINANCIAL
STATEMENT
S
STANDARD
S
OTHER
SOURCES OF
FINANCIAL
DATA
AUDIT REPORT
IS DEFINED AS INDEPENDENT EXAMINATION OF BOOKS OF
ACCOUNTS AND RECORDS OF AN ENTITY WHETHER PROFIT
ORIENTED OR NOT IRRESPECT OF ITS LEGAL SIZE OR FORM,
WITH AN OBJECTIVE TO GIVE AN OPINION ABOUT THE
FAIRNESS OF FINANCIAL STATEMENTS, WHETHER OR NOT
THEY REFLECT TRUE AND FAIR VIEW OF COMPANYS
FINANCIAL POSITION AND PERFORMANCE
NEED
UNQUALIFIED
QUALIFIED