Analysis of financial and economic activity - theoretical foundations

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economic and financial activity is the subject of attention of several scientific disciplines: economics, macroeconomics, management, statistics, accounting, economic analysis and others.The prerogative of the economy - the study of the impact of specific, general and specific economic factors for the development of the company in a particular industry.

Statistics focuses on the quantitative side of various economic phenomena of mass character.The priority of accounting is considered to be the study of the circulation of cash flows and capital enterprises in the process of production and financial activities.His task - documentation of all business operations and related financial flows of the circuit.

analysis of financial and economic activity has incorporated the features of all these disciplines.It explores how the financial and economic side of the activity of the enterprises and a variety of production and economic aspects and phenomena.A distinctive feature is that the analysis of financial-economic activity does not consider productive activities as a process, and investigates and analyzes the results of management and economic processes inherent in a particular enterprise.And on the basis of the results is carried out evaluation of the effectiveness of the company.

AFHD important functions is to analyze the production of the company and support of current plans and prospects.Analysis of financial and economic activities designed to make a deep study of the economic results of the company management for the previous period (5 - 10 years) and to make scientific prognosis for the future.Without a detailed and thorough analysis of all components and the economic aspects of business, without identifying the mistakes and shortcomings took place it is impossible to develop clear plans for economic development and to choose the best options for management decisions.

This is the main role AFHD in the structure of economic sciences.Analysis of financial-economic activity of studying compliance with the declared development plans, performance management solutions and the rational use of resources and production capacity of the entity.AFHD provides not only a statement of facts and the assessment of progress.One of the purposes of this discipline - identify errors, omissions and weaknesses with a view to the operational impact of the economic and production processes.

One of the central functions AFHD performed by them in the study of all aspects of the activity is to find the resources and reserves can increase the productivity and efficiency of the enterprise, as well as the quality of its products based on advanced science.