On the Standardization of Ratio Analysis of Russian Economic Entities Financial Reports
https://doi.org/10.26794/2408-9303-2019-6-6-52-57
Abstract
The article is devoted to the possibility of standardization of ratio analysis of Russian economic entities fnancial statements. The author uses the methods of logical analysis, observation, generalization, classifcation and abstract-logical approach to indicators and liquidity ratios to conclude that all the groups of traditionally calculated fnancial ratios require revision based on the specifc activities of economic entities under consideration and the industry to which they belong. Standardization of approaches to economic analysis and analysis of fnancial statements, in particular, should be balanced and built on the basis of individual and personalized assessment of the position and the performance of a company. It makes the assessment of fnancial condition, performance results and economic prospects of Russian companies more reliable. The application of abstract-logical approach when considering the formation of professional judgment of an external user of the fnancial statements about the level of liquidity and solvency of Russian companies allows the author to draw a conclusion that the standardization of ratio analysis demands the further development of the analysis methods.
About the Author
O. G. Korolev
Financial University
Russian Federation
Oleg G. Oleg G. Korolev — Dr. Sci. (Econ.), Associate Professor, Head of the Chair “Innovative Management”, — Dr. Sci. (Econ.), Associate Professor, Head of the Chair "Innovative Management"
Russian Federation
Oleg G. Oleg G. Korolev — Dr. Sci. (Econ.), Associate Professor, Head of the Chair “Innovative Management”, — Dr. Sci. (Econ.), Associate Professor, Head of the Chair "Innovative Management"
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Review
For citations:
Korolev O.G. On the Standardization of Ratio Analysis of Russian Economic Entities Financial Reports. Accounting. Analysis. Auditing. 2019;6(6):52-57. (In Russ.) https://doi.org/10.26794/2408-9303-2019-6-6-52-57
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