Title: A CRITICAL ANALYSIS ON THE USE OF FINANCIAL STATEMENTS
IN ASSESSING THE PERFORMANCE OF AN ORGANIZATION
Authors: Tisha Manchanda
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Tisha Manchanda
Ramanujan College, University of Delhi
MLA 8 Manchanda, Tisha. "A CRITICAL ANALYSIS ON THE USE OF FINANCIAL STATEMENTS IN ASSESSING THE PERFORMANCE OF AN ORGANIZATION." Int. j. of Social Science and Economic Research, vol. 6, no. 8, Aug. 2021, pp. 2759-2764, doi.org/10.46609/IJSSER.2021.v06i08.013. Accessed Aug. 2021.
APA 6 Manchanda, T. (2021, August). A CRITICAL ANALYSIS ON THE USE OF FINANCIAL STATEMENTS IN ASSESSING THE PERFORMANCE OF AN ORGANIZATION. Int. j. of Social Science and Economic Research, 6(8), 2759-2764. Retrieved from https://doi.org/10.46609/IJSSER.2021.v06i08.013 Retrieved from https://doi.org/10.46609/IJSSER.2021.v06i08.012
Chicago Manchanda, Tisha. "A CRITICAL ANALYSIS ON THE USE OF FINANCIAL STATEMENTS IN ASSESSING THE PERFORMANCE OF AN ORGANIZATION." Int. j. of Social Science and Economic Research 6, no. 8 (August 2021), 2759-2764. Accessed August, 2021. https://doi.org/10.46609/IJSSER.2021.v06i08.013.
References [1]. Al-Nasser, N. M. (2014). The Impact of Financial Analysis in Maximizing the Firm's Value "A Case Study on The Jordanian Industrial Companies". International Journal of Managerial Studies and Research (IJMSR), 2(6), 1-9.
[2]. Hasanaj, P., &Kuqi, B. (2019). Analysis of financial statements. Humanities and Social Science Research, 2(2), p17-p17.
[3]. Osadchy, E. A., Akhmetshin, E. M., Amirova, E. F., Bochkareva, T. N., Gazizyanova, Y., &Yumashev, A. V. (2018). Financial statements of a company as an information base for decision-making in a transforming economy.
[4]. SZYDE?KO, A., & BIADACZ, R. (2016). THE ROLE OF FINANCIAL STATEMENTS IN PERFORMANCE MANAGEMENT. Modern Management Review. DOI: 10.7862/rz.2016.mmr.55
Abstract: The purpose of this research paper is to determine the use of financial statements as a final
product of financial accounting and all the financial data available in analyzing and evaluating
the performance of an organization to different stakeholders. The financial statements of an
organization are examined internally by the management of the organization to study and
improve its operations internally and externally by investors and creditors to make investment
decisions. Income statement, Balance sheet, Cash flow statement and financial ratios are
included in financial statements of an organization. Financial statement analysis can be used to
determine an organization's liquidity position, long-term solvency, financial viability, and
profitability. Therefore, this research paper explains in detail why financial statements are
important and their uses for an organization.
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