Author(s): Iveta Košovská, Ivana Váryová
Title: Financial Form of Balance Sheet – Information Source for the Assessment of Company Assets and Capital Retention
Source: International Scientific Days 2018 :: Towards Productive, Sustainable and Resilient Global Agriculture and Food Systems :: Proceedings
ISBN: 978-80-7598-180-6
DOI: https://doi.org/10.15414/isd2018.s7.03
Publisher: Wolters Kluwer ČR, Prague
PY, pages: 2018, 1538-1549
Published on-line: 2018-11-09
Language: eng
Abstract: For financial management, it is important to monitor the company's main financial
parameters, to compare them with the forecast state and to take measures to guide
their development in the desired direction. The primary task of accounting is to provide
a true and fair view on assets, revenues and financial situation of a company.
The analysis of the company assets changing trends of the entity should be one of
the most important tasks of the financial analysis for the assessment of the financial
situation of the company. Currently the issue of company assets is analysed by the
majority of authors in the range in which it is solved within the IFRS Conceptual
Framework in the part Concepts of Capital and Capital Maintenance. To the analysis
of the company assets we can approach from two points of view: from the owner
´s point of view who attempts to increase equity and from the manager´s points
of view who attempts to preserve the business property. The assessment of property
substance of a company and the effectiveness in invested capital arise from the Financial
Statements, mainly from the Balance Sheet. In the article the Balance Sheet
is presented as the basic source of information for the quantification of company
assets. We have drawn the theoretical basis for the apprehension of company assets.
The stated theoretical basis is applied on the concrete selected companies.
Keywords: accounting, financial statements, Balance Sheet, company assets
JEL Classification: M 21, M 40, M 41
Rights:Open Access :: Creative Commons BY-NC-SA 4.0 International Licence
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