Analysis and diagnostics of the financial and economic activities of the enterprise are mainly based on the information support system, which is a set of functionalities. It provides a purposeful process of selecting information indicators in the study of enterprise management and reviewing its positions in all aspects using various methods, models, financial instruments.
A comprehensive analysis of the functioning of the enterprise is carried out in several stages: analysis of environmental factors of direct and indirect influence, consideration of production factors, study of the internal financial environment.
Analysis and diagnostics of the financial and economic activities of the enterprise primarily consider environmental factors and key performance indicators. First of all, a general economic profile. This paragraph evaluates the activities of the enterprise. It also examines the general characteristics of a business entity in terms of the following parameters: what organizational and legal form, on what basis the functioning of the company is carried out, what it does, how many years it has been on the market.
In addition, here you should analyze the market over the past 5 years, on which the company operates, and external factors, based on STEP analysis.
Analysis and diagnosis of the financial and economic activities of the enterprise imply a characteristic of the resource potential of the organization. It includes the structure of the property and the sources of its formation, valuation of fixed assets. You should also determine the effectiveness of the use of the immobilized part of the assets (consider fixed assets that are in operation) and analyze the structure of key groups of assets.
Be sure to give a description of the workforce of the organization.
The next major block in the analysis of enterprise management is the determination of its financial condition. It is necessary to consider how financially stable, liquid, solvent this enterprise is. One of the important characteristics is whether the organization's activity is stable on the part of a long-term vision.
At the end, an analysis of the effectiveness of the enterprise. Here, a review of the functioning of the organization (profit, loss), an assessment of profitability, calculations of indicators of business activity.
Analysis and diagnostics of the financial and economic activities of the enterprise are completed by summarizing the strengths and weaknesses of the company for all key indicators that were obtained during the evaluation. The following points need to be highlighted: how optimal is the share of the company's own capital, the value of its net assets, whether the financial indicators are in compliance with the normative values, and whether the company has enough funds to pay off current liabilities.