Name
Prudnikov Anatoliy Grigorievich
Scholastic degree
•
Academic rank
professor
Honorary rank
—
Organization, job position
Kuban State Agrarian University
Web site url
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Articles count: 12
The report on financial results is among the main forms
of financial statements of commercial organizations.
Annual report contains data for the reporting and prior
years received revenue-net cost of products sold gross
profit administrative and commercial costs, profit (loss)
from sales; it also includes: income from participation
in other entities; interest income; interest expense;
other income; other expenses; profit (loss) before
taxation current profit tax; change of deferred tax
obligations change of deferred tax assets other net
profit (loss). Reference in report: results of revaluation
of non-current assets not included in net profit (loss) of
the period results of other operations not included in
net profit (loss) for the period basic earnings (loss) per
share; diluted earnings (loss) per share. The report is
based on two fundamental principles – the method of
calculation and assumptions the continuity of the
organization. Its content transformed in accordance
with the format of the report, implemented the
international financial reporting standards - IFRS 1
"Presentation of financial statements". The value of the
statement of financial performance is determined by
their role as criteria of effectiveness and efficiency of
industrial - financial activities of business
organizations, the role of profit as source of financing
of expanded reproduction
In the article we consider the methodological
framework for the analysis of asset turnover; critical
assessment of individual provisions of the traditional
methods of analysis of capital turnover; a method to
eliminate the influence of the price factor and the
composition of current assets by results of approbation
of an improved method for analyzing the turnover of
circulating assets and own capital of business entities.
The basis of the theory of capital turnover is the
classic formula of the reproduction of capital by
K.Marx, suggesting the increase of goods, money and
money capital at the last stage of treatment, and
improving the efficiency of the rational organization
of the use, the rational level of concentration. The
higher the speed of capital turnover, the more efficient
its use is. The peculiarity of the process of the
turnover of inventories, working capital is its
dependence on specialization of business entities,
defining the structure of fixed and current assets, ratio
of reserves, participating and not participating in
circulation during the reporting year. However, the
traditional method of analysis of asset turnover,
inventory does not distinguish between reserves for
participating and non-participating in circulation
during the reporting year, which precludes an accurate
assessment of the process of circulation of assets to
make the best management decision for their
formation, to determine an objective rating of the
business entity in its credit scoring. With regard to the
method of analysis of asset turnover, inventory use of
non-participating stocks in circulation during the
reporting year, overstates the average annual total
assets, inventory is the baseline for calculating the
number of revolutions; inflated the average book
value of assets, inventory, reduces the number of
revolutions per year overstates the duration of one
rotation of assets, stock, increases the capacity
revenue (annual turnover) and, therefore,
overestimates the need for assets, inventories, leading
to inaccurate assessment of the release (raising) of
assets stocks