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Planning and Analysis of the Company’s Financial Performances by Using a Software Simulation

Author

Listed:
  • Meri BOSHKOSKA

    (Faculty of Economics – Prilep, University St.Kliment Ohridski – Bitola, Republic of Macedonia)

  • Milcho PRISAGJANEC

    (Faculty of Information and Communication Technologies – Bitola, University St. Kliment Ohridski – Bitola, Republic of Macedonia)

Abstract

Information Technology includes a wide range of software solution that helps managers in decision making processes in order to increase the company's business performance. Using software solution in financial analysis is a valuable tool for managers in the financial decision making process. The objective of the study was accomplished by developing Software that easily determines the financial performances of the company through integration of the analysis of financial indicators and DuPont profitability analysis model. Through this software, managers will be able to calculate the current financial state and visually analyze how their actions will affect the financial performance of the company. This will enable them to identify the best ways to improve the financial performance of the company. The software can perform a financial analysis and give a clear, useful overview of the current business performance and can also help in planning the growth of the company. The Software can also be implemented in educational purposes for students and managers in the field of financial management.

Suggested Citation

  • Meri BOSHKOSKA & Milcho PRISAGJANEC, 2017. "Planning and Analysis of the Company’s Financial Performances by Using a Software Simulation," Management and Economics Review, Faculty of Management, Academy of Economic Studies, Bucharest, Romania, vol. 2(1), pages 14-23, June.
    • Handle: RePEc:rom:merase:v:2:y:2017:i:1:p:14-23
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    More about this item

    Keywords

    Interactive software; financial analysis; financial ratios; DuPont analysis; financial reports.;
    All these keywords.

    JEL classification:

    • G32 - Financial Economics - - Corporate Finance and Governance - - - Financing Policy; Financial Risk and Risk Management; Capital and Ownership Structure; Value of Firms; Goodwill
    • C63 - Mathematical and Quantitative Methods - - Mathematical Methods; Programming Models; Mathematical and Simulation Modeling - - - Computational Techniques

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