An Empirical Study Of Financial Performance Evaluation Of A Malaysian Manufacturing Company
AbstractAccounting principles are useful tools in executing and improving a successful practice management plan. In todayâ€™s competitive environment, evaluating the financial performance is crucial for companies in manufacturing sector. The analysis of financial performance reflects the financial position of the company, the level of the competitiveness in the same sector, and a thorough knowledge about the cost and profit centres within the firm. Managers, investors, and creditors can then apply this accounting information provided by financial analysis in their strategic planning and investment decisions. This study investigates the financial performance of an investment company in Malaysia for a three-year period from 2009 to 2011, which is assessed using financial ratios. The findings pointed out that overall company performance reduced remarkably in the last year of the analysis. This study principally emphasizes on how accounting information aids budgetary decision-makers to evaluate the company financial performance, determine its future obligations, and make better investment decisions.
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Bibliographic InfoArticle provided by Dimitrie Cantemir University, Faculty of Economical Science in its journal Academica Science Journal - Economica Series.
Volume (Year): 1 (2012)
Issue (Month): 1 (November)
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Financial performance analysis; financial ratio; balance sheets; income statements;
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