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Formation of Analytical Tools of Assessment of Company Effectiveness

Author

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  • Otenko Vasiliy Ivanovich

    (Kharkiv National University of Economics)

Abstract

The article is devoted to the study of theoretical foundations and practical provisions of assessment and analysis of effectiveness of company activity. It reveals essence of such notions as effect, effectiveness, effectiveness of company activity and production effectiveness. It considers economic effectiveness as the main criterion of effective functioning of a company. It considers main approaches and methods of assessment of effectiveness of functioning of a company, which are used in modern practice. The article offers a consequence of execution of analytical work on analysis and assessment of effectiveness of economic activity of a company and identifies required tools and information provision, which is used at each stage of assessment of effectiveness of company activity. It offers the following as the main stages of analysis and assessment of effectiveness of company activity: 1) specification of objects, goals and tasks of analysis and preparation of a plan of analytical work; 2) development of a system of synthetic and analytical indicators; 3) collection of necessary information and preparation of it for analysis; 4) analysis of the structure and dynamics of indicators for assessment of effectiveness of finances; 5) assessment of taxonomic indicators by components of effectiveness and integral assessment of effectiveness; 6) multifactor correlation and regression analysis of effectiveness of economic and financial activity; 7) factor analysis of effectiveness of financial activity; and 8) assessment of results of analysis and search for means of increase of economic effectiveness of economic activity by means of application of a complex software. The offered stages of assessment of effectiveness of economic activity of a company are subordinate to achievement of a strategic goal of a company.

Suggested Citation

  • Otenko Vasiliy Ivanovich, 2013. "Formation of Analytical Tools of Assessment of Company Effectiveness," Business Inform, RESEARCH CENTRE FOR INDUSTRIAL DEVELOPMENT PROBLEMS of NAS (KHARKIV, UKRAINE), Kharkiv National University of Economics, issue 5, pages 232-237.
    • Handle: RePEc:idp:bizinf:y:2013:i:5:p:232_237
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