Economic and financial activity is the subject of close attention of several scientific disciplines: economic theory, macroeconomics, management, statistics, accounting, economic analysis and others. The prerogative of the economy is the study of the impact of specific, general and particular economic factors on the development of an enterprise in a particular industry.
Statistics focuses on the quantitative side of various economic phenomena of a mass nature. The priority of accounting is the study of the circulation of cash flows and capital of enterprises in the process of production and financial activities. Its task is to document all business operations and the associated circulation of financial flows.
Analysis of financial and economic activity has incorporated the features of all these scientific disciplines. He examines both the financial and economic side of the activities of enterprises, and a variety of industrial and economic aspects and phenomena. A distinctive feature is that the analysis of financial and economic activities does not consider production activities as a technological process, but explores and analyzes the business results and economic processes inherent in a particular enterprise. And on the basis of the results obtained, an assessment of the effectiveness of the enterprise is carried out.
Important functions of AFC are the analysis of the production activities of the enterprise and the justification of current plans and development prospects. Analysis of financial and economic activities is designed to conduct a deep economic study of the economic results of the enterprise over the past period (5-10 years) and make a scientifically based forecast for the future. Without a detailed and thorough analysis of all the components and economic aspects of economic activity, without identifying errors and deficiencies that have occurred, it is impossible to develop clear plans for economic development and choose the best options for management decisions.
This is the main role of AFKhD in the structure of economic sciences. An analysis of financial and economic activity studies the observance of declared development plans, the implementation of managerial decisions and the rationality of the use of resources and production capacities of a given business entity. AFKhD does not only state facts and evaluate the results achieved. One of the purposes of this discipline is to identify errors, shortcomings and shortcomings with the aim of operational impact on economic and production processes.
One of the central functions of AFKhD performed by him in studying all aspects of his activity is to find resources and reserves that can increase the productivity and efficiency of the enterprise, as well as the quality of its products based on advanced scientific achievements.