Analysis of the economic activity of an enterprise is a set or system of measures used to find weaknesses and strengths in the work of an organization of any kind. This set of measures is aimed at a comprehensive study of all areas of activity of the company.
Like any other economic category, the analysis of the economic activity of the enterprise implies the presence of the subject, goals and objectives of the study. The first item includes all financial and business processes that take place in the organization. Here, one can also include their results and consequences, which in one way or another will have an impact on the economic condition of the entire enterprise as a whole. Moreover, all the phenomena that take place in the company’s activity are caused by certain factors, which are also the subject of this sector of the economy.
The main goal pursued by a set of measures called "analysis of the economic activity of the enterprise" is to find reserves for the possibility of increasing the economic efficiency of the work of all structural divisions of the organization. With it, you can improve and stabilize her financial condition. It is worth noting that other, equally important aspirations are also possible. However, each of them follows from the main and main goal and appears in the course of a specific study or verification.
Analysis of the
financial and economic activities of the organization includes a system of measures that solves numerous problems. Let's consider them in more detail.
1. Since any economic process is based on a base with financial data, the main issue is the use of proven and accurate numbers, the reliability of which will not cause any doubt. It is in order to confirm the reality of the indicators taken from statistical reports and business plans that the analysis is carried out.
2. The second task is an objective assessment of how the organization conducts its business activities. This process takes into account a huge number of parameters: the compliance of the actual data with the established forecast values, the dynamics and the process of modifying the dominant economic indicators (cost of production,
return on equity, sales, production, net and
operating income, and others);
3. The analysis of the economic activity of the enterprise includes actions for the systematic qualitative and quantitative analysis of the totality of factors that somehow affect the activity of the entire organization. At the same time, the establishment of the nature of their origin, the relationships between them and the construction of a model of their interaction is a
qualitative analysis, and the determination of the size of the influence of one or another factor on the indicator selected for study is quantitative.
4. Finding all kinds of reserves that will help increase the economic efficiency of the organization and improve the financial condition of the company;
5. Development and implementation of the most optimal management decisions on working with identified reserves.
6. Making forecasts of the company based on the analysis and recommendations.
Analysis and diagnostics of the financial and economic activity of the enterprise is a process that will allow finding a way out of many difficult situations, determining the most priority areas and ways of business development and cutting off the most unprofitable ones.