Įmonių finansinių ataskaitų informacija: reikšmė, vertinimas, analizė
Information of the Company’s Financial Statement: its Role, Evalution and Analysis

Summary/Abstract: The article deals with the information presented in company’s financial statements. Also, it discusses and evaluates elements of financial statements. Financial statements are the main recourse for financial analysis. Therefore it is important that each analyst has full knowledge of principles for preparation of statements, evaluation of their indexes and technique for analysis. Internal and external users would gain thorough information only if a qualitative analysis of financial statements has been done. However the analysis of financial statements is used insufficiently in the practice of Lithuanian companies. The techniques of analysis presented in books of overseas authors are based on those countries’ financial statements and accounting data, accordingly the use of those techniques imposes lots of strains: the ratios are different in title, measurement methods, interpretation and evaluation. Instead of financial statements, it is purposeful to include a new statement as “Corporate governance statement”. It should contain the structure of company’s control, the policy of staff management, internal governance system, the main objectives of the company’s activity and their exercise. It is necessary to append the Fourth Directive of the European Union “Companies Financial Statements”. It clearly states how European Union countries should prepare the balance sheet, profit and loss statement, what information is disclosed within explanatory notes. However, this Directive doesn’t prescribe how to prepare the cash-flow statement and the statement of changes in equity. If principle guidance’s for preparations of the latter statements were included in the Fourth Directive, they would enhance comparability of information among all the European Union countries.

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