ANALIZA BILANSA USPJEHA I NJEN ZNAČAJ ZA EFIKASNO UPRAVLJANJE PREDUZEĆEM
ANALYSIS OF INCOME STATEMENT AND ITS RELEVANCE TO EFFECTIVE MANAGEMENT OF A COMPANY

Summary/Abstract: The change of economic and social circumstances has led to the discovery that business activities and work organization need to be adapted in real time terms. The business operations of a company, as an economic entity, is current at any times, any economic space and economic ambience. An enterprise runs business under more and more complex conditions, while being exposed to the permanent influence of the environment. The company’s performances and quality criteria in business operations are changing rapidly. This is why the management of a company is a complex and demanding task. For the successful implementation of this task, the management of a company needs to use all available resources. One of the important resources is information, being basis for all managing activities. The prime sources of information are financial statements, generated by the Accounting Department of a company. Information and data contained in financial statements have specific relevance due to their authenticity and origin. The scope and quality of information contained in financial reports is quite extended by the analysis of it. The subject of this paper is the analysis of the income statement as one of the main components of the mandatory reporting set, aiming to recognize the significance of it for the efficient management of a company.

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