ПО ВЪПРОСА ЗА РАЗЛИЧНИТЕ ПОДХОДИ ЗА АНАЛИЗ НА ЕФЕКТИВНОСТТА НА БИЗНЕСА
ABOUT DIFFERENT APPROACHES TO ANALYZE BUSINESS EFFICIENCY

Author(s): Rositsa Ivanova
Subject(s): Economy, Business Economy / Management, Accounting - Business Administration
Published by: Университет за национално и световно стопанство (УНСС)
Keywords: efficiency; approaches; analysis; evaluation; methodology
Summary/Abstract: The issue of enterprise’s business efficiency is topical at all stages and phases of their development. Efficiency indicators may be classified as follows: indicators for efficiency of use of resources; indicators for efficiency of income and expenses; turnover indicators; rate of return indicators. Enterprise’s business efficiency may be analyzed and evaluated by applying varied approaches and models of analysis. These are the accounting (traditional) approach based on accounting information, the financial approach – based on the cost assessment of business, and the management approach based on themission, vision and strategy of the enterprise. Different approaches use different metrics and analysis models as well as different sources of information. The resultative analytical information meets theinformation needs of varied users. This publication highlights the approaches to the enterprise’s business efficiency analysis. Since business efficiency is a complex concept, one can successfully use the accounting, financial and management approach, whereas each of them allows analyzing and evaluating the enterprise’s business efficiency from different perspective. Thus, financial management can obtainobjective information in various fields and to use it for making proper and justified decisions for the enterprise’s development and for its financial and investment policy in operational and strategic aspect.The subject matter of the publication covers the accounting approach for analysis of business efficiency.The work is aimed at demonstrating the need of use and the importance and usefulness of the accounting approach for analysis and evaluation of enterprise’s business efficiency.

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