@conference{Kurochkina20193253258,
author = "I. Kurochkina and L. Mamatova and V. Kuritsyna",
abstract = "Consolidated financial reporting is an important source of information for strategic decision making. Not all stakeholders have access to company's internal data. Analytical procedures allow stakeholders to make a calculation from key indicators and give an adequate assessment of the company.
This article is devoted to the development of an universal method of rapid assessment of company's consolidated financial reporting, depended on the interests of stakeholders.The authors have developed algorithms for rapid assessment of consolidated financial reporting and methods for their further analysis.
The proposed algorithms include two stages. At the first stage, the analytical processing of the consolidated financial reporting is carried out. It consists of checking reporting for possible distortions. This procedure gives grounds for the transition to the second stage of the algorithm implementation. The second stage involves the calculation of the main indicators of the company depending on the interests of particular group users. It is proposed to calculate acriteria for the potential of a group of companies (financial stability, profitability and solvency) in the analysis of consolidated financial reporting from the position of shareholders and investors, the calculation of the integral indicator for 21 particular indicators is in the analysis of reporting from the position of competitors.
The proposed algorithms are tested on the example of the consolidated financial reporting of a group of companies operating in industries such as ferrous and non-ferrous metallurgy. The advantages and disadvantages of the proposed method are highlighted. Its use will enable stakeholders to obtain more complete and reliable information and minimize financial risks when they make strategic decisions.",
booktitle = "6th SWS International Scientific Conference on Social Sciences ISCSS 2019",
chapter = "SOCIAL SCIENCES: Section Economics and Finance",
doi = "10.5593/SWS.ISCSS.2019.1/S03.035",
isbn = "978-619-7408-91-1",
issn = "2682-9959",
keywords = "consolidated financial reporting; analytical procedures for assessing consolidated financial reporting; stakeholders; accuracy of information; criteria for the potential of a group of companies.",
month = "26 August – 1 September, 2019",
note = "6th SWS International Scientific Conference on Social Sciences ISCSS 2019, 26 August - 1 September, 2019",
number = "1",
organization = "Bulgarian Acad Sci; Acad Sci Czech Republ; Latvian Acad Sci; Polish Acad Sci; Russian Acad Sci; Serbian Acad Sci {\&} Arts; Slovak Acad Sci; Natl Acad Sci Ukraine; Natl Acad Sci Armenia; Sci Council Japan; World Acad Sci; European Acad Sci, Arts {\&} Letters; Ac",
pages = "253-258",
publisher = "STEF92 Technology",
series = "SWS International Scientific Conference on Social Sciences - ISCSS",
title = "{ANALYTICAL} {PROCEDURES} {IN} {THE} {EXPRESS} {EVALUATION} {OF} {CONSOLIDATED} {FINANCIAL} {REPORTING}",
type = "Proceedings Paper",
url = "https://www.sgemsocial.org/index.php/jresearch-article?citekey=Kurochkina20193253258",
volume = "6",
year = "2019",
}