Information System for Analyzing Financial Reports of Energy Companies
Information System for Analyzing Financial Reports of Energy Companies

Summary/Abstract: The paper entitled “Information System for Analyzing Financial Reports of Energy Companies” presents an accounting information system and an information subsystem for analyzing financial reports on the operations of energy companies. The purpose and objectives of the process within the information system for analyzing financial reports are described. The data flows in the accounting process and the so-called general ledger module are described in detail. The activities of compiling and preparing financial reports in companies are mentioned. It is stated how the general ledger module functions and what characteristics the module for analyzing financial reports on the operations of energy companies must have. The paper will present indicators of the company’s business success using line graphs and coefficients: (1) Indebtedness, (2) Cost-effectiveness of the company’s overall operations, (3) Cost-effectiveness of sales, (4) Financing, (5) Own financing, (6) Current liquidity, and (7) Accelerated liquidity based on the financial statements of the balance sheet and profit and loss account and notes related to the financial statements. The significance of the findings during the analysis of financial statements is reflected in the information that emerged from the analysis process with the aim of making decisions easier and simpler for the company’s management and owners, who make up the company’s assembly and thus represent an interest and influential group for business, which is of course connected to the company because it ultimately receives profit from it as a result of the entire business.

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