Use of Statistical Methods as an Educational Tool in the Financial Management of Enterprises in the Implementation of International Financial Reporting Standards
Use of Statistical Methods as an Educational Tool in the Financial Management of Enterprises in the Implementation of International Financial Reporting Standards
Author(s): Jozef Lukáč, Magdaléna Freňáková, Eva Manová, Jana Simonidesová, Naqib DaneshjoSubject(s): Business Economy / Management
Published by: UIKTEN - Association for Information Communication Technology Education and Science
Keywords: cluster analysis; IAS; IFRS; financial performance; financial indicators
Summary/Abstract: Enterprises that use the international IFRS system usually operate primarily as domestic businesses abroad and this accounting system makes it easier for them to present their financial statements to their partners from abroad. The aim of the paper is to determine clusters for enterprises that report according to IAS / IFRS using statistical analysis - cluster analysis. Also its aim is to prove the possibility of using cluster analysis for accounting data in order to improve management decision-making in financial management issues.
Journal: TEM Journal
- Issue Year: 8/2019
- Issue No: 3
- Page Range: 819-826
- Page Count: 8
- Language: English