Automotive industry in the Czech Republic is important and highly monitored. The reason for this is mainly the fact that the automotive industry contributes significantly to the formation of GDP, according to Ministry of Industry and Trade (MIT, 2015) 15% long-term profit is made in the automotive sector....

The main purpose of this paper is to evaluate and compare a financial performance of Czech sugar refineries within a period 2010-2013. Due to the availability of financial statements for the requested periods were analysed following public limited companies - Cukrovar Vrb tky, Tereos TTD, Litovelsk ...

External auditors' ability to detect profit manipulations in the financial statements is limited. Non conformity with Benford's law gives indication of the risk that a data set contains fraud, but it does not give information which items are manipulated. Knowing profit and other financial targets set...

It is known that the financial statements are the subject of falsification. Risk assessment of possible falsification is a complex and urgent problem, which concerns a large number of scientific studies that use in modeling a variety of information contained in the financial statements. This paper presents...

The paper is methodologically based on measurement matrices by E.O. Edwards - F.V. Bell and Y. V. Sokolov - V. Y. Sokolov. The authors carry out a comparative analysis of time-factor measurement matrices of American and Russian researchers. The analysis shows that the major difference lays in use of...

The paper considers whether and how Estonian companies use and analyze the profitability measures. On the one hand, profitability measures should be a central component of the management control systems, but on the other hand, they should be linked to the wealth measurement objective. In this context,...

The supermarket industry in Estonia plays a significant role in gross domestic product (GDP) growth, as it constituted approximately 43% of total retail trade in 2015 and growth amounted to 36% during the period of 2010-2015. At the same time, the growth of shopping gross leasable area (GLA) in Estonia...

Previous studies suggest that the customer size and range have implications for the company's performance. In this paper, we investigate the impact of customer concentration on a firm's performance in the framework of healthcare companies. The base of this paper is the questionnaire data of the private...

Investments are one of the most essential drivers of economic growth; without the investments no economic processes are possible. In this respect, not only investments in development projects of national significance, entrepreneurship and infrastructure but also in promoting the wellbeing of every individual...

Since development in 1968, Altman's Z-score has been widely used to judge the risk of financial failure by companies in various countries, industries, and time-periods. The purpose of this paper is to apply Altman's Z-score model for bankruptcy prediction on the three listed Lithuanian agricultural companies....

The subject taken up in the article is the reporting obligations of companies trading their shares in the alternative trading system operated by the Warsaw Stock Exchange. The objective of the study, the results of which have been presented in this article, was the identification of the type of reporting...

In recent decades, the organization, administration and functioning of the methodology of accounting systems and analysis are under significant changes. In particular, the introduction of the American model of administrative and methodological management in the area of accounting is becoming a worldwide...

In the last thirty years set of financial and non-financial indicators to measure the companies' health and prospects of grow rapidly. Reporting expands and changes in the direction of the introduction of non-financial information. Integrated reporting is seen as a necessary form of presentation of information...

The objective of the study is to determine the financial and non-financial indicators which describe the financial difficulties encountered by Estonian municipalities and to prepare a model to predict the risk of encountering financial difficulties. In order to achieve the objective, the study employs...

Currently, the issues of insolvency and optimal financial situation of companies become increasingly topical. Simultaneously the company's crisis management with all its elements, including crisis diagnostics, have not been sufficiently studied yet. The object of the research is company's financial crisis...