Use of Statistical Methods as an Educational Tool in the Financial Management of Enterprises in the Implementation of International Financial Reporting Standards
Journal: TEM JOURNAL - Technology, Education, Management, Informatics (Vol.8, No. 3)Publication Date: 2019-08-31
Authors : Jozef Lukač Magdalena Freňaková Eva Manová Jana Simonidesová Naqib Daneshjo;
Page : 819-826
Keywords : cluster analysis; IAS; IFRS; financial performance; financial indicators;
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.
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Last modified: 2019-09-01 20:49:52