Indispensable Financial Statements for Performance Analysis of Business Activity

The basic idea of the research focuses towards a synthetic analysis regarding the risk of bankruptcy of firms in terms of current realities that characterize the competitive environment of global business. In essence, the research outlines the types of risks that inevitably threaten any company in its evolution during "n" years (macroeconomic vision and microeconomic vision respectively), focusing on accounting data at the level of economic entities. To support the theory put forward in the structure of the research, we included in the analysis the economic situation of the companies Antibiotics Iasi and Pharmaceutical Remedia. The statistics for the two companies show clearly the complexity of the problem on estimating the risk of failure of any company (for instance in the two cases it is shown that turnover follows a permanent upward trend for a decade or more, but profitability approaches zero, and yet the two companies have not gone bankrupt and have subsequently favorable periods of evolution). In other words, it takes several financial indicators accountants to diagnose the situation of the company at a time. Today, the knowledge society and / or the knowledge economy have become a kind of reporting vector for both business organizations and policy makers, opinion leaders and even every citizen. The so-called intangible assets of a company determine in an increasingly measure the market value of the company but are hardly reflected in the accounting entity.