FINANCIAL ANALYSIS COLOMBIA

Financial Analysis

Description of the service

Financial analysis is a study based on the accounting information of the entity, using financial indicators and other mathematical ratios. The accountancy is an important and indispensable tool needed in every organization which reflects the economic reality and financial situation of the company, so that it is necessary to collect, interpret and analyze this information in order to understand in depth the behavior of company resources, and its profitability history.

The accounting and financial information does not shows many issues unless it is interpreted, and that is where the need for financial analysis arises.

The financial analysis makes the accountancy helpful when taking important decisions in organizations, if accounting is not read it does not say anything, and less for a manager with little knowledge of accounting, then the financial analysis is essential  for accounting accomplish the most important objective for which it was devised; serve as a basis for decision -making purpose .

Each component part of a financial statement has meaning and purpose within the accounting and financial structure of the company, which must be identified and, if possible, quantified.

Knowing the situation in which the company is located , whether good or bad, allows a firm to project clear and objective strategic solutions or alternatives to settle the problems evidenced , and to devise strategies to draw on the positive aspects .

Without proper and accurate financial analysis, it is not possible to make a clear evaluation about the financial situation of the company, neither to take the corrective and preventive maintenance necessary for the proper functioning of financial undertakings.

Many business problems can be anticipated timely interpreting accounting information, this reflects every negative or positive aspect that goes presenting the company to the extent that economic events are happening.

There are a number of financial indicators for a complete analysis of a company, many of these indicators are useless applied individually, so it is necessary to use several of them in order to make a comprehensive study covering all aspects and elements of the financial reality of every business.

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