EIRP Proceedings, Vol 2 (2007)

Abstract

Financial analysis is the discipline that applies analitical instruments to financial statements and to
other financial data, in order to offer a consequent interpretation of economical tendencies and inter-relations.
The major international orientations in accounting developed two different views in financial analysis: anglosaxon
and continental. The financial rates used by these trends are different and extremely diverse.
Financial analists use a great variety of rates to clasify risc and performance: liquidity, solvability,
operating eficiency, economic growth, profitability. These rates make no sense used individually, but combined
in comparative analysis. Comparisons in time are the basis for forecasts, making possible tendencies estimations
for the studied phenomenon.