Ratio analysis specifics of the family dairies' financial statements

Abstract

The subject of this paper is the evaluation of the financial analysis specifics of the dairy enterprises with a focus on the implementation of the ratio analysis of financial statements. The ratio analysis is a central part of financial analysis, since it is based on investigating the relationship between logically related items in the financial statements to assess the financial position of the observed enterprise and its earning capacity. Speaking about the reporting of financial performance in family dairies, the basis is created for displaying techniques of financial analysis, with a special indication on the specifics of their application in agricultural enterprises focusing on companies engaged in dairying. Applied in the paper is ratio analysis on the example of a dairy enterprise, i.e. a family dairy operating in Serbia. The ratio indicators are the basis for identifying relationships based on which by comparing the actual performance and certain business standards differences or variations are identified.

The efficiency analysis in small wineries in the Republic of Serbia

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Subsequent measurement of property, plant and equipment in hotel companies in the Republic of Serbia and the Republic of Croatia

“…Accounting information plays a key role in decision making in the business world (Mamić Sačer & Zyznarska-Dworczak, 2020). As the most important products of the company's accounting function financial statements are the main source of this information (Mitrović et al, 2015;Vasilev et al, 2019). Measurement (valuation) of the financial statements positions is one of the key problems in preparation of financial statements (Procházka, 2011).…”

Financial Performance Measuring of a Hotel Company - Case Study

“…As Krstić & Sekulić (2013) point out, the reason for measuring performance can be found in the fact that it is not possible to manage what cannot be measured, and it should help in managing business activities. Performance measurement is very important for all companies, especially when they operate in conditions of fierce competition and increased risk (Knežević, 2019), whereat, Mitrović et al (2013) indicate that performance measurement should be performed every year to determine the financial progress of the observed enterprise.…”