Application of basic regulations of national standards in accounting and financial statements for disclosure of the essence of financial health of an entity

Abstract

The economic analysis of financial health of a business entity should be performed based on its financial and economic performance data flows, including but not limited to the data in its financial statements. The financial statements are a key tool of market relations providing every market player (user) with the relevant financial information. The efficiency of the economic analysis of financial health is subject to completeness, materiality and quality of the information being used.