Record Details

The New Role Of The Going Concern Concept In Corporate Finance Management

Research Journal of Economics, Business and ICT

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Field Value
 
Title The New Role Of The Going Concern Concept In Corporate Finance Management
 
Creator Cernius, Gintaras; Mykolas Romeris University, Vilnius
 
Subject —
Corporate Finance, Management Objective, Going Concern
G32, G39
 
Description This paper tackles different issues related to the development of the system of the objectives of a company's financial management that also includes its sustainability. Prior to the recent financial crisis the formulation of the corporate finance management objective focused only on the company’s finances that were reported and measured using the company's profit and its worth growth ratios. The financial crisis has highlighted an additional aspect in corporate management, i.e., a need for the company, as an object of the owners' investment, to generate the economic benefit for a prolonged period of time. For the purpose of formulation of the corporate financial management objective it is appropriate to refer not to a single objective or a set of same-level objectives; a much more expedient approach is a creation of the so-called objective tree integrating the requirements of the entity's going concern. The present article analyses certain factors affecting the financial performance of a company, discusses different ratios facilitating the quantitative effect of the factors upon the final results, and practically applies the management by interference model with a view to ensuring the operations of the company for a sufficiently long time
 
Publisher English Time Schools & Overseas Education
 
Contributor —
 
Date 2012-09-01
 
Type info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion
Peer-reviewed Article
 
Format application/pdf
 
Identifier http://ojs.journals.cz/index.php/RJEBI/article/view/233
 
Source Research Journal of Economics, Business and ICT; Vol 6 (2012)
2047-7848
2045-3345
 
Language eng
 
Relation http://ojs.journals.cz/index.php/RJEBI/article/view/233/237
 
Rights Copyright (c) 2012 Gintaras Cernius
https://creativecommons.org/licenses/by/3.0/