Future development of financial analysis in organizations (a discussion paper)

The development prospects of financial analysis are discussed in the context of organization forms as well as the subject, scope and methodical assumptions of finan-cial analysis in an enterprise. It has been shown that the development of market economy has created the need for elaboration of new methodological foundations or modification of the existing ones, also for other forms of organization than enter-prises, banks and insurers. In the case of enterprises financial analysis development prospects are today determined by the management of enterprise value, which re-quires strategic as well as operating financial analysis supplemented by an enter-prise's rating on the capital market.Other important factors defining future development of financial analysis in-clude accessibility of information and its level of detail. It has also been shown that it is possible to eliminate the divergence between the scope and subject of external and internal analysis, but only in large companies.