Open AccessThe use of accounting tools in the assessment of enterprise financing policy – debt and liquidity
Author(s) -
Łukasz Prysiński,
Wiktor Kołysko
Publication year - 2014
Publication title -
przedsiębiorczość i zarządzanie
Language(s) - English
Resource type - Journals
eISSN - 2543-8190
pISSN - 1733-2486
DOI - 10.2478/eam-2014-0006
Subject(s) - market liquidity , business , liquidity crisis , position (finance) , liquidity risk , financial ratio , finance , financial crisis , debt , financial system , financial analysis , accounting , economics , macroeconomics
The article is devoted to the use of accounting tools in the assessment of financial policy of enterprises in the financial crisis. The purpose of the article was to show the impact of financial structure on the financial liquidity of chosen similar firms. The study hypothesized that during financial crisis, a better financial position in terms of liquidity have firms, which limit the level of short - term liabilities in financing short - term assets. To verify the hypotheses, the analysis of documents (financial statements) and debt and liquidity ratios were used.