Open AccessEvaluating the Financial Performance of Organizations Using Vertical and Horizontal Analysis
Author(s) -
Amer Rashid Antayed,
Ibrahim Ibrahim Tayeh
Publication year - 2017
Publication title -
mağallaẗ al-ʿulūm al-idāriyyaẗ al-ʿirāqiyyaẗ
Language(s) - English
Resource type - Journals
ISSN - 2520-5080
DOI - 10.33013/iqasj.v1n2y2017.pp511-528
Subject(s) - business , order (exchange) , finance , horizontal and vertical , process (computing) , production (economics) , financial analysis , actuarial science , economics , computer science , geodesy , macroeconomics , geography , operating system
Insurance plays a major role in economic development by mobilizing savings and investing in various fields, which contributes to the financing of development plans, the preservation of property and the means of production, the dissemination and development of means to prevent accidents, reduce their occurrence and reduce the resulting losses. In order to maintain its performance, the company is required to monitor its financial performance through its continuous evaluation using several methods, most notably financial analysis and its various methods and tools. The objective of the research is to evaluate the financial performance of the National Insurance Company by using vertical and horizontal financial analysis for the period 2010-2015. The results of the analysis led to a number of conclusions and recommendations. A rise in the proportion of expenses of the insurance process, the need to review the centers of the cost of the insurance process to find out the reasons for the increase in them.