Open AccessExamination of the Notes to the financial statement through the example of enterprises engaged in sports activities
Author(s) -
Veronika Fenyves,
Dóra Kerezsi,
Éva Bácsné Bába,
Krisztina Dajnoki,
Zoltán Bács,
Tibor Tarnóczi
Publication year - 2020
Publication title -
economica
Language(s) - English
Resource type - Journals
eISSN - 2560-2322
pISSN - 1585-6216
DOI - 10.47282/economica/2019/10/2/4089
Subject(s) - financial statement , financial statement analysis , balance sheet , statement (logic) , statement of changes in financial position , competitor analysis , income statement , accounting , profit (economics) , financial ratio , business , financial analysis , cash flow statement , accounting management , finance , marketing , accounting information system , economics , law , political science , audit , microeconomics , cash flow
In the globalized and accelerated world of our time, it is essential that enterprises have up-to-date information. Only a company that is in possession of the necessary information is able to meet the challenges of business life. One source of public information might be the annual statement prepared and published in accordance with the stipulations of Act C of 2000. The annual statement consists of three parts: the balance sheet, the profit and loss account and the notes to the financial statement. The text-based information of the notes to the financial statement are for the more accurate interpretation of numerical data. The notes to the financial statement of certain market participants (consumers, suppliers, competitors, etc.) might support efficient operation of companies, their proper decision-making and risk assessment. In present study, the notes to the financial statement of companies identifying sports activities (Hungarian NACE 931) as their primary activity were utilized. By means of text mining, it was examined what information these notes to the financial statement include from amongst the mandatory information required by the Accounting Act.