The Importance of Performance Appraisal in the Financial Analyses Impercal study in Almusf of Company for the year 1994 to 1996

Abstract

Financial statements are considered as historical records in addition to being static records as long as they reflect on the events of one period of time despite the fact that the users of financial statements are interested in the direction of events during several periods of time and this is based on the analysis of financial statements and lists, which gives a single period of limited value. Therefore, in this research study will be financial statements for three years as can be judged on the performance of the company better and therefore find that there is research to improve the circulation and by the liquidity ratio of the fast three years, but we believe that there is a decrease in the rate of rotation of the fixed assets and this indicates a lack of efficiency of the company the use of fixed assets, or that it is there when needed plus investment in fixed assets. Thus, the total asset turnover rate, either with regard to the proportion of net profit after tax, we believe there is a decrease, which proves that the high costs and declining revenues, as well as the revenue decline in the rate of force and the rate of return to the right of ownership and this indicates a lack of efficiency in the management of the company's investments. Looking at the results of the analysis of opinion of the budget we can see that the items of stock, debtors, cash, up significantly and that the company was criticized as incompetent and unable to exploit and invest these funds back to the projects in line with the company further. By examining the results of the analysis of the vertical list of the view that the revenue income of this activity for years, taking the decline. As for the horizontal analysis of the budget for years to study the view that there is an increase in the items of machinery, buildings, and a decrease in liabilities and property in 1996. We believe in the horizontal analysis of the list of income that there is a significant decrease in net income before tax and this is due to the substantial increase in other expenses