Iryna Spilnyk, Olha Zahorodna


Introduction. The analysis of the enterprise’s cash flow statement is invaluable for external users (owners, investors, lenders, partners) as a reason to substantiate the investment and financial decisions, evidence of the business partnerships reliability, and for most of the management when evaluating the level of efficiency, of its economic feasibility confirmation or refutation of the chosen financial management strategy and tactics. Methods. The dialectical method of cognition, a comprehensive systematic approach to the object of study, general scientific methods, special (horizontal, vertical, coefficient and factor) analysis procedures, abstract and logical method for theoretical generalizations and drawing conclusions are applied in the article. Results. The method of comprehensive analysis of cash flows according to financial statements is developed and tested. An economic interpretation of the analysis results is proposed. Discussion. Application of the proposed methodology for cash flows analyzing relevant in assessing the financial condition of different subjects and significantly enhances the awareness of financial statements users in making their decisions.


Spilnyk, I., & Zahorodna, O. (2017). Enterprise’S Cash Flows: Comprehensive Analysis According to the Financial Statements. The Institute of Accounting, Control and Analysis in the Globalization Circumstances, (1-2), 67–85. doi: 10.35774/ibo2017.01.067


cash; cash flows; net cash flow; financial management; financial analysis; subjects of analysis; Financial Statements; Statement of Cash Flows; operational activity; investment, financial activities

Full Text:



Loth, Richard. Analyze Cash Flow The Easy Way - URL: http://www.investopedia.com/articles/stocks/07/easycashflow.asp

Why cash flow is the king? Retrivied from https://www.pinterest.com/pin/300756081349738667

Artyukh, I. Znachennya ta analiz hroshovykh koshtiv v umovakh rynkovoyi ekonomiky [Significance and analysis of money in a market economy]. Retrivied from http://www.nbuv.gov.ua/portal/Soc_Gum/Evu/2009_13/Artuh.pdf.

Brukhanskyy, R. F. (2012). Oblikova informatsiya u zabezpechenni pryynyattya efektyvnykh upravlinsʹkykh rishenʹ stratehichnoho kharakteru [The accounting information to ensure effective management decisions of strategic character] Innovatsiyna ekonomika, 8, 267-270.

Zahorodna, O. & Seredynsʹka, V. (2012). Operatyvne upravlinnya hroshovymy potokamy pidpryyemstva [Operational management by the enterprise cash flows]. Ekonomichnyy analiz, 10 (4), 100-104.

Nadtochiy, S. I. (2006). Koefitsiyentnyy analiz hroshovykh potokiv pidpryyemstva v aspekti upravlinnya nymy [Cash flows ratio analysis in terms of enterprise management]. Formuvannya rynkovykh vidnosyn v Ukrayini, 7 (62), 8-12.

Spilnyk, I. V. (2001). Analiz rukhu hroshovykh koshtiv u konteksti novoyi finansovoyi zvitnosti [Cash flows analysis within a new financial statement] Naukovi zapysky, 9, 19-24.

Spilnyk, I. V. (2017). Analiz hroshovykh potokiv pidpryyemstva za danymy finansovoyi zvitnosti pidpryyemstva: znachymistʹ, meta, zavdannya [Company cash flow analysis according to financial statements: the significance, purpose, objectives]. Ternopil, Krok, 138–140.

Spilnyk, I. V. & Zahorodna, O.M. (2012). Ekonomichnyy analiz [Economic analysis], Ternopil : TNEU.

Talakh, T. A. (2008). Osoblyvosti metodyky provedennya analizu ta optymizatsiyi hroshovykh potokiv pidpryyemstva [Peculiarities of company’s cash flow analysis methods and optimization]. Collection of scientific works LNTU, 5 (20), P.2, 247-260.

Fedorovych, R. V.; Zahorodna, O. M. & Seredynsʹka, V. M. (2001). Finansovyy analiz [Financial analysis] Ternopil : TANH.

Shkaraban, S. I.; Spilʹnyk, I. V. & Sheremeta, M. Y. (2009). Finansovyy analiz [Financial analysis] Ternopil : Ekonomichna dumka.

DOI: https://doi.org/10.35774/ibo2017.01.067


  • There are currently no refbacks.

Ліцензія Creative Commons"Scientific Club "SOPHUS"
State Agrarian and Egineering University in Podilya
Ternopil National Economic University