Résumé:
This study aimed to highlight the importance of financial analysis and its role in
evaluating financial performance by using the method of analyzing change, trend and
method of financial ratios to obtain indicators that help in evaluating financial
performance to help users of financial statements in making rational decisions.
Within this framework, the researcher tested the following hypotheses:
* Financial statements representan adequate source of data used to conduct financial
analysis.
* Financial analysis lists help in a significant way in evaluating financial performance
for rational decision-making.
To test these hypotheses, the researcher analyzed the financial statements of the
Sudanese Company for Communications Ltd. for the period from the year 2000-
2004, using the method of directional analysis and the method of financial ratios. The
researcher also conducted an interview with the company's account official. The
study reached a number of results, the most important of which are: The different
financial reports complement each other and are considered one of the most
important sources that are used to conduct the financial analysis process for the
purpose of helping users of these lists in making rational decisions.
The financial statements, despite their importance, are historical, so this must be
taken into account when extracting the financial ratios on which the financial analysis
of the company is based. Financial analysis helps users to know and predict the
financial performance of companies and contribute to rational decision-making.
Among the most important recommendations of this study:
* The necessity to provide the financial statements to all beneficiaries in a timely
manner so that they can use them for financial analysis purposes.
* The need to extract quarterly audited financial statements to reduce the risk of
relying on historical financial statements for a full year.
