Importance Of Financial Discipline

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EXECUTIVE SUMMARY The main purpose of this project study is to identify the level of financial discipline of the company. The objective is to know the level of cost structure of the company, the level of income and expenditure and there by helps the company to know on what way the company is working. This study has been prepared by using the primary as well as secondary sources of information. The chief focus of the study is based on evaluating the financial performance of a company, identifying how the company is actually working and whether the actual performances are in accordance with the standard performance and in case of any deviations the purpose is to find suitable solution to overcome from the deviations. This study has prepared…show more content…
To find suitable solutions by which the company can overcome from the deviations. 6. The objective is to reduce the cost and increase the level of profit. 1.3 Importance of the study Evaluation plays a key role in comparing the actual from the expected. So it is very much necessary to evaluate the actual performance of a company and compare it with the expected performance. In this project, the study has been focused towards the evaluating the different financial performance of a company and how the company is performing. This study is very important because, when making the proper evaluation it is very much helpful for a company in identifying the actual financial performance of a company it can be compared with how it is deviated from the actual. By making the proper evaluation the study is focused on finding the gap that has been existed in financial performance of a company and how to fill this gap by taking and implementing the corrective actions and suitable measures. Thus, this study is primarily focused towards financial movement of a company, how it is performing if any deviations in the performance taking corrective steps in solving it. 1.4 Scope of the…show more content…
The study has used secondary sources for the purpose of the study. The primary criteria of this project is to evaluate the financial performance of a company, identifying how the company is actually working and whether the actual performances are in accordance with the standard performance and in case of any deviations the purpose is to find suitable solution to overcome from the deviations. Those different studies has been made by using the consolidated statement of comprehensive income and consolidated statement of financial positions and operating as well as current ratios are also used for the purpose of the

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