International standard of business analysis: theoreticaland methodologicalbasis for justification of management decisions

Abstract

The article examines the potential of the theoretical and methodological basis of the international standard of business analysis in improving the quality of analytical work, substantiating possible management decisions. Attention is focused on the need to include the information base in the components of the business analysis process, and the definition of needs, which is in the standard after making changes, would be appropriate to present at the initial stage of the analytical work with further adjustment at the final stage.
The matrix approach of the study of the recommended methods of analysis showed that the maximum result falls on the "Acceptance and Evaluation Criteria". It is argued that a system of generalizing and partial indicators is formed based on the criterion. This logical sequence is important for the methodological content of the recommended method of business analysis.The solution to this issue directly involves the mandatory unification of analytical indicators according to the calculation formula, name and recommended value (minimum, average, maximum value). It is especially important to differentiate them by industry, taking into account the technical and economic features of business.
The need to expand the scope of the use of financial analysis tools in business analysis and the consistency of ISBA with IFRS, ISA and Global Internal Audit Standards has been proven.