Accounting and Finance in AS Diena

Annual Reports to draw serious conclusions about the accounting system and finance in the firm.Diena Inese Janikovska and from the Annual Report 1997 of the company.The Latvian-Swedish joint-stock company AS Diena was founded in 1992.The main software accounting program used is Mac Hansa.Printed information of accounting actions is kept in the company’s archive.Difficulties also appear when making records for financial and tax accounting.In AS Diena’s case ROE is 69.83 % (table 1) .AS Diena has higher proportion of non-interest bearing debt, thus, its COD is lower.Equity is less important source of financing for AS Diena, so the difference in ROE occurs.Annual Report of AS Diena (1997) .