Assessing the financial condition of Lithuanian municipalities in rural regions

Laura Aidukienė, Kazlauskienė Vilma

Research output: Chapter in Book/Report/Conference proceedingConference contribution

Abstract

The article analyses the issue of the analysis and assessment of municipality’s financial condition that is relevant theoretically and practically. The relevance and importance of the analysis of municipality’s financial condition based on financial reports and other information show that regular and timely analysis can disclose strengths and weaknesses of the municipality’s financial management as well as highlight fiscal problems and provide the information necessary to make corrections. The aim of the research is to assess the financial condition of Lithuanian municipalities in rural regions. Ten financial ratios, which aim to analyse and assess the financial condition of Lithuanian municipalities in rural regions, are presented referring to literature and considering the peculiarities of the accountability of Lithuania’s public sector. In the research, it is possible to divide Lithuanian rural municipalities into three groups according to their level of rurality: municipalities of strong rurality, medium rurality and weak rurality. The research, which revealed the ability of Lithuanian municipalities on different level of rurality to cover their financial liabilities, their financial capacity to perform their functions, the ability to manage own assets, and financial autonomy, was performed referring to the consolidated financial reports of municipalities announced publicly and by applying the SPSS software.
Original languageEnglish
Title of host publicationECONOMIC SCIENCE FOR RURAL DEVELOPMENT: FINANCE AND TAXES - NEW DIMENSIONS IN THE DEVELOPMENT OF SOCIETY
Place of PublicationLatvia
PublisherLatvia University of Agriculture
Pages108-116
ISBN (Print)9789934846601
Publication statusPublished - 2014

Publication series

NameEconomic Science for Rural Development
PublisherLatvia University of Agriculture
Number33
ISSN (Print)1691-3078

Fingerprint

Financial condition
Municipalities
Rural regions
Rurality
Liability
Fiscal
Financial management
Autonomy
Assets
Public sector
Accountability
Financial ratios
Software

Keywords

  • Financial condition
  • Rural municipality
  • Ratio analysis

Cite this

Aidukienė, L., & Vilma, K. (2014). Assessing the financial condition of Lithuanian municipalities in rural regions. In ECONOMIC SCIENCE FOR RURAL DEVELOPMENT: FINANCE AND TAXES - NEW DIMENSIONS IN THE DEVELOPMENT OF SOCIETY (pp. 108-116). (Economic Science for Rural Development; No. 33). Latvia: Latvia University of Agriculture.

Assessing the financial condition of Lithuanian municipalities in rural regions. / Aidukienė, Laura; Vilma, Kazlauskienė.

ECONOMIC SCIENCE FOR RURAL DEVELOPMENT: FINANCE AND TAXES - NEW DIMENSIONS IN THE DEVELOPMENT OF SOCIETY. Latvia : Latvia University of Agriculture, 2014. p. 108-116 (Economic Science for Rural Development; No. 33).

Research output: Chapter in Book/Report/Conference proceedingConference contribution

Aidukienė, L & Vilma, K 2014, Assessing the financial condition of Lithuanian municipalities in rural regions. in ECONOMIC SCIENCE FOR RURAL DEVELOPMENT: FINANCE AND TAXES - NEW DIMENSIONS IN THE DEVELOPMENT OF SOCIETY. Economic Science for Rural Development, no. 33, Latvia University of Agriculture, Latvia, pp. 108-116.
Aidukienė L, Vilma K. Assessing the financial condition of Lithuanian municipalities in rural regions. In ECONOMIC SCIENCE FOR RURAL DEVELOPMENT: FINANCE AND TAXES - NEW DIMENSIONS IN THE DEVELOPMENT OF SOCIETY. Latvia: Latvia University of Agriculture. 2014. p. 108-116. (Economic Science for Rural Development; 33).
Aidukienė, Laura ; Vilma, Kazlauskienė. / Assessing the financial condition of Lithuanian municipalities in rural regions. ECONOMIC SCIENCE FOR RURAL DEVELOPMENT: FINANCE AND TAXES - NEW DIMENSIONS IN THE DEVELOPMENT OF SOCIETY. Latvia : Latvia University of Agriculture, 2014. pp. 108-116 (Economic Science for Rural Development; 33).
@inproceedings{93a7adf20a1549889fd28468a8b13675,
title = "Assessing the financial condition of Lithuanian municipalities in rural regions",
abstract = "The article analyses the issue of the analysis and assessment of municipality’s financial condition that is relevant theoretically and practically. The relevance and importance of the analysis of municipality’s financial condition based on financial reports and other information show that regular and timely analysis can disclose strengths and weaknesses of the municipality’s financial management as well as highlight fiscal problems and provide the information necessary to make corrections. The aim of the research is to assess the financial condition of Lithuanian municipalities in rural regions. Ten financial ratios, which aim to analyse and assess the financial condition of Lithuanian municipalities in rural regions, are presented referring to literature and considering the peculiarities of the accountability of Lithuania’s public sector. In the research, it is possible to divide Lithuanian rural municipalities into three groups according to their level of rurality: municipalities of strong rurality, medium rurality and weak rurality. The research, which revealed the ability of Lithuanian municipalities on different level of rurality to cover their financial liabilities, their financial capacity to perform their functions, the ability to manage own assets, and financial autonomy, was performed referring to the consolidated financial reports of municipalities announced publicly and by applying the SPSS software.",
keywords = "Financial condition, Rural municipality, Ratio analysis",
author = "Laura Aidukienė and Kazlauskienė Vilma",
year = "2014",
language = "English",
isbn = "9789934846601",
series = "Economic Science for Rural Development",
publisher = "Latvia University of Agriculture",
number = "33",
pages = "108--116",
booktitle = "ECONOMIC SCIENCE FOR RURAL DEVELOPMENT: FINANCE AND TAXES - NEW DIMENSIONS IN THE DEVELOPMENT OF SOCIETY",

}

TY - GEN

T1 - Assessing the financial condition of Lithuanian municipalities in rural regions

AU - Aidukienė, Laura

AU - Vilma, Kazlauskienė

PY - 2014

Y1 - 2014

N2 - The article analyses the issue of the analysis and assessment of municipality’s financial condition that is relevant theoretically and practically. The relevance and importance of the analysis of municipality’s financial condition based on financial reports and other information show that regular and timely analysis can disclose strengths and weaknesses of the municipality’s financial management as well as highlight fiscal problems and provide the information necessary to make corrections. The aim of the research is to assess the financial condition of Lithuanian municipalities in rural regions. Ten financial ratios, which aim to analyse and assess the financial condition of Lithuanian municipalities in rural regions, are presented referring to literature and considering the peculiarities of the accountability of Lithuania’s public sector. In the research, it is possible to divide Lithuanian rural municipalities into three groups according to their level of rurality: municipalities of strong rurality, medium rurality and weak rurality. The research, which revealed the ability of Lithuanian municipalities on different level of rurality to cover their financial liabilities, their financial capacity to perform their functions, the ability to manage own assets, and financial autonomy, was performed referring to the consolidated financial reports of municipalities announced publicly and by applying the SPSS software.

AB - The article analyses the issue of the analysis and assessment of municipality’s financial condition that is relevant theoretically and practically. The relevance and importance of the analysis of municipality’s financial condition based on financial reports and other information show that regular and timely analysis can disclose strengths and weaknesses of the municipality’s financial management as well as highlight fiscal problems and provide the information necessary to make corrections. The aim of the research is to assess the financial condition of Lithuanian municipalities in rural regions. Ten financial ratios, which aim to analyse and assess the financial condition of Lithuanian municipalities in rural regions, are presented referring to literature and considering the peculiarities of the accountability of Lithuania’s public sector. In the research, it is possible to divide Lithuanian rural municipalities into three groups according to their level of rurality: municipalities of strong rurality, medium rurality and weak rurality. The research, which revealed the ability of Lithuanian municipalities on different level of rurality to cover their financial liabilities, their financial capacity to perform their functions, the ability to manage own assets, and financial autonomy, was performed referring to the consolidated financial reports of municipalities announced publicly and by applying the SPSS software.

KW - Financial condition

KW - Rural municipality

KW - Ratio analysis

M3 - Conference contribution

SN - 9789934846601

T3 - Economic Science for Rural Development

SP - 108

EP - 116

BT - ECONOMIC SCIENCE FOR RURAL DEVELOPMENT: FINANCE AND TAXES - NEW DIMENSIONS IN THE DEVELOPMENT OF SOCIETY

PB - Latvia University of Agriculture

CY - Latvia

ER -