Financial Engineering
E-ISSN: 2945-1140
Volume 1, 2023
Financial Analysis of the Construction Company's Product Quality Management System
Authors: , , , , ,
Abstract: This scientific study considers the issues of financial analysis of the construction company's products quality management system. The functioning of this system is of great importance in the activities of a construction company, since the quality of products is one of the main evaluation criteria of its activities; therefore, the analysis of the financial component of this system is of primary importance in terms of evaluating the final quality of construction products. The relevance of the subject matter is determined by the need for a thorough study of the features of the functioning of construction enterprises in terms of the financial component of the activity of the quality management system of manufactured products in order to create effective control tools and improve various aspects of their activities. The purpose of this study is to identify the main aspects that affect the financial performance of construction companies in terms of trends in improving the quality of products. The leading approach in this study is a combination of a system analysis of the features of the functioning of enterprises in the construction sector with an analytical study of the financial component of the activities of enterprises in the construction sector in the context of the functioning of the product quality management system of these companies. The main results obtained in the course of this study should be considered an assessment of the economic efficiency of the activities of the construction organisations selected as an example of quality management systems in Almaty, as well as a statement of differences in the activities of the construction companies selected for the analysis of quality management systems. The applied value of this study is determined by the possibility of practical application of the results obtained in the course of it to develop optimal criteria for assessing the quality of the functioning of the quality management system of a construction organisation in the context of the financial aspect of its activities.
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Keywords: return on assets, construction business, quality audit, production costs, economic efficiency
Pages: 194-205
DOI: 10.37394/232032.2023.1.19