Financial CEMATT Method: a New Approach for Performance Assessment using Accounting Information

Abstract

The paper highlights the issue of accounting information as source for determining the financial position, with the customization on a case study in the clothing industry. This study provides an integrated approach to how the financial position can be determined by the financial CEMATT model for a case study based on 108 medium-sized companies selected according to their turnover in the clothing industry in Romania in 2014. The results of the study were encouraging, the most analyzed companies being within the area of financial balance; moreover, none of the companies analysed, in terms of financial diagnosis, wasn’t registered in the critical region, that lead a company to bankruptcy.