Abstract: in modern economic conditions of globalization and internationalization, financial management issues based on financial analysis of activities of the companies have become very important. For investors, creditors and, first of all, for the owners themselves, it is simply necessary to understand the mechanism of functioning of the firm and its versatile assessment.
The aim of the article is to review and apply accounting and financial approaches to the analysis of corporations for the LCC “Siemens”. To achieve the goal, a financial modeling method was used to calculate the effectiveness of the company using two methods.
The simulation results reflect the increase or decrease in the efficiency of the selected enterprise in terms of two approaches. As a conclusion, we can say that both accounting and financial are mandatory for use by each company interested in increasing its efficiency.
Keywords: accounting and financial approaches to the analysis of the corporation; economic value added; net cash flow; free cash flow