Articles Tagged ‘Business’
Jhonny Zambrano is a credit analyst at a microfinance institution - MFI. New to the job. Entered less than a year after finishing college. Get the job was not difficult. The post did not require previous work experience, by the shortage of skilled personnel in the field. For several years the number of MFIs in the market has grown steadily. Not so the labor supply of trained personnel. Situation that had triggered the conflict of different MFIs to capture the little experienced and caused a strong migration from lower-paid MI (mainly Municipal Savings and Credit Unions) made the best-paying entities (mainly banks ), who preferred this to having to train new staff and assume the errors and horrors of their learning curve. The offer in the microfinance market were banks (specialized or through specialized units), Municipal Building (CMAC), rural banks (CRAC), Financial Edpymes, Savings and Credit Cooperatives (CAC) and nongovernmental organizations (NGOs). Competition between them w...
Prudent management is one that measures the risk of turning the business that is, taking the actions to neutralize in a timely manner. Unlike the uncertainty which cannot be predicted by not having information or knowledge of the future, the risks can be distinguished by being "visible" and can minimize their effects. CLASSIFICATION OF RISKS A. CREDIT RISK Are perhaps the most important because they affect the main asset: the account placements. A liberal policy of approving loans have generated excessive levels of liquidity, and high uptake bullrings, or a relaxation of the requirement for assessing the creditworthiness customers, resulting in a high delinquency, so we must be careful about said "in good times make bad loans." B. MARKET RISKS Occurs due to unexpected changes in prices of trading instruments. Every day, many businesses are closed and others have success. It is entrepreneurship and management which will see the future and to choose successful products to mainta...
In the present work shows an analysis of the literature and other sources in order to clarify the main conceptual issues involved in research that takes as its object of study costs. Costs are defined from the standpoint of ancient, given by classical and from the current view and the approaches taken by different authors in the context of corporate accounting, as important elements for business excellence and quality. 1.1 Cost Accounting Cost accounting is part of the accounting system and provides information for both financial accounting (preparation of income statements) and to management accounting (calculation of equilibrium points, contribution margins, budgets, etc.). Cost accounting is the subsystem that identifies, measures, processes and communicating objective information about the cost of producing goods or providing a service. Some of the objectives of cost accounting are: • Determine the cost of producing goods or providing a service. • Establish a managemen...
In a globalized world we live in, we cannot compare, and we measure ourselves against the competition with the commercial sector to which we belong, or simply with past periods, it is indispensable to use financial indicators to inform us about the liquidity , debt, profitability and business activity, therefore am available this material and the application of a practical case, that will serve managers for corporate management. FINANCIAL RATIOS The new leadership style that assumes the finance business improvement, has created the foundation for companies to develop an organized way all the changes necessary to enable efficient management, economical and effective, through financial indicators. During the process of analyzing financial statements provides a diverse range of possibilities to meet the objectives undertaken to plan and carry out the task of evaluation. The analyst may choose, then, the tools that best meet the intended purpose, within which are the following: 1. ...
No matter how great the company or the activity that is engaged, or possesses such antiquity, is always subject to slip into a financial instability marked by the insolvency and liquidity, all product in many cases of bad financial policies, but most of the opportunities created by serious strategic mistakes or the accumulation of errors both in financial and productive, commercial and administrative. The current situation in the world, characterized by a very strong global competition, sharp and sudden economic and financial changes that generate large changes in the value of currencies and interest rates, important changes in the prices of raw materials, and continuous changes in tastes and preferences of consumers, resulting in firms having to do constant monitoring of your financial situation. Precisely the objective of our work is to analyze the financial situation of Company X in the first quarter of 2006 and 2007 based on the ratio pyramids and the analysis of working capita...