Articles Tagged ‘Economic’
The company's financial statements represent their economic status and are the main source of information with third parties about your performance, so it is vital to know the different types of states with the elements that characterize them. The financial statements reflect the full range of concepts of operation and functioning of enterprises, all information that should serve them appears to know all the resources, obligations, capital expenditures, revenues, costs and any changes that occurred in them out of the financial year, also to support the planning and business management, decision making, analysis and evaluation of managers to exercise control over domestic economic items and to help assess the impact this has on the external social factors. In Colombia, regulating the use of financial statements and their elements in Decree No. 2649 of 1993, the main objective of this paper is to show the main types of financial statements that ultimately are the main providers of i...
In the 80's, a massive presence of the informal sector of the economy characterized the underdevelopment of Latin America, and Peru was no exception, and on the contrary our economy was invaded at any moment by a multiplicity of small and micro enterprises engaged in various activities both productive of goods and services, all of which require adequate support credit. In this context, in May 1980 decree promulgating the Law 23039 which regulates the establishment and operation of the municipal savings and credit beyond the scope of Lima and Callao, whose goal was to be decentralized financial institutions geared to the attention of those segments population have no access to formal credit system. This document contains the results Economic - Financial derived by an enterprise of Financial Inter mediation "Micro Finance" at December 31, 2004 on the basis of data adjusted Trial Balance and statistical information of the institution and the system of municipal savings. Balance Shee...
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...
Credit according to the traditional concept, is defined as the right of the debtor's creditors receive anything, as you have confidence in the commitment to pay or return. From a legal standpoint, the claim by law, trade and economy is the right of a person called a creditor has to bind to another, the debtor to pay. In fact there are multiple concepts, but more suited to our times and from the financial point of view is that credit is a risk operation or transaction in which the creditor (lender) trust in exchange for a guarantee in the policy credit or debtor (borrower), with the assurance that the latter will in future with their obligations to repay the capital received (debt repayment) plus tacitly agreed interest (debt service) 2. TYPES OF CREDITS There are many types of loans, the most traditional in the financial system for commercial loans to micro entrepreneurs, consumer and mortgage loans. ? commercial credit. Are those direct or indirect loans granted to individuals...
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. ...