Financial management
Basic Financial concepts
Financial Analysis
Working Capital Management
Decision Making
Specific objectives
That the participant understands the concepts of risk, performance and value.
That the participant understands the concept of operating leverage.
That the Participant knows the generalities and use of the calculation of the money in the time
That the participant understands the concept of financial leverage.
Specific objectives
Specific objectives
Specific objectives
Temporary value of the Money
Almost all the financial decisions, both personal and business, they include considerations on the value of the money in the time.
Interest rates:
Allows us to adjust the value of the cash flows provided that occur at a particular point in time.
Risk, Performance and Value
The yield of maintaining an investment during some period, let's say one year, it is equal to any payment of cash received due to the property, more the change in the price of market, divided between the initial price.
for example
, You could buy a value of $100 you pay $ 7 in cash and will be worth $ 106 a year later.
Operating leverage
The leverage of operation or operational is present whenever a company has fixed costs of operation - without considering the volume.
Financial leverage
The financial leverage involves the use of financing of fixed cost.
The financial leverage is used with the hope of increasing performance to the holders of common actions.
That the Participant dominate the presentation graphics as support for decision-making.
That the Participant dominate the correlation of financial statements as support for decision-making.
That the Participant dominate the programming of index as support for decision-making.
That the Participant dominate the preparation of summaries as support for decision-making.
Index scheduling
Correlation of Financial Statements
summary
Graphics presentation
Sirven también para conocer aspectos como:
Increases and decreases in the heritage,
The assets and financial situation of the company,
The evolution of the company,
The chart, diagram or as name this form of graphical expression is perhaps the auxiliary more valuable and used to express statistical data.
The charts or diagrams have several forms of presentation
By using areas or surfaces, such as circles, squares, triangles or rectangles
Using volumes, is used to do this cubes or areas
By lines that can be continuous, columns or bars,
graphic components
scale
Grid or reticle
Coordinates system
fountain
The basic needs of control require the books of accounts and financial statements:
The largest and the Seniors ancillary.
balance
The newspaper and the auxiliary newspapers.
The results accounts.
The financial administration is interested in the acquisition, financing and management of assets, with a global goal in mind.
That the participant understands the basic administration of accounts receivable.
That the participant understands the basic management of cash and marketable securities.
That the participant understands the basic management of short-term financing.
That the participant understands the basic administration of accounts receivable.
Cash and Negotiable Values
When approving a bank loan, the contract is executed by signing a promissory note.
The promissory note specifies
The reimbursement program, which may require a cumulative sum a series of payments
Any warranty that may need to be provided as collateral for the loan
The amount requested on loan
Accounts Receivable
The term receivable means, the promise of the customer to pay with money the amount that i was charged for goods or services, at a future date.
The business acquires an account receivable when sold to various goods or services, to credit.
Generally, the business this promise is expressed with the amount of cash that will be charged within the next 30 days
inventory
Available goods that represent the products that will be sold to customers.
Short-term financing
The short-term credit is defined as any liabilities that originally have been programd to be settled at the end of a year.
There are numerous sources of short-term funds, and in the following sections we will describe the four main types
The accounts payable (commercial credit)
The bank loans and
Accrued Liabilities
The commercial paper
That the Participant dominate the general information of the State of results.
That the Participant dominate the source and application of funds.
That the Participant dominate the general information of the Balance Sheet.
That the participant to know the principles for the calculation and interpretation of financial reasons.
Balance general
Result Status
We know that the balance sheet is structured in two part active and passive.
Source and Application of Funds
Financial reasons
Liabilities represents the means of financing available to the company, both own and third party, while the active indicates in which goods and rights have been invested such means.
When comparing two financial elements we can find two types of different assessments
A good profitability situation can be a guarantee of future solvencias, even more significant that a good current capital adequacy ratio.
As we have already said, the balance sheets of a company are, from the point of view of information, an eminently static
Types of reasons financial
General Balance reasons
Dynamic reasons and reasons estaticodinamicas
One of the frequently used tools to make these checks is a financial reason or index, which relates between if two elements of financial information by dividing a quantity between the other.
The second method of comparison involves comparing the reasons for a company with those of similar companies or with averages of the industry in the same moment in time.