Suchergebnisse

El análisis financiero a través de ratios es una herramienta útil para mejorar el desempeño de las organizaciones. Las bases de datos de información financiera en México son limitadas de ahí la propuesta de una publicación anual de ratios financieros por empresa y promedio sectorial. Los objetivos de este trabajo de investigación son: describir los ratios financieros ideales con mayor potencial predictivo y sus fórmulas, así como el diseño de un instrumento de investigación para medir la pertinencia de la publicación mencionada. Se aplicó la metodología descriptiva, por lo que, se seleccionaron con base en el análisis de estudios empíricos, los diversos ratios ideales de liquidez, endeudamiento, gestión de activos, ciclo económico, rendimiento y capacidad de autofinanciación. El cuestionario que se presenta contiene 43 reactivos que será aplicado a una muestra representativa estadísticamente de 46 empresarios en Culiacán, Sinaloa, México.

Presentación / Joan B. Casas -- Introducción / Oriol Amat y Modest Guinjoan -- Posicionamiento de una Cataluña independiente en el contexto internacional / Oriol Martínez Alòs-Moner y Vicent Pastor -- Seis comentarios sobre la viabilidad de la independencia y dos aclaraciones previas / Antoni Castells -- Cataluña y la Unión Europea / Francesc Granell -- Dentro y fuera de la Unión Europea. Lo que ya se ha dicho / Miquel Puig -- Estado propio y Euro / Jordi Galí -- Dentro o fuera del euro: certezas e incertidumbres / Miquel Puig -- Sistema financiero de la Cataluña independiente / Anton Gasol y Xavier Segura -- Estructuras de estado e impacto en la ocupación / Josep Pedrol -- Recaudación y gasto público / Núria Bosch y Marta Espasa -- Endeudamiento y reparto de activos / Daniel Ros y Roger Fatjó -- Las pensiones en una Cataluña independiente / Núria Bosch y Marta Espasa -- Independencia y boicot / Xavier Cuadras Morató y Modest Guinjoan -- Impacto en el número de empresas y multinacionales / Francesc Raventós -- Impacto de una Cataluña independiente: la opinión de los economistas / Àngel Hermosilla -- Conclusiones: certezas económicas e interrogantes políticos / Oriol Amat y Modest Guinjoan

States that the Chinese market stands out both for its size and its record of growth. A growing literature identifies a wide range of challenges that must be confronted to launch a successful joint venture. Explores this literature and reports on how one medium‐sized European company, Nutrexpa SA, has successfully set up and developed a joint venture in China.

Company financial managers, when confronted with a change in
accounting regulations, may face a change in their economic environment
as a result of the reaction of users to the reported accounting
information. In 1990 a requirement for lessees to capitalize finance
leases was introduced in Spain. Reports the results of a survey in Spain
of two key groups, company financial managers and bank financial
analysts. The study concludes that leasing companies successfully
lobbied for changes in the accounting rules which actually proved
adverse to their economic interests; and company managers and bank
analysts misunderstand each other′s reactions to the capitalization of
finance leases. Indicates that managers can benefit from studying
research on economic impact issues before determining their own
response.

In 1990 a new Spanish 'Plan General de Contabilidad' (PGC) implemented the requirements of the EU 4th and 7th Directives in Spain. Included in the PGC is the requirement, derived from the 4th Directive, that accounts should present a 'true and fair view', in Spanish 'imagen fiel'. Where the term has been used in English speaking jurisdictions it has proved to have a variety of shades of meaning, and to have had strikingly different impact in different countries. Within the European Union the term has been seen as a 'Trojan horse', inserted into the 4th Directive to inject an Anglo-Saxon approach of flexibility and judgement dependent accounting into a Continental European accounting tradition of detailed prescription and uniformity. In this paper we report on a survey of the views and experience of Spanish auditors relating to 'imagen fiel'. Specifically, we: 1) Review the English language literature on 'true and fair view' to identify the key areas of controversy. 2) Consider the significance of the 'true and fair view' within the EU 4th Directive. 3) Report on the experience of Spanish auditors in working with this concept, their views on the value of the term, and their experience in use of the true and fair view 'override'.