Relevance of the Analysis of the Financial Statements for Business Decision-Making

Authors

  • Sandra Natalia Gallego Gomez Northern Catholic University Foundation
  • Orlando Carmelo Castellanos Polo Northern Catholic University Foundation

DOI:

https://doi.org/10.59890/ijaeam.v1i1.113

Keywords:

Business Decision Making, Financial Analysis, Methodologies

Abstract

The importance of the analysis of financial statements for business decision making will be determined, taking into account the financial indicators, to demonstrate which are the methodologies used to perform a financial analysis, in order to provide capabilities of opportunities that allow growth in the current situation due to the pandemic caused by the Covid-19

References

S,Carlos, R,Ronald, S,Alexandra, S,Carlos, M,Maria Teresa, ANALYSIS OF FINANCIAL STATEMENTS THE KEY TO MANAGEMENT BALANCE, Grupo COMPAS, 2017.

Puerta, Fabio, Vergara, Jose, Huertas, Netty, Financial analysis: approaches in its evolution, Free criteria, 2018. P (85-104)

Nava Rosillon, Marbelis Alejandra. (2009). Financial analysis: a key tool for efficient financial management. Venezuelan Management Magazine, 14(48), 606-628. Retrieved on August 19, 2020, from http://ve.scielo.org/scielo.php?script=sci_arttext&pid=S1315-99842009000400009&lng=es&tlng=es.

Sanchez, Claudia, ANALYSIS AND INTERPRETATION OF THE 2012 FINANCIAL STATEMENTS OF THE COMPANY "LA FERIA CÁRNICOS Y ALGO MAS", OF THE CITY OF BAÑOS DE AGUA SANTA, TO IMPROVE ADMINISTRATIVE AND FINANCIAL MANAGEMENT PROCESSES, Ecuador, 2014, retrieved from : https://repositorio.uta.edu.ec/jspui/bitstream/123456789/20406/1/T2430i.pdf

Prieto, Carlos A, Financial Analysis, Foundation for Higher Education San Mateo, 2010, Retrieved from:

https://www.sanmateo.edu.co/documentos/publicacion-analisis-financiero.pdf

Ibarra, Albero, Development of Multivariate Factorial Analysis Applied to Current Financial Analysis, FUNDACION UNIVERSITARIA TECNOLOGICO DE COMFENALCO, 2009, retrieved from:

https://soylector.neocities.org/imagenes/finanzas/finanzas3.pdf

Morelos Gómez, José, Fontalvo Herrera, Tomás José, & de la Hoz Granadillo, Efraín. (2012). Analysis of financial indicators in Colombian port companies. Lattice, 8(1), 14-26.

Recovered from:

http://www.scielo.org.co/scielo.php?script=sci_arttext&pid=S1900-38032012000100002&lng=en&tlng=es.

Herrera, Alexander. Betancourt, Victor. Humberto, Alex. Wow, Sarah. Vivanco, Estefania, FINANCIAL REASONS FOR LIQUIDITY IN BUSINESS MANAGEMENT FOR DECISION-MAKING, 2016. Retrieved from:

https://revistasinvestigacion.unmsm.edu.pe/index.php/quipu/article/download/13249/11757/

Cedeno, Lorena, Zambrano, Angelica. (2015). ANALYSIS OF THE FINANCIAL STATEMENTS IN THE DECISION-MAKING OF THE 5 DE MAYO INTRAPROVINCIAL TRANSPORT COOPERATIVE (Undergraduate thesis). Secular University Eloy Alfaro de Manabí Extension Chone. Ecuador.

Gonzalez, Israel. (2017). Classification of financial analysis methods. Manage. Recovered from:

https://www.gerencie.com/clasificacion-de-los-methods-de-analisis-financiero.html#Reazones_de_dedeudamiento

Valencia, Robert. (2020). Going concern assumption: effect of COVID-19. update yourself. Recovered from:

https://actualicese.com/hipotesis-de-negocio-en-marcha-efecto-del-covid-19/

Dohrer, Bob, CGMA, Tysiac, Ken. (2020). Tips for Auditors on the Going Concern Concept during the COVID-19 Pandemic.GetIFRS. Recovered from:

http://getniif.com/temas-de-auditoria/temas-de-auditoria-externa/50-concepto-de-negocio-en-marcha-y-covid-19

Perdomo Moreno, Abraham. (2003). Analysis and interpretation of financial statements. Mexico: Thompson

Hernandez, Irene, Hernandez, Mariana. (2006). Importance of financial analysis for decision making. Autonomous University of the State of Hidalgo. Recovered from:

http://dgsa.uaeh.edu.mx:8080/bibliotecadigital/bitstream/handle/231104/406/Importancia%20del%20analisis%20financiero.pdf;jsessionid=DC8584B997BDC2BD33E1E04C7E30AFCA?sequence=1

Reyes, C.J. (2014). I am Conta, Accounting Innovation. Recovered from:

https://www.soyconta.com/el-analisis-financiero-para-una-adecuada-toma-de-decisiones/

Gonzales, Hugo, Quintanilla, Ivette, Sanchez, Veronica. (2012). IFRS SMEs FOR THE PREPARATION, PRESENTATION AND DISCLOSURE OF FINANCIAL STATEMENTS OF PHARMACEUTICAL PRODUCTS TRADING COMPANIES, IN THE MUNICIPALITY OF SAN SALVADOR. EL SALVADOR UNIVERSITY. Recovered from:

http://ri.ues.edu.sv/id/eprint/10514/1/G%20643el.pdf

TECHNICAL COUNCIL OF PUBLIC ACCOUNTING. (1993). Statement of changes in financial situation. Recovered from:

https://docplayer.es/17756355-Estado-de-cambios-en-la-situacion-financiera.html

Gomez, Giovanni. (2001). Polis Management. Recovered in 2020, from https://www.gestiopolis.com/analisis-vertical-y-horizontal-de-los-estados-financieros/

Baptist, Libya. (2012). FINANCIAL ANALYSIS. MINUTE DE DIOS UNIVERSITY COORPORATION. Recovered from:

https://repository.uniminuto.edu/bitstream/handle/10656/2565/TCA_BautistaArenasLibiaVannesa_2012.pdf?sequence=3&isAllowed=y

Salazar, Nayeth, Silva, Angie. (2019). Does Altman's Z-Score model allow predicting the state of bankruptcy in SMEs?. University Corporation God's Minute. Recovered from:

https://repository.uniminuto.edu/bitstream/handle/10656/9873/Salazar%20Nayeth_Silva%20Angie_2019.pdf?sequence=1&isAllowed=y

Ecopetrol. (2020). Consolidated financial statements, June. Retrieved from: https://www.ecopetrol.com.co/wps/portal/Home/es/Inversionistas/InformacionFinanciera/Estadosfinancieros

Downloads

Published

2023-08-02

How to Cite

Sandra Natalia Gallego Gomez, & Orlando Carmelo Castellanos Polo. (2023). Relevance of the Analysis of the Financial Statements for Business Decision-Making. International Journal of Applied Economics, Accounting and Management (IJAEAM), 1(1), 37–50. https://doi.org/10.59890/ijaeam.v1i1.113

Issue

Section

Articles