Trminos de gestin empresarial

Factoraje de deuda: financial arrangement in which a factoring company takes responsibility

for collecting money relating to a business's invoices, and immediately pays that business part
of the total amount owed on the invoices 80-90 debt percent , finalmente el debt factor se
queda con el 10-20 por ciento de los ingresos de venta totales.

Finalidad de los estados financieros para los distintos

grupos de inters
Shareholders
Shareholders will be interested in knowing how valuable the business
is becoming throughout its fnancial year. They will be keen to establish
how proftable the business is in order to assess the saety o their
investment. They check on the efciency o the business in investing
capital in order to make a worthwhile return on their investment. The
perormance o the directors is also o interest to them: they want to see
whether they need to be motivated urther or replaced.
Managers
Final accounts are used by managers to set targets, which they can use to
judge and compare their perormance within a particular fnancial year
or number o years. These will help them in setting budgets, which will
then help in monitoring and controlling expenditure patterns in various
departments. Knowing the fnancial records will thereore greatly assist
managers in strategic planning or more eective decision making in
the businesses.

3.4 Final accounts

Employees
A proftable business could signal to employees that their jobs will be
secure. This may also indicate that they could get pay rises. The potential
or business growth could also help to strengthen these two aspects o
job security and salary increases. However, an increase in proftability
does not necessarily lead to pay increases or employees, leading them to
involve trade unions to negotiate urther on their behal.
Customers
Customers will be interested in knowing whether there will be a
constant supply o a frms products in the uture. This will determine
how dependent they should be on the business and how secure it is. I
a frm lacks security, perhaps due to low proftability, customers will go
elsewhere where supply is reliable and guaranteed.
Suppliers
Suppliers can use fnal accounts to negotiate better cash or credit terms
with frms. They can either extend the trade credit period or demand
immediate cash payments. The security o the business and thus its
ability to pay o its debts will be a key concern or suppliers.
The government
The government and tax authorities will check on whether the business
is abiding by the law regarding accounting regulations. They will be
interested in the proftability o the business to see how much tax it
pays. A loss-making business will be o grave concern to the government
because it could mean an increase in unemployment, which could be
detrimental to a countrys economy.
Competitors
Businesses will want to compare their fnancial statements with those
o other frms to see how well they are perorming fnancially. They will
look or the answers to key questions:
Are their competitors proftability levels higher than theirs or are the
competitors struggling fnancially?
How do the competitors sales revenues compare with theirs?

Financiers
These include banks that will check on the creditworthiness o the business
to establish how much money they can lend it. This will also depend
on the gearing o the business because a high-geared business will have
problems soliciting unding rom fnancial institutions ( see section 3.1 ) .
Banks will thoroughly assess the accounts o a business in order to be
confdent that it will be able to pay back its loan with interest.

The local community

Residents living around a particular business will want to know its
proftability and expansion potential. This is because it may create job3 Finance and Accounts
opportunities .or them and lead to growth in the community. However,
the residents will also be concerned about whether the businesses will be
environmentally .riendly and whether their accounts consider costs such
as air or noise pollution.