The deferral or deficiency arises when delayed payment of amortization ie first takes a first period during which no debt is amortized. It is possible that during this first stage will be paying interest as they accrue and go at intervals agreed, so this would be a loan with partial deficiency. In contrast, if payment is not made, or of principal or interest, we would have a total lack. In the latter case, accrued and unpaid interest will accrue starting capital. Once past the grace period, we will have a normal loan whatever the current repayment system.
Although the supposed lack financial relief during the financial period in which remains active, the amount finally paid rises significantly as the deferral will mean a greater amount to be paid to the financial institution.
MAIN IDEA
The basic and fundamental objective of financial management in organizations is to maximize corporate wealth as a result of the interaction of all functional areas of it, it is the result of the optimization of financial decisions, such as investment , financing and dividends.
Secondary ideas
To fulfill the objective organizational and business goals should be presented in the company essential situations such as budgeting master who can predict the behavior of sales, purchases, expenses, costs and profits. The cost knowledge is achieved through cost systems, among which, the activity-costing system, known as the ABC, which allows identification of the cost of all business activities.
The interaction of financial decisions and knowledge of the cost of the product or service, accompanied by a master plan for the consolidation of the competitive advantages within the success factors, allow the basic objective of financial compliance.
The accounting information system regulated by the government in 2649 and 2659 decrees December 1993, classifies, records, summarizes and presents economic transactions of entities, in order to determine their results, interpretation and analysis, project finance and control execution of budgets and flat, and the veracity of operations.
Among the basic financial statements, the balance is usually made up, the assets, liabilities and equity, the statement of income in this income and expenses are grouped by revenue centers and cost, the EFAF or state sources and uses of funds, used to assess the origin of the funds and their investment destination and production and cash flow analysis, which identifies which currently are cash surplus or deficit.
The main input for diagnosis is the corporate financial accounting information system, condensed financial statements. One of the most used techniques is the vertical analysis that relates assets, liabilities and equity indices compared representative to make decisions to improve business profitability. In addition to the vertical analysis, horizontal allows to know the trends of the accounts comprising the balance sheet and the income statement and determine operating results and profitability.
For proper diagnosis is necessary corporate financial liquidity reason (it throws health data to meet business, if the company can reach poor to bankruptcy), the profitability ratio (it allows to know the operating profit margin or financial ), rotation and level of indebtedness.
development of financial diagnosis is associated with the equilibrium point which determines the sales volume necessary to keep the investment and how you can win when sales surpass it. The EVA (economic value added) is an ideal addition to determining whether the volume of profits is higher than the cost of capital or the value of the use of the assets of the company, and is a measure widely used by prioritizing the optimal use asset.
Working capital is defined as the difference between current assets and current liabilities, and this difference, which must be positive, is for the company to continue its march if foregoes earnings. The working capital management is to work with the money of others, while not affecting its business reputation its relationship with suppliers and depends on the flow of income and expenses and the seasonality of sales.
We call current assets to cash, accounts receivable and inventories mainly. Cash is the end result of business operations, which condense in the liquidity cycle, comprising the synchronized relationship between sales, purchasing, sales policies, collections and payments to suppliers. Accounts receivable are the mainstay of the business, without sales there is no business, jobs, taxes, etc.. For managing the inventory stands just in time, zero inventory, allowing stock to maintain a minimum without affecting the performance of sales.
The financial leverage, which is that by which the attainment resort to third-party resources to improve profitability and operating empalancamiento, which identifies the effect of fixed costs and expenses in relation to sales wing variation, the originate empalancamiento total, indicating as affect earnings depending on the percentage change in sales and must be greater than one for positively affecting the profitability of resources.
Entrepreneurs have many instruments such as commercial loans, free investment, emprésitos or overseas debts, leasing and titling. In between Colombian, is not widely used by micro and small entrepreneurs, the issuance of bonds to finance them elsewhere this mechanism is essential for up businesses, as fresh money is achieved at a lower cost, which optimizes the return on owners.
Budget planning
We took several months talking about management and business planning. From the need to rely on them to help your business thrive, of the advantages when optimizing resources and how important it is to spend enough time for. Now is the time to take action.
During this time we have been developing an application that serves as a tool to facilitate planning and management. That tool is ready and is called Up Planning.
We talk about budget management application easy to use and easy interpretation. The application allows ready access to cash that the company may be based on projections of income, expenses, investments, … in the coming quarters. That will help assess and determine, in the medium term, if the strategy is viable and have determined, in the short term, if you have enough money to cover future payments.
It also uses the method of continuous planning. Not establishing a defined period to plan but exercise is performed constantly, for short periods of time.
Requires continuous planning constantly look to the future and take appropriate actions to achieve its target, and ensures that the load is evenly distributed as it is throughout the year.
What we want to do is to make available to SMEs a simple yet powerful tool that helps the user regardless of the economic and financial.
Take advantage of the free trial period to meet her and see her features. One minute you can create an account for it.
I’ve always heard different opinions about leadership, if the leader is born or made, whether leadership is innate that grows with the growth of the person or is it something that can be learned.
Humbly, I believe in both positions, there are people who are born leaders and will strengthen that ability with the experience and the lessons that life gives us. Others are acquiring this skill through the transfer of knowledge from others, or by reading or watching others acting in their day to day.
There are positive leaders that add good things to those around them, others may call them negative leaders to call it somehow, are those that are negative behaviors by guiding groups to perform improper activities that are not accepted by society.
Let’s focus on leadership in general, and on the positive, because there are so many tabloids that have flooded the head of negative facts not want to bring up because I understand that not add anything to society.
There is no better leadership than that which can provide Mom and Dad in a home where one is who chastens and chastises the son he commits something wrong and the other side is the mother comforts, explains and tells the child because the strong reprimand the father or vice versa.
And with this we introduce the topic that I want to talk, examples of leadership that gives us the sport and we can apply it in daily life and in our professional work.
In terms of sport, one of the main leaders in a team competition was Michael Jordan, to whom have devoted many books on leadership for their dedication and the way he led his team to win multiple championships with a form of directing that can be applied in any plant operating in the world.
Jordan’s frown on reprimand for the bad actions of their peers has been around the world and is a sign of leadership excellence in the United States. It is undeniable that this works in the highly competitive sports, where athletes tend to have better benefits than the leaders and general managers that make up the teams.
There has to be a leader within the team, someone who has the power to draw attention to his teammates and leading by example as they indicated must do the right things and being required to give the maximum in the tasks they have to perform .
However, not everything is scolding and someone should help that person to correct what you are doing and tell him everything will be fine. In our example, this personification was held by Scottie Pippen, the emotional leader of the Chicago Outfit, the most beloved in the locker room, one that was integrated with the group and that after the reprimands of Jordan advised colleagues and indicated that were doing incorrectly.
According to Phil Jackson, “In the Bulls” says Jackson, “[Scottie Pippen] was probably the most beloved player by others. Was integrated. Could get the best out of the players and communicate better. Leadership, true leadership, is one of its strengths. Everyone would say that Michael is a great leader. leads by example, with reprimands, with harsh words. Scottie’s leadership was equally dominant, but leadership is a backslapping, support ” .
In the book “Dream Team” of Jack McCallum Pippen indicated some comments about team chemistry:
“For me, our team was always a chemistry thing,” Pippen said, “and we could never develop chemistry by Michael. He did not believe in his teammates. Was difficult for us. We stand by accused of looking because he always .. . had the Kobe “. Kobe Bryant is known to use the same form of leadership that became famous Jordan, who rebukes, punishes and teaches with his performance.
“The arrival of Phil [Jackson] made all the difference for Michael. Phil convinced him to believe in his teammates, and I think I was the first who Michael really trusted. Already did not have to worry that Michael came to play against each five. could just play. ”
As we have seen, there are different ways of leading, only two ways I state that together have been the best, just like Mom and Dad meant for children and what we have seen in movies police, where there is a good cop and a bad one to get the information to those who are investigated.
If you want to be a good leader, you must try that your teammates trust you, you have confidence in yourself and you can immerse yourself as one in the working group. But they also need to lead by example, try to do things best, do well what if you have to criticize and scold you notice that your computer will admire and respect you more than anyone.