PERSPECTIVA No 1PUNTOS

CRITICOS
MBA. Julio La Cruz Expositor

PERSPECTIVA No 1Puntos
Crticos
Permite

llegar a una apreciacin ex_antes

de la situacin financiera de la empresa.
SebasaenunarevisinpreliminardelBalance

General(dosltimosperiodos).
Consisteendeterminarlasvariacionesreleva

ntesenlascuentas.
Requiereestablecerrelacionescausa-

efecto.Quepretendenidentificarlasdecisiones
ysuimpactoenlaposicinfinanciera.

ffd8ffe0001
ffd8ffe
04a4649460
CAUSAS DE
0010201004
000104
800480000ff
VARIACIONES
a46494
e20c584943
435f50524f4
600010
1. Caja Bancos
6494c45000
TOS
201004
10100000c4
84c696e6f02
UCIONES
800480
1000006d6e
de con cobranza importante.
000ffe2
7472524742
arelejercicio,nosehab?anejecutadopagosquecorrespond?an
2058595a20
0c5849
07ce000200
zaci?n del manejo del efectivo.
0900060031
43435f5
0000616373
0524f46
704d534654

2. Clientes
AUMENTOS
DISMINUCIONES
?Incremento

de morosidad
?Incremento de ventas
?Mejora

en cobranzas
?Disminuci?n de ventas

3. Existencias
AUMENTOS
DISMINUCIONES
?Estoqueamiento
?Incremento

ffd8ffe000104a46494600010
201004800480000ffe20c5849
43435f50524f46494c4500010
100000c484c696e6f02100000
6d6e74725247422058595a20
07ce00020009000600310000
616373704d53465400000000
494543207352474200000000
00000000000000000000f6d60
00100000000d32d485020200
000000000000000000000000
000000000000000000000000
000000000000000000000000
000000000000000000000116
370727400000150000000336
4657363000001840000006c7
7747074000001f00000001462
6b7074000002040000001472
58595a000002180000001467
58595a0000022c0000001462
58595a000002400000001464
6d6e64000002540000007064
6d6464000002c40000008876
7565640000034c0000008676
696577000003d4000000246c
756d69000003f8000000146d6
561730000040c00000024746
56368000004300000000c725
452430000043c0000080c6754
52430000043c0000080c62545
2430000043c0000080c746578
7400000000436f70797269676
874202863292031393938204
865776c6574742d5061636b6
1726420436f6d70616e790000
646573630000000000000012
735247422049454336313936
362d322e3100000000000000

/disminuci?n de ventas

?Optimizaci?n

de inventarios
?Dificultades log?sticas
?Disminuci?n de ventas

4. Activo Fijo
AUMENTOS
DISMINUCIONES
?Adquisici?n
?Fusi?n
?Revaluaci?n

?Venta
?Depreciaci?n

ffd8ffe000104a46494600010
201004800480000ffe20c5849
43435f50524f46494c4500010
100000c484c696e6f02100000
6d6e74725247422058595a20
07ce00020009000600310000
616373704d53465400000000
494543207352474200000000
00000000000000000000f6d60
00100000000d32d485020200
000000000000000000000000
000000000000000000000000
000000000000000000000000
000000000000000000000116
370727400000150000000336
4657363000001840000006c7
7747074000001f00000001462
6b7074000002040000001472
58595a000002180000001467
58595a0000022c0000001462
58595a000002400000001464
6d6e64000002540000007064
6d6464000002c40000008876
7565640000034c0000008676
696577000003d4000000246c
756d69000003f8000000146d6
561730000040c00000024746
56368000004300000000c725
452430000043c0000080c6754
52430000043c0000080c62545
2430000043c0000080c746578
7400000000436f70797269676
874202863292031393938204
865776c6574742d5061636b6
1726420436f6d70616e790000
646573630000000000000012
735247422049454336313936
362d322e3100000000000000

5. Sobregiro
AUMENTOS
DISMINUCIONES
?Falta

ffd8ffe000104a46494600010
201004800480000ffe20c5849
43435f50524f46494c4500010
100000c484c696e6f02100000
6d6e74725247422058595a20
07ce00020009000600310000
616373704d53465400000000
494543207352474200000000
00000000000000000000f6d60
00100000000d32d485020200
000000000000000000000000
000000000000000000000000
000000000000000000000000
000000000000000000000116
370727400000150000000336
4657363000001840000006c7
7747074000001f00000001462
6b7074000002040000001472
58595a000002180000001467
58595a0000022c0000001462
58595a000002400000001464
6d6e64000002540000007064
6d6464000002c40000008876
7565640000034c0000008676
696577000003d4000000246c
756d69000003f8000000146d6
561730000040c00000024746
56368000004300000000c725
452430000043c0000080c6754
52430000043c0000080c62545
2430000043c0000080c746578
7400000000436f70797269676
874202863292031393938204
865776c6574742d5061636b6
1726420436f6d70616e790000
646573630000000000000012
735247422049454336313936
362d322e3100000000000000

de liquidez
?Manejo deficiente del Kw
?Mejora

de liquidez
?Optimizaci?n de caja

6. Prstamos
Bancarios
AUMENTOS
DISMINUCIONES
?Necesidad

ffd8ffe000104a46494600010
201004800480000ffe20c5849
43435f50524f46494c4500010
100000c484c696e6f02100000
6d6e74725247422058595a20
07ce00020009000600310000
616373704d53465400000000
494543207352474200000000
00000000000000000000f6d60
00100000000d32d485020200
000000000000000000000000
000000000000000000000000
000000000000000000000000
000000000000000000000116
370727400000150000000336
4657363000001840000006c7
7747074000001f00000001462
6b7074000002040000001472
58595a000002180000001467
58595a0000022c0000001462
58595a000002400000001464
6d6e64000002540000007064
6d6464000002c40000008876
7565640000034c0000008676
696577000003d4000000246c
756d69000003f8000000146d6
561730000040c00000024746
56368000004300000000c725
452430000043c0000080c6754
52430000043c0000080c62545
2430000043c0000080c746578
7400000000436f70797269676
874202863292031393938204
865776c6574742d5061636b6
1726420436f6d70616e790000
646573630000000000000012
735247422049454336313936
362d322e3100000000000000

KW
?Descontrol del flujo
?Financiamientoinadecuadodeactivofijo
?Refinanciaci?n

de deuda
?Optimizaci?n de KW
?Aplicaci?n mayor liquidez

7. Proveedores
AUMENTOS
DISMINUCIONES
?Incremento

de ventas.
?Estoqueamiento
?Apalancamiento
?Incumplimiento pagos
?Refinanciaci?n

ffd8ffe000104a46494600010
201004800480000ffe20c5849
43435f50524f46494c4500010
100000c484c696e6f02100000
6d6e74725247422058595a20
07ce00020009000600310000
616373704d53465400000000
494543207352474200000000
00000000000000000000f6d60
00100000000d32d485020200
000000000000000000000000
000000000000000000000000
000000000000000000000000
000000000000000000000116
370727400000150000000336
4657363000001840000006c7
7747074000001f00000001462
6b7074000002040000001472
58595a000002180000001467
58595a0000022c0000001462
58595a000002400000001464
6d6e64000002540000007064
6d6464000002c40000008876
7565640000034c0000008676
696577000003d4000000246c
756d69000003f8000000146d6
561730000040c00000024746
56368000004300000000c725
452430000043c0000080c6754
52430000043c0000080c62545
2430000043c0000080c746578
7400000000436f70797269676
874202863292031393938204
865776c6574742d5061636b6
1726420436f6d70616e790000
646573630000000000000012
735247422049454336313936
362d322e3100000000000000

de deuda
?Optimizaci?n de KW
?Aplicaci?n mayor liquidez

8. Deuda a largo
plazo AUMENTOS
DISMINUCIONES
?Financiamiento

ffd8ffe000104a46494600010
201004800480000ffe20c5849
43435f50524f46494c4500010
100000c484c696e6f02100000
6d6e74725247422058595a20
07ce00020009000600310000
616373704d53465400000000
494543207352474200000000
00000000000000000000f6d60
00100000000d32d485020200
000000000000000000000000
000000000000000000000000
000000000000000000000000
000000000000000000000116
370727400000150000000336
4657363000001840000006c7
7747074000001f00000001462
6b7074000002040000001472
58595a000002180000001467
58595a0000022c0000001462
58595a000002400000001464
6d6e64000002540000007064
6d6464000002c40000008876
7565640000034c0000008676
696577000003d4000000246c
756d69000003f8000000146d6
561730000040c00000024746
56368000004300000000c725
452430000043c0000080c6754
52430000043c0000080c62545
2430000043c0000080c746578
7400000000436f70797269676
874202863292031393938204
865776c6574742d5061636b6
1726420436f6d70616e790000
646573630000000000000012
735247422049454336313936
362d322e3100000000000000

de activo fijo
?Refinanciamiento de deuda
?Cambio

de ejercicio contable
?Coyuntura de liquidez

9. Patrimonio
AUMENTOS
DISMINUCIONES
?Aportes

accionistas
?Utilidades
?P?rdidas

del ejercicio.
?Dividendos

ffd8ffe000104a46494600010
201004800480000ffe20c5849
43435f50524f46494c4500010
100000c484c696e6f02100000
6d6e74725247422058595a20
07ce00020009000600310000
616373704d53465400000000
494543207352474200000000
00000000000000000000f6d60
00100000000d32d485020200
000000000000000000000000
000000000000000000000000
000000000000000000000000
000000000000000000000116
370727400000150000000336
4657363000001840000006c7
7747074000001f00000001462
6b7074000002040000001472
58595a000002180000001467
58595a0000022c0000001462
58595a000002400000001464
6d6e64000002540000007064
6d6464000002c40000008876
7565640000034c0000008676
696577000003d4000000246c
756d69000003f8000000146d6
561730000040c00000024746
56368000004300000000c725
452430000043c0000080c6754
52430000043c0000080c62545
2430000043c0000080c746578
7400000000436f70797269676
874202863292031393938204
865776c6574742d5061636b6
1726420436f6d70616e790000
646573630000000000000012
735247422049454336313936
362d322e3100000000000000

Trabajo Aplicativo No
2
Identificar

las variaciones
relevantes en las cuentas del
balance.
Inferirrelacionescausa-

ffd8ffe000104a46494600010
201004800480000ffe20c5849
43435f50524f46494c4500010
100000c484c696e6f02100000
6d6e74725247422058595a20
07ce00020009000600310000
616373704d53465400000000
494543207352474200000000
00000000000000000000f6d60
00100000000d32d485020200
000000000000000000000000
000000000000000000000000
000000000000000000000000
000000000000000000000116
370727400000150000000336
4657363000001840000006c7
7747074000001f00000001462
6b7074000002040000001472
58595a000002180000001467
58595a0000022c0000001462
58595a000002400000001464
6d6e64000002540000007064
6d6464000002c40000008876
7565640000034c0000008676
696577000003d4000000246c
756d69000003f8000000146d6
561730000040c00000024746
56368000004300000000c725
452430000043c0000080c6754
52430000043c0000080c62545
2430000043c0000080c746578
7400000000436f70797269676
874202863292031393938204
865776c6574742d5061636b6
1726420436f6d70616e790000
646573630000000000000012
735247422049454336313936
362d322e3100000000000000

efecto.Quefacilitenidentificarlasdecisio
nesysuimpactofinanciero