FINANCIAL FUNCTION
Finance is a part of the economy and therefore, to clearly understand its scope we must start from the study of both macroeconomics and microeconomics. Taking into account what above the financial activity comprises 3 functions which are:
Preparation and analysis of information Financial: efers to the preparation adequate and exhaustive analysis of the basic financial atements
Determination of he tructure of assets: This function involves the
determination of the kind, mount and quality of the assets that the company requires.
Study of the financing of the company
o financial structure: Knowing the
needs of the company, by the volume and
amount of assets required think about the resources required for such investment
Internal and external analysis
Internal analisis.
Internal analysis occurs when the analyst has
access to detailed books and records, both financial
as non-financial, of the company.
External analysis.
External analysis occurs when you do not have access to the entire of the information available. In this type of analysis the pitfalls to obtain the data are greater.
Scope of financial analysis.
the field of financial analysis can be classify into two roups:
External aspects of the company
Internal aspects of the company:
financial goal
Every effort made by financial management must tend towards an end: maximizing the value of the company, it is that is, increase the investment of the owners or areholders.
Financial function and business size
The actual condition, complexity and importance of the financial function depend largely on the size of the business, as well as the stage through which the company goes through in its development
Financial analysis
It is a process that includes the compilation, interpretation, comparison and study of the financial statements and operational data of a business.
Who cares about analysis?
To the Tax Administration
to chambers of commerce
To the company administration
To banks and creditors in general
to investors
to the stock markets
Here it is necessary observe, among other aspects, the organization administration, labor relations, the market
national and export, the competition, the portfolio, the
sales and production.
GESTION AMBIENTAL Y SOSTENIBLE
ALUMNO
RONAL EDUARDO VALENCIA MENA
MAPA CONCEPTUAL DE FUNCIONES FINANCIERAS.
DOCENTE
CESAR AUGUSTO TORRES OSPINA
FUNDACIÓN UNIVERSITARIA
MARÍA CANO
CONTADURIA PÚBLICA.
30/08/2022
Among these are takes into account the world economic situation, the national economic situation, the situation of the
sector to which the company belongs and the situation political and legal.