Estudo de como a geração de caixa operacional pode ser útil para a gestão de empresas
Autor(a) principal: | |
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Data de Publicação: | 2017 |
Tipo de documento: | Dissertação |
Idioma: | por |
Título da fonte: | Biblioteca Digital de Teses e Dissertações da PUC_SP |
Texto Completo: | https://tede2.pucsp.br/handle/handle/20334 |
Resumo: | The metric EBITDA – Earnings Before Interests, Taxes, Depreciation and Amortization (Lajida in portuguese) has been much discussed in both the academic and professional fields. Authors have raised pros and cons to their use because, they consider that the metric does not reflect the Cash Flow, since it is calculated under the aegis of the accounting principle of the accrual regime basis. The Competence and Cash Regimes basis are approached to subsidize the use of the EBITDA metric in the construction of what is called, in this master's thesis, Operating Cash Generation - OCG. Adding to the OCG the figure that represents the destination to be given to the resources generated, "cash outflows", we have the Operating Cash Flow, inspired by the idea developed by Brigham & Ehrhardt (2016, pg.464) Free Cash Flow - FCF. This results in a model, considered as a management tool and applied to this research directed to a single case study. The entity where the research is developed is the São Paulo Foundation, a philanthropic entity, maintainer of the Pontifical Catholic University of São Paulo - PUCSP. The data were collected in published documents-balance sheets and administrative documents and analyzed through the graphical-behavioral observation technique, which when related to each other indicate possible imbalances of the operational activities, and the trend analysis of costs and revenues, allow to assess the situation in that the entity is. Therefore, with these techniques of analysis, the following steps were considered: assessing the current situation, identifying measures for course correction and analyzing their impacts. Hence the proposal is suggested, which, approved and applied by the Administration, helped to maintain the continuity of its operational activities. The Operating Cash Flow model, based on the OCG or EBITDA, plus the vision of how resources were or will be applied, is understood as being a management tool of great utility for managers to plan and follow the strategic decisions of their companies |
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Oliveira, Antonio Benedito Silvahttp://buscatextual.cnpq.br/buscatextual/visualizacv.do?id=K4596964J0Nuñez, Nicolás Alvarez2017-09-01T13:12:24Z2017-08-23Nuñez, Nicolás Alvarez. Estudo de como a geração de caixa operacional pode ser útil para a gestão de empresas. 2017. 85 f. Dissertação (Mestrado em Ciências Contábeis e Atuariais) - Programa de Estudos Pós-Graduados em Ciências Contábeis e Atuariais, Pontifícia Universidade Católica de São Paulo, São Paulo, 2017.https://tede2.pucsp.br/handle/handle/20334The metric EBITDA – Earnings Before Interests, Taxes, Depreciation and Amortization (Lajida in portuguese) has been much discussed in both the academic and professional fields. Authors have raised pros and cons to their use because, they consider that the metric does not reflect the Cash Flow, since it is calculated under the aegis of the accounting principle of the accrual regime basis. The Competence and Cash Regimes basis are approached to subsidize the use of the EBITDA metric in the construction of what is called, in this master's thesis, Operating Cash Generation - OCG. Adding to the OCG the figure that represents the destination to be given to the resources generated, "cash outflows", we have the Operating Cash Flow, inspired by the idea developed by Brigham & Ehrhardt (2016, pg.464) Free Cash Flow - FCF. This results in a model, considered as a management tool and applied to this research directed to a single case study. The entity where the research is developed is the São Paulo Foundation, a philanthropic entity, maintainer of the Pontifical Catholic University of São Paulo - PUCSP. The data were collected in published documents-balance sheets and administrative documents and analyzed through the graphical-behavioral observation technique, which when related to each other indicate possible imbalances of the operational activities, and the trend analysis of costs and revenues, allow to assess the situation in that the entity is. Therefore, with these techniques of analysis, the following steps were considered: assessing the current situation, identifying measures for course correction and analyzing their impacts. Hence the proposal is suggested, which, approved and applied by the Administration, helped to maintain the continuity of its operational activities. The Operating Cash Flow model, based on the OCG or EBITDA, plus the vision of how resources were or will be applied, is understood as being a management tool of great utility for managers to plan and follow the strategic decisions of their companiesA métrica Ebitda – Earnings Before Interests, Taxes, Depreciation and Amortization, em inglês, ou Lajida – Lucro Antes de Juros, Impostos, Depreciação e Amortização, tem sido muito discutida tanto no campo acadêmico como profissional. Autores têm levantado prós e contras ao seu uso, pois, escrevem que a métrica não reflete o fluxo de caixa, uma vez que é apurado sob a égide do princípio contábil do regime de competência. Os regimes de competência e de caixa são abordados para subsidiar o uso da métrica Ebitda na construção do que se denomina, neste trabalho, geração de caixa operacional – GCO. Adicionando-se à GCO a figura que representa a destinação a ser dada aos recursos gerados, “saídas de caixa”, tem-se o fluxo de caixa operacional, inspirado na ideia desenvolvida por Brigham e Ehrhardt (2016, p. 464) com seu fluxo de caixa livre – FCL. Disso resulta um modelo, tratado como uma ferramenta de gestão e aplicado a esta pesquisa, direcionada a um estudo de caso único. A entidade cuja pesquisa se desenvolve é a Fundação São Paulo, entidade filantrópica, mantenedora da Pontifícia Universidade Católica de São Paulo – PUC-SP. Os dados foram coletados em documentos publicados-balanços e documentos administrativos e analisados através da técnica da observação gráfico-comportamental, que, quando relacionados entre si, indicam eventuais desequilíbrios das atividades operacionais e da análise tendencial dos custos e receitas, permitindo, desse modo, avaliar a situação em que a entidade se encontra. Portanto, com essas técnicas de análise, as seguintes etapas foram consideradas: avaliar a situação atual, identificar as medidas para correção de rumo e analisar seus impactos. Daí se sugere a elaboração de proposta, a qual, aprovada e aplicada pela administração, ajudou a manter a continuidade de suas atividades operacionais. O modelo de fluxo de caixa operacional, fundamentado na GCO ou Ebitda, e considerando a visão de como os recursos foram ou serão aplicados, entende-se como sendo uma ferramenta de gestão de grande utilidade para os gestores planejarem e acompanharem as decisões estratégicas de suas empresasapplication/pdfhttp://tede2.pucsp.br/tede/retrieve/43054/Nicol%c3%a1s%20Alvarez%20Nu%c3%b1ez.pdf.jpgporPontifícia Universidade Católica de São PauloPrograma de Estudos Pós-Graduados em Ciências Contábeis e AtuariaisPUC-SPBrasilFaculdade de Economia, Administração, Contábeis e AtuariaisEbitdaGeração de caixa operacionalRegime de competênciaOperating Cash GenerationCompetence Regime and Cash RegimeCash FlowCNPQ::CIENCIAS SOCIAIS APLICADAS::ADMINISTRACAO::CIENCIAS CONTABEISEstudo de como a geração de caixa operacional pode ser útil para a gestão de empresasinfo:eu-repo/semantics/publishedVersioninfo:eu-repo/semantics/masterThesisinfo:eu-repo/semantics/openAccessreponame:Biblioteca Digital de Teses e Dissertações da PUC_SPinstname:Pontifícia Universidade Católica de São Paulo (PUC-SP)instacron:PUC_SPTEXTNicolás Alvarez Nuñez.pdf.txtNicolás Alvarez Nuñez.pdf.txtExtracted texttext/plain170478https://repositorio.pucsp.br/xmlui/bitstream/handle/20334/5/Nicol%c3%a1s%20Alvarez%20Nu%c3%b1ez.pdf.txt8eda3b8027812b0bb6b39aac89abea43MD55LICENSElicense.txtlicense.txttext/plain; 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dc.title.por.fl_str_mv |
Estudo de como a geração de caixa operacional pode ser útil para a gestão de empresas |
title |
Estudo de como a geração de caixa operacional pode ser útil para a gestão de empresas |
spellingShingle |
Estudo de como a geração de caixa operacional pode ser útil para a gestão de empresas Nuñez, Nicolás Alvarez Ebitda Geração de caixa operacional Regime de competência Operating Cash Generation Competence Regime and Cash Regime Cash Flow CNPQ::CIENCIAS SOCIAIS APLICADAS::ADMINISTRACAO::CIENCIAS CONTABEIS |
title_short |
Estudo de como a geração de caixa operacional pode ser útil para a gestão de empresas |
title_full |
Estudo de como a geração de caixa operacional pode ser útil para a gestão de empresas |
title_fullStr |
Estudo de como a geração de caixa operacional pode ser útil para a gestão de empresas |
title_full_unstemmed |
Estudo de como a geração de caixa operacional pode ser útil para a gestão de empresas |
title_sort |
Estudo de como a geração de caixa operacional pode ser útil para a gestão de empresas |
author |
Nuñez, Nicolás Alvarez |
author_facet |
Nuñez, Nicolás Alvarez |
author_role |
author |
dc.contributor.advisor1.fl_str_mv |
Oliveira, Antonio Benedito Silva |
dc.contributor.authorLattes.fl_str_mv |
http://buscatextual.cnpq.br/buscatextual/visualizacv.do?id=K4596964J0 |
dc.contributor.author.fl_str_mv |
Nuñez, Nicolás Alvarez |
contributor_str_mv |
Oliveira, Antonio Benedito Silva |
dc.subject.por.fl_str_mv |
Ebitda Geração de caixa operacional Regime de competência |
topic |
Ebitda Geração de caixa operacional Regime de competência Operating Cash Generation Competence Regime and Cash Regime Cash Flow CNPQ::CIENCIAS SOCIAIS APLICADAS::ADMINISTRACAO::CIENCIAS CONTABEIS |
dc.subject.eng.fl_str_mv |
Operating Cash Generation Competence Regime and Cash Regime Cash Flow |
dc.subject.cnpq.fl_str_mv |
CNPQ::CIENCIAS SOCIAIS APLICADAS::ADMINISTRACAO::CIENCIAS CONTABEIS |
description |
The metric EBITDA – Earnings Before Interests, Taxes, Depreciation and Amortization (Lajida in portuguese) has been much discussed in both the academic and professional fields. Authors have raised pros and cons to their use because, they consider that the metric does not reflect the Cash Flow, since it is calculated under the aegis of the accounting principle of the accrual regime basis. The Competence and Cash Regimes basis are approached to subsidize the use of the EBITDA metric in the construction of what is called, in this master's thesis, Operating Cash Generation - OCG. Adding to the OCG the figure that represents the destination to be given to the resources generated, "cash outflows", we have the Operating Cash Flow, inspired by the idea developed by Brigham & Ehrhardt (2016, pg.464) Free Cash Flow - FCF. This results in a model, considered as a management tool and applied to this research directed to a single case study. The entity where the research is developed is the São Paulo Foundation, a philanthropic entity, maintainer of the Pontifical Catholic University of São Paulo - PUCSP. The data were collected in published documents-balance sheets and administrative documents and analyzed through the graphical-behavioral observation technique, which when related to each other indicate possible imbalances of the operational activities, and the trend analysis of costs and revenues, allow to assess the situation in that the entity is. Therefore, with these techniques of analysis, the following steps were considered: assessing the current situation, identifying measures for course correction and analyzing their impacts. Hence the proposal is suggested, which, approved and applied by the Administration, helped to maintain the continuity of its operational activities. The Operating Cash Flow model, based on the OCG or EBITDA, plus the vision of how resources were or will be applied, is understood as being a management tool of great utility for managers to plan and follow the strategic decisions of their companies |
publishDate |
2017 |
dc.date.accessioned.fl_str_mv |
2017-09-01T13:12:24Z |
dc.date.issued.fl_str_mv |
2017-08-23 |
dc.type.status.fl_str_mv |
info:eu-repo/semantics/publishedVersion |
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info:eu-repo/semantics/masterThesis |
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publishedVersion |
dc.identifier.citation.fl_str_mv |
Nuñez, Nicolás Alvarez. Estudo de como a geração de caixa operacional pode ser útil para a gestão de empresas. 2017. 85 f. Dissertação (Mestrado em Ciências Contábeis e Atuariais) - Programa de Estudos Pós-Graduados em Ciências Contábeis e Atuariais, Pontifícia Universidade Católica de São Paulo, São Paulo, 2017. |
dc.identifier.uri.fl_str_mv |
https://tede2.pucsp.br/handle/handle/20334 |
identifier_str_mv |
Nuñez, Nicolás Alvarez. Estudo de como a geração de caixa operacional pode ser útil para a gestão de empresas. 2017. 85 f. Dissertação (Mestrado em Ciências Contábeis e Atuariais) - Programa de Estudos Pós-Graduados em Ciências Contábeis e Atuariais, Pontifícia Universidade Católica de São Paulo, São Paulo, 2017. |
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