Estudo de como a geração de caixa operacional pode ser útil para a gestão de empresas

• Autor(a) principal: Nuñez, Nicolás Alvarez
• 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
• 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

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