Made available in DSpace on 2016-04-25T18:40:22Z (GMT). No. of bitstreams: 1 Jose Martins.pdf: 1227267 bytes, checksum: e83d12cae47e333cd98b1d457030295a (MD5) Previous issue date: 2007-05-16 / The main purpose of this master s dissertation is to apply the economic/financial analysis techniques to consecutive balance sheets and income statements of commercial and multiple banks in the Brazilian financial system, in constant currency, and to analyze the results obtained. In order to achieve that main purpose, we realized a conceptual and theoretical review of the financial intermediation system, especially the components financial markets and institutions and the interest rates and their term structures and yield curves. We also effected a review of the account plan for the Brazilian financial system institutions, with special emphasis on the general accounting standards, list of accounts and their functions and basic structures of published balance sheets and income statements. In addition, we reviewed management concepts and practices applied to financial institutions as well as economic/financial analysis indicators adapted to financial statements of financial institutions. Although focused on an academic research where we recorded the views of some authors on the main concepts, restrictions and techniques related to the subject, we also expressed our own opinion in some situations based on personal experience acquired in specific segments of the Brazilian financial system over time. In the empirical testing we applied the methods of horizontal and vertical analysis of balance sheets, economic/financial indices and value-added indicators to the balance sheets and income statements of six major commercial and multiple banks in the Brazilian financial system for the fiscal year of 2004 and 2005, in 2005 purchasing power. The trial reveals that the analysis of financial institutions in the Brazilian financial system conducted on the published financial statements is effective, despite the limited information contained on the annual abridged accounting reports / O objetivo geral desta dissertação de mestrado é aplicar as técnicas de análise econômico-financeira a balanços patrimoniais e demonstrações de resultados consecutivos de bancos comerciais e múltiplos do sistema financeiro nacional, em moeda constante, e analisar os resultados procedentes. Para atingir o objetivo geral da dissertação, realizamos uma revisão conceitual e teórica do sistema de intermediação financeira, com destaque aos mercados e instituições financeiras componentes e às taxas de juros e suas estruturas temporais e curvas de rendimento. Procedemos, também, a uma revisão do plano contábil das instituições do sistema financeiro nacional, com ênfase às normas gerais de contabilidade, elenco e função das contas e estruturas dos balanços e das demonstrações de resultados sintéticos de divulgação. Realizamos, ainda, uma revisão dos conceitos e práticas de gestão aplicada a instituições financeiras e, bem assim, dos indicadores de análise econômico-financeira adaptados às demonstrações contábeis de instituições financeiras. Embora focalizados numa pesquisa de natureza acadêmica, na qual registramos os pontos de vista de alguns autores sobre os principais conceitos, restrições e técnicas relacionadas ao assunto, exteriorizamos, ainda, em algumas situações, nossa própria opinião, baseada na experiência pessoal adquirida em segmentos específicos do sistema financeiro nacional, ao longo do tempo. Na verificação empírica, aplicamos os métodos de análise horizontal e vertical de balanços, os índices econômico-financeiros e os indicadores de valor agregado aos balanços patrimoniais e demonstrações de resultados de seis grandes bancos comerciais e múltiplos do sistema financeiro nacional, nos exercícios sociais de 2004 e 2005, em moeda de 2005. O teste experimental constata que a análise de instituições financeiras do sistema financeiro nacional, realizada a partir dos demonstrativos contábeis de publicação é eficaz, não obstante as limitações de informações inerentes aos relatórios contábeis sintéticos em geral

This master's thesis is focused on drafting corporate financial plan for a selected company which is Drevopal, s. r. o. The diploma thesis consists of 3 parts. The first is the theoretical part which contains the theoretical basis for creating a financial plan. The next part presents and analyzes the company Drevopal, s. r. o. The company's analysis consists of a strategic and financial analysis for the period 2015-2019. In the last part, the financial plan of the company is created in two variants, optimistic and pessimistic.

My thesis is focused on the Business Register of Financial Statements of Companies. This thesis is divided into two parts. Firstly, the basic characters of Financial Statements are described, for example the balance sheet, the income statements, the statement of cash flow, audit of the financial statement. Companies must publish their financial statements in the business register. The practical part is focused on the analysis of this obligation. In the end this thesis has been evaluated situation in publication of the financial statements. 50 % of companies published the financial statements in 2010. There are differences in the publication of the financial statements of individual group of companies. For example it is in legal form. The publication of the financial statements for joint stock companies is around 75 %, but the publication of general partnership is only 20 %.

This study aimed to develop a causal chain that illustrates the path through which a variety of factors influence consumer financial vulnerability. In order to achieve the stated aim, it was necessary to firstly identify the factors that gave rise to consumers being financially vulnerable. Secondly, the nature of the causal chain between the identified factors was determined. Thirdly, the causes of consumer financial vulnerability according to key informants in the financial services industry were determined. Finally, based on the results of the first three stages, possible explanations for consumer financial vulnerability were provided. Before the construction of the causal chain could be explored, a theoretical framework regarding household financial position as well as financial attitudes and behaviours was provided. The theoretical framework was supported by a description of the linkages through which consumers function and transact in an economy by applying chain reasoning. The chain reasoning was extended by providing financial statements reflecting the results of consumers’ interactions in the macroeconomy with an extract from the national accounts of South Africa presenting the income statements, balance sheets and relevant financial ratios of consumers for the period in which the research was conducted (2008 to 2009). For this study, the explanatory sequential mixed methods design was deemed appropriate to achieve the proposed research objectives. The research process firstly consisted of a quantitative strand where the possible causes for consumer financial vulnerability were identified after which the results were validated with data obtained in the second phase by means of four focus group discussions. To determine the factors giving rise to and establish the causal chain of overall consumer financial vulnerability, regression analysis was conducted. Based on the results of the regression analysis, it became evident that the financial vulnerability chain is not a singular linear process but rather a non-linear process (with contemporaneous and singular linkages) with a variety of factors influencing financial vulnerability, but also influencing each other over time. / Management Accounting / D. Accounting Science

This study aimed to develop a causal chain that illustrates the path through which a variety of factors influence consumer financial vulnerability. In order to achieve the stated aim, it was necessary to firstly identify the factors that gave rise to consumers being financially vulnerable. Secondly, the nature of the causal chain between the identified factors was determined. Thirdly, the causes of consumer financial vulnerability according to key informants in the financial services industry were determined. Finally, based on the results of the first three stages, possible explanations for consumer financial vulnerability were provided. Before the construction of the causal chain could be explored, a theoretical framework regarding household financial position as well as financial attitudes and behaviours was provided. The theoretical framework was supported by a description of the linkages through which consumers function and transact in an economy by applying chain reasoning. The chain reasoning was extended by providing financial statements reflecting the results of consumers’ interactions in the macroeconomy with an extract from the national accounts of South Africa presenting the income statements, balance sheets and relevant financial ratios of consumers for the period in which the research was conducted (2008 to 2009). For this study, the explanatory sequential mixed methods design was deemed appropriate to achieve the proposed research objectives. The research process firstly consisted of a quantitative strand where the possible causes for consumer financial vulnerability were identified after which the results were validated with data obtained in the second phase by means of four focus group discussions. To determine the factors giving rise to and establish the causal chain of overall consumer financial vulnerability, regression analysis was conducted. Based on the results of the regression analysis, it became evident that the financial vulnerability chain is not a singular linear process but rather a non-linear process (with contemporaneous and singular linkages) with a variety of factors influencing financial vulnerability, but also influencing each other over time. / Management Accounting / D. Accounting Science