Situación financiera de Unión Provincial de Operadoras de Transporte en Taxis de El Oro en el periodo 2016 y 2017.

Abstract

A financial statement is a document in which the current situation of the user is known at the end of the fiscal year. It stipulates the financial structure of the entity, its assets, liabilities and equity, as well as the economic results, income, expenses and profits that were made over a given period. The financial statements are useful for various reasons, depending on the person who requests them and consult them. To the internal users it allows them to know how much they spent, saved, invested, etc., which tends to translate into a better planning for the following year. To those who make investments, it allows them to know how profitable it is, and it facilitates the possibility of establishing strategic alliances. To the suppliers and banking institutions it allows them to discern the operational risks and if it is advisable to grant them financing. The financial statements are important because they are serious documents with official validity that allow having a very organized idea about the economic and financial situation of an entity. The most important thing, through an adequate analysis of their items, allows not only to know the past and present of the business activity, but also helps to understand the evolution and future perspectives of management, which facilitates decision-making processes based on to technical foundations provided by the analysis and interpretation of the financial statements. The financial diagnosis can be defined as an analysis that consists in observing the real situation of the company in a determined time, allowing to reveal difficulties, project solutions and devise strategies oriented to maximize the positive aspects. By examining the accounting information, through the application of mathematical techniques and procedures, it is possible to study in a clear and effective way the levels of indebtedness, ability to pay, what was saved, what was the level of investment, what resources economic generation, which was spent more, what were the benefits obtained and if these are the most appropriate for the sustainability of the organization. Under these arguments, the study problem is limited in the importance of conducting evaluations and studies of the financial statements that allow to establish correct judgments about the levels of liquidity, solvency, profitability, growth opportunities, destination of the cash flows. , among others. In this way, it has been considered to carry out the present investigation in the company of Provincial Union of Transport Operators in Taxis of El Oro, a trade association whose activity is the defense of the interests of its members, where no processes of analysis and interpretation of its financial statements. Consequently, the purpose of the present investigation is to know the financial situation of the Provincial Union of Transport Operators in Taxis of El Oro in the 2016 and 2017 period. For this purpose, a study methodology was established with a quantitative and type approach. descriptive, additionally to base the findings, the documentary-bibliographic research modality was used. The results of the research, is aimed at providing the board and partners of the organization with a detailed analysis of the economic-financial situation of their business management, which will contribute to making the right decisions for the development of their activities.