Enfoque de la metodología financiera para el análisis del presupuesto de capital y viabilidad de la alternativa rentable.

Abstract

Among the important decisions to be taken by the company are the investments, which are based on a rigorous analysis of accounts, from which profitability will be established on the cost of capital employed, for this reason it is proposed to analyze in a Theoretical and practical investment analysis tools by means of the analysis of a practical case to be able to establish its relevance when making a financial decision, for this purpose the accounting information corresponding to two investment projects has been taken, to the same ones has applied the respective tools of financial analysis as a methodology; In the first project, revenues correspond to 6,019,230.84 for the first year of operation, while for the second, annual revenues will increase by 15% up to 10 years, with these scenarios, project A presented a NPV of $ 10,938,163.98, the IRR 19%, the investment would recover in five years, 9 months, 8 days, the accounting return is equal to 3,356,312,812 and the equivalent annual cost 16,132,348.41, while for the project B, this presented a negative NPV of $ -4,790,158.64, the IRR of 8%, accounting return of 1.65 and annual equivalent cost of 7,064,851.86. The Payback was not necessary in the second project because it would generate losses. After evaluating the two projects, it is concluded that project A is profitable according to all the indicators analyzed, since the investment is recovered, while in the second one it does not.