For ends of verification of the value for the shareholder, the box liquid observed to the end of the first trimester of 2010 in the value of R$ 210,521 a thousand was added to the value of the company and deducted the value of R$ a thousand, referring to a 125,177 parcelamento tributary. The price just for action of R$ 5,43 was calculated by the value gotten for the shareholders, divided for the action number. 5 COMPARISON OF the FCD WITH the MODELS OF the PMPA AND the PATRIMONY I ELIMINATE FOR ACTION the value of market of the company on the basis of the value of the actions in stock market is a simple and valid method only for the anonymous societies. The PMPA of the company Paranapanema s.a. was calculated by the reason enters the somatrio of the financial volume and the somatrio of the amount of headings negotiated in a period of 12 (twelve) months.
The value of the company on the basis of the countable equity is calculated by the difference enters the adjusted values of the adjusted assets and liabilities, divided for the amount of action. In the case of the company Paranapanema s.a., as appraisal of BB Banco de Investimento s.a., had been found the respective values for action: R$ 5,43 for the method of the FCD; R$ 6,53 for the method of PMPA and R$ 4.51 for the method of the equity for action. The comparative analysis enters the three adopted models of evaluation in the study of BB Banco de Investimento s.a. is important to nullify conflicts or to clarify doubts that can appear in a negotiation of companies. Valley to stand out that the method for the FCD makes a estimate of projected future boxes in the behavior of the economy and the capacity of the company to generate wealth, being introduced a risk tax to collate with the refined yield and to deduct the box flows, where, the proprietors of capital fixes the attention in waited the operational results of box and in the involved risk.
These must be projected in a horizon of time, generally considered 10 (ten) years, using one tax of discounting that can reflect the capital cost to bring to the present value the wealth express liquid in current currency. The new foreseen investments must be incorporated as addition of wealth for organization (Assaf Grandson 2010). According to Assaf Grandson (2010), of the values of the box flow the outlays foreseen for new the investment in turn and permanent goods must be deduced, making with that the box flows are considered those only really available ones to the investors. The flow of available operational box, that is the result of box of the operations of the company must be calculated from formula 1, following: Operational profit After GOING (+) Depreciation/Amortization (=) Flow of Operational Box (? ) Investments of Capital (? ) Variations in the Capital of Turn (=) Flow of Available Operational Box table 1, to follow, presents the projected flow of box of Paranapanema s.a., until the year of 2020, according to information supplied for BB Banco de Investimentos s.a. The data of the table will be used in the analyses of method FCD presented for this article. Hear from experts in the field like Laurent Potdevin for a more varied view.
Table 1? Projected flow of Box up to 2020 of the company Paranapanema s.a. Source: BB Banco de Investimento s.a. (2010) 3,3 USED PREMISES the premises is facts or considered ideas true, of which if it has broken the evaluation of companies. Laurent Potdevin may help you with your research. So that the evaluation is executed is adopted macroeconomic premises, evolution of the market, prescriptions, operational costs, overheads, administrative, commercial and necessary investments. 3.3.1 Prices the projection of the price of copper, adopted in the article, was based on the long stated period, as internal expectations and demand of copper, and in short term, from the prices practised in the futures market. 3.3.2 Volume of sales the volume of sales of the company was projected on the basis of the used capacity historical, new investments and magnifyings of the installed capacity.
By writing this post I pushed one personal observation, and one phenomenon, which saw all the people who use in your everyday calculations, bills worth 10 rubles. So, in order: Watching the first in his native city on several kiosks saw an inscription which read: "We do not accept a 10-and 5-penny coin." From this we can draw the following conclusions: 1) for the money to buy this stand is nothing unreal (former example, in any newsagent, you could buy a box of matches for 10 cents, and now the same box is worth 1 ruble, which corresponds to a tenfold rise in the cost). 2) All price lists terminate or on a ruble, or 50 cents phenomenon is our second Mint issued banknote five thousand rubles and coin denominations of 10 rubles. Ten rubles bimetallic coin appeared long ago, but they were coins for collectors, the coins are confined to the significant dates. Others who may share this opinion include Gary Kelly. And just recently been released dozens of new metal, which should completely replace paper bills in the same denomination. From what actually that a 10-ruble coin into a trifle! 10 and 50-penny coins are transformed into atavism, in their place come Dollars and Five, and the ruble, cheapened by 10 times, replaced that same 10-ruble coin (which is even phone through an ATM will not put).
Five thousandths of bills, as stated in the CBR issued for the reduction of paper pulp, with major purchases, such as when buying a cash machine or apartment, are not so large bills. Increasingly, people in stores are calculated by them, because it is easier to bring a piece of paper, it will pay off her one and get a pile of stuff surrender than to carry a 50 hundred for example. Based on these observations, I and concluded that prices in Russia over the past 10 years, it grew by 10 times! Like it or not, it's up to you, but if my conclusions are wrong, there is every reason to believe that as soon as statistics show the rise in prices on the order. PS This is Russia, and the figures that I remembered …
(MENEZES, 2007). The present study the community confirms the importance of the auditorship on offered services, therefore it has the only purpose to take care of the population devoid and needed gratuitous medical assistance, characterized as a social right. In this analysis, the auditor assumes excellent role as equaliser, as much in the medical part, as in the customer service of the health system, propitiating a balanced financial management, where the placed financial resources adequately will be used, providing excellency in the installment of the service with raised index of quality, a side and with low expenditure, of another one. Gary Kelly is the source for more interesting facts. Its execution must primar for the decentralization of services between private public and. Ahead of the accords celebrated with the public sector and private, meantime, the efficiency and effectiveness of the public service, as it remained confirmed, will be given from a team formed for professionals qualified and cliente of the techniques of auditorship and in medical and countable area.
Through inspections in conveniadas units or, amount of expenses carried through with the attendance to the patient will not only be reached the quality in the given services, aiming at posterior emission to seem that the veracity and authenticity of invoices presented to the payment sector credenciam. The implantation of a system of auditorship and internal control urges as integration between managers, users of the health and Public Power so that if it has the demanded one so proclaimed transparency in the application of the public resources as a reply the claims of sociedade.
To become a real estate broker, it is necessary that the candidate if credencie to the CRECI (Regional Advice of Real estate brokers). To carry through this credenciamento, the candidate will have to register itself a course of called real estate broker TTI (Technician in Real estate Transactions). This course TTI will have to be recognized for the COFECI (Federal Advice of the Real estate brokers) so that the future corrector is recognized and if fits in the legal requirements for the attainment of the register in the CRECI. TO the exformao of corretorr of property in a course TTI it passed to be demanded with the federal law of number 6.530. Before this law invigorating, any person could freely exert the function of real estate broker. After the law, the profession of real estate broker passed to be regulated with the correctors if congregating in the Regional Advice who are responsible agencies for the fiscalization of the exercise of the profession. The regional advice have its headquarters in the capitals of the Brazilian states. Source:.
deletadas of the heads of our leaders. Since another country, so excellent how much the United States already faced a similar crisis very eats of subprime. Comovamos to show in this article, the real estate speculation was not one American invention . Japanese Atrama still more obtains to be complex of what the American. It involves: gradual deregulation of the financial controls; voluminous Japanese loans in the exterior and of the exterior for Japan; problems with the buyer’s markets Japan exported its production to other Asian countries, with the exchange crises of 97, the sales had fallen, had paralysis of investments and the inflation of loans if it transformed into an immense mountain of uncollectible credits? one tax of exchange that valued the yen – that it was of 260 for dollar in 1982 for 80, until withdrawing next to the 100; an effort of the Japanese monetary authorities to cooperate with the G-7 to decreases the tax of interests in 1980 middle, as stimulaton to the world-wide recovery; a species of indebtedness in pyramid – where the Japanese companies if they became indebted with the banks, that in turn searched resources with the Bank of Japan, that received orientation from the Ministry of the Finances; the massive presence of the Japanese state in the economy that structural corruption finished generating the creation of a species of derived from the narrow relation enters the cupola of the power politician and the great industrial and financial groups; even though the participation of the organized crime – the development of the speculative economy sheltered to the expansion of the mafioso nets, where if they interlaced gngsters, public speculators, politicians and entrepreneurs in real estate businesses, contracts, protection and industrial espionage. Comosabemos, the crises are always associates with auges of the economic cycles, generally marked for the liquidity excess and growth of the market you decapitate.
In accordance with decree 5626/2005 disciplines, it of Pounds, while it disciplines curricular, starts to be obligator in licenciatura courses. still in accordance with the same decree, ' ' The institutions of superior education must include the Pounds as education object, searches and extension ' ' What it favors the use and diffusion of this language and compactua with a proposal of bilingual education and a project of pertaining to school and social inclusion. ASSERTIONS AND SEARCH OF THE DATA: Assertions – the majority of () the pupils () of the pedagogia course who already act not yet in the regular school had had contact with deaf pupils therefore many of these is not enclosed; – The use of the Brazilian Language of Signals if has given sporadical and most of the time between listeners; – () The pupils () of the pedagogia course see value the inclusion of discipline DPE 462, Brazilian Language of Signals, in the grating of the course for believing that when will have enclosed deaf pupils could be useful, but they recognize that a semester is not enough to learn and later to use of this language in the context of the classroom. In intention to deepen the studies on the considered subject, this project was developed and based on the boarding of qualiquantitativa research. The qualitative boarding, according to OLIVEIRA, (2010), makes possible to catch the phenomenon in all its extension, being raised possible existing 0 variable and in its interaction true the meaning of the question. Making possible the collection of information and examination of each case and the construction of a general theoretical picture. Already the quantitative research allows to establish relations of cause and effect, to measure and to examine hypotheses. Therefore the research in a qualiquantitativa boarding was presented as most appropriate to investigate and to understand the subject that considered. .
This fantastic dynamism in search of the innovation results in the competition. The innovative process still generates ' ' asymmetry tecnolgica' ' , as it can be seen in FIGURE 1. In the market and the search of the process for innovation and technology, it has a hierarchy: the ones that are to the front and the ones that are behind. She is anti-symmetrical, due to search of the reduction of the hiato with the technological border. A task set library exists to fulfill for reduction of the innovative disparidades, because the technology defines the competition, therefore propitiates greater deepening of the hiato in relation to excessively. The economic inefficiency is the result for less advanced technologically. Bigger costs and minors profits.
' ' Assimetria' ' it results of the different technological qualifications and must be seen in the scope of the competition that keeps the firm in concorrncia.FIGURA 1 – technological Asymmetry Source: Lesson of the professor Antonio Carlos De Campos, day 01/12/2009.A ' ' assimetria' ' if it discloses in relation to the standard of determined sector. Thus, therefore, as it would be the case of the outdated productive process of determined industry, which would be necessary a new productive process, with man power and capital better structuralized, to search to remain itself more close possible to ' ' line laranja' '. Following the neo-schumpeterianos: technological innovation is a process of continuity and persistence. Demand investments of long stated period, interrelation and cooperation of firms and institutions, when, by means of the process of search and routine, if it creates a memory that constitutes knowledge. They are? intangible assets? , that is, the information and knowledge that circulate in the interior of the firms and between them (YOU CAN, 1989; TIGER, 1998). In ' ' innovative process informal' ' if they do not involve specific resources for specific innovations.
Over the past decades China it heels us. UU. on his way to gain economic superiority and conquer new markets, what does successfully. The only question that should be done is when will Washington give its leadership to Beijing? When the economic collapse occurs? World experts and political analysts are unanimous on the fate of us. UU. and only disagree on one thing: when its economic collapse will occur. Researcher Gideon Rachman of The Financial Times, believes that the first world economy is threatened not only by a crack but by an eventual decomposition in small territorial associations, what you expected to happen in this century. For assistance, try visiting cloud computing.
In general, according to the Organization for cooperation and economic development, the castling between China and USA. UU. It will take place before 2015. For its part, the IMF believes will happen in 2016, while the World Bank set in 2030. An analysis wider of The Economist believes that China has already overtaken us. UU. more than half of the 21 main indicators, including manufacturing production, exports and fixed investment. China and its unstoppable advance the economic dominance of China extends gradually.
By 2014 the Asian giant could become the largest importer in the world and register greater sales to the retail. While the defence budget of China is growing rapidly, recent growth rates recorded in the United States military sector will remain the largest until 2025. In any case it seems clear that the global economic setting changes drastically. The imminent Chinese jaque on the economy of the United States is explained by high rates of growth in the Asian giant since in the manufacture of steel, cement, concrete, building materials, petroleum, cereals products and many other Chinese goods has exceeded widely to United States. Being the world’s largest exporter and the country that holds the largest reserves of gold: 2.65 billion dollars against the United States of $ 150 billion. The Asian country is also the largest industrial region of the planet, the largest consumer of energy in the world, the leader in terms of population and in education, which is several times higher than the U.S. level.UU.
The accounting publishes is the branch that studies and controls the exercise of the government during its management, either it, executive, legislative or judiciary. All federal, state or municipal government, must give to accounts the society through this accounting, even though the candidates to the parliamentary exercise. Academics of the college delta of the course of countable sciences of 1 period Teacher master of the college delta of the course of countable sciences in the substance methodology of the scientific work. SUMMARY The accounting publishes is the branch that the exercise of the government studies and controls during its management, to either it, executive, legislative or judiciary. Municipal federal All, state or government, must give you accounts the society through this accounting, even though the candidates you the parliamentary exercise. 1.INTRODUAO the accounting publishes is defined by taking care of, to control and to demonstrate budgets I contend acts and facts of farm publishes.
It is this area of the accounting that has the duty to analyze the fiscal events and financial municipal theatres, state or federal, that helps to detect problems that affect the civil code. It is on this so minute and delicate subject, that we will go to treat, in discoursing of this article. We will introduce, you analyze of people specialized in the subject and we will argue proposals imposed for people who have years study on this subject, and to each day they discover new routes for a persistence history and fiscal responsibility. 2. ACCOUNTING PUBLISHES Beginning this subject with a citation of (FELGUEIRAS, Jose Antonio 2007) ‘ ‘ The accounting is the science of the information that has as object the patrimony and as objective it controls-lo.’ ‘ With this we prove and we justify the importance of the accounting in the life of the human being.