FINANZAS PARA DIRECTIVOS
FINANZAS PARA DIRECTIVOS
Eduardo Martnez Abascal
IESE Business School
Universidad de Navarra
Con la colaboracin de
Javier Aguirreamalloa Arizaga
IESE Business S
consiste en manipular la
para aprovecharse de
los vacos de la
normativa existente, y
diferentes prcticas de
valoracin que sta
la contabilidad creativa
Max - VENTAS (EN KG)
Esi practice SA de CV
Estado de Situacion Financiera al 31 de Diciembre 2015-2014
Expresado en dolares americanos de Estados Unidos de America
Efectivo y Equivalentes
Cuentas por cobrar
CASO PRCTICO LECCIN 3
USO DE REGISTROS LEGALES
Ponderacin de la actividad: 5 puntos
Indicaciones: La empresa Inversiones ESI S.A. de C.V. le presenta el libro diario de las operaciones del periodo
2016, su primer objetivo es identificar las operaciones qu
CONTABILIDAD DE COSTOS
Diferencia entre costo y gasto.
El costo est dirigido a la produccin.
El gasto es todo lo que tiene que ver con la comercializacin y administracin del producto.
Clasificacin de los costos:
De acuerdo a su variabilidad o comportami
Cost of Goods Sold
net operating income
$29,700.00 $ 79,200
selling and administration expense
Beginning merchandise inventory
Score: 1161120 Points 96.67 as
*1 Quason 1 [01'30] v )
1_ ward: 4 out of 4.00 points
On July 3. a re destroyed the entlre merohandlee Inventory on hand of Larrenaga Wholesale Corporatlon.
The followlng Informatlon Is evallehle:
Sales, Jenuary1 through Jul
Score: 116.70J'120 Points 97.25 at
< Queelion 1(01'36] v >
1 _ Award: 3 out of 3.00 points
Recent nancial statement data for Harmony Health Foods [HHF] Inc. is shown below.
Capltal stock 200 Net Income
Total shareholders' equlty
Score: 116.70l'120 Points 97.25 at.
< Question 1 [uf36i v >
1_ ward: El out of 3:) points
Recent nancial statement date for Herrnenyr Health Feeds iHHF] Inc. is shown below.
HHF'e debt to equity ratie ie [reu nded:
Debt to equity.r ratio: $5
SCOPE: 120120 Points 100 BE.
< Questionuarsm v >
1_ Award: 4 out of 4.00 points
Dlm Corporatlon purchased 1.000 shares of Wltt Corporation stock In 2013 tor $05.10 per share and classled
the Investment as securities available for sale. Witts market value
Ski West, Inc., operates a downhill ski area near Lake Tahoe, California. An allday adult lift ticket can be
purchased for $50. Adult customers also can purchase a season pass that entitles the pass holder to ski
any day during the season, which typically
Problem 8-3 Costs Included in Inventory [LOB-2, 8-3]
Reagan Corporation is a wholesale distributor of truck replacement parts. Initial amounts taken from
Reagan's records are as follows:
Inyentory at December 31 (based on a physical count
of goods in Reag
1, Award: 0 out. of 200 points Show my answer
On March 1, 2015, Beldon Corporation purchased land as a factory site for $54,000. An old building on the
property was demolished, and constmction began on a new building that was completed on December 15,
Score: 49.31350 Points 93.62 s,
< Question 1 cfw_of 24 v >
1_ Award: 2 out of 2330 points
Independent auditors express an opinion on me:
0 Quality ofa companys management.
0 Soundness of a company's future.
0 Accuracy of nancial statements.
a . Fairness o
Problem 41 Comparative income statements; muttlpIe-step format [LCM-1, 4-3, 44, 45]
Selected inforrrration about income statement accounts for the Reed Company is presented below (the
company's fiscal year ends on December 31:
Sales 33 4,600,000
Listed below are several terms and phrases associated with the accounting processing cycle. Pair each
item from List A (by letter with the item from List B that is most appropriately associated with it.
It 1 Source documents . Record of the dual effect of
Tracy Company, a manufacturer ot air conditioners, sold 200 units to Thomas Company on November 1?,
2015. The units have a list price of $550 each, but Thomas was given a 30% trade discount. The terms oi
the sale were 31'10, rn'30.
1. Prepare th
On January 1, 2016, the Allegheny Corporation purchased machinery for $1?2,000_ The estimated service
lite ot the machinery is 10 years and the estimated residual value is $18,000. The machine is expected to
produce 350,000 units during its lite.
1_ Award: 0 outorzoo points SHWWeWr
The December 31, 2016, yearend inventory balance of the Raymond Corporation is $248,000. You have
been asked to review the following transactions to determine if they have been correctly recorded.
. Goods shipped to Ray
1_ Award: 0 out $2.00 points Showmanswer
Herman Company has three products in its ending inventory. Specic per unit data tor each of the products
are as follows:
Pmduct1 Pmduth Pmduct3
Cost $20 $ 90 $50
Selling price 40 120 70
Costs to sell 5 40 10
Problem 10-5 Acquisition costs-journal entries [LOIO-1, 10-3, 10-6, 10-8]
Consider each of the transactions below. All of the expenditures were made in cash.
1. The Edison Company spent $20,000 during the year for experimental purposes in connection with
Problem 12-7 Securities held-to-maturlty, securities available for sale, and trading securities [LO12-1, 12-2, 12-3]
Amalgamated General Corporation is a consulting firm that also offers financial services through its credit
division. From time to time th
FF&T Corporation is a confectionery wholesaler that frequently buys and sells securities to meet various
investment objectives. The following selected transactions relate to FF&T's investment activities during
the last two months of 2016. At November 1, F
Problem 11-6 Depreciation methods; partial-year depreciation; sale of assets [Lon2]
On March 31, 2015, the Herzog Company purchased a iactory complete with machinery and equipment.
The allocation of the total purchase price oi $940,000 to the various type
Problem 11-5 Depreciation methods; partial-year depreciation; sale of assets [Lon2]
On March 31, 2015, the Herzog Company purchased a factory complete with machinery and equipment.
The allocation of the total purchase price of $950,000 to the various type
1_ Award: 3.10 out of 10.00 points Show W 8W
Problem 5-2 Performance obligations; warranties; option [LOE-2. 5-4. 5-5]
Creative Computing sells a tablet computer called the Protab. The $?80 sales price of a Protab Package
includes the following:
- One P
The following is the ending balances of accounts at December 31, 2016, for the lllalley Pump Corporation.
Am Title Debits Coedts
Accounts receivable 90,000
Interest payable 2T,000
Mark etable securities T9000