Thesis
“Propuesta de una iniciativa de reportes de información financiera global, para incrementar la transparencia del valor de las grandes organizaciones”
Autor
ORDAZ GONZÁLEZ, NAVANI ARLETTE
Institución
Resumen
This research aims to propose an option that will help create transparency in financial reporting in Mexico and in the world. The reason that I chose to work in this issue is because in the last decade there have been shameful corporate events, thorough which they have gotten strong earnings but in the end, were discovered, but not by regulators but by errors caused by the same companies. But, how many companies will now be in the same case of Enron and WorldCom?, to name the most famous, where companies like these are easily in the application of values, ethics and social responsibility.
Of course we can not be forgotten the great crisis of 2008 where the main actor was the subprime mortgages. Issues like this will speak to throughout this work, from how it is and what were the grounds on which it relied to generate large profits and how it is currently the U.S. government has implemented laws that can detect these acts.
To understand more about the fraudulent companies like Enron took place it is necessary to understand how financial information is strucutred so that we serve, who is directed and in accordance with this information what value we can give the company.
Therefore it was important to give a thorough explanation of basics of accounting, as well as the most important financial statements, which are through which we can get an objective idea of the current situation of a company. It was important to mention all those aspects that are involved in financial reportin, in addition to a few comments from some deficiencies tha I think are clear in the performance of the financial statements, but not deeply into the subject because it is not the objetive of this work to detect errors in the accounting.
What is the rationale of this work is to propose a way that helps substantially to the transparency of financial information in order to create greater confidence to both investors and suppliers, employees and anyone who is interested in financial of a company and why not facilitate the work of auditors.
And as in life and in business it is important how to think, act, analyze and make decisions, we can not leave out the values and moral principles that are supposed from the family are ingrained and entrenched and well all define our attitude in all aspects of life. Therefore, in this work, there is a section devoted to ethics in business and how some companies in spite of ethics and values are betrayed by ambition, which leads them to commit corporate fraud, no matter who or how this can affect the lives of many people.
For this and many similar events, over time, governmets have created various regulatory agencies that are part of its financial structure and to understand more about this in the section of Chapter 3 mentions the financial structure of Mexican, American and European and some world organizations for the purpose of analyzing the function of each one.
Often the easiest way to learn quickly what is happening in the world, is using one of the most powerfull tools of information “the internet”, which is part of the Information and Communication Technologies (ICTs), these have taken a privileged place in the human activity and has enhanced the way people communicate and gain knowledge, so the end of this research in Chapter 5 explains and outlines a proposal which must be able more transparent financial reporting by all companies, both Mexican and foreign, since the purpose of this is to form a database of all companies in the world where they deposit their annual financial reports. With this tool would be able to prevent and detect fraud, since the auditors would have more on hand, all the necessary information to conduct quality analysis in addition to having the ability to compare, such as a cash flow statement from two different companies and they were connected by some trade or business With the facility to download or view directly in the web site information.