PULSEBUSINESS.COM
NO. 01
3J'S
BUSINESS MAGAZINE
FINANCIAL STATEMENT ANALISIS Coca Cola Financial Analysis
CURRENT ASSETS & LIABILITIES An exclusive interview with visionaries, innovators and leaders that changed how we look in the world.
TEAM #10
INDUSTRY 4.0 Blockchain Accelerating Smart manufacturing
UNIVERSIDAD AUTÓNOMA DE NUEVO LEÓN
FACULTAD DE CONTADURÍA PÚBLICA Y ADMINISTRACIÓN LIC. NEGOCIOS INTERNACIONALES
FINANACIAL STATEMENTS GRUPO: 4CI
PIA
DOCENTE: REYNOL ELOY VILLARREAL GONZALEZ JESÚS ALBERTO VÁSQUEZ ÁVILA 1886059 JORGE ANTONIO CONTRERAS PARRA 1824565 JEAN DIXON MONTANO OSORNIO 1847046 CAROLINA LEDEZMA GONZALEZ 1750846
12/11/2020. SAN NICOLÁS DE LOS GARZA,
CONTENIDOS, Ă?NDICE
INDEX
02
Introduction
18
Current Liability Managment
03
Coca-Cola, Fianacial Statements
24
Industry 4.0
09
Finantial Ratios
29
Personal Conclusions
12
Current Asset Managment
32
References
INDRODUCTION In this work we will talk about various topics related to financial statements. In the first section of the virtual magazine, we will focus on the analysis of the financial statements of the Coca-Cola company, as well as the Income Statement, Balance Sheet and Cash Flow Statement. Applied the concepts acquired throughout the course and analyze its liquidity, profitability, sustainability and debt. As well as we will see specific cases, either through news or articles related to the current assets management and the current liability management. In order to observe in a practical way and exemplified real life cases, these concepts. While in the last section we will focus on Industry 4.0 and how it emphasizes the digital technology of recent decades and takes it to a whole new level with the help of interconnectivity through the Internet of Things (IoT), access to data in real time and the introduction of cyber-physical systems, with the help and exemplification of real cases, which companies currently apply.
PAGE 2
COCA-COLA OVER THE WORLD WE ARE PASSIONATE ABOUT DRINKS IN 200+ COUNTRIES, WITH 500+ BRANDS — FROM COCA-COLA, TO ZICO COCONUT WATER, TO COSTA COFFEE. OUR PEOPLE ARE AS DIVERSE AS OUR COMMUNITIES, WITH 700,000+ EMPLOYEES ACROSS COMPANY AND BOTTLING PARTNERS. OUR PEOPLE CREATE A CULTURE OF INCLUSION, CURIOSITY AND DIVERSITY — AT WORK AND IN OUR COMMUNITIES.
PAGE 3
Income Statement
PAGE 4
Balance Sheet
PAGE 5
Balance Sheet
PAGE 6
Cash Flow Statement
PAGE 7
Coca-Cola's Financial Ratios PROFITABILITY RATIOS: Profit Margin Net Income Sales
23,936
Return On Assets Net Income Total Assets
10.33%
Return On Equity Net Income Total Equity
42, 587 PAGE 8
ASSETS UTILIZATION RATIOS: Receivable Turnover Sales (credit) Receivable
8.39
Average Collection Period
Account receivable Average Daily Credit Sales
43
Iventory Turnover Sales Inventory
4.3264
Fixed Asset Turnover Sales Fixed Assets
0.4122
Total Assets Turnover Sales Total Assets
0.47 PAGE 9
LIQUIDITY RATIOS. Total Assets Turnover Current Assets Current Liabilities
1.17
Total Assets Turnover Current Assets- Inventory Current Liabilities
0.96
DEBT UTILIZATION RATIOS. Debt to Total Assets Total Debt Total Assets
0.49
Times Interest Earned
EBIT Interest
13.76
Fixed Charged Coverage
income before fix charges and taxes. Fixed Charges
4.05 PAGE 10
TWITTER USERS
FINANCIAL STATEMENT ANALYSIS
Regarding liquidity, we can see that the company has positive numbers, in case of debt it has a wide margin to pay its debtors,talking about profitability, it also has positive numbers since it has a wide profit margin,related to debt does not have a large amount does not have alarming numbers PAGE 11 PAGE 10
CURRENT ASSET MANAGMENT News & Articles
DUN & BRADSTREET BUYS ORB INTELLIGENCE.
ON FORBES LISTS
#225: AMERICA'S BEST MIDSIZE EMPLOYERS 2019
Dun & Bradstreet, which provides business decisioning data and analytics, has acquired Orb Intelligence, a digital business identity and firmographic data provider. Dun & Bradstreet is doubling down on data intelligence and management. This week's acquisition comes after the July acquisition of customer data platform (CDP) provider Lattice Engines, one of a few notable acquisitions in the CDP space in 2019.Orb Intelligence provides a database of information and attributes on 57 million companies, according to Dun & Bradstreet officials. It includes insights into things like web domains, URLs, IP addresses and social networks. The software addition provides Dun & Bradstreet with a global repository of firmographic data for customer profiles.
#250: BEST EMPLOYERS FOR DIVERSITY 2019
PAGE 12 N/P
ARAMCO IS WORTH MORE THAN EXXON MOBIL AND APPLE FOR SUCCESSFUL IPO ITS SHARES CLIMBED TO A MAXIMUM ALLOWED OF 10% ABOVE ITS IPO PRICE ON ITS DEBUT ON THE RIYADH STOCK EXCHANGE.
Saudi Aramco shares rose to a maximum allowed 10% above the price of its Initial Public Offering (IPO) on its Riyadh debut on Wednesday, approaching the $ 2 trillion valuation that the crown prince wanted. from Saudi Arabia, Mohammed bin Salman. The shares opened at 35.2 riyals ($ 9.39) each, above the IPO price, which was set at 32 riyals and the daily limit of price movements of the Tadawul index.
RELATED ARTICLE. Oversubscribed Allegro IPO a big win for the Warsaw Stock Exchange. October 12 was a good day for Polish e-commerce platform Allegro. Not only was its initial public offering (IPO) on the Warsaw Stock Exchange the most successful in the bourse’s history, the firm immediately became Poland’s biggest listed company.
This gives the state-owned oil giant a market value of about $ 1.88 trillion, making it easily the largest listed company in the world, although it will have one of the free floats (shares traded on the market) smaller, with only 1.5%. The market value is more than six times that of the US giant Exxon Mobil Corp; more than double the annual Gross Domestic Product of Saudi Arabia; and well ahead of US tech firm Apple, close to $ 1.2 billion.
PAGE 13
FIVE
WAYS
INVENTORY
TO
IMPROVE
YOUR
MANAGEMENT
BY DEREK BROMAN If you’re an e-commerce pro or small
3. Reduce unauthorized traffic in your
business owner, improving your inventory
storage facility.When a business takes off,
management can help you identify
owners often delegate hiring to members of
opportunities to free up limited capital.
their leadership team. Uniform shirts and
Here are some methods used to improve
access cards can make sure that everyone
inventory tracking and management:
who is handling inventory has been trained
1. Outsource your inventory management
and vetted. Simplicity and order are crucial
to a third-party automation system. I put a ready-made inventory management
Beyond capital allocation, correct inventory tracking and management has helped me to use my physical storage space and transportation resources more efficiently, identify trends in consumer desires and popular products, and proactively prepare to meet stocking needs
solution in place because I hate reinventing the wheel. Many of the larger, more well-known inventory management systems let you front-load your data entry efforts for greater accuracy and faster workflow in the long run. .2. Perform regular cycle counts more often than once per year. When you are automating your inventory, you need to conduct physical inventory counts more often than once per year. A small problem will snowball by the time you catch it. Regular cycle counts allow you to catch small discrepancies as soon as
when you are focused on accurate inventory management. 4. Label every space and item.My dream is to have a warehouse that is so wellorganized, anyone can show up and know what goes where and why. This starts with labeling every storage space and inventory item. At first, you will run into no end of problems to solve. But soon you will discover all sorts of opportunities. Your top-selling item can be kept right next to the loading dock to cut down on warehouse traffic. You can store twice as much of X if you put in smaller shelves. The sooner you do it, the better. 5. Get your whole team driving toward automation.Any time my team can cut out
possible. Cycle counting refers to a style of
busy work, the better my company gets.
perpetual inventory taking for subsets of
Inventory tracking and management require
your wares. It is not as daunting as it may
a huge upfront investment of time, but it
sound. Most of these cycle checks will be
leads to higher profitability, greater
oriented around bestsellers and seasonal
fulfillment accuracy, fewer returns and
products.
shipping errors and greater customer satisfaction in the long run.To achieve team buy-in, connect your goals to things your employees want.
PAGE 14
FOUR TIPS TO IMPROVE ACCOUNTS RECEIVABLE COLLECTIONS By Andy Bailey
There’s a well-known saying in business that “cash is king,” but it’s effective accounts receivable policies and procedures that will help your team have faster access to the cash it needs to accelerate growth and achieve company goals. In working with our member companies around the world, we’ve seen the negative consequences of not having proper systems in place for A/R collections. But with a little fine-tuning and implementation of some best practices, you can improve A/R collections and reinvest the cash to grow your business. Here are four ways to do it: 1. Create an accounts receivable dashboard: Every entrepreneur and business leader needs to clearly understand his or her company’s finances, especially as it relates to cash and A/R. That’s because at some point in the future, you are bound to run into a rough patch when customers pay late (or worse, don’t pay at all) and you have to make tough choices about allocating your precious cash. 2. Educate your team:.Once the KPIs have been determined, educate your team on the significance of each metric. Let them know how their actions affect each KPI and the overall financial health of the company. When your team sees how their work contributes to the business’s growth, success and profitability, they’ll work harder to achieve -- and hopefully exceed -- company goals. 3. Create written policies and procedures: Every business needs written accounts receivable policies and procedures. These policies, which should be part of a larger accounting policies and procedures manual, specify how the company invoices clients, collects payments and records transactions into the accounting system. Successful businesses have an A/R team that is dedicated to adhering to these policies and procedures and to making sure the company gets paid on time. Their A/R teams get involved early when an account is past due, sending friendly reminders and calling clients when payments are not made in a timely manner. They bring in members of the sales or project management teams to find ways to work with clients to ensure payment. In short, these businesses make A/R collections a top company priority so it’s embraced as part of the company culture.
4. Maintain accurate client account information: This may seem like a no-brainer, but believe me, I’ve heard too many stories from business leaders who complain about getting paid late because billing information in the accounting system was wrong. Accurate client data is essential to having an effective A/R collections process. Incorrect names and addresses on invoices can irritate clients and result in late payment. Billing information should be reviewed regularly and proper controls should be in place to prevent unauthorized changes to client data.Let’s face it: Managing A/R isn’t the most exciting part of running a company. But by implementing these four tactics, you’ll maximize the efficiency of your A/R team and better position your business for future growth
Problems in accounts receivable (A/R) collections can have drastic consequences for a business because it puts pressure on the amount of working capital required to fund operations. As a result, we had to look at every way possible to improve A/R collections so we could have enough cash to pay the bills.
PAGE 15
THEORETICAL FRAMEWORK Current Assets Managment
Starting from the premise that the current asset is a good or right that can be converted into money in a period of less than a year, it is of utmost importance for the company to have this type of asset, since it allows it to quickly get out of short-term debts. Thanks
to
company
its to
immediate
rapid be
liquidity,
used
expenses
at
or
any
to
current time,
solve
assets when
current
it
are is
available required
liabilities
to
to
acquired
the
cover in
the
normal operation of the company. So by this we can infer that the importance and relevance that these have
in
the
company
are
very
great.
However,
there
are
certain
variables that have an influence on current liabilities. And the thing is that
there
registers
are
cash
different or
types
checks,
both
of in
accounts, national
such and
as
the
foreign
box
that
currency,
available to the company. The banks that relate the value of money and deposits that the company has in national and foreign banks. And debtors refers to debts in charge of third parties and in favor of the company, including commercial and non-commercial. Therefore, the subaccounts are part of this group: customers, commercial current accounts, accounts receivable, purchase and sale promises and others that represent liquid resources in the short term. And here we enter another issue that is accounts receivable and that is that as we saw earlier in the article that provides tips to make the process of collecting accounts more efficient and effective. Because a company provides credit to its clients to be
PAGE 16
able to generate more sales, but there is the possibility that they do not
make
payments
in
a
timely
manner
and
that
is
why
properly
managing accounts receivable is very important to have a healthy cash flow that help you meet your financial commitments such as paying salaries, paying suppliers, paying off debts, credits, investments. Another advantage is to have a control of clients, of what they have paid you and what they owe you, thus having a controlled collection and avoiding the risk of not charging for not knowing the expiration date, what credit limit you can offer, if you can. continue offering credit to certain customers, discounts, among others. In addition, returning in the same way to the article on how to make your inventory more efficient in different ways, we can comment that inventories are the amount of goods or fixed assets that a company maintains in existence at a given time. But in general, inventory control is
an
issue
little
attended
by
many
SMEs
(Small
and
medium
companies). And it is that the obtaining of profits resides in large part in the generation of sales, since they are the engine of any company. However, if inventory management does not operate effectively, it may not be able to meet the demand for the product. This situation can cause the dissatisfaction of a client, who will choose a competitor, which will result in the loss of profits. So with this, we can come to the conclusion that all these factors must be guided and controlled in the correct way, not only in order to have a generalized control of the company. If not to be able to channel the areas to a path of growth and continuous improvement.
PAGE 17
Financing before and during COVID-19 For year the PYME sector has been considered as disregarded by the financial system. Which are the actual conditions and what’s the perspective considering COVID-19?
For years we have heard about the limited access of small and medium-sized companies to competitive financing schemes in the financial and banking environment of our country. Although there have normally been different financial products available, they have been perceived by the SME sector as uncompetitive for the conditions of the sector, which are not fully understanding well how the companies operate.
It is important to mention that currently there are several players in the financial environment with a relevant role to bring financing closer to this sector, such as financial intermediaries; mainly pure leasing companies, financial companies and SOFOMES, among others. The general perception is that the support provided is insufficient. If we consider the microenterprise sector (less than 15 employees), the situation is even less encouraging.
Some of the factors pointed out by entrepreneurs in these sectors are: * High rates * Long review processes * Red tape and little automated * Guarantees difficult to fulfill * Little knowledge of the industry
PAGE 18
These conditions directly affect the number of companies that in our country have access to financing, in percentage and compared to other Latin American countries, the lag is considerable:
On the other hand, it is important to consider the position of the banking system in the face of key factors within the SME sector, such as the level of mortality of companies created, which indicates that just over 70% die before reaching three years in operation. However, one of the causes of this mortality is precisely the lack of access to financing sources that allow them to acquire productive technology to make their operations more efficient. Other factors in the banking sector specifically in the SME sector are, in some cases, lack of formality, such as; Companies that do not issue sales receipts, lack of accounting records or do not have information on paying taxes, this leads companies to take financing under very unfavorable conditions or with extremely high rates, compromising the flow and operation of the company. Nowadays it is key to maintain a disciplined and efficient operation that gradually allows them to have greater access to competitive financing and gives them the possibility of growing their businesses without putting the operation of the company at risk.
What options for financing do SMEs have during Covid-19? SMEs have been among the first to seek new ways to continue operations, devising new business models during these months, with the aim of taking advantage of new trends in the market and new forms of consumption that have resulted from health containment. In the same way, they should look for alternatives to take advantage of the opportunities detected during this period. There are options, depending on the industry in which each company is located, they must seek and propose new financing schemes, inside and outside the banking sector.
For this, it is necessary for companies to promote financial culture within their organization, and allow them to identify optimal options: * Require clear and written contracting conditions, at all times the company must know what the cost will be in the time of financing. * Focus on special payments such as annuities, commission for early payments, etc. * In investments in productive technology, you must seek flexible financing scenarios, which allow them not to distract the cash flow, as well as have a grace period at the beginning to be able to start the equipment. This can be crucial to the success of the investment.
Not undercapitalizing or distracting the flow of the company is essential, just as important is to continue promoting growth and carry out investment projects to boost SMEs as fuel to grow and catapult them to the next level. PAGE 19
Two financing options for businesses in times of Covid-19
The impact of the pandemic led various sectors to seek sources of liquidity, here we present a couple to boost businesses in the tertiary sector.
Faced with the impact of the pandemic, many businesses reduced their sales and therefore lost liquidity, which translated into lower purchasing power and project financing. To make up for this lack, entities such as financial institutions or companies themselves promote products to provide companies with resources for recovery after the Covid-19 crisis One of the most affected sectors, with falls of up to 90% in terms of travelers, was the tourism sector, which expects to have a slower recovery compared to its growth rates of up to double digits in recent years.
“What they need is time, to be able to wait a little longer and for people to start coming back to visit our country. We believe that the sector has to go back to what it was before. We cannot drop it â€? - JosĂŠ Achar, director of Serfimex. In recent months due to the pandemic, he stressed that the demand for this product has risen between 50 and 60%.
two financing options/ Monterrey, N.L, Mx.
PAGE 20
Two financing options for businesses in times of Covid-19
The impact of the pandemic led various sectors to seek sources of liquidity, here we present a couple to boost businesses in the tertiary sector.
Canon promotes printing. The photography and printing firm Canon stressed that its products will also be offered to new customers with its own financing from the supplier.Among the new businesses they found for their printing products, the new disposable menus for the restaurant industry as well as the publishing industry to pass the closure stand out. “There have been players who have taken on a lot of relevance such as print on demand. The subject of reading has been the branches of the printing industry that have probably been the least affected. Many people began to read more and suddenly they are making use of services that you order the book now, it is printed and they send it to your house in a day or two. These new players have become much more relevant in recent months. ”,
-Ángel Olivas, director of Canon Financial Services.
The company's offer is the delivery of a digital printing equipment with prices ranging from 20 thousand dollars with financing plans in periods of between 1 and 4 years according to the client's needs. This is in order to facilitate the solution of new problems for sectors that have low cash flow, such as the tertiary sector. “The issue of disposable menus has returned much more, having menus that are more touch-friendly, the part of the tourism, hotel or restaurant industry that is at least beginning to reopen, all these disposable materials are returning but they are you can continue printing but with this material you can safeguard the issue of hygiene, " -he said.
two financing options/ Monterrey, N.L, Mx.
PAGE 21
THEORETICAL FRAMEWORK Current Liabilities Managment
As we all know, current liabilities are the obligations or debts of a company and other short-term accounts payable that mature within a year or within the normal operating cycle, they are settled through the use of a current asset, either by creating a new current or cash liability. They also appear on a company's balance sheet and incorporate accounts payable, accrued liabilities, short-term debt, and other similar debts. The importance of current liabilities is that they impose restrictions on the company's cash flow and make it important for the company to have adequate current assets to maintain liquidity. The more current liabilities the corporation has, the more current assets it will typically need to pay those liabilities. Therefore, the difference between current assets and current liabilities is itself an important number, called working capital. The most common current liabilities include everything from accounts payable, documents payable, taxes payable, accrued wages to unearned income, to sum up all kinds of amounts payable within a particular accounting period. If the debt increases over the time limit and spans approximately one year, then it will not be considered a short-term liability or a current liability. Therefore, in Current Liabilities, attention should be paid to the term current period. However, longterm debt payments that are made in the current period can be called Current Liabilities. We also used the concept of SME, which is a small to mid-size enterprise,is a business with revenues, assets, or numbers of employees
PAGE 22
that fall below a certain level. The criteria for determining an SME varies between countries and sometimes between industries. Short-term business loans are one of the great needs for SMEs. Its main characteristic is that this type of loan is for at most one year. The importance of financing companies in the short term is maximum, since it is what will allow them to continue to have working capital for daily activity expenses. SMEs play a vital role in the country’s overall production networks and they are core to the economic growth of developing countries. The contributions of formal SMEs are 50% of total employment and 33% of the national income of emerging economies. While including informal SMEs the percentages will be increased. Finance accession is the main constraint to SME growth, without that many SMEs are declined. SMEs can well control over their output and customers interaction than the biggest companies. Small business can directly contact with potential customers to promote them freely. Plenty of costs effective, professional solutions are available for start-ups and SMEs to promote their catchy brands and other marketing materials. SMEs can quickly react according to the marketplace changes. If the business owner tends to see there is a wide opportunity to challenge with his competitor, it can be done at a moment since he need not wait for others approval.
PAGE 23
INDUSTRY 4.0
INDUSTRY 4.0 IN THE WORLD
ndustry 4.0, companies are transitioning from creating and selling products to working to achieve customers’ business outcomes. To sell, deliver, and support solutions that fulfill customer needs, companies are redesigning their customer operations and sales models. And as organizations undergo this shift, leaders need to rethink their partners’ role in driving competitive differentiation, accelerating time to market, scaling faster, and delivering better customer experience and outcome. In our previous article, we suggested four partner archetypes that have emerged, based on how they add value and collaborate in the value chain along with the level of integration and strategic partnership nature PAGE 24 N/P
Ecosystem pioneers require early access to product road maps and training courses to empower them with the knowledge and industry-recognized accreditations to build Each of these elements is more or less and implement new solutions. They also important to each archetype (figure 2). need access to marketing, sales, and Selling allies are looking for support to technical resources to help partners cultivate seamlessly close deals, which implies clear rules of engagement between direct/indirect enterprise-level, open-source development capabilities around a company’s solutions. sales and streamlined and efficient partner processes—for example, deal registration and Joint innovators tend to invest in vendors who provide visibility to the product road invoice payments. Moreover, selling allies also need marketing support, such as “how to map and an engagement model that makes it easy to codevelop with their engineering sell” materials, competitor battle cards, and teams or other partners for a more MDFs for demand generation. Delivery champions require enablement and comprehensive portfolio. Vendors and ecosystem pioneers collaborate with joint support to drive efficiency and accelerate product road maps, sales planning, and sales collaboration in delivery. For such partners, companies need to support joint account and playbooks. pipeline planning for both sales and services. Delivery partners generally work closely with the vendor and must be given access to advanced technical experts with premium service-level agreements, technical manuals, guidelines, and playbooks. PAGE 25
Every disruptive technology first makes an impact somewhere— often with just one so-called lighthouse industry that stands at the leading edge of adoption. A particular group of companies and customers grasp that technology’s long-term value and the ways it might upend current thinking. Aerospace companies, for example, envisioned early on 3D printing’s long-term potential far beyond prototyping and lowvolume, “low-risk” spare parts.1 Industrial manufacturers envisioned the potential of robotic technologies in transforming widescale automation processes.
Over time, organizations from a wider array of industries came to see the potential of these and other disruptive technologies as they found more practical and diverse mainstream applications. Some term this process of industrial adoption the diffusion of innovations. More than anything, the 2019 blockchain survey revealed the emerging shared belief that blockchain is real—and that it can serve as a pragmatic solution to business problems across industries and use cases. Even leaders initially wary of techbased solutions appear to see potential in the technology. PAGE 26
Specific supporting indications from our survey include the increasing perception of blockchain as a top-five strategic priority, the sustained levels of blockchain investment, and the improved sentiments measured across an array of attitude statements, including the share of respondents who agree that blockchain offers compelling use cases. We found additional signs of blockchain’s maturation in the diverse— and sometimes discordant—responses, reflecting leading kinds of use cases, the wider array and near parity of barriers to blockchain adoption, perceived advantages of blockchain, and regulatory concerns. Such diversity of thought can be viewed as a mark of maturation because it reflects an enhanced sense of seriousness in consideration of the technology’s possibilities and limitations.
PAGE 27
Entering the so-called fourth industrial revolution or Industry 4.0, driven by digitization, there is still a gap in technology adoption between large corporations and small and medium-sized enterprises (SMEs). This factor is relevant if one considers that in Mexico up to 75% of small businesses do not survive for more than two years. Although there are several factors that lead businesses to failure early, it is generally due to management failures and a lack of technology adoptionOther challenges for SMEs in Mexico ● 55% do not have information available to make efficient decisions. ● Only 49% know how much they are earning or spending immediately. ● 50% of entrepreneurs feel stressed by cash flow. ● Up to 20 hours a month are lost in different administrative tasks such as compliance with tax requirements. ● Different tools are used for administration that are not always easy to use. However, in recent years, a new industry of online administration systems has become relevant, with accessible technological solutions for SMEs and dedicated to facilitating financial operations and administrative tasks. With these tools, entrepreneurs can spend most of their time growing their business. In fact, during the current pandemic, many companies have had to add digital tools to their structure to maintain their operations. In addition, it is expected that in the “new normal”, innovations will be vital for the survival of SMEs.
A solution in the palm of your hand QuickBooks is an online tool that arises to facilitate the control of finances and the administrative management of businesses. In addition, the accounting and tax processes of the company can be managed on this same platform. Owners also keep track of the status of vendor invoices with due reminders and can automate the transaction. Likewise, the issuance of CFDI, bank accounts, customers and sales can be consolidated to operate everything from a single platform that can be accessed through any tablet or smartphone.By centralizing these processes in the same solution, companies have the information necessary to optimize the resources of SMEs, while empowering business owners to make more assertive decisions. In such a way that there will be a favorable outlook for reactivation, after difficult months due to social isolation and the stagnation of the economy. QuickBooks intelligent and personalized reports indicate in real time the status of the business, including profit and loss, cash flow Cash and earnings per project. With more than seven million users worldwide, QuickBooks becomes the accessible online management system that PAGE 28 drives Mexican SMEs towards digitization.
JESUS VASQUEZ PERSONAL CONCLUSION
In conclusion not only of this work but of the course taught in general, in very broad strokes it was the teaching of the importance of financial statements. Because the financial statements reflect the entire set of concepts of operation and functioning of the companies, all the information that is shown in them must serve to know all the resources, obligations, capital, expenses, income, costs and all the changes that occurred in them at the end of the financial year, also to support the planning and direction of the business, decision-making, analysis and evaluation of those in charge of management, exercise control over internal economic items and to contribute to the evaluation of the impact that it has on external social factors. Although financial statements represent a record of the past, their study allows to define guidelines for future actions. It is undeniable that decision-making depends to a high degree on the possibility of certain future events occurring, which can be revealed through a correct interpretation of the statements that accounting offers us. And speaking of future actions to guide a company, one of the topics that I also liked the most and I found very interesting was the development of Industry 4.0 and the challenges that are currently being experienced, and that companies will face this type of challenge each more and more complicated as the industry develops. Since industry 4.0 is basically the interaction between software and hardware, the appearance of new materials, the development of more powerful operating systems, the design of more efficient processes and the digitization of processes and services. Which means that new companies, or existing ones, will be able to create products or services never seen before quickly and safely using new technologies and robotics. That as long as we take into account that the company knew how to adapt.
PAGE 29
JEAN MONTANO PERSONAL CONCLUSION
In this activity we learned the importance of financial culture and all it takes to actually understand how the economy/money thing works all around the world. The course also taught us in general, the learning of the importance of financial statements.Because the financial statements reflect the entire set of concepts of operation and functioning of all companies, all the information that is shown in them must serve to know the outputs and how it works, obligations,capital, expenses, income, costs and all the changes that occurred in them at the end of the financial year, also to support the planning and direction of the business, decision-making, analysis and evaluation of those in charge of management,exercise control over internal economic items and to contribute to the evaluation of the impact that it has on external social factors. Although financial statements represent a record of the past, their study allows to define guidelines for future actions. I think i will forever use this because I plan on having my own company, even though sometimes it takes a lot of intelligence.
PAGE 30
JORGE ANTONIO PERSONAL CONCLUSION
I consider that what we have seen in this activity is of vital importance, since it is the conclusion of all our learnings that is why throughout the activities we have carried out here we have been able to perfect our skills and have a greater reasoning than what learned and not only that but a better application of them, the learning of these is vital for performance in the world of work, the analysis of the data and its own interpretation since a wrong interpretation can lead to even greater errors,the balance sheet as a tool for interpretation and combination of ideas that can be of great help to us, as well as cash flow, that although in the past they could be strange, now they are familiar and easy to use, so much so that we could easily go to a company and determine the situation of it and how to be able to improve it. We also saw what is related to 4.0 companies and what is related to the progress that society is having in recent years, how companies and companies can progress in the same way with this how the coronavirus is affecting society and how we can cope with it, ways to solve these problems and doubts created by the pandemic , how we can cope with all these afflictions that we are faced with and the ways in which they are coped with,It is for this reason that everything we have seen can be useful to posterity to use it if it is the case that it is necessary, also to analyze how everything is in constant progress and likewise we adapt to it, finally with new tools and new learnings we can conclude with what has been elaborated here and that although it is a beginning for our use of the tools, over time it will be perfected as we become more familiar with them.
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