Aplicação do modelo Fleuriet de análise financeira em condições restritas de dados contábeis: estudo de caso em uma empresa de pequeno porte do setor de eletroeletrônicos.

Abstract

Companies need tools to control and treat their financial data, in order that the more globalized world does not allow the amateurism in the conduct of business enterprise. Based on this, this research sees the application of the Fleuriet model of financial analysis in terms of strict accounting data in a small company in the sector of electronics. According to this research methodology was considered, for purposes, descriptive and explanatory, and the media to bibliographic, documentary and case study. The study sought to find means of indicators of operational efficiency and other inherent in the Fleuriet model, aiming to indicate the real need for working capital of the company, despite the restriction of accounting data - balance sheet and statement of income for the year. The appropriate control on the flow of accounts receivable and payable subsidizes the average processing time of collection and payment, respectively; the inventory of stock, the market price, together with a history of sales, promote the identification of medium-term storage; the financial cycle and the sales history of guiding the calculation of the need for working capital; in turn, the cash balance should be established based on the policy of financial slack provided by the company itself; finally, the link between need for capital and the cash balance culminates in ideal value of net capital. It follows that, for medium businesses and small companies need professional help, that can manage their finances on a correct and consistent, even in an environment absent of accounting information, to avoid bankruptcy and remain competitive.