El Ciclo de conversión del efectivo y su relación con los estados financieros de Polifecsa. Periodo 2018 - 2019.

Abstract

The present research work called "The Cash Conversion Cycle and its relationship with the financial statements of Polifecsa. Period 2018 – 2019”, aims to analyze the elements that make up the cash conversion cycle, these being inventory, accounts receivable and accounts payable, and thus measure their impact on the company's financial statements. The study used a qualitative approach using an interview of staff involved in elements of the company's cash conversion cycle. The methodology used was descriptive, interpretative, longitudinal, documentary and quantitative, using research sources to carry out the analysis through which information on the management of the business operating cycle can be obtained. The study consists of four chapters, chapter I contains theoretical information from books and research papers such as articles and theses on the financial management of the cash conversion cycle and all its variables, which will facilitate the analysis and interpretation of the results. Chapter II presents the methodological framework where the design, method, type of research is described as well as the techniques used, the same ones that support the work. In Chapter III, interviews were conducted with responsible employees or those who manage or intervene in the components of the cash conversion cycle, the vertical and horizontal analysis was also carried out, the calculation of the financial liquidity ratios, acid test, inventory turnover, accounts receivable and accounts payable. The variables were analyzed to determine the cash conversion cycle of Polifibras del Ecuador S.A. POLIFECSA. And finally in chapter IV it is composed of the conclusions and also a series of recommendations were provided, focusing on the improvement of processes for the benefit of the company, for the progress of financial management and, therefore, the results of the financial measurement of the company.