GESTIÓN ECONÓMICA Y FINANCIERA DE LA EMPRESA - RENTABILIDAD

Se han subido a la carpeta de teoría una transparencia de ppt en formato pdf en la que se ilustra la relación entre las rentabilidades económica y financiera y una hoja de cálculo con un ejemplo de aplicación. En el xls figuran como datos los que aparecen en las celdas coloreadas, el resto de cifras las calcula el sistema y ustedes también deberían ser capaces de deducirlas. Saludos

TAX EVASION

Concerning the documentary on "Tax evasion" please answer the following questions:

1. Try to define with your own words tax-purpose business delocalization. Illustrate it with an example shown in the film. Try to figure out why it has become a frequent strategy.
2. What is transfer pricing? Which role do you think it plays in “fiscal planning”?
3. What are offshore territories and fiscal residence?
4. Why is the state of Delaware so popular for company creation?
5. What is fiscal concurrence?
6. What is the role played by the big auditing companies (ie EY, KPMG, PWC) in these fiscal plans?
7. Try to describe OECD’s strategy to fight fiscal fraud.
8. Describe the tax/expenditure situation in Greece.
9. Try to define banking secrecy and the way Trusts are used for tax purposes.
10. How does the film show that we might fight the banking secrecy?

1. Why does The Economist think that the rich should pay higher taxes?
2. Try to describe as many reasons as possible to find out why most Spanish big groups pay so few taxes.
3. Try to find out why Luxembourg has become so important in aspects concerning tax evasion

QUESTIONS ABOUT "INSIDE JOB"

Please answer the following questions after watching "Inside job" and send it to the teacher's email address as scheduled (filename: INSIDEJOB_NAME_FAMILYNAME.DOC). All the questions are worth the same.

1. What is the public body responsible for overseeing markets in the United States? Which of its departments controlled agents in whose womb the crisis began? How many workers had to carry out that job? 
2. Describe in your own words how the film explains the problem of bankruptcy of the Icelandic financial system 
3. What have been the problems that the regulators have found to carry out their function and which have been the conflicts of interests faced by regulators when they had to go to investigate entities that could pose problems? 
4. Try to explain in your own words the securitization and CDOs, and why they have had such an important effect on the crisis. 
5. What are the rating agencies? Which are the main ones? How do they rate the debt of different issuers? Why overall rating was positive although in their inside information they expressed a different opinion? 
6. Which working aspect of the mortgage market has perverted its normal functioning and made mortgage loans be issued to borrowers with no repayment capacity? 
7. Summarize how the crisis occurred chronologically as documentary follows. 
8. R.G.Rajan, who appears in the documentary, published an article called “Have financial development made the world riskier ?”. What is his thesis and the reasoning behind it? (you can have a look at the introduction and at the conclusion of the article in internet)

EXPOSICIÓN SOBRE LA EXCURSIÓN A BÉLGICA Y LA UE

En este cuadro deben calificar de cero a 10 la exposición de sus compañeros. Si hoy no expone alguno de ellos o no escucharon su exposición en su día pongan "n/a". Si varios comentan el mismo artículo hay que dar distinta puntuación a cada uno en función de cómo crean que cada uno lo ha hecho

Gracias

GESTIÓN ECONÓMICA Y FINANCIERA DE LA EMPRESA - TAREAS PARA LAS VACACIONES

Durante estas vacaciones de Navidad tendrán que realizar la tarea primera de la tercera unidad y los tres primeros ejercicios de la segunda tarea. Me los deberán remitir conforme se establece en los respectivos enunciados antes del próximo 6 de enero.

ECONOMIC AND FINANCIAL MANAGEMENT - UNIT 3

Please note that the solution to the tests corresponding to Unit 3 is available in the activities folder.

ECONOMIC AND FINANCIAL MANAGEMENT - BALANCE SHEET AND ITS MAIN RATIOS

Please find enclosed the activity we did last week concerning the ellaboration of a balance sheet and the study of the relationships between the most important masses (assets, liabilities and equity):