The financial nature of the components of capital
DISCOUNT RATE - FUTURE CASH FLOW- RISK - CORPORATIVE EQUITY – TIME VALUE OF MONEY Abstract: The present paper has prepared in relation to the research project UBACYT E004 2008/2011, “Theoretical basis for the measurement of the corporative equity in recoverable current currency”, directed by the Dr....
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| Formato: | Artículo publishedVersion Articles Artículos de Investigación |
| Lenguaje: | Español |
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FACULTAD DE CIENCIAS ECONÓMICAS - UNIVERSIDAD DE BUENOS AIRES
2010
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| Acceso en línea: | https://ojs.economicas.uba.ar/Contyaudit/article/view/48 https://repositoriouba.sisbi.uba.ar/gsdl/cgi-bin/library.cgi?a=d&c=contabit&d=48_oai |
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I28-R145-48_oai2026-02-09 Arreghini, Hugo Ricardo 2010-12-01 DISCOUNT RATE - FUTURE CASH FLOW- RISK - CORPORATIVE EQUITY – TIME VALUE OF MONEY Abstract: The present paper has prepared in relation to the research project UBACYT E004 2008/2011, “Theoretical basis for the measurement of the corporative equity in recoverable current currency”, directed by the Dr. Mario Biondi. One of the raised questions, in the mentioned project, is the definition of the minimal conditions that would have to fulfill the rate of discount to be applied to the future cash flows generated by the entities’ equity. The proposed measurement of the equity should be aligned with the “going-concern” principle; therefore do not intend to develop a business valuation methodology for determine Company’s valuation, the purpose is to measure the corporative equity in recoverable current currency. Also, the purpose is not to determine a recoverable value under assets impairment circumstances, if indicators of impairments exists the effects would be reflected in the projections of cash flows. The selection of the rate of discount depends not only on the way in which the future cash flow was estimated in relation to the risks considered in its projection, but also depends on the purpose for which that cash flow was prepared or the purposes of the measurement. REFLEXIONES SOBRE LA TASA DE DESCUENTO PARA LA MEDICIÓN DEL PATRIMONIO CORPORATIVO EN MONEDA CORRIENTE RECUPERABLE TASA DE DESCUENTO – FLUJO DE FONDOS FUTUROS – RIESGO – PATRIMONIO CORPORATIVO – VALOR TEMPORAL DEL DINERO Resumen: El presente trabajo ha sido realizado en el marco del proyecto de investigación UBACYT 2008/2011 E004, “Bases teóricas para la medición del patrimonio corporativo en moneda corriente recuperable”, dirigido por el Dr. Mario Biondi. Una de las cuestiones planteadas, en el mencionado proyecto, es la definición de las condiciones mínimas que debería cumplir la tasa de descuento a aplicar al flujo de fondos que me genera cada rubro del patrimonio de un ente. La medición del patrimonio que se pretende debe estar en línea con el concepto de “empresa en marcha”, motivo por el cual no se busca desarrollar una metodología de valuación de empresas, se procura medir el patrimonio de un ente en moneda corriente recuperable. Tampoco se intenta la determinación de un valor recuperable frente a una situación de deterioro de un activo o de un grupo de activos, si existieran indicios de deterioro en los activos estos se reflejarían en las proyecciones de flujos. La selección de la tasa de descuento depende no solo de la forma en la cual fue estimado el flujo de fondos futuro en relación a los riesgos considerados en la proyección de los mismos, sino que también depende del objetivo para el cual fue preparado ese flujo o de los fines que la medición persigue. application/pdf https://ojs.economicas.uba.ar/Contyaudit/article/view/48 spa FACULTAD DE CIENCIAS ECONÓMICAS - UNIVERSIDAD DE BUENOS AIRES https://ojs.economicas.uba.ar/Contyaudit/article/view/48/42 Contabilidad y Auditoría; Núm. 32 (16): CONTABILIDAD Y AUDITORÁA Investigaciones en Teoría Contable; 24 págs. 1852-446X 1515-2340 Sistema de Información Contable Naturaleza del Capital Carácter financiero Valor razonable Informative Accounting System Capital's Nature Financial Character Fair Value The financial nature of the components of capital La Naturaleza financiera de los componentes del capital info:eu-repo/semantics/article info:eu-repo/semantics/publishedVersion Articles Artículos de Investigación https://repositoriouba.sisbi.uba.ar/gsdl/cgi-bin/library.cgi?a=d&c=contabit&d=48_oai |
| institution |
Universidad de Buenos Aires |
| institution_str |
I-28 |
| repository_str |
R-145 |
| collection |
Repositorio Digital de la Universidad de Buenos Aires (UBA) |
| language |
Español |
| orig_language_str_mv |
spa |
| topic |
Sistema de Información Contable Naturaleza del Capital Carácter financiero Valor razonable Informative Accounting System Capital's Nature Financial Character Fair Value |
| spellingShingle |
Sistema de Información Contable Naturaleza del Capital Carácter financiero Valor razonable Informative Accounting System Capital's Nature Financial Character Fair Value Arreghini, Hugo Ricardo The financial nature of the components of capital |
| topic_facet |
Sistema de Información Contable Naturaleza del Capital Carácter financiero Valor razonable Informative Accounting System Capital's Nature Financial Character Fair Value |
| description |
DISCOUNT RATE - FUTURE CASH FLOW- RISK - CORPORATIVE EQUITY – TIME VALUE OF MONEY Abstract: The present paper has prepared in relation to the research project UBACYT E004 2008/2011, “Theoretical basis for the measurement of the corporative equity in recoverable current currency”, directed by the Dr. Mario Biondi. One of the raised questions, in the mentioned project, is the definition of the minimal conditions that would have to fulfill the rate of discount to be applied to the future cash flows generated by the entities’ equity. The proposed measurement of the equity should be aligned with the “going-concern” principle; therefore do not intend to develop a business valuation methodology for determine Company’s valuation, the purpose is to measure the corporative equity in recoverable current currency. Also, the purpose is not to determine a recoverable value under assets impairment circumstances, if indicators of impairments exists the effects would be reflected in the projections of cash flows. The selection of the rate of discount depends not only on the way in which the future cash flow was estimated in relation to the risks considered in its projection, but also depends on the purpose for which that cash flow was prepared or the purposes of the measurement. |
| format |
Artículo publishedVersion Articles Artículos de Investigación |
| author |
Arreghini, Hugo Ricardo |
| author_facet |
Arreghini, Hugo Ricardo |
| author_sort |
Arreghini, Hugo Ricardo |
| title |
The financial nature of the components of capital |
| title_short |
The financial nature of the components of capital |
| title_full |
The financial nature of the components of capital |
| title_fullStr |
The financial nature of the components of capital |
| title_full_unstemmed |
The financial nature of the components of capital |
| title_sort |
financial nature of the components of capital |
| publisher |
FACULTAD DE CIENCIAS ECONÓMICAS - UNIVERSIDAD DE BUENOS AIRES |
| publishDate |
2010 |
| url |
https://ojs.economicas.uba.ar/Contyaudit/article/view/48 https://repositoriouba.sisbi.uba.ar/gsdl/cgi-bin/library.cgi?a=d&c=contabit&d=48_oai |
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AT arreghinihugoricardo thefinancialnatureofthecomponentsofcapital AT arreghinihugoricardo lanaturalezafinancieradeloscomponentesdelcapital AT arreghinihugoricardo financialnatureofthecomponentsofcapital |
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