RCAAP Repository

The main purpose of this article is to highlight stylized facts about Private Equity funds in Brazil, in order to understand how this type of investment occurs in the Brazilian capital market. Therefore, secondary data from 12 funds that are domiciled in Brazil and invested in Brazilian companies were used. All data were obtained from a Bloomberg terminal. The results show that the most commonly used benchmark indexes by the funds of the sample was DI-Cetip, Fix TRX Des Imob I has the highest return, Brazil Invest 2014 I FIP has the highest risk of the sample, and Barao Vermelho FIP the lowest. As for the tracking error, the fund that presented the largest departure from the benchmark was Brazil Invest 2014 I FIP. In addition, negative beta was observed in several funds, which reinforces the idea that there are more appropriate measures than beta to assess risk of countries with emerging markets like Brazil. In general, the FIP TRX Des Imob I fund presented the best performance of the funds analyzed, not only for the results of the IS, IT, Jensen’s alpha and Isor indexes, but also for being one of the most adherent to the benchmark index and having one of the lowest volatilities of the sample. On the other hand, the Brazil Invest 2014 FIP fund had the lowest adherence to the benchmark, in addition to being the most volatile fund in the sample.

In the present work is a proposal of social and transformational type, which seeks to be the mechanism and alternative to eradicate little by little with problems such as lack of economic resources, student unrest, desertion, among others. This proposal is aimed at solving the problem of students who lack financial resources to meet each of the needs that arise in the training process. To achieve this, three parts were established, which are the three objectives of this work: A survey applied to a staff of cadets identified in a sample, to determine the main economic problem that is presented to the senior cadets and cadets of the military aviation school. The creation of service lines to solve the problem already identified. Some lines of service where the capabilities of the financial fund are raised, there are some guidelines, requirements and requirements to access each of the benefits. Determine the viability of the proposal, where an analysis of the important aspects of the project was made, analyzed and looked for the strengths, weaknesses, threats and opportunities; and it was completed with a survey of a staff of seniors cadets and cadets to know and determine the position they have regarding the existence of a financial fund in the EMAVI.

The general objective of this research is to identify the relationship between public security spending and private security costs, comparing saline companies. The methodology focuses on a descriptive, documental, quantitative research using correlation statistics technique, comparing companies from the State of the Newborn, from 2004 to 2014. The relationship between the variable public spending with security and costs with private security is significant and has a high positive correlation. Inferring the rejection of the hypothesis of a negative relationship between public security spending and private security costs. It is concluded that, in a general way, public spending with security influences the variation of the behavior of the costs with private security. It was also identified that the companies adopt two security models, the private and the organic, the security model chosen by the companies to be priority influence the variation of the behavior of the costs with private security.

In Colombia, the business sector is developing at an increasingly rapid pace, in Medellín the creation of companies is in continuous growth, however, it is difficult for them to be maintained over time, because after a few years they are liquidated for different reasons. This phenomenon, according to a study presented by the Antioqueña Magazine of Economy and Development (RAED), is due to deficiencies in the organizational and marketing structure at the time of its creation, which affect sustainability in an increasingly competitive market, on the other hand Institutions such as Confecámaras and the Bavaria Foundation make an analysis of the main causes that make certain companies close, agreeing that the affectation comes among others, from factors related to the environment that are almost always unpredictable, therefore, failure can be For a mixture of causes, the main threat is the financial issue. One of the projects of the Research and Development in Business and Insurance Research Seedbed, SIDINS, of the Center for Business Services and Management is to implement a business office with the objective of generating a space that energizes knowledge, promoting research and development projects as a solution to specific problems related to business management, fostering strategic alternatives to global scenarios, emphasizing the strengthening of the skills, knowledge and aptitudes of entrepreneurs, apprentices and instructors. The profile of the Business Management and Services Center of the SENA Regional Antioquia, is appropriate for this type of intervention, since since its creation it was conceived as a space to help companies to be more competitive, hence the Business Office that is intended It is aligned with the mission of the center and SENA in general, it also becomes a tool that favors project-based learning of the apprentices of Technology in Business Management, Risk Management and Insurance, Specialization in Online Marketing and others technologies that, due to the initial diagnosis made to companies, are necessary. The methodology to build the business office is based on the results of research carried out by public and private entities that show how MSMEs have been disappearing shortly after they were created, on the other hand, there was a tracking of universities and institutions that have business offices to understand its operation and contextualize it to the particular characteristics of the training in the SENA.

The study aims to highlight the economic and financial performance of the clubs that participated in the series A, B and C of the Brazilian championships in 2017, being methodologically characterized as descriptive, documentary and investigative in order to gather information from the sample of 38 clubs. To clarify the economic and financial situation, indicators usually used in the literature and descriptive statistics were used to relate and highlight the results concluded in each series analyzed. The results revealed, in short, that the A, B, and C-series clubs have a poor financial and economic outlook, which is clear from the exposure of the indicators. In the comparative test between averages, the results showed that A-series clubs are able to earn higher profitability (ML) than B-series clubs and still have higher total return on investment (RSA) than C-series clubs. B have a higher dependence on third-party resources (PCT), higher than C-series clubs, however, gain greater profitability from their total investments (RSA).

The object of study of the research was the taxation on fuel consumption of Uberlândia - MG and the applicability of Law 12,741 / 2012. Thus, the problem that gave rise to the research was to demonstrate the applicability of the Fiscal Transparency law on fuel consumption. The hypothesis of the research was that most of the establishments use as source IBPT (Brazilian Institute of Planning and Taxation) and the same product can present different tax burdens. Therefore, the objective of the research was to analyze the applicability of the Law "With an eye to the tax" and its impacts on fuel consumption. The research method was a documentary survey of data collection of fiscal coupons of Fuel Stations of Uberlândia for the period from January to May 2016. The sample was extracted from the total of 22 fuel establishments. The analysis of the data was based on the theoretical reference of the IBPT and legal texts (specific legislation). The results indicate that most establishments do not apply law 12.741 / 2012 correctly, reporting an incorrect tax burden in relation to the indicated source. It is concluded that the applicability of the law is not efficient and effective, since the information to the consumer is distorted.

This study who aims to examine the influences of institutional forces on the process of convergence in governmental accounting in Brazil. Beside de introduction, the second section outlines the adoption of IPSAS in Brazil. In the third part, we approach, from the institutional theory NIS point of view, specific from the mimetic, normative and coercive pressures, this process of change in Brazilian government accounting; and finally, we made some final considerations on the subject. We discuss some real cases of Brazilian context on IPSAS adoption, based on direct observation, several informal interviews with different agents on Brazilian’s public sector in different levels and various institutions and literature review. Is important point that the examples showed here are not and do not pretend to be exhausted, but only illustrative. Our intention is foment the debate and clarify some institutional pressures who exists in this process. We suggest as next steps could be to examine qualitative factors such as: the quality of the financial statements; impact on wider management practices (are budgets based on accruals, the use of the balance sheet to inform decision making, etc.); and whether external stakeholders (citizens, elected members, societal  groups, etc.) consider that the introduction of IPSAS has improved  accountability.

The following article aims to identify the level of application of environmental accounting at business level and establish how it relates to business management, mainly from the concept of stakeholders; Additionally, it describes the main government strategies carried out to optimize the environmental management of companies through the Colombia´s current legislative framework. To carry out this purpose, the methodology of the systematic review is used, this allows to categorize adequately the information obtained under previously established criteria and clearly delimit the relevance of the sources consulted. Among the main findings of the research are: the strong monetarist emphasis of environmental accounting, which leaves aside key environmental variables, such as greenhouse gas emissions or water and energy consumption; the incipient implementation of environmental strategies by companies (still focused on maximizing benefits) and the lack of a broader legislative framework for a topic that is becoming increasingly important. This text seeks to contribute to the debate between economic growth and mitigation of environmental impact from the perspective of the accounting exercise and the organizations management.

The new professional code of ethics of accountant is established in the Brazilian Accounting Norm (NBC PG 01), approved by the Federal Accounting Council (CFC), at September 7, 2019, and its updates and deletions are considered significant. We used the methodology classified as quantitative, descriptive, documental, and through data collection, the data showed that between all accountants analyzed during the research, only 76% of the accountants of Corumbá city were aware of the code update. Regarding the belittlement aspect, that there is not in the new code, about 70% were against the update, because it will be detrimental to the accountants. About the divulgation of prices and gratuity 76% are against because of class devaluation, and that would cause unfair competition and even disunion between accountants. Regarding price fixing, the answers were divided by 50% against and 50% in favor.

This research aimed to understand how management models are being approached in the literature, what is the content and structure of these researches and possible trends to the applied management model. Thereunto, researches were consulted in the Spell and Scielo databases that addressing management models, both decentralized and centralized. Altogether, 152 Spell-based papers and 269 Scielo-based papers were identified, out of a total of 421 papers. Of these 50 studies were used to conduct this research. It was possible to observe a growth in researches that approach management models. Variables as People Management / Management, Organization, Structure, Power and Responsibility and Coordination have been shown as the most present variables. It was also possible to observe a probable growth trend related to decentralized models studies. This research is expected to contribute to a greater visualization of research related to management models as well as future research perspectives, which may be adopted or avoided by future researchers.

Football, in addition to the social aspect, has a great economic role in Brazilian society, since it moves high numbers annually. Given this, this research aims to verify the relationship between the economic and financial situation and the performance in the official matches of the ten top-ranked clubs of the 2018 CBF ranking. To this end, we analyzed the financial and sports situation of the clubs from 2015 to 2017 and, in addition, a correlation of Pearson data between achievement and performance indicators was established. Overall, despite having a strong ability to generate revenue, clubs have shown inefficiency in controlling costs and expenses. In addition, due to the correlation of data, most clubs found it difficult to seek better performance without compromising the economic and financial scenario. Therefore, one of the great challenges of Brazilian managers is to seek better sports performance without compromising the entity's finances. In this context, accounting plays an important role, since it provides information about the entity's patrimonial reality and, thus, helps in the decision making of managers.

In Brazil, from 1953 began the transfer of Oil royalties to States and Municipalities that are producers of such resource or that are related to the producing regions. The state of Sergipe is one of the leading names for national oil production. In addition, because of their location, all their municipalities receive some share from royalties. Thus, the objective of the study was to verify, through correspondence analysis, the relationship between the profile of the municipalities of the state of Sergipe and the receipt of funds through oil royalties. The municipal profile has characteristics such as: Expressiveness of tax revenue, Dependence on revenues from Union and State transfers and population size. It was found that the municipalities of Sergipe have a certain dependence on resources from oil royalties and this is even more evident in those with smaller population and lower capacity to collect their own. Therefore, it is necessary to encourage the studied regions to seek self-financing of their activities so that they become more autonomous.

The objective of this article was to demonstrate the impact of the tax incentive program on the development of organizations, emphasizing indicators of employability and productivity. Using descriptive and qualitative research methodology, bibliographical data collected from publications such as the Yearbook of the Brazilian Automotive Industry from the years 2010 to 2018 were used, with all the information of the sector, where it is sought to emphasize the indicators chosen for this analysis process. The expected result sought to verify whether there is a positive or negative impact on the indicators analyzed based on incentives, since government investment needs to be measured within the program's expected returns and its publication as a force of law. The auto industry with all its strength, receives frequent incentives, but not all have satisfactory results and reach their goals and objectives. This new program, in a broader search, fuels the entire value chain of the automotive sector, sets mandatory targets for energy efficiency, vehicle safety, investments in research and evelopment, supplier base recovery, technological development, labor relations, energy efficiency, vehicular inspection, logistics and tax system. As a contribution, this article tried to demonstrate if the tax exemptions promoted by the State reach their objectives, promote contributions in the number of jobs and also in the increase of the productive process. As a final conclusion, it was possible to perceive after the analysis of the data that the variations of the indicators of employability and productivity were in agreement with the offered fiscal incentives, even considering the seasonal ones.

To stay in an increasingly demanding and competitive market, it is important for small businesses to strive for excellence in the inventory management and control process. Therefore, the proposed article, through a case study conducted in a small pharmacy located in a city on the state of São Paulo' s countryside, seeks to analyze this process, presenting techniques and tools that enabled an effective management and control of inventory. Thus supplying the demands and objectives of the company. In addition, the impacts of the application of an information system were also observed, which contributed to the better management and control of existing inventory.

This article deals with the free assistance provided to taxpayer taxpayers by the Accounting and Tax Support Center (NAF) of Chapecó-SC, which, since the first semester of 2017, has been carrying out an important and fundamental work for the low-income population with the interinstitutional objective of promoting fiscal education to the community. The NAF Unoesc Chapecó has the integration of academics from different stages, professors and masters, with vast fiscal knowledge, assisting academics and bringing them closer to the work environment. For the development of the research, a single case study was used, which helped in the analysis of the public profile and in the services provided in the period of 2019 and 2020. The result shows that 122 cases were attended and the profile of those attended, and that the contribution of NAF with society is extremely important due to the educational development of academics, from student preparation, to serving the public, seeking to improve and disseminate information to the population. The conclusion also demonstrates the representativeness of the project in society, bringing great proportions of collaboration and diffusion of fiscal knowledge through projects prepared by the nucleus in society.

Este artigo analisa o capital estrutural no trabalho de auditoria, composto por métodos e procedimentos de trabalho, processos internos, sistemas de gerenciamento e gerenciamento e a tecnologia e inovação utilizadas nas organizações. O estudo começa com uma varredura documental do capital estrutural e suas ferramentas, relacionando-o ao processo de auditoria, para finalmente propor um modelo de mensuração do capital estrutural para o desenvolvimento da comissão de auditoria, com o qual a tomada de decisão será tomada. pesquisas mostram que o desenvolvimento de capital estrutural em empresas de auditoria permite seu próprio conhecimento e fornece uma vantagem competitiva sobre outros profissionais de contabilidade. Por outro lado, esta pesquisa permite identificar que o capital estrutural surge na medida em que é apropriadamente possuído, formado, codificado e sistematizado, de modo a dar uma resposta de trabalho que se encaixa na carga de auditoria; Também permite a avaliação e mensuração do tratamento do capital estrutural nas empresas.

Corporate social responsibility is becoming known in Colombia for its social and humanitarian function, where companies present environmental, social, cultural and coexistence aspects. The aim of this article is to analyse how the assurance of corporate responsibility management practices in ESALs is a valuable tool, in accordance with ISO 26000 and SA 8000 standards, thus following the guide to corporate responsibility assurance. At methodological level, this research begins with the characterisation of the corporate responsibility management practices of ESAL, the requirements and obligations for these management practices to be carried out and finally, a diagnosis of the current state of compliance in corporate responsibility management practices is made through a case study.

Accounting applied to the public sector in recent years has been driven by the process of convergence to international standards. In view of this movement, increase the need to adhere to the procedures for measuring fixed assets in public sector bodies and entities. In this context, the study aimed to evaluate the degree of application of the procedures for measuring the active assets of Brazilian universities and federal institutes to international accounting standards. Through the adoption of the grouping criterion, questionnaires were sent to 102 Federal Institutions of Higher Education (IFES) and 49% of responses were recorded. The survey results show that public entities, which concern the measurement and disclosure of assets, are at odds with the process of convergence of the Brazilian public sector to international accounting standards. To achieve this process, investments in technology, training, professional development, awareness of managers and training of multidisciplinary teams are necessary. In addition, the study points out the need for more effective collection by regulatory bodies in relation to compliance with standards, specific legislation and the Accounting Manual Applied to the Public Sector.

The purpose of this article was to analyze the perception of Accounting academics about the role of the higher education institution in your professional qualification. As for the methodological procedures, the research is classified with a quantitative approach, descriptive in relation to the objectives and survey according to the procedures. As a data collection instrument, a questionnaire with 17 (seventeen) closed questions was applied, adapted from the studies by Degenhart, Turra and Biavatti (2016), Mathias, Serafim Júnior, Besen and Araujo (2018) and Moura and Lima Filho (2019 ), electronically between April and May 2020 and validated by three professors in the field. The population consists of 101 students enrolled in the Accounting Sciences course at a community university in Santa Catarina, in 2020/1. The sample comprised 56 students who answered the questionnaire properly, which corresponds to 55.44% of the population. The data were tabulated using Google Forms® and the technique used for data analysis was descriptive statistics, through the distribution of relative frequency. The main results revealed that academics consider that the training given by the university is compatible with that required by the job market, as well as facilitating the student's entry into professional practice, in addition to bringing specific content worked during the course as preparation of attributes, skills and abilities to future bachelors in Accounting. 

This study addresses the association between the principles of corporate governance and the factors of organizational learning in Brazilian accounting firms. Primary data were obtained by electronic questionnaires with a final sample of 207 offices. This is an exploratory, descriptive study, carried out in a field environment and classified as quantitative. The degree of corporate governance obtained at 11.70 indicates that the adoption of the principles of corporate governance is in an intermediate stage and the degree of organizational learning obtained at 8.20 demonstrates that the environment is conducive to organizational learning in the accounting offices. As the degree of corporate governance evolves, naturally there is a potentialization of organizational learning factors, such as dialogue, interaction with the external environment, experimentation and risk propensity. Among the main findings of this research, it is highlighted that there is a positive relationship between the adoption of the principles of corporate governance and the factors of organizational learning (r=0.244). When the levels of transparency of information in the accounting offices increase, there is also an increase in the level of fair and equal treatment between partners and stakeholders (r=0.621). As the use of dialogue increases, as a form of learning, there is an increase in interaction with the external environment (r = 0.776) and when suggestions and new ideas are well attended and accepted the use of dialogue as a construction of common knowledge also increases (r=0.722).