Capic Review最新文献

{"title":"Libro: Manual de Finanzas* Ramón Ramos Arriagada. Thomson Reuters Área(s): Tributaria, Finanzas y Tributación ISBN: 978-956-346-538-9 Edición: 2014 N° Páginas: 278 págs.","authors":"Orlando Jeria Garay","doi":"10.35928/cr.vol13.2015.52","DOIUrl":"https://doi.org/10.35928/cr.vol13.2015.52","url":null,"abstract":"","PeriodicalId":30036,"journal":{"name":"Capic Review","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2015-12-10","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"70081447","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

{"title":"Valor razonable y la calidad de información revelada: Efectos de la aplicación anticipada de la niif 13 en chile","authors":"Hanns Aníbal de la Fuente Mella, Berta Silva Palavecinos, R. Espinoza, D. Rosso","doi":"10.35928/cr.vol13.2015.42","DOIUrl":"https://doi.org/10.35928/cr.vol13.2015.42","url":null,"abstract":"espanolEl mercado de capitales chileno se caracteriza por alta concentracion de la propiedad y por la participacion de inversionistas institucionales como las Administradoras de fondos de Pensiones (AFP). En Chile, las IFRS se adoptan a partir del ano 2009. Desde la emision de la IFRS 13, en 2011, su aplicacion ha sido voluntaria, y solo obligatoria a partir del 2013. El proposito de este estudio es medir los efectos de la adopcion anticipada del uso del valor razonable en la transparencia del mercado de capitales chileno y en la disminucion de asimetria de informacion. Como proxy de la asimetria de informacion se trabajara con el spread (bid-ask) con datos de acciones intra-diarios de la Bolsa de Comercio de Santiago para el periodo 2007-2012. El estudio muestra que la aplicacion anticipada de la IFRS 13 no ha producido efecto significativo en la asimetria de informacion, se aprecia ademas que la aplicacion de la norma no ha producido el efecto esperado, es decir, a menor nivel de jerarquia del valor razonable menor es la asimetria de informacion. EnglishThe Chilean capital market is characterized by high concentration of ownership and the participation of institutional investors such as Pension Funds (AFP). In Chile, the IFRS are adopted from the year 2009. Since the issuance of IFRS 13, in 2011, its application has been voluntary, and only mandatory from 2013. The purpose of this study is to measure the impact of the early adoption of the use of fair value in the transparency of the Chilean capital market and the reduction of information asymmetry. As a proxy of information asymmetry will be used the spread (bid-ask) with intra-day data of the Santiago Stock Exchange for the period 2007-2012. The study shows that the early adoption of IFRS 13 has not produced significant effect on the asymmetry of information, it is further appreciated that the application of the standard has not produced the expected effect, that is, at lower level of fair value hierarchy less asymmetry of information","PeriodicalId":30036,"journal":{"name":"Capic Review","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2015-12-10","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"70080828","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

{"title":"Competencias profesionales y la empleabilidad, para egresados y titulados de la carrera de auditoría","authors":"E. G. Díaz, Mauricio Alfaro Castillo","doi":"10.35928/cr.vol13.2015.50","DOIUrl":"https://doi.org/10.35928/cr.vol13.2015.50","url":null,"abstract":"Among the objectives formulated in the Bologna Declaration (1999), and in this case, been axis on which the new educational paradigm in higher education is based, it is: “Develop academic, competence and professional qualification criteria to answer the labor market demand the and let respond to the current educational, labor and social challenges”. The Berlin Conference (2003), emphasizes the employability of graduates. The Bergen Conference (2005), points out that to improve the employability of graduates, it is necessary to strengthen the dialogue between employers and social agents. \u0000Following the constant changes generated in the profession and the need to adapt to them permanently constant evaluation of the skills and knowledge of professionals in the area of the audit is necessary. This research makes an analysis of the evaluation of the demands of market, profesional skills for employment and remuneration of the graduates from the Accountancy program in the city of La Serena, in order to provide updated information on employability factors, as useful input to the orientation of the study programs, mobilizing the brainpower and aligning it to what socio-economic actors demand. \u0000The study sets a mixed perspective. The qualitative trait manifests by obtaining information of the graduates of audit considered like strategic actors, in this case graduates by subjective perceptions and visions that those delivered, while the quantity is expressed in terms of the analysis of data obtained by implementing an insertion surveym l’Agencia per a la Qualitat from the System of University of Catalonia (AQU). \u0000The investigation allowed to identify the most valued skills according to the market for recent graduates of Accountancy, and provide the confirmation of the importance of personal characteristics, as a factor in employability. It was determined the existence of a relationship between skills, performance category and level of remuneration, same as the determination of the assessing on quality of work.","PeriodicalId":30036,"journal":{"name":"Capic Review","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2015-12-10","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"70081143","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

{"title":"Determinantes en la Ética Profesional del Contador Público y/o Auditor","authors":"Valentín Santander Ramírez, P. Saavedra","doi":"10.35928/cr.vol13.2015.43","DOIUrl":"https://doi.org/10.35928/cr.vol13.2015.43","url":null,"abstract":"To certify the quality of accounting study programs, the interamerican accounting association demands the inclusion of ethical aspects based on the IFAC Code of Ethics. This research identify ethical aspects from the Code that significantly contribute in shaping accounting students ethically as well professionally. A descriptive-mixed approach based on semi-structured survey is used as the main research methodology. Accountants as well as professional auditor with academic and business backround are surveyed. Results indicate that 17 aspects from the IFAC Code of Ethics significantly contribute in accountants education.","PeriodicalId":30036,"journal":{"name":"Capic Review","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2015-12-10","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"70080940","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

{"title":"Orientación Ética de los Estudiantes de Contabilidad: Evidencia en una Universidad Estatal de Chile","authors":"Nataly Guiñez-Cabrera, Arturo Z. Vásquez-Párraga","doi":"10.35928/cr.vol13.2015.44","DOIUrl":"https://doi.org/10.35928/cr.vol13.2015.44","url":null,"abstract":"This study aims at knowing, analyzing, and explaining the ethical orientation of students in the career of Public Accountancy and Auditing (CPA) in a State University of Chile on the basis of deontological and teleological considerations. Similarly, it seeks to explain the student decision to reward or punish a conduct that is ethical or unethical in order to guide their education on the basis of ethics. \u0000Thus, the objectives in the study are: 1) to determine the ethical orientation CPA College students in academic work. \u0000The research is based on an adaptation of the design and the measures used by Hunt and Vasquez-Parraga (1993). The results reveal an interesting reality in the ethical background of CPA college students. The vast majority has a clear idea of how to reach ethical judgments, but many are confused when they have to make decisions (such as reward or punish) regarding those acts, ethical or unethical. The vast majority understands the value of morals, they know, but many people get stuck in the consideration of the consequences and do not decide based on the moral value of the conduct, but on the basis of the positive impact they want achieve or the negative consequences that you want to avoid. The study concludes with theoretical reflections and pedagogical applications.","PeriodicalId":30036,"journal":{"name":"Capic Review","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2015-12-10","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"70080989","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

{"title":"La credibilidad del balance social y el profesional contable","authors":"Norma B. Geba Adamkova, Mónica Paola, Marcela C. Bifaretti Muñiz","doi":"10.35928/cr.vol13.2015.51","DOIUrl":"https://doi.org/10.35928/cr.vol13.2015.51","url":null,"abstract":"According to the Accredited Accounting Research Projects framework, it has been observed that the fundamentals and dynamics of the audit or review of the process and the resulting economic and financial accounting information can be used to evaluate or verify the process and socio-environmental accounting information. \u0000In Argentina, the Argentina Federation of Professional Councils in Economic Sciences (FA CPCE) techniques (or technology) has proposed rules on Social Report and Auditing, other assurances, certification and related services, by means of Technical Resolutions (RT) No. 36 and No. 37, respectively. \u0000The objective of this research is to contribute to the credibility of the socio-environmental accounting information. To meet this objective, a selection and a hermeneutical analysis of relevant aspects of the rules regarding Social Report and Assurance Engagements issued in Argentina is carried out, results obtained and conclusions are inferred. \u0000Among the results, we can highlight the recognition of the need to issue Social Report for sustainability and to incorporate professional services such as accounting assurance engagements, which may be reasonable or limited. \u0000Among the conclusions it is stated that the organization may decide to issue the Social Report jointly or separately with the Financial States and that the period for which it is issued must be the same at which such financial statements relate. If so, when circumstances warrant, it may be desirable to place an order reasonable assurance Social Balance. To present a financial statement for interim periods and the Social Report for the same period, it could be conducive to place an order limited assurance. \u0000The review of the Social Balance by the accounting professional, adds credibility to information, contributing to the “common good standing” of society.","PeriodicalId":30036,"journal":{"name":"Capic Review","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2015-12-10","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"70081259","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

{"title":"Spin-Off y Efecto en el Precio de la Acción: El Caso de CSAV S.A.","authors":"E. C. Saavedra, Claudia A. Cifuentes Morales","doi":"10.35928/CR.VOL13.2015.40","DOIUrl":"https://doi.org/10.35928/CR.VOL13.2015.40","url":null,"abstract":"A spin-off is a corporate divestment strategy in which a firm is split into two (or more)independent companies but under the common equity ownership of the shareholders of the parent company. \u0000This study evaluates the effect on stock returns of the spin-off announced by Compania Sud Americana de Vapores (CSAV) in September 2011. This in order to draw lessons about a specific corporate divestment strategy and its effects on shareholder´s wealth in the context of an emerging and relatively small market as the Chilean stock market. \u0000Through the event study methodology this paper studies the effect on the CSAV´s stock return of the followings facts: income of Grupo Luksic to the CSAV property; the announcement of the spin-off of CSAV; and approval of the shareholders of CSAV capital rise by USD1,200 million. \u0000In the first event the share of CSAV recorded a significant positive abnormal returns on t=0 and  the CAR on t=+10 is also positive and significant, showing a favorable market reaction. In the second event significant negative abnormal returns are seen from t=0 to t=+2, showing a negative market reaction to the announcement of the spin-off and a loss of wealth for the shareholders. The CAR on t=+10 is negative and significant, between -18.65% y -24.91%. In the third event, two (of three) models recorded significant negative abnormal return on t=0, however the CAR on t=+10 is not significant.","PeriodicalId":30036,"journal":{"name":"Capic Review","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2015-12-10","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"70080611","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

{"title":"Percepción de los estudiantes universitarios respecto a técnicas utilizadas por sus docentes en el aula","authors":"R. V. Bois","doi":"10.35928/cr.vol13.2015.49","DOIUrl":"https://doi.org/10.35928/cr.vol13.2015.49","url":null,"abstract":"espanolEl desempeno de los docentes en el aula, principalmente sus metodologias e instrumentos utilizados tienen mas alla de la simple entrega de elementos que son parte del proceso ensenanza – aprendizaje, impactos que inciden en aspectos fundamentales para la obtencion y cumplimiento de metas, tales como la generacion de interes, motivacion real y efectiva, percepcion de utilidad y comprension adecuada de contenidos por parte del estudiante. La investigacion se genera por una parte por la inquietud de conocer la percepcion que tienen los estudiantes de auditoria respecto a las tecnicas utilizadas en el aula por sus docentes y por otra, con la recabar antecedentes que permitan mejorar el desempeno de los docentes universitarios en el aula. El estudio estuvo acotado a estudiantes de la carrera de Auditoria de la Universidad de Los Lagos, con resultados que pueden generalizarse en la medida que es tos se contextualicen adecuadamente. La investigacion, documental y de campo, con altos componentes cualitativos se inicio con la recoleccion de opiniones en base a una encuesta tecnicamente disenada y validada, convergiendo a un segundo proceso de analisis, parametrizacion y conclusiones, respondiendo asi las inquietudes planteadas, generando paralelamente algunas recomendaciones de caracter general. Los principales resultados establecieron que por sobre lo que generalmente se puede pensar, los estudiantes valoran aspectos tecnicos y de adecuada exigencia por sobre situaciones y/o acciones facilitadoras del avance curricular sin mayor grado de dificultad. A la vez se descarta que los medios tecnicos de apoyo por si solos sean suficientes para cumplir un adecuado proceso de ensenanza - aprendizaje EnglishThe performance of teachers in the classroom, mainly methodologies and tools used are beyond the simple delivery of items that are part of the teaching - learning process, impacts that affect fundamental aspects for obtaining and achieving goals, such as generating interest, real and effective motivation, perceived usefulness and adequate understanding of content by the student. The research is generated on the one hand the concern to know the perception students audit regarding the techniques used in the classroom by their teachers and on the other, to obtain background to improve the performance of university teachers in the classroom. The study was limited to students studying Audit at the University of Los Lagos, with results that can be generalized to the extent that it is properly contextualize cough. Research, documentary and field, with high qualitative components began with the collection of opinions based on a technically designed and validated survey converging to a second round of analysis, parameterization and conclusions, thus answering the concerns raised, generating parallel some general recommendations. The main results established that what usually be thinking, students value adequate technical and demanding aspects over situations and ","PeriodicalId":30036,"journal":{"name":"Capic Review","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2015-12-10","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"70081086","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

{"title":"Gobiernos corporativos y el fraude tributario: un análisis teórico y dos estudios de casos","authors":"C. Fuentes, Digna Azúa Álvarez","doi":"10.35928/cr.vol13.2015.48","DOIUrl":"https://doi.org/10.35928/cr.vol13.2015.48","url":null,"abstract":"Taxes are considered one of the main resources for the fight against poverty. This study seeks to establish the relationship between the definition of Corporate Governance (CG) and taxes. Taxes can be seen as the just retribution to State social capital, otherwise, as simple expenses to be reduced to a minimum. Thus, in a first part, this text shows the analysis of the tax’s meaning being used in Chile. \u0000The evidence suggests that the Chilean Society believes that the CG only creates shareholder value. \u0000As a consequence, the tax is a transfer of value from shareholder to State. In addition, the paper analyzes tax fraud conceptualization. \u0000The second part comprises of two studies. A possible Penta Group’s tax fraud financed by private capital and Codelco-Minmetals, a state based company. In these case studies, it is presented the facts and the history of the investigation. Then, the authors establish a relationship between CG and the facts. In both cases the study has detected a malfunction in the CG that favors the occurrence of situations of tax fraud. In the case of Penta, the relationship is enhanced by the pressure for greater benefits. Likewise, Codelco-Minmetals relationship is based on the need to finance new projects. The use of transfer pricing and the relocation of results to taxes paradises put into question the role of accounting. Accounting is not neutral, and fulfills an important role in the distribution of income and its impact on social inequality and, consequently, into poverty reduction.","PeriodicalId":30036,"journal":{"name":"Capic Review","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2015-12-10","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"70081475","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

{"title":"Predicción de clasificaciones de riesgo de empresas chilenas con ratios financieros, usando análisis discriminante","authors":"L. Caro, Makarena Rodríguez Oporto, Fredy Riadi Amar","doi":"10.35928/CR.VOL15.2017.12","DOIUrl":"https://doi.org/10.35928/CR.VOL15.2017.12","url":null,"abstract":"The risk classifications are very important as an element that reflects the risk related to the operations with the different companies considering this risk influences the returns that may be required by the investors, so the objective of this research is to select a set of financial ratios that allow to correctly predict about 70% of the risk classifications of Chilean companies; demonstrating at the same time, that it is possible to predict such classifications, by means of financial ratios. The analysis is developed using a sample of 18 and 17 companies, which issued corporate bonds in 2012 and 2013 respectively and applying the statistical technique of Discriminant Analysis with statistical software, Statgraphics Centurion XVI. The results show that when using the ratios of: working capital / total assets, current ratio, debt ratio, long-term debt / capital, return on assets, and EBITDA margin, it is possible to correctly predict 88.89% and 94, 12% of the risk classifications assigned to companies, for the periods under study. It is, therefore, possible to affirm that the use of financial ratios for the correct prediction of risk classifications is effective, based on the fact that these are based on public financial information, which is later complemented with other kind of information.","PeriodicalId":30036,"journal":{"name":"Capic Review","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"1969-12-31","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"70081971","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}