<b>Cash flow statements: an analysis of resource acquisitions by the civil architecture enterprises listed at BM&F Bovespa</b> - doi: 10.4025/enfoque.v31i1.13553

Abstract

The dynamics of the financial and economic world demands more from organizations than strategies of management and administration of their capital. It requires more dynamism in obtaining information and adopting procedures to organize and control the companies’ capital. Recent changes in the organizational concepts and legislation present new challenges to the accounting procedures which must guarantee trustworthiness to the decisions made in accordance with recent information. In this scenery, characterized by changes and instability, the present research had as its objective to identify the forms of acquiring financial sources used by the civil architecture enterprises which negotiate their shares at BM&F Bovespa. With this aim in mind a bibliographical research was undertaken as well as data collection. The latter covered the financial statements of 2007, 2008 and 2009, and it was noticed that more than 80% of the organizations under scrutiny acquired resources through financing activities. It was noticed that in the year of 2007 the main financing activity consisted in the capital increase of the enterprises. In the years of 2008 and 2009, however, the main forms of capitalization consisted in loan capital, financing aids and the launching of debentures. It was realized that the cash flow report is a very dynamic statement concerning information  on the financing sources of enterprises besides contributing to accounting harmonization, something quite important vis-à-vis the present economic sceneries in which frequent  new norms and procedures demand a dynamic flux of information as well as  dynamic accounting procedures.