curso "la decisión de invertir en las organizaciones"
DESCRIPTION
Temario y Ejercicios Resueltos de este curso de inversiónTRANSCRIPT
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7/17/2019 Curso "La decisión de invertir en las organizaciones"
http://slidepdf.com/reader/full/curso-la-decision-de-invertir-en-las-organizaciones 1/50
CURSO - “La decisión de invertiren las organizaciones”
ÍNDICE:
TEMA 1.- ANÁLISIS DE INVERSIONES
A) INVERSIÓN A.1) CONCEPTO A.2) SIGNIFICADO
A.3) ELEMENTOS QUE INTERVIENEN A.4) CLASIFICACIÓN
B) ELEMENTOS QUE DEFINEN LA INVERSIÓN
B.1) HORIZONTE TEMPORALDETERMINACIÓNVIDA FÍSICA
VIDA TÉCNICO COMERCIALVIDA TECONOLÓGICASUBDIVISIÓN DEL HORIZONTE TEMPORAL
B.2) DIMENSIÓN DE UN PROYECTO
B.3) FLUJOS DE CAJACONSIDERACIONES PREVIASDETERMINACIÓN
C) ASPECTOS A CONSIDERAR EN LA DECISIÓN DE INVERTIR
TEMA 2:EVALUACIÓN DE LOS PROYECTOS DE INVERSIÓN: MÉTODOS ESTÁTICOS
MÉTODOS DE VALORACIÓN Y SELECCIÓN DE INVERSIONES
MÉTODOS ESTÁTICOS
CLASIFICACIÓN DE LOS MÉTODOS ESTÁTICOSa) FLUJO DE CAJA TOTAL POR UNIDAD MONETARIA COMPROMETIDAb) FLUJO DE CAJA MEDIO ANUAL POR UNIDAD MONETARIA COMPROMETIDA
c) PLAZO DE RECUPERACIÓN DEL CAPITALd) TASA DE RENDIMIENTO CONTABLEe) COMPARACIÓN DE COSTES
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7/17/2019 Curso "La decisión de invertir en las organizaciones"
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TEMA 3:EVALUACIÓN DE LOS PROYECTOS DE INVERSIÓN: MÉTODOS DINÁMICOS
MÉTODOS DE VALORACIÓN Y SELECCIÓN DE INVERSIONES
MÉTODOS DINÁMICOS
CLASIFICACIÓN DE LOS MÉTODOS DINÁMICOS
PLAZO DE RECUPERACIÓN DEL CAPITAL CON DESCUENTOa) VALOR ACTUAL NETO O VALOR CAPITAL VENTAJAS INCONVENIENTES
b) TASA DE VALOR ACTUALVENTAJASINCONVENIENTES
HIPÓTESIS DE REINVERSIÓN DE LOS FLUJOS NETOS DE CAJA
TEMA 4:RELACIÓN ENTRE VAN Y TIR
A) RELACIÓN ENTRE LOS CRITERIOS DEL VAN Y DEL TIR
B) VAN GLOBAL Y TIR GLOBAL
TEMA 5:INFLACCIÓN E INVERSIONES
EL EFECTO DE LA INFLACIÓN EN LA SELECCIÓN DE LAS INVERSIONES
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7/17/2019 Curso "La decisión de invertir en las organizaciones"
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TEMA 1: LA EVALUACIÓN DE PROYECTOSEMPRESARIALES. CRITERIOS DE SELECCIÓN DE
INVERSIONES.
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7/17/2019 Curso "La decisión de invertir en las organizaciones"
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7/17/2019 Curso "La decisión de invertir en las organizaciones"
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7/17/2019 Curso "La decisión de invertir en las organizaciones"
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TEMA 2: EVALUACIÓN DE LOS PROYECTOS DEINVERSIÓN: MÉTODOS ESTÁTICOS.
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7/17/2019 Curso "La decisión de invertir en las organizaciones"
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TEMA 3: EVALUACIÓN DE LOS PROYECTOS DEINVERSIÓN: MÉTODOS DINÁMICOS.
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7/17/2019 Curso "La decisión de invertir en las organizaciones"
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7/17/2019 Curso "La decisión de invertir en las organizaciones"
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7/17/2019 Curso "La decisión de invertir en las organizaciones"
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%A> KD<E9 @A= BA8>:E<=9= <C B9>A <8 <C KD< ABD==98 C9> EA> B:=BD8>H98B:9> 989C:L9E9>98H<=:A=F<8H<P KD< CA> E<><FGAC>A> :8:B:9C<> J CA> MA=:LA8H<> H<F@A=9C<> ><98E:>H:8HA>N
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TEMA 5: EL EFECTO DE LA INFLACIÓN EN LASELECCIÓN DE LAS INVERSIONES.
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9C <I<BHA E< C9 E<OC9B:?8 A E< C9 :8OC9B:?8N
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'8 <C B9>A KD< M<FA> E<>B=:HA H<8E=<FA> 8 OCDQA> BDJ9 B9@9B:E9E 9EKD:>:H:;9 <>E:>H:8H9 J @A= CA H98HA >A8 F9S8:HDE<> M<H<=ASY8<9>N ! C9 MA=9 E< 9BHD9C:L9= <>HA> OCDQA>8A >ACA >< M9 E< H<8<= <8 BD<8H9 <C BA>H< E< B9@:H9C m/ >:8A C9 E<OC9B:?8 ><Sf8 D89 H9>99BDFDC9H:;9 E< :8OC9B:?8 A :8B=<F<8HA S<8<=9C E< CA> @=<B:A>/ KD< >D@A8<FA>BA8>H98H< 9 CA C9=SA E<C @=AJ<BHA E< :8;<=>:?8/ SN
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49 <W@=<>:?8 E<C &!% ><=V9P
2< C9 C<BHD=9 E< <>H9 I?=FDC9 J9 >< @D<E< E<EDB:= B?FA 98H< C9 @=<><8B:9 E< :8OC9B:?8C9> <W@<BH9H:;9> E< =<8H9G:C:E9E E:>F:8DJ<8 <8 D8 @=AJ<BHAN
49 .$( KD<E9=V9 <W@=<>9E9 E< C9 >:SD:<8H< F98<=9P
'8 <>H9 I?=FDC9 C9 :8B?S8:H9 ><=V9 = A C9 H9>9 :8H<=89 E< =<8H9G:C:E9E =<9CN -AE=V9FA>A@<=9= E< C9 >:SD:<8H< IA=F9P
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'8 C9 F9JA=V9 E< C9> :8;<=>:A8<> @9=<B< FT> C?S:BA @<8>9= KD< CA> OCDQA> E< B9Q9 8A >A8:8E<@<8E:<8H<> E<C 8:;<C E< :8OC9B:?8N -A= <Q<F@CA/ >: C9 <F@=<>9 9EKD:<=< D8 8D<;A<KD:@A J <C V8E:B< S<8<=9C E< @=<B:A> >DG</ <> :8HD:GC< KD< <C <F@=<>9=:A :8B=<F<8H< <C@=<B:A E< >D> @=AEDBHA> @9=9 8A @<=E<= B9@9B:E9E 9EKD:>:H:;9N , @A= <Q<F@CA/:8;<=>:A8<> <8 C9> KD< F<E:98H< BA8H=9HA >< @=<;<9 C9 BA==<BB:?8 E< C9 >DG:E9 E< CA>
@=<B:A>/ BAFA @D<E< ><= D8 9CKD:C<=N2< <>H9 IA=F9 BA8>:E<=9=<FA> S BAFA C9 H9>9 E< :8OC9B:?8 J I <C H98HA @A= D8A <8 KD< ><:8B=<F<8H9 <C ;9CA= 8AF:89C E< CA> OCDQA> 8<HA> E< B9Q9 BAFA BA8><BD<8B:9 E< C9:8OC9B:?8N 2< <>H9 IA=F9 E:I<=<8B:9FA> EA> BA8B<@HA>P C9 H9>9 E< :8OC9B:?8 S<8<=9C E<CA> @=<B:A> J C9 ;9=:9B:?8 KD< >DI=<8 CA> BAG=A> J @9SA> E<C @=AJ<BHAN 789 <> D89 H9>9 E<:8OC9B:?8 <WH<=89 9C @=AJ<BHA J C9 AH=9 :8H<=89N
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2<C F:>FA FAEA <C .$(P
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'W@=<>98EA <C <I<BHA E< C9 :8OC9B:?8 <8 CA> FAE<CA> E< :8;<=>:A8<> <8 HY=F:8A> E<<C9>H:B:E9E @AE<FA> BD98H:O:B9=CA <8P
)D>H:HDJ<8EA <>H< ;9CA= <8 C9> I?=FDC9> E<C &!% J C9 .$( H<8<FA>P
,G><=;98EA <>H9> <W@=<>:A8<> @AE<FA> E<EDB:= KD<P
U ): 'I <> F9JA= KD< C9 D8:E9E/ C9 :8OC9B:?8 :8OCDJ< I9;A=9GC<F<8H< >AG=< C9 :8;<=>:?8E9EA KD< 9DF<8H98 <C &!% J <C .$(N
U ): 'I <> F<8A= KD< C9 D8:E9E/ C9 :8OC9B:?8 =<@<=BDH< 8<S9H:;9F<8H< >AG=< C9:8;<=>:?8 E9EA KD< E:>F:8DJ<8 <C &!% J <C .$(N
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!8H<=:A=F<8H< C9 BA==<BB:?8 9 B9D>9 E< C9 :8OC9B:?8 C9 9@C:BTG9FA> >AG=< CA> OCDQA>8<HA> E< B9Q9/ <> E<B:=/ >AG=< C9 E:I<=<8B:9 <8H=< CA> BAG=A> J @9SA>/ BD98EA C9 :8OC9B:?8@D<E< 9I<BH9= E< IA=F9 E:>H:8H9 9 <>H9> BA==:<8H<> E< BAG=A> J @9SA>/ @A= <CCA >< M9 E<E:>H:8SD:= <8H=< C9 H9>9 E< B=<B:F:<8HA E< CA> BAG=A>/ B/ J C9 H9>9 E< B=<B:F:<8HA E< CA>@9SA>N @N
'C &!% J C9 .$( ><=V98P
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49 .$( ><=V9P
2<@<8E:<8EA E<C ;9CA= E< C9 <C9>H:B:E9E E< CA> BAG=A> J CA> @9SA> @AE=<FA> 9O:=F9=KD<P
U ): 'Bv'@/ C9 :8OC9B:?8 =<@<=BDH< I9;A=9GC<F<8H< 9C @=AJ<BHA E< :8;<=>:?8 @A=AGH<8<=>< D8A> ;9CA=<> BD98H:H9H:;A> E< &!% A .$( >D@<=:A=<> 9 CA> KD< >< CC<S98BA8 HAH9C 9D><8B:9 E<C 9CL9 E< @=<B:A>N
U ): 'Bw'@/ C9 :8OC9B:?8 =<@<=BDH< 8<S9H:;9F<8H< 9C @=AJ<BHA E< :8;<=>:?8 @A= ><= CA>;9CA=<> BD98H:H9H:;A> AGH<8:EA> :8I<=:A=<> 9 CA> KD< >< CC<S9 BA8 HAH9C 9D><8B:9 E<E:BM9 :8OC9B:?8N
U ): 'Bo'@/ C9 :8OC9B:?8 8A 9I<BH9 @9=9 89E9 9C @=AJ<BHA E< :8;<=>:?8 J C9 BD98HV9 KD<>< AGH:<8< E< &!% J .$( >A8 :EY8H:B9> KD< BA8 9D><8B:9 E< E:BM9 :8OC9B:?8N
U'8 Y@AB9> E< :8OC9B:?8/ C9 <F@=<>9 E<G< DH:C:L9= 9KD<CCA> :8@DH> F<8A> ><8>:GC<> 9C 9CL9E< @=<B:A>/ BA8 <C AGQ<HA E< KD< >< E< C9 @=:F<=9 >:HD9B:?8N -A= <Q<F@CA/ >: <C I9BHA=B9@:H9C <> F<8A> ><8>:GC< 9C 9CL9 E< @=<B:A> KD< <C I9BHA= H=9G9QA/ >: C< <> @A>:GC< C9<F@=<>9 H<8E<=T 9 F<B98:L9=>< 9C FTW:FA/ S9=98H:L98EA <C >DF:8:>H=A E< :8@DH>F<E:98H< BA8H=9HA> >:8 BCTD>DC9 E< =<;:>:?8 E< @=<B:A>N
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