Modification to the presentation of the Financial Performance Statement in the UEB of the Cuban Lubricants Company
Keywords:
accounting, profit distribution, economic management, pricesAbstract
The work presents the modification to the presentation of Financial Performance Statements in all the Base Business Units (UEB) of the Cuban Lubricants Company (CUBALUB). The original procedure is based on the need to disaggregate the Net Profit before Tax management indicator for each of the 14 UEBs that make up the company. This need is based on greater precision in the analysis of the result indicators for the most efficient use of resources and their planning. In its practical implementation, it was determined that the distribution of General and Administration Expenses only among the Producing UEBs was not real. The modification consists of detailing how they will be distributed among the producing and marketing UEBs, always taking into account the level of activity. The pertinent modifications are also made to the procedure, regarding the preparation of the Performance Statement in each of them. The materials used are the regulations approved in the entity, as well as its 2024 Plan broken down by each of the UEBs. The research methods used were: analysis and synthesis (theoretical); review of documents and consultation with (empirical) experts. This modification allows for a more realistic proportional distribution of the expenses mentioned between each of the UEBs, as well as a more effective analysis of the indicators and optimization of results in each of them and in the company in general.
References
Consejo de Estado. (2021). Decreto Ley 34 “Del Sistema Empresarial Estatal Cubano” (Vol. Ordinaria 51 de 07 de mayo de 2021). La Habana, Cuba: Gaceta Oficial de la República de Cuba.
Ministerio de Finanzas y Precios. (2005). Resolución 54 Establece que las empresas estatales, deben elaborar, a partir de la Normas Cubanas de Contabilidad y de Contabilidad Gubernamental, un documento que contenga la base normativa contable de cada entidad, como parte del Sistema de Con. La Habana: Ministerio de Finanzas y Precios.
Ministerio de Finanzas y Precios. (2020). Resolución 313 Establece las Tasas Máximas de Margen Comercial. (Vol. Extraordinaria 70 de 10 de diciembre de 2020). La Habana, Cuba: Gaceta Oficial de la República de Cuba.
Ministerio de Finanzas y Precios. (2020). Resolución 324 Establece el tratamiento a aplicar por las entidades, a los precios mayoristas descentralizados en pesos cubanos, en los primeros 6 meses a partir de decretarse el ordenamiento monetario (Vol. Extraodinaria 70 10 de diciembre de 2020). La Habana: Gaceta Oficial de la República de Cuba.
Downloads
Published
How to Cite
Issue
Section
License
This work is licensed under a Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 International License.
- Sending a contribution to the Cuban Magazine of Finance and Prices (RCFP) implies a non-exclusive assignment of rights, which includes: Reproduce the Article in whole or in part and communicate the Article to the public in print or electronic format, combined or not with the works of third parties, such as by making the Article available to the public via the Internet or any other network, as part of a database, with on-line or off-line access, for use by third parties; Translate the Article into other languages and release the translation to the public; Create adaptations, summaries, or excerpts of the Article and other derivative works thereof, and exercise all of your rights in such adaptations, summaries, excerpts, and derivative works; Include the Article, either in its translated, adapted or summarized version, totally or partially, in a computerized database and make it available to third parties; Include the Article, totally or partially, either in its translated, adapted or summarized version, in a selection or compilation of texts; Rent or lend the Item to third parties; Reproduce the Article by means of reprography, without prejudice to legal limitations.
The Author of articles published in the Cuban Magazine of Finance and Prices (RCFP) may exercise the following rights:
- Reproduce the Article, totally or partially, and disseminate its content or make it available to the public, in printed or electronic format, as part of a teaching content or as a compilation, for use in the academic or research field in the institution to the one to which the Author belongs or in those institutions to which he belongs.
- Publish the Article on the Internet or authorize the Author's institution (or any other appropriate organization) to do the same, immediately from the date of publication of the Article in the journal: within the institution's closed network (p. eg, the intranet); or in publicly accessible institutional repositories or centrally organized repositories, provided that a link to the Article is included on the journal's website.
- Grant to the Author's own institution (or any other appropriate organization) the authorization to reproduce the Article in order to prevent its deterioration or, if the original is in an obsolete format or the technology to use it is not available, in order to ensure that the Article remains available for teaching or research purposes;
- Present the Article at a meeting or conference, and distribute copies of the Article to those attending the event.
- Grant end users at the Author's own institution (or any other appropriate organization) permission to copy, use, transmit, and publicly perform the work and to create and distribute derivative works.
