Editorial

ID: 37827

Authors: Maria de Fátima Araújo Frazão.

Source: Revista de Gestão, Finanças e Contabilidade, v. 3, n. 1, p. 1-2, January-April, 2013. 2 page(s).

Document type: Editorial (Portuguese)

Valuation of open source software: how do you put a value on free?

ID: 37828

Authors: Jesús García-García, María Isabel Alonso de Magdaleno.

Source: Revista de Gestão, Finanças e Contabilidade, v. 3, n. 1, p. 3-16, January-April, 2013. 14 page(s).

Keyword: Accounting standards , Financial reporting , Open source software

Document type: Article (English) Show Abstract

The aim of this study is to assess the financial reporting framework applied to open source software. Open sourcing software developments means sharing technology and resources with communities worldwide to help eliminate the digital divide, create economic opportunity, and support equal access to technology. Therefore, a methodological approach is needed to assess properly the performance and the value generation potential and to put such measure into organizational reports. International financial reporting framework is checked over conditions to allow value recognition of open sourced assets. Linux kernel development value is estimated to reflect worth of open source developments despite absence of book value due to inexistence of a single cost source. Several attempts to estimate a valuation of open source software have been performed previously. However, this study is the first to judge suitability of accounting framework to report on this value. The main finding is that open sourced assets do not fully accomplish conditions to be included in financial reports. We seek to stimulate academic and professional debate about the pursuit of valuation of a large and efficient ecosystem of software innovation, freely available to society.

The perception of high school students about the accounting course and the accountants activities

ID: 37829

Authors: Claudio de Souza Miranda, Raissa Alvares de Matos Miranda, Adriana Maria Procópio de Araujo.

Source: Revista de Gestão, Finanças e Contabilidade, v. 3, n. 1, p. 17-35, January-April, 2013. 19 page(s).

Keyword: Accountants , Accountin , Accounting , Higher education , Perception , Stereotypes

Document type: Article (Portuguese) Show Abstract

The main objective of this study is to analyze the perception of high school students about the accountant and his profession and the subjects studied by accountants at the university Although the number of Accounting courses has expanded all over Brazil, most of the people don't know what exactly an Accountant does. Many are the myths and stereotypes made by people about this profession. International studies as Vaivio e Kokko, 2006 and Schlee et al, 2007 point to a low perception about the profession "Accountant" mostly the high school students. To evaluate the perception of these students about these aspects, a survey was built and posted on a website that was widely released. The research strategy used was the survey and the number of good responses obtained was 1.046. The research assessed the perception of the students in relation to the subjects studied in the accounting courses, professional activities, labor market, ethics at the activities and the value given to the professionals. The results obtained demonstrate that in some situations related to the profession are ignored. Many myths and stereotypes pointed in the international studies were found in this sample.

Efficient market hypothesis: event study after the reduction on industrialized products tax

ID: 37830

Authors: Fernanda Sousa Gabriel, Rafael Borges Ribeiro, Kárem Cristina de Sousa Ribeiro.

Source: Revista de Gestão, Finanças e Contabilidade, v. 3, n. 1, p. 36-52, January-April, 2013. 17 page(s).

Keyword: Decrease of IPI , Event study , Market efficiency hypothesis

Document type: Article (Portuguese) Show Abstract

The Efficient Market Hypothesis (EMH) developed by Fama (1970, 1991) states, in its semistrong form efficiency, that prices adjust instantly to any relevant information publicly disclosed. Therefore, the chances of one consistently achieving returns in excess of average market returns are restricted. The objective of this study is to determine the behavior of companies´ stocks prices that belong to segments of "white line" household appliances, furniture, paper and cellulose, during the days surrounding the announcement of the reduction on Industrialized Products Tax (IPI), occurred on March 26, 2012. It is also aimed to verify if the capital market showed signs of semi-strong form efficiency. The methodology used was the event study, which uses the market model to obtain abnormal returns on assets. Data on stock prices was obtained from historical data available on BM&FBovespa (Brazilian Mercantile and Futures Exchange)´s website. The analysis of the abnormal return in the event window (t-5 and t+5 days from the announcement) showed statistically significant positive abnormal returns on days t-1, t-2 to t+3. The overall results indicate that Brazilian capital market failed to provide any strong and consistent evidence in support the premises of EMH, specifically in the semi-strong form efficiency.

Valuation of goodwill internally generated through market value: a study on the basis of financial statements of a technology company

ID: 37831

Authors: Carlos Augusto Pacheco Pereira, Eliene Aparecida de Moraes, Jonatas Dutra Sallaberry.

Source: Revista de Gestão, Finanças e Contabilidade, v. 3, n. 1, p. 53-70, January-April, 2013. 18 page(s).

Keyword: Intangible Assets , Quantitative Methods , Valuation

Document type: Article (Portuguese) Show Abstract

The financial statements often do not reflect the market value of firms, and the difference between the book value and market value is largely justified by the existence of unrecognized intangible assets. In the accounting literature there are several methods for valuation of internally generated intangible assets, such as Lawrence R. Dicksee, Hatfield, New York, Current Value of Superprofits, Replacement Cost or Current Cost, Economic Value, Value Realization, Excess Value on Economic Value Chain Model and Residual Valuation of Intangible Assets, each with advantages and disadvantages in their use. Through a literature review, this study identified among the methods of measurement of internally generated goodwill, which is effectively (or near) the value that the market is willing to pay for the assets of the entity, whereas this difference arises from expectations higher earnings based on equity and surplus to aggregate entity. In the research we used data obtained from the financial statements for the years 2009, 2010 and 2011 for a technology company. From the values obtained for the operationalization of the methods, it was concluded that the method that most closely approximates the market value is the method Hatfield, where the market value is approximately six times the book value of the company.

Efficiency in resource allocation for public assistance in the brazilian hospital

ID: 37832

Authors: Fábia Jaiany Viana de Souza, Célio da Costa Barros.

Source: Revista de Gestão, Finanças e Contabilidade, v. 3, n. 1, p. 71-89, January-April, 2013. 19 page(s).

Keyword: Brazilian States , Efficiency , Hospital Care

Document type: Article (Portuguese) Show Abstract

Public policies are formulated in order to promote actions aimed at social welfare and improving the quality of life. Health is the full enjoyment of bodily functions, mental and physical of a human being. Care for, preserve and lengthen the longevity of life is the important task of health function. This research aims at analyzing the efficiency of public spending on hospital care in the Brazilian states in the years 2009 and 2010. We used descriptive research, literature, quantitative and qualitative. Data collection was performed at the sites of the National Treasury, FINBRA, DATASUS and System FIRJAN. The results revealed that among the 23 states surveyed 6 of them (Acre, Amapá, Paraná, Roraima, Tocantins and São Paulo) were efficient by observing their scores in 2009, and in 2010, the efficiency was seen in 7 states (Acre , Amapá, Minas Gerais, Paraná, Roraima, Tocantins and São Paulo).

The methodological profile of scientific production in public budgeting: an analysis of the brazilian scenario in the first decade of the XXI century

ID: 37833

Authors: Maurício Vasconcellos Leão Lyrio, Eloise Helena Livramento Dellagnelo, Rogério João Lunkes.

Source: Revista de Gestão, Finanças e Contabilidade, v. 3, n. 1, p. 90-106, January-April, 2013. 17 page(s).

Keyword: Budgeting , Public sector , Research method

Document type: Article (Portuguese) Show Abstract

The present study is located in the field of public administration and aims to discuss the methodological profile of studies on public budgeting carried out in Brazil in the first decade of the XXI century. As regards methodology, a survey was done on the basis of the SCIELO database, from a quantitative perspective; as regards the approach to the problem under investigation, the study is of a descriptive nature. I became evident from some of the results obtained that the research on the topic of public administration is carried out mainly in the context of the public sector, being unassociated with particular sector of activity. A quantitative approach was found to be privileged, econometry being the main research method.

The impact of staff turnover and absenteeism on the product cost: a study in a gaúcha industry

ID: 37834

Authors: Mauricio Farias Cardoso, Janice de Freitas Cardoso, Simone Rodrigues dos Santos.

Source: Revista de Gestão, Finanças e Contabilidade, v. 3, n. 1, p. 107-121, January-April, 2013. 15 page(s).

Keyword: Absenteeism , Product Cost , Profitability , Turnover

Document type: Article (Portuguese) Show Abstract

The aim of this study was to analyze the impact of staff turnover and absenteeism on the product cost in a Gaúcha industry (from the southern part of Brazil). Therefore, a case study was performed, which involved the participation of a multinational corporation with manufacturing facility in the state of Rio Grande do Sul. The data was collected during the year of 2011 through semi-structured interviews with the human resources responsible and also with controller supervisor of the company. Besides the interviews, accounting documents, cost management and human resources reports were also analyzed. The study was limited to analyzing the product with the highest turnover and the sector with the highest turnover and absenteeism in the company. In this study we could demonstrate that the turnover and the absenteeism presented by the sector had a significant impact on the cost of the product analyzed, decreasing the results provided by the sale of this product in the periods in which the cost had higher elevation.

Personal finance teacher education network of municipal of campo Formoso-BA: A study in Jose de Anchieta School

ID: 37835

Authors: Romilson do Carmo Moreira, Henrique Levi Freitas Sena de Carvalho.

Source: Revista de Gestão, Finanças e Contabilidade, v. 3, n. 1, p. 122-137, January-April, 2013. 16 page(s).

Keyword: Consumerism , Education , Personal Finance

Document type: Article (Portuguese) Show Abstract

Facing a destabilized economy and high inflation Brazilians acquired immediacy and consumerist habits. The result of a rapid currency appreciation in the period before the real plan, increasingly, people are committing significant parts of their resources and acquired credit, constituting a scenario of debt and default. This work presents the profile of the personal finance teachers of municipal schools of Campo Formoso, Bahia, starting with the following assumptions: teachers not practice financial education; credits used indiscriminately, without control and are in a significant degree of indebtedness . To obtain data for the study, a questionnaire applied to teachers from José de Anchieta School. The survey results indicate a growing indebtedness and lack of personal finance teachers surveyed. The construction of educational policies encourage financial education and consumer awareness.