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NOT KNOW WHEN WILL REOPEN THE NATIONAL MUSEUM OF ARCHAEOLOGY

The newspaper La Prensa of the day April 29 2011 published this news brief about a press conference conducted by the Director of the Ministry of Culture Heritage :

"Even without data reopened museum / After a year in the National Archaeological Museum was intervened by order of the former minister Yugar Zulma, the director of Cultural Heritage, Marcos Michel archeologist, announced yesterday that there will be a reopening of the center. Of course, the authority could not say when it will happen this reopening.

During a meeting with the press, Michel gave a lengthy explanation about how they had dealt with archaeological exploration in the country over the past two centuries. Indicated, among other things, his nationalist and almost all investigated had links with the Tiwanaku culture, but was not conservation.

"We have no professional or the circumstances to preserve our heritage," he argued Michel, who later added that "there is a good statement of our values \u200b\u200barchaeological museum."

PLACEBO . Thus, as a way to overcome the lack of standards related to museology and heritage conservation, the latter protected from the Constitution, who heads the division agreed to a future reopening of the National Archaeological Museum, which in future will have a character multinational, "considering the elements of modern museology and museum."

Michel admitted that there was good care of the pieces together the repository situated at Tiwanaku, so that the immediate task after evaluating staff and define their situation, is to "clean and condition The museum, which accumulates problems long ago. "

At first it will be only an exhibition of the treasures Tiwanaku. "We do not know how much longer will be closed, (because) there should be an inventory. We will have the same staff (in number of items) and a budget with support from foreign governments and institutions "such as the UNESCO."

The truth is that the Ministry of Culture does not have a plan or clear timetable for resolving this issue, as always, everything is so far prevailing scheme of negligence, irresponsibility and improvisation.

Heritage Director says nothing about the audit and the results that emerged from the intervention. What will be done with respect to documents and missing parts? What is the process to ex-directors?. So far, former Director of the Museum continues camper and teaching the boys of the School of Archaeology, UMSA, an institution whose ethics and educational values \u200b\u200bare surprising and increasingly demoralized.

How we selected the current Director of the museum? What merit is required for this position in the field of museology, museum studies, conservation or management of archaeological heritage? Still salary being so impoverished in relation to responsibility and the tasks that must be met there?; Is this one of the causes of corruption that prevailed for so many years?; What does the statement concerning the absence Michel in Bolivia ; professionals in conservation? if you recently have been in Tiwanaku said the best specialists in this field in Bolivia? Michel

not talking about the role which you have to have the museum meet the new changes in cultural policies (as NCPE), the state structure and responsibilities of the autonomous regional and municipal governments, also talks about what has been done in this area in these three months in office in charge of the Directorate General of Multinational Government Heritage. Does

Salguero Minister will be happy with what is being done?
Too many gaps in the answers and too many unanswered questions
What we can conclude is that: There is much to do and seems to be still doing little

Carlos Lemuz http://arqueobolivia.blogspot.com

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The agency cost

When a firm has debt, conflicts of interest between shareholders (stockholders ) and bondholders ( Bondholders ) and this may motivate the former to take selfish strategies to try to maximize its profitability against the bondholders. These stressful situations between creditors of the company, because both are nothing more than that, are called agency costs can pull down the share price of the firm and basically fall into three types situations:

Incentives to take big risks: Sometimes a firm is near bankruptcy takes big financial risks because it has the feeling of playing with other people's money ... In fact, he has no choice: unless I get excited for those who have to provide liquidity support, it does not arrive in time to plug the hole that is taking the company ahead as literally "you have to wear the cute" and tend to "put " their money in projects that generate cash flow pintón ... and immediate, but do not forget that these scenes are usually the most at risk ... Right?

Incentives Reverse: The shareholders of a company with great potential to go bankrupt are reluctant to take investment in the company because they believe favor the bondholders at the expense of shareholders, for example, if the housing finance company 150,000 Euros to refurbish one of the production halls, it is possible that this money well spent, increase the present value of the building in, say, 200,000 € and add value to the company but the shareholder tend to wonder why you should use their own funds to improve the value of a building that a bank might be about to run ... If the improvement of the building had sufficient economic return and generate positive cash flows in a company leveraged those cash flows are generated, essentially and in this case, shareholder money, but the end benefit sharing between each other via dividend or coupon payment. why the investment strategy of a leveraged firm is totally different from other debt-free company and therefore the companies who bear some uncertainty tend to not renew fast enough productive assets.

Milk Company: A popular strategy for harm to bondholders is to pay dividends or distributions irregular extra benefits like stock options in times of financial stress, decreasing the value of the firm to the bondholders. This policy is known as the financial gossip "milking" . Legally there is no objection, it is the Governing Council who proposed to the General Board the amount of the dividend or distribution, but the ethical issue may not be clear: know that accounting is patient and will be neither the first nor the last case of a firm that must borrow money to pay a dividend and also, if the dividend is not justified, the firm reduces its value at the same time and hence pay the bondholder the embezzlement, the business is lost value but continues to pay the bond when the differential was worth more ...

In short, if you intend to invest in a company like bond or bondholder must be clear el tipo de projecto en el que se invierte, la política de retribución del accionista, la evolución y distribución de los cash flows libres de los últimos años y la urgencia con la que se aplican en captar a esos nuevos inversores porque... de Nuevas Rumasas... están los cementerios llenos.

Saludos!

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Play Ground Streaming

Annual Accounts

Hola a todos!

A estas alturas del año a todos nos entran las prisas con el tema de la presentación de las Cuentas Anuales ... ¿Que si cuándo? ¿Que si cómo? ¿Que si hay sanción?... Vamos a intentar aclarar un poco el tema.

The financial statements are, in particular, the method by which a company submits to the market developments in business, in the most authentic possible to and publicize them so anyone can go to the Register merchant to collect any relevant information. Once deposited, and over the next fifteen days record grades your own risk and should be free of defects, the deposited practicing housing. Once this is done the Commercial Register must keep such accounts for six years.

In terms of timing, the following applies: For

1. the formulation accounts, three months after the end of the year.
2. approval For the first six months of the year.
3. For deposit, one month after its approval or settlement.

Therefore, as later, the annual accounts must be deposited, for a company in which the calendar year coincides with the economic, July 31 next year And, if not? Well sanctions can be of two types : first occurs close call registry by which society can not be entered in the register any document as long as there failure, secondly, it provides for the imposition of a fine that according to case, ranging from the 1,202 Euros for a small company with no activity and € 300,506 is envisaged as the maximum sentence for companies with large volumes of billing.

That does not pass you!

www.NLSasesores.com

Imako Versus Securesmile

The Pay-Back Working capital

Hello everyone.

One of the largest financial criteria used to assess the appropriateness of carrying out an investment project is the Pay-Back . Basically, the Pay-Back measured the time in which recovers the initial investment accounting is disbursed to undertake a project. In any case, it is clear that the data obtained is not the creation of value provided by a project but is rather a true indicator of the risk associated to it by that, far from being a tool to be used as a criterion single is rather associated with related metrics NPV (net present value).

If, for example, paid € 5,000 to undertake an investment project that the first year we returned € 1,000, the second and the third € 2,000 € 2,000 more, the pay-back of investment is three years. As is readily apparent, the main advantage of this "method" is simplicity while main drawbacks is the fact that they ignore cash flows that occur after the recovery of the property value accounting and does not consider the opportunity cost of money or its value over time.

A Pay-back "improved" Pay-back is granted, including the opportunity cost of money and the costs associated with cash flow because it measures no longer accounting period of good recovery but period in which the project has positive NPV. Thus we can compare two cases in which the recovery time affects the calculation ...

... making it clear that the sooner recover money ... better.

Greetings!

www.NLSasesores.com

Sunburn Like Rash Pregnancy

When analyzing a balance sheet, the Working capital is one of the key indicators to assess the health of our company. Maiobra Fund (or "Working Capital" in English) is simply that part of current assets is financed by long-term debt or, more colloquially, it would be the surplus of capital (stocks, realizable cash ...) that remains after dealing with our short-term commitments.


As previously mentioned, if our Working capital is "what remains" after paying our immediate obligations ... We are assuming that is positive, and in fact the theory analysis traditional balances, it should be: in this way we would leave a cash security, a small remnant would prove that our current management is adequate and that is not likely to have liquidity problems .

Is it better to be the case? Well, like everything in life depends ... A positive working capital can give the impression of solidity ( especially the bank without to take the next loan ... ) but in the end, what it indicates is that we pay before we charge, which can give an idea that we have not fought enough with suppliers when negotiating payment terms, on the contrary, a fund negative working not in love any risk analyst but allowed to grow and that by delaying payment to suppliers ( that is growing the short term due to the liabilities side ) I have resources available on the company to open a new line of business, research a new product or take out a new project.

By definition, young companies tend to have positive working capital , because not enjoy an established track record in the sector, suppliers are likely to ask you to pay in cash and products, however, want to sell at first, must "stretch the hole" to the granting of pay periods higher to new customers. In any case, the optimal structure of the consolidated balance sheet of a company should include a financial maneuver that tended to be neutral or slightly positive or negative because, as we have seen a very positive can result in payment periods are not traded good and one very negative to the idea that we can meet our commitments. Nor should we forget accounting illusion: In the active stocks are valued at cost and liabilities, accounts payable real value. Any analyst should think about it before doing the scoring for the next operation ...

Greetings!

www.NLSasesores.com