Operational Financial Performance In The Coal Sector, A Frontier Context
Abstract
The research work on the operating finances, solvency and profitability of the coal sector in the Norte de Santander Department of Norte de Santander, analyzes the financial management factors that allow maintaining an adequate working capital management. The participation in the creation of jobs and in the royalties that support the economy at regional level supports the importance of the study. The objectives were: To relate operational finances, solvency and profitability of the coal mining industry in Norte de Santander and to propose strategic financial guidelines to help the coal mining sector in Norte de Santander. A descriptive correlational research was carried out with a documentary and field design. With the support of businessmen of the sector, critical factors that affected the financial management of the sector were identified. Between the turnover of accounts receivable and accounts payable there is a mismatch between accounts payable and accounts receivable; this led to accounts receivable being financed with non-operating resources, hence the need for operating funds.
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