Resumo

MARTINO, Sofía. Efectos de la inflación en el análisis financieroAnálisis de un caso. Escr. Contab. Adm. [online]. 2016, vol.7, n.1, pp. 77-113. ISSN 1853-2055.

Due to its importance in decision making, the information provided by financial statements must be sufficiently comprehensive and close to economic reality in order to satisfy users' needs. When there is inflation, the purchasing power of currency is altered, and then financial information is no longer representative or reliable. This paper aims to develop a simple and applicable control-based model to identify the main effects of inflation on financial statements and its non-neutral incidence on performance drivers. The model is applied on a case study involving a publicly traded SME, during the period 2009-2013. Results show that inflation has two significant effects on performance indicators: it affects both comparability and relative price structure, leading to potential distortions in investment and financing decisions.

Palavras-chave : Inflation; Relative Prices; Financial Statement Analysis; Inflation Adjustment Methods.