Analysis of Accounting and Financial Information in a Company During the Pandemic Análisis de la Información contable y Financiera en una Empresa Durante la Pandemia

Abstract

The importance of accounting and financial information in a company during the COVID-19 pandemic is analyzed. It is highlighted that the economic crisis resulting from the pandemic has affected many companies and that financial information is essential for making important strategic decisions in this advance. Therefore, the analysis of accounting and financial information focuses on the evaluation of the financial statement, the income statement and the cash flow. The measures that companies can take to reduce their costs and preserve their liquidity are discussed, as well as the importance of adequate financial planning to guarantee business continuity. The importance of information and communication technologies (ICT) in facilitating the collection and analysis of financial data in real time is discussed, allowing companies to quickly adapt to changes in the business environment. It is concluded that accounting and financial information is essential for effective decision making in a company during the pandemic. Companies must take advantage of ICT (Accounting Software) to collect and analyze financial data in real time, which has allowed them to quickly adapt to changes in the business and commercial environment, taking into account that COVID-19 was as such the most strong that the companies had and were able to survive with a good administrative team and based on a strong commercial strategy to continue with the company facing the changes that it obtained.