In accordance with the Specialist of the CRC Jose Joaquin Son, new Law 11,638/07 abolished TO DONATE and instituted the obligation of elaboration of the DFC (Demonstration of the Flows of Box). In the case of the public company (that is, those with movable values negotiated in stock market or over-the-counter market), the DVA was also instituted (Demonstration of Added Value). The DFC supplies to a summary of the relative flows of box three atividadesda company: 1. Operational activity; 2. Activity of investments; 3. Activity of financings. Therefore, the DFC allows the user to see as the box transited through the entrances and sadase which was the result of this flow. The DFC already was obligator in the United States since 1987, what it demonstrates the relevance of the alteration brought for Law 11.638/07.
The DVA shows how much of wealth it was generated by the company and as this wealth it was distributed between the shareholders, employees, suppliers and the government. Although the DVA not to have as much relevance for ends of evaluation of a company, such financial, economic and mainly social demonstration is important for academic, statistical ends and of sectorial analysis. Beyond the institution of these new two financial demonstrations (DFC and DVA), it also had significant modifications how much to the elaboration of the patrimonial rockings, as, for example, the creation of the heading ' ' intangvel' ' in the Permanent Asset and the accounting or ' ' marking mercado' ' of the applications in financial instruments, also derivative (future contracts, forward contracts and options) and substitution of ' ' reserve of reavaliao' ' for ' ' evaluation adjustment patrimonial' '. A question of formal character is if the Companies of Great Transport will have or not that to publish its financial demonstrations. Art. 3 of Law 11,638/07 extended the devices of the Law of the s.a.
Therefore, in its evaluation, worse of the current crisis not yet passou.' ' In its catastrophic forecasts it even sobrou for Brazil: ' ' – And the recovery (of the Brazilian economy) will not only depend on what the country to make, but also on the recovery of the economy the global level. What it means to keep one active monetary politics in function of the rhythm of the economy and the behavior of inflao.' ' Although the opines ' ' contundentes' ' to say the minimum, Roubini is a voice that must be listened to. Part of its fame must it an article published in February of 2008 under the heading ' ' The risk of a sistmico financial melting: the twelve steps for the disaster financeiro' ' , in which it elencava the 12 steps that, under its judgment, the economy would give in direction global to a financial crisis. In greater or less measure, all had been marked. In October of the last year Roubini ' ' revisitou' ' its 12 steps. To follow I reproduce them as its author: ' ' First: this is worse as already it is occurring – to an intense increase of the insolvency in other forms of debt of unsafe consumption: credit cards, personal loan, credit estudantil Room: while it has a serious uncertainty how much to the losses with that monolines insuring of credit goes to ahead arcar of the unreliability of RMBs, CDO and other toxic products ABS Asset Backed Securities, it is now clearly that these bigger losses are muitssimo of what the package of 10-15 rescue billion with that the regulators are trying to patch the situation. Fifth: the market of loan of real the commercial property soon goes to try a similar melting to the one of subprime great risky and reckless part of these used to finance LBOs (Leveraged Buyout) great institutions as the insuring ones of credit, some deep hedge or a great broker of insurances can go to the bankruptcy, leading to still bigger a sistmico risk that of that they had bought insurances of counterparts that cannot pay.