A gestão da tesouraria: natureza e origens dos problemas de gestão de tesouraria - caso Correios de Moçambique, E.P

Abstract

The present work aims to identify and analyze the nature and origins of treasury management problems, trying to contrast them with the practical reality, through the case study of the company Correios de Mozambique, e.p., and to propose solutions to these problems. To carry out the work, the hypothetical-deductive research method was used and the types of research carried out were bibliographic, explanatory, documental and case study research. The research methods used were simple observation and informal interview. The results of the study show that treasury management problems can be structural and cyclical in nature. The origins of the problems of a structural nature are linked to the financial strategy adopted by the company, as well as the lack of management control. In turn, the origins of the problems of a cyclical nature are related to the dynamism of the need for working capital and the temporary allocation of surplus cash. The company Correios de Mozambique, e.p. faces both structural and cyclical treasury problems. The first is caused by the company's poor profitability, inconsistency in organization and control, and inadequate management policies. The second is caused by the dynamism of the need for working capital and the improper treatment of accounts and their necessary adjustment in due course. The solutions to problems of a structural nature involve making the net operating assets profitable, constantly reviewing, reorganizing and controlling the accounts. Solutions to problems of a cyclical nature can be solved through the following points: greater rigor in the classification and constant review of accounts, control, revision, adjustments and corrections (if necessary) of the balance sheets, on a monthly basis, in case errors are detected, control strict management, greater flexibility in the adoption of corrective measures and a good negotiating capacity with a view to increasing financial resources