Los impagos de pensiones y los flujos de caja negativo del Colegio Atenas de la ciudad de Ambato

Abstract

The object of this research is the liquidity crisis at Unidad Educativa Atenas in Ambato due to an inappropriate monitoring system of the process of collecting past-due-tuition payments, which has a negative impact on both the Projected Cash Flow and the results of the Financial Year. This research studies Tuition-Payment Delinquency and Negative Cash Flow. Our study reveals some parents' lack of commitment to meet their financial obligations to the school; which - among other situations- compromises revenues and the school's ability to perform. Also, the analysis of the school's financial statements -in connection with the decisions that are taken on a daily basis- reveals pervasive negative cash flows for the last three years and the fact that operating expenses are higher than revenues. Given the absence of management policies to recover Unidad Educativa Atenas’s past due portfolio, such a problem can be solved by an Account Monitoring Component that prevents delinquency and defaults.