For the financial health of an organization it is important to assess four key indicators: solvency, liquidity, efficiency and profitability. Through the use of accounting information we can make strategic decisions that will enable us to achieve our goals.
Nowadays there are Best Practices to help organizations become more efficient, productive and profitable. While they are the result of experience and studies and might seem the absolute truth, we can not and we should not think of them as a universal diet, because they would abandon what makes unique an organization.
Spain is one of the leading producers and suppliers of food and beverages globally. During 2014, the value of the total sales was 90,000 million euros, with an annual growth of 5.5% compared with the previous year and accounting for 2.7% of the GDP in Spain. In addition, it is anticipated that the sector will continue to develop and it is estimated that for the period 2015 - 2020 the average annual growth rate of the sector will be 4%, with net sales for the year 2020 of 115, 000 million euros.