Companies are constantly faced with different situations that directly affect their operations, taking into account these considerations, macroeconomic variables that affect countries undergoing monetary reconversion, exchange rate parity and salary increases, among other factors.
Such is the case of Venezuela, this reality of the country has intensified the devaluation of the national currency, which translates into an increase in the prices of goods and services, causing a high inflationary level, which is caused by the low national production and therefore the shortage of goods and products..
In reference to inflation, it should be understood that it is a phenomenon that directly affects the economic part of a country, since it is produced continuously, altering the prices of both goods and services, in this way, it should be taken into account that every entity requires an accounting management that allows it to successfully advance in its financial objectives.
Therefore, the management balance sheet is of utmost importance within the administrative activities, since it allows to organize and control the operations of the accounting process, as well as to reduce the inflationary risk factors to which it is exposed, allowing the preparation of different management plans to facilitate the use of decision making.