The objective of this study is to verify the influence of budgetary participation on the reduction of information asymmetry in the budget process in a multinational company, having taken for granted that the participatory budget minimizes information asymmetry. Therefore, descriptive research was carried out, in the form of a case study and qualitative type, through interviews and direct observation. The study was applied in a business unit of a multinational company that has the consolidated budget practice. The results of the research show that the company has a participatory budget, for all sectors and managers are directly involved in its preparation. Moreover, several meetings are held to discuss and define the budget targets. However, in this study this condition did not minimize information asymmetry, as most responses focused on a single item, indicating that the sub-manager/subordinate has more information than his superior.

No abstract

No abstract

No abstract

RESUMODiversas são as formas de gerenciar a informação contábil, mediante escolhas contábeis, decisões operacionais, formas essas que envolvem um dos ativos mais importantes da empresa, o caixa. Assim, este artigo possui como objetivo geral demonstrar a influência do fluxo de caixa operacional na identificação do gerenciamento de resultados em empresas do segmento da construção civil registradas na Bolsa de Valores, Mercadorias e Futuros -BM&FBovespa. A pesquisa é caracterizada quanto aos objetivos como descritiva, no que se refere aos procedimentos, documental e quanto à abordagem, de natureza quantitativa, sendo baseada em uma amostra composta ABSTRACTAccounting information management is often carried out in various ways in accordance with choices and operational decision-making which involve one of the company's most important assets, that is, the cash. This work is, therefore, intended to depict how the operational cash flow influence plays an important role to identify and manage the earnings of the civil construction companies members of the BM&Bovespa -Stock Exchange, Commodities and