财务分析论文（Financial analysis paper）
The role of financial analysis in financial management
Author: Wang Yongcheng article source: paper net relea time: 2010-1-21
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美国派4 美国重逢The role of financial analysis in financial management
Abstract: as a prerequisite for prediction, financial analysis is also a summary of past business activities. The financial analysis as the management papers "target=" _blank ">" financial management "an important means, with it can understand the enterpri's financial situation and business results, can provide decision-making basis for the leadership. The study of enterpri financial analysis has important practical significance. The existing problems of enterpri financial analysis are discusd and corresponding countermeasures are put forward.
Keywords: financial analysis, financial management, method, function
relieved什么意思麟角凤嘴>darling什么意思Financial analysis is the financial index to reflect the enterpri financial report as the main basis for th
e evaluation and analysis of enterpri financial situation and operating results, to reflect the business situation and development advantages and disadvantages in the process of operation of financial trends, provide important financial information for enterpris to improve financial management
and optimize the economic decisions. Financial management is an important part of internal management, and financial analysis in enterpri financial management plays a decisive role, strengthening financial management, financial analysis, financial analysis, is of great significance for improving the level of enterpri financial management.
peter feverFirst, the content of financial analysis.goacross
exportedThe content of financial analysis is mainly divided into external analysis content and internal analysis content according to the different urs of information, and another topic analysis content can be t up. Specifically, the financial analysis of enterpris: financial analysis is bad on the company's financial statements and other accounting information as the basis for specialized accounting techniques and methods ud, analysis of the financial activities of the enterpri risk and operating conditions. It is an important part of enterpri production, management and management activities, as long as the contents include the following parts:
(1) the analysis of the financial situation shows that the financial situation of the enterpri is the result of production and management reflected by the funds.
The asts, liabilities and owner's equity of an enterpri reflect the scale of production, the turnover of funds and the stability of the enterpri in different ways. Analysis of the financial situation of enterpris, including analysis of their capital structure, the efficiency of the u of funds and
the efficiency of the u of asts. The analysis of the efficiency of capital u and the efficiency of asts utilization constitutes the analysis of the operation ability of the enterpri, and it is the key point of the analysis of the financial status. Common indicators: turnover of current asts, inventory turnover, turnover ratio of enterpri accounts receivable, etc..
(2) profitability analysis, the profitability of enterpris is the direct purpo and motive power of enterpri capital movement, generally refers to the ability of enterpris to obtain profits from sales revenue.
Profitability reflects the performance of the enterpri's performance, so the managers, investors and creditors of enterpris are very concerned about and concerned about. Profitability analysis indicators: main business profit margins, operating margins, gross sales margin, net sales interest ra
te, etc..
公主日记2片尾曲inspiration(3) solvency analysis, solvency refers to the ability of the borrower to repay the debt, which can be divided into long-term solvency and short-term solvency.
Long term solvency means the degree of reliability of an enterpri that guarantees a maturity of one year or more over a year. Its indicators include fixed expenditure protection multiples, interest protection multiples, full capitalization ratios and debt to EBITDA ratios. Short term solvency means the ability of an enterpri to pay its maturity within a business cycle of one year or more than one year. The indicators include
cash ratio, working capital, quick rate, current ratio, etc..
(4) cash flow analysis.
Cash flow analysis is the financial evaluation of the solvency, profitability and financial needs of the company through the analysis of cash flow ratio. Commonly ud indicators are sales cash ratio, cash debt ratio, cash reinvestment ratio and cash satisfaction, internal demand rate, etc..
(5) analysis of return on investment.
Return on investment is the return of an enterpri after it has invested capital. The commonly ud indicators of capital return include capital return, return on equity, return on total asts and return on equity.
(6) analysis of growth capability.
The growth of enterpris is the potential of enterpris to expand and accumulate through their own production and management activities, which is the most concern of investors when they buy stocks and invest for a long time. The commonly ud indexes of growth capability analysis include profit growth rate, sales growth rate, cash growth rate, net ast growth rate and dividend growth rate, etc..denmark什么意思
Two, the role of financial analysis in enterpri financial management.
(1) financial analysis is an important basis for evaluating
business performance and financial status,
Can understand the company's cash flow status, operating capacity, profitability, solvency, operating performance and financial condition of the operator to objective asssment of managers and relate
d personnel, through the analysis and comparison of micro factors may affect the operating results and financial condition and macro factors, subjective factors and objective factors distinguish draw lines of responsibility, objective evaluation of the performance of operators, promote the business management level improve. According to the analysis of the financial situation, enterpris can supervi the implementation of the national policy, policies, decrees, regulations and taxes, profits and the completion of the turn over. In recent years China's reform, the government management of the enterpri has changed from micro management to macro regulation, therefore, effective and objective analysis of financial data for the relevant departments of the state economic policy macroeconomic situation and the judgment is important.
(2) financial analysis is to provide the correct information for creditors and investors to implement decision making tool of enterpri investors through financial analysis, understand the enterpri profit and solvency, predict the risk of investment and income level, so as to make the right decisions [4]. In recent years, the momentum of the transformation and development of planned economy to the market economy has gradually become apparent. As the main part of enterpri investment, it has gradually diversified, and the creditor has not only been confined to the national bank. In this ca, all
