財(cái)務(wù)報(bào)表分析 英文.ppt

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FINANCIALMANAGEMENTSKILL財(cái)務(wù)管理技能 2015年09月12日 AaronWang 議題 AGENDA 導(dǎo)言及基本概念I(lǐng)ntroductionandBasicConcepts資產(chǎn)負(fù)債表 BalanceSheet損益表 Profit Loss現(xiàn)金流量表 CashFlowStatement基本財(cái)務(wù)比率及報(bào)表評(píng)價(jià) BasicFinancialRatiosandFinancialStatementEvaluation投資評(píng)價(jià)初步BasicInvestmentAppraisal結(jié)束部分 Conclusion IntroductionandBasicConcepts 導(dǎo)言及基本概念I(lǐng)ntroductionandBasicConceptsIntroductionFinanceOrganizationFinanceActivityOthertopics Thistrainingwillallowyoutounderstand FinanceFunctionConceptofFinancialKPIs Revenue DM DL VOH FOH SG A OI OCF EBITDA DOH DSO DPO Incremental etc BS P LandCashFlowStatementsConceptsofFinancialStatementEvaluationandInvestmentAppraisal IntroductionandBasicConcepts MinimizeWorkingCapitalMaintainStrongCashFlow PayDebtsAsTheyAreDueIncreaseLiquidity MaintainStrongFinancialPosition IncreasedReturnOnInvestmentReducedCosts IncreasedSalesIncreasedGrowthRate GenerateIncomeAndProfit CurrentProfitIncreaseCurrentProfitIncreaseIncreaseOfReturnOnInvestmentIncreaseLiquidityMinimizingCapitalExpendituresMeetingTheDay to dayBusinessNeeds VersusVersusVersusVersusWhileWhile CurrentSalesIncreaseSalesGrowthSalesGrowthCurrentProfitIncreaseGrowingTheBusinessReducingCosts Ifwecannotmeasure wecannotimprove IntroductionandBasicConcepts GoaloftheFirm IntroductionandBasicConcepts 導(dǎo)言及基本概念I(lǐng)ntroductionandBasicConceptsIntroductionFinanceOrganizationFinanceActivityOthertopics AVPofFinanceAsiaPacific Regionalcapabilitieswithlocaltalentleadingtoorganizationalcapacityandsignificantsavings IntroductionandBasicConcepts AsiaPacificCorporateFinanceOrganization SZFinOfficialH C 12FLDP 1Fincontroller 1Manager 2Financialanalyst 1Accountant 5CashierandT E 1Statistician 1 IntroductionandBasicConcepts PlantFinanceStructure IntroductionandBasicConcepts 導(dǎo)言及基本概念I(lǐng)ntroductionandBasicConceptsIntroductionFinanceOrganizationFinanceActivityOthertopics IntroductionandBasicConcepts AccountingBooking AP AR GL FA TaxationStatutoryReportingGroupReportingControllingCostingReporting FP A InternalControl SOXandCSA PolicyandProcessOptimization Controlleristheonewhoclosethedoor IntroductionandBasicConcepts BusinessPartnershipVisionStrategyBudgetForecast OthersTreasuryM ARiskManagementInsuranceAuditingComplianceHedging IntroductionandBasicConcepts 導(dǎo)言及基本概念I(lǐng)ntroductionandBasicConceptsIntroductionFinanceOrganizationFinanceActivityOthertopics E g FixedAssets1 Transaction2 F SMonthlyclosingchecklist IntroductionandBasicConcepts FinancialStatementProcess Debitsexpensesassets Creditsrevenueliabilitiesowner sequity StrategicPlan annualprocessFebtoJun 5yearprojectionsforSales CapitalSpendingand3yearprojectionforOperatingProfitProfitPlan annualprocessSepttoDec Byledger completeP LandB Sforecastbymonth IncludesCostofQuality CostSavingsandEconomicsprojectionsRollingForecast doneeachmonth Byledger completeP LandB SforecastbymonthIncludesCostofQuality CostSavingsandEconomicsprojectionsFinalResultsByledger completevariancereportingtoforecast closein3workdays Resultsarereportedbylocation byregion bybusiness bysectorandthentotalcompany IntroductionandBasicConcepts Planning ReportingOverview OperatingResults IncomeStatement OperatingResults IncomeStatement IsolatingFXvs Performance Results 議題 AGENDA 導(dǎo)言及基本概念I(lǐng)ntroductionandBasicConcepts資產(chǎn)負(fù)債表 BalanceSheet損益表 Profit Loss現(xiàn)金流量表 CashFlowStatement基本財(cái)務(wù)比率及報(bào)表評(píng)價(jià) BasicFinancialRatiosandFinancialStatementEvaluation投資評(píng)價(jià)初步BasicInvestmentAppraisal結(jié)束部分 Conclusion 資產(chǎn)負(fù)債表Balancesheet 負(fù)債 資產(chǎn) 負(fù)債 所有者權(quán)益 所有者權(quán)益 資產(chǎn) 舉例 資產(chǎn)負(fù)債表 創(chuàng)立一個(gè)公司 Example BalanceSheet Creationofacompany 貨幣資金 100 所有者權(quán)益 100 資金來(lái)源何處 Wheredoescashcomefrom 資金去向何處 Wheredoescashgo 為我們創(chuàng)立的公司注入資金100 Wecreateacompanybyinjectingcash100 Cash 100 Equity 100 資產(chǎn)負(fù)債表 公司開(kāi)辦 Balancesheet Thecompanystarts 貨幣資金 40 所有者權(quán)益 100 房屋 60 購(gòu)買房屋花去資金60 Wepurchaseabuildingpaidwithcashfor60 Building 60 Cash 40 Equity 100 資產(chǎn)負(fù)債表 持續(xù)經(jīng)營(yíng)Balancesheet Anditgoeson 貨幣資金 40 所有者權(quán)益 100 房屋 60設(shè)備 20 借款融資20來(lái)購(gòu)買設(shè)備 Wepurchaseequipmentsfinancedbycreditfor20 融資借款 20 Building 60Equipments 20 Cash 40 Equity 100 Financialdebts 20 資產(chǎn)負(fù)債表 公司成長(zhǎng) Balancesheet Andthecompanygrows 資金占用USE 200 資金來(lái)源RESOURCES 200 貨幣資金 40 所有者權(quán)益 100 房屋 60設(shè)備 20投資 80 融資貸款80收購(gòu)某個(gè)競(jìng)爭(zhēng)者Weacquireacompetitorfinancedbyaloanfor80 融資借款 Financialdebts 80 20 Building 60Equipments 20Investment 80 Cash 40 Equity 100 資產(chǎn)負(fù)債表 負(fù)債Balancesheet Indebtness 資金占用USE 200 資金來(lái)源RESOURCES 200 貨幣資金 40 所有者權(quán)益 100 固定資產(chǎn)160 融資借款 100 負(fù)債總額 所有者權(quán)益TotalFinancialDebts Equity FixedAssets160 Cash 40 Equity 100 Financialdebts 100 資產(chǎn)負(fù)債表 經(jīng)濟(jì)活動(dòng)的發(fā)展Balancesheet Developmentoftheactivity 貨幣資金Cash 40 所有者權(quán)益Equity 100 固定資產(chǎn)Fixedassets160 融資借款Financialdebts 100 用去40向供應(yīng)商購(gòu)買零件Wepurchasecomponentsfor40fromsuppliers 存貨RM 40 供應(yīng)商Suppliers 40 資產(chǎn)負(fù)債表 經(jīng)濟(jì)活動(dòng)的發(fā)展Balancesheet Developmentoftheactivity 資金Cash 10 30 所有者權(quán)益Equity 100 固定資產(chǎn)Fixedassets160 融資借款Financialdebts 100 履行合同 Weexecutethecontracts FG WIP 50 50 供應(yīng)商Suppliers 40 存貨RM 20 20 為執(zhí)行生產(chǎn)合同 公司需用去價(jià)值20的零件 勞務(wù)及其他支出需花費(fèi)30 勞務(wù)費(fèi)以現(xiàn)金償付 因此現(xiàn)金減少30 Toexecutethecontracts thecompanyneedscomponentsfor20andlabourandotherchargesfor30 Thelabourispaidwithcash Thecashisthusdeterioratedby30 資產(chǎn)負(fù)債表 經(jīng)濟(jì)活動(dòng)的發(fā)展Balancesheet Developmentoftheactivity 資金占用USE 260 資金來(lái)源RESOURCES 260 資金Cash 10 所有者權(quán)益Equity 100 固定資產(chǎn)Fixedassets160 融資借款Financialdebts 100 然后我們開(kāi)發(fā)票給客戶并購(gòu)進(jìn)新的零部件50成本的產(chǎn)品賣了70元 應(yīng)收帳款Receivable 70 70 供應(yīng)商Suppliers 40 存貨RM 20 公司已向客戶開(kāi)出金額為70的發(fā)票 他們將在90天內(nèi)付款 相應(yīng)的在產(chǎn)品已經(jīng)減少了50 因此凈收益為20 凈收益NetInc 20 20 WIP FG 0 50 資產(chǎn)負(fù)債表 經(jīng)濟(jì)活動(dòng)的發(fā)展Balancesheet Developmentoftheactivity 資金占用USE 300 資金來(lái)源RESOURCES 300 資金Cash 10 所有者權(quán)益Equity 100 固定資產(chǎn)Fixedassets160 融資借款Financialdebts 100 然后我們購(gòu)進(jìn)新的零部件40元 應(yīng)收帳款Receivable 70 70 供應(yīng)商Suppliers 80 40 存貨Inventory 60 40 凈收益NetInc 20 20 資金Cash 10 所有者權(quán)益Equity 100 固定資產(chǎn)Fixedassets160 融資借款Financialdebts 100 麻煩開(kāi)始了 某些供應(yīng)商想立刻收到40的付款 我們可以怎么做呢 Troublesbegin Somesupplierswanttobepaidfor40immediately Whatcanwedo 應(yīng)收帳款Receivable 70 供應(yīng)商Suppliers 80 存貨Inventory 60 凈收益Netincome 20 資產(chǎn)負(fù)債表 經(jīng)濟(jì)活動(dòng)的發(fā)展Balancesheet Developmentoftheactivity 可以給我們你的建議嗎 GIVEUSYOURSUGGESTIONS 資產(chǎn)負(fù)債表 財(cái)務(wù)解決方案Balancesheet Whatarethefinancialsolutions 變賣固定資產(chǎn)Tosellfixedassets 增加資本Toincreasecapital 取得新貸款Toobtainanewloan 資金Cash 10 所有者權(quán)益Equity 100 固定資產(chǎn)Fixedassets160 融資借款Financialdebts 100 應(yīng)收帳款Receivable 70 供應(yīng)商Suppliers 80 存貨Inventory 60 凈收益Netincome 20 資產(chǎn)負(fù)債表 操作方案如何 BalanceSheet Whataretheoperationalsolutions 資金Cash 10 所有者權(quán)益Equity 100 固定資產(chǎn)Fixedassets160 融資借款Financialdebts 100 應(yīng)收帳款Receivable 70 供應(yīng)商Suppliers 80 存貨Inventory 60 凈收益Netincome 20 限制存貨 Tolimitinventory 與客戶協(xié)商提前收回貨款Tonegociateadvancedpaymentswithcustomers 與供應(yīng)商協(xié)商新的付款計(jì)劃Tonegociateanewpaymentplanwithsuppliers BalanceSheet InventoryDOHGrossInventoryvs ForecastAmountReceivablesDSOPastDuebyBucket Current 1 30 30 60 etc CollectionEfficiencyGrossReceivablesvs ForecastAmountPayablesDPOGrossPayablesvs ForecastAmountCapitalSpendingActualSpendingvs Forecast Variancesanalysisandcommentaryrequiredateachmonth endandrollingforecast Warning Don tfallinlovewithDSO wecantrytomanipulateDSOtomakeithigherorlowerbyincreasingordecreasingtheamountindifferentbrackets DOH DaysonHandInventory DOH isacalculationtodeterminetheamountoftimethatisrequiredtoconvertinventoryintosales WhatcanyoudotoimproveDOH ReducemachinedowntimeReducescrapReduceset uptimeImproveschedulingImproveplantlayoutImprovethroughputtime DSO DaysSalesOutstanding DSO isameasurementofhowmuchtimeittakestoconvertsalesdollarstocash DependingonthepaymenttermsforourcustomersDSOmayvarysignificantlyfromcustomertocustomerandmonthtomonth WhatcanyoutoimproveDSO ImproveOrderEntryprocessReducebillingerrorsReducequantityrelatederrorsEnsuresalesorderiscorrectPromptFollow upwithcustomers WhyareDOH DSOImportant Botharelargecomponentsofcashflow Inordertocreateanincreaseorpositivecashflowyoumustreduceboth Byturningoverinventoryandreceivablesfasterwereceiveoursalesdollarsfaster andthereforeborrowlessmoneyandpaylessinterest OnedollarinvestedinInventoryorReceivablesisthesameasonedollarinvestedinequipmentandassuchShareholdersdemandthesamereturnonitastheydotheequipment DPO Dayspayableoutstanding DPO issimilartoAccountsReceivable DSO MeasureofeffectivenessofaccountspayableandothercurrentliabilitiesCanbeusedtopartiallybalancecashrequirementstofundaccountsreceivableCashFlowImpactHigher SourceofcashLower UseofcashWhatcanyoudotoimproveDPO Extendthelengthofpaymenttermstothevendor Weneedtobeasaggressivewithourvendorsasourcustomersarewithus Operation DO S 在產(chǎn)品與庫(kù)存商品 WIP INVENTORIES項(xiàng)目計(jì)劃沒(méi)有考慮到付款標(biāo)識(shí)段Projectplanningdoesnottakeintoconsiderationpaymentmilestones沒(méi)有與項(xiàng)目有關(guān)的現(xiàn)金曲線圖 Nocashcurveonprojects不能優(yōu)化生產(chǎn)循環(huán)或項(xiàng)目循環(huán) Non optimizationoftheproductionorprojectcycle依據(jù)產(chǎn)品結(jié)構(gòu)進(jìn)行生產(chǎn)管理及項(xiàng)目管理 而非依據(jù)產(chǎn)品需求的驅(qū)動(dòng)Production projectmanagedaccordingtoacomponentproductionlogicasopposedtoademand drivenlogic制造或者購(gòu)買 購(gòu)買配件而不是功能Makeorbuy purchaseofcomponentsinsteadoffunctions生產(chǎn)改造沒(méi)有考慮到現(xiàn)有的存貨 在產(chǎn)品 及已有的訂單Productionmodificationwithouttakingintoaccountexistinginventories in processgoods andpurchaseordersalreadyissued Operation DON TS 應(yīng)付項(xiàng)目 PAYABLES采購(gòu) 物流 存貨管理間缺乏協(xié)調(diào) Lackofco ordinationbetweenpurchasing logistics inventoriesmanagement供應(yīng)商單方面采取提前交貨的方式促使我們提早付款 Earlypaymenttriggeredbyadvancedeliveryatsoleinitiativeofsupplier提早付款是由收到發(fā)票引起的 而不是按照約定的購(gòu)貨條件交貨引起的 Earlypaymenttriggeredbyreceiptofinvoiceandnotbydeliveryasstipulatedinpurchaseconditions供應(yīng)商延期交貨 并且未按程序事先提醒負(fù)責(zé)談判的采購(gòu)員 Deliverylatewithoutsystematicallyalertingbuyerinchargeofnegotiation公認(rèn)的購(gòu)貨條件沒(méi)有得到應(yīng)用 Non applicationofgeneralpurchasingconditions采購(gòu)部門僅僅以價(jià)格為判斷依據(jù) 而沒(méi)有考慮到付款條件和條款 Purchasingdepartmentjudgedsolelyonpricesobtained withouttakingintoaccounttermsandconditionsofpayment Operation DON TS 議題 AGENDA 導(dǎo)言及基本概念I(lǐng)ntroductionandBasicConcepts資產(chǎn)負(fù)債表 BalanceSheet損益表 Profit Loss現(xiàn)金流量表 CashFlowStatement基本財(cái)務(wù)比率及報(bào)表評(píng)價(jià) BasicFinancialRatiosandFinancialStatementevaluation投資評(píng)價(jià)初步BasicInvestmentAppraisal結(jié)束部分 Conclusion Introduction STDcoststructure StandardShinkageRate FGStandardCost Introduction STDcostrate Workcentercostratemeanshowmuchcostsneededwhenoccupytheworkcenterforonehour CNY hour StandardcostrateshouldincludingtheimpactofOEE OverallEquipmentEffectiveness CoverisionCost StandardCostRate CNY Hour CycleTimer RoutineHour EstimatedTotalExpenditure CNY Est totalworkinghrs withOEE Introduction STDcostcomponents Introduction STDcostcomponents 幾個(gè)成本名詞 FixedOHD固定制造費(fèi)用VariableOHD變動(dòng)制造費(fèi)用ReplacementCost重置成本OpportunityCost機(jī)會(huì)成本SunkCost沉沒(méi)成本 損益表 主要原理 Profit Loss MainPrinciples 銷售收入SALES 邊際貢獻(xiàn)StandardContributionMargin 標(biāo)準(zhǔn)銷售毛利StandardGrossMargin SGM 銷售毛利GrossMargin 變動(dòng)成本 固定成本 OperatingIncome SG A管理費(fèi)用 損益表 主要原理 Profit Loss MainPrinciples 營(yíng)業(yè)利潤(rùn)OPERATINGINCOME 凈收益NETINCOME 財(cái)務(wù)收入及費(fèi)用Finanialinc exp 所得稅及遞延稅金Incomes Deferredtax 營(yíng)業(yè)外項(xiàng)目Expectional 損益表 主要原理 Profit Loss MainPrinciples 銷售毛利GrossMargin 固定制造費(fèi)用及差異FOHD Var 注意 關(guān)鍵業(yè)績(jī)指標(biāo)KPIGrossMargin GM 損益表 主要原理 Profit Loss MainPrinciples 營(yíng)業(yè)收益 OI 固定制造費(fèi)用及差異FOHD Var 管理費(fèi)用SGA 管理費(fèi)用包含以下內(nèi)容SGA IncludingbelowcontentAdministrationSalesandDistributionR D Technical 損益表 主要原理 Profit Loss MainPrinciples 營(yíng)業(yè)利潤(rùn) OperatingIncome工廠的主要業(yè)績(jī)指標(biāo)之一OneofthemajorKPIatplantlevel 注意 關(guān)鍵業(yè)績(jī)指標(biāo)KPI OI 營(yíng)業(yè)收益 OI 固定制造費(fèi)用及差異FOHD Var 管理費(fèi)用SGA 損益表 主要原理 Profit Loss MainPrinciples 息稅前利潤(rùn) EBITDA OperatingIncome DepreciationEarningBeforeInterest TaxandDepreciation工廠的主要業(yè)績(jī)指標(biāo)之一OneofthemajorKPIatplantlevel 注意 關(guān)鍵業(yè)績(jī)指標(biāo)KPIEBITDA EBITDA 營(yíng)業(yè)收益 OI 固定制造費(fèi)用及差異FOHD Var 管理費(fèi)用SGA 損益表 主要原理 Profit Loss MainPrinciples 財(cái)務(wù)收入及財(cái)務(wù)費(fèi)用包括與以下情況相關(guān)的所有成本及收入 Financialincomesandexpensesincludeallcostsandrevenueslinkedto 財(cái)務(wù)利息費(fèi)用及收入 financialinterestsandrevenues匯兌損益 exchangedifferences收到的股息 dividendsreceived等等 etc注意 財(cái)務(wù)費(fèi)用應(yīng)該被包括在投標(biāo)中Warning financialcostsshouldbeincludedintenders 所得稅及遞延稅款包括所有的稅負(fù) 當(dāng)期和遞延IncomeandDeferredtaxesincludealltaxes currentanddeferred 營(yíng)業(yè)外項(xiàng)目不是經(jīng)常發(fā)生的 除了非常事件并在得到管理部門批準(zhǔn)認(rèn)可之后的項(xiàng)目外Exceptionalitemsisnottobeused exceptforextraordinaryeventsandafteragreementoftheDivision 損益表 主要原理 Profit Loss MainPrinciples 凈收益在損益表中的最后一行反映NetincomeisthefinallineoftheProfit Loss其金額為資產(chǎn)負(fù)債表的所有者權(quán)益部分ThisamountisreportedintheEquityintheBalancesheet 凈收益Netincome 財(cái)務(wù)收入及財(cái)務(wù)費(fèi)用FinancialIncomes Expenses 所得稅及遞延稅金Incomes Deferredtax 營(yíng)業(yè)外項(xiàng)目ExceptionalItems 損益表 主要原理 Profit Loss MainPrinciples Incremental Incrementalisacalculationthatdeterminesthebreakevensalespointforagivenplant aswellasthecorrespondingfixedandvariablecostcomponentsatthatlevel Fromtherewecandeterminetheamountofvariableandfixedcostsasapercentageofthetotalcostsatthatlevel Anincrementalrateisthendeterminedwhichcanbeusedasagaugeofhowwellaplantcontrolstheirfixedcostsatdifferentsaleslevels 增量 邊際 IncrementalRate 盈虧平衡點(diǎn)之上每增加一個(gè)銷售額 營(yíng)業(yè)利潤(rùn)所增加的數(shù)量 也即盈虧平衡點(diǎn)固定成本占總成本的比例 Incremental Setsanexpectationforoperatingprofitcomparedtoprofitplan prioryear priorforecast etc basedonchangesinthesalesplan forecast Plantisthenheldaccountabletodeliveringthisexpectation Ittakesoutsuchbusinessandeconomicfactorsassellingpricechangesandforeignexchangetranslationwhicharenotcontrollablebythemanagementoftheoperation Whyuseincremental IncrementalCalculation VolumeChangexIncrementalRate additionalcontributiontooperatingprofitthatisexpected Addorsubtractsellingpricechangesandexchangetranslationtodeterminethetotalexpectedoperatingprofitfortheperiod Comparetheexpectedprofittotheactualprofittodetermineiftheoperationisoverorunderincremental Incremental Example PlantXdeterminesthattheirbreakevensaleslevelis 50Minsalesdollarsperyear Atthatsaleslevelfixedcostsare40 andvariableare60 ofthetotalcostfortheplant Fromthisinformationweshouldthenexpectthatforeveryadditionalsalesdollaroverthebreakevenpoint theplantshouldhave 40inadditionaloperatingprofit Why Becauseifthefixedcostsarecoveredandvariablecostsare60 thentheremainderor40 shouldbeshowninadditionalprofit Incremental Example BasedonthepreviousinformationweknowthatPlantX sIncrementalrateis40 PlantXhadsellingpricechangedecreasesfortheperiodof 50Kandexchangetranslationeffectwas 30Kfavorablecomparedtoforecast PlantXhadincreasedvolumefortheperiodforatotalof 500Kfromtheforecast ActualOperatingProfitfortheperiodwasupby 100Kfromtheforecast HowmuchisPlantXover underincremental Incremental Example VolumeChangexIncrementalRate 500KX40 200KfavorableSubtractSellingPriceChanges 200K 50K 150KAddTranslationChanges 150K 30K 180K ExpectedProfit ActualProfitChange ExpectedProfitChange 100K 180K 80KUnderincremental Practice CalculatingIncrementalPerformance SalesChange favorable 1 615ktoplanFXTranslationfavorable 345kSellingpricechangesunfavorable 100kProfitChange favorable 380ktoplanFXTranslationimpactonprofitfavorable 55kIncrementalrateforthisbusinessis35 Pleasecalculatehowthebusinessdidcomparedtoitsexpectedincrementalperformance Practice Answer VolumeChange 1615 345 100 1370IncrementalRate x0 35IncrementalExpectation 479 5ProfitResults 380FXTranslation 55ActualPerformanceResult 325UnderIncremental 325 479 5 154 5 議題 AGENDA 導(dǎo)言及基本概念I(lǐng)ntroductionandBasicConcepts資產(chǎn)負(fù)債表 BalanceSheet損益表 Profit Loss現(xiàn)金流量表 CashFlowStatement基本財(cái)務(wù)比率及報(bào)表評(píng)價(jià) BasicFinancialRatiosandFinancialStatementEvaluation投資評(píng)價(jià)初步BasicInvestmentAppraisal結(jié)束部分 Conclusion 經(jīng)營(yíng)現(xiàn)金凈流量 經(jīng)營(yíng)現(xiàn)金凈流量是指企業(yè)經(jīng)營(yíng)活動(dòng)所產(chǎn)生的現(xiàn)金及現(xiàn)金等價(jià)物流入量與流出量的差額OPERATINGCASHFLOWistheoperationalportionofNETCASHFLOW 現(xiàn)金凈流量NETCASHFLOW 經(jīng)營(yíng)現(xiàn)金凈流量OPERATINGCASHFLOW 增資 減資Financing投資結(jié)果 Investing 管理層的職責(zé)ResponsibilityofManagement 注意 關(guān)鍵業(yè)績(jī)指標(biāo)KPI 經(jīng)營(yíng)性現(xiàn)金流量 Practice PreparethecashflowfromoperationssectionofBeson sstatementofcashflowsunderthedirectmethod perU S GAAP fortheyearendedDecember31 Year2 ThefollowinginformationpertainstothefinancialstatementsofBesonCorporationfortheyearendedDecember31 Year2andDecember31 Year1 經(jīng)營(yíng)性現(xiàn)金流量 Practice AdditionalInformation Besonreceivedinterestonitsbondinvestmentsof 1 700anddividendsfromitsequityinvestmentsof 1 600 Besonissuedadditionalsharesofstock generating 50 400inproceeds Dividendsof 10 600werepaidonthecompany soutstandingstock OnDecember30 thecompanyissuedanewbondatparvaluefor 30 000 Allinterestexpenserecordedontheincomestatementwaspaidwithcash BesonpaidincometaxesinYear2equivalenttoitsoutstandingliabilityattheendofYear1 SG AExpensesarecomprisedof 460 400ofsalariesandwageexpenseand 45 600inadministrativeexpenses Thecompany attheendoftheyear purchasedWrightStockfor 10 200andclassifiedtheinvestmentasatradingsecurity reportedasacurrentasset Twomonthsofprepaidrent 24 500permonth forafactorywerepaidattheendofDecember withoccupancyscheduledtobeginonJanuary1 經(jīng)營(yíng)性現(xiàn)金流量 Answer Cashreceivedfromcustomers 1 950 000 48 700 44 000 28 200 22 000 1 939 100Cashpaidtosuppliers 1 295 000 220 000 198 300 96 900 82 800 1 302 600Cashpaidtoemployees 460 400 12 500 11 300 459 200Otheroperatingcashpaid 45 600 49 000 94 600 BesonCorp StatementofCashFlows DirectMethodFortheYearEndedDecember31 Year2 議題 AGENDA 導(dǎo)言及基本概念I(lǐng)ntroductionandBasicConcepts資產(chǎn)負(fù)債表 BalanceSheet損益表 Profit Loss現(xiàn)金流量表 CashFlowStatement基本財(cái)務(wù)比率及報(bào)表評(píng)價(jià) BasicFinancialRatiosandFinancialStatementEvaluation投資評(píng)價(jià)初步BasicInvestmentAppraisal結(jié)束部分 Conclusion CategoriesofFinancialRatios DefinitionofCommonlyUsedActivityRatios DefinitionofCommonlyUsedLiquidityRatios DefinitionofCommonlyUsedSolvencyRatios DefinitionofCommonlyUsedProfitabilityRatios DefinitionofSelectedValuationRatiosandRelatedQuantities DuPontAnalysisofROE 議題 AGENDA 導(dǎo)言及基本概念I(lǐng)ntroductionandBasicConcepts資產(chǎn)負(fù)債表 BalanceSheet損益表 Profit Loss現(xiàn)金流量表 CashFlowStatement資本占用回報(bào)率 R O C E 的概念 ROCEconcept基本財(cái)務(wù)比率及報(bào)表評(píng)價(jià) BasicFinancialRatiosandFinancialStatementEvaluation投資評(píng)價(jià)初步BasicInvestmentAppraisal結(jié)束部分 Conclusion InvestmentAppraisal Option1 ContinuingusetheoldforkliftNeedtospendimmediately25KtoreplacethejoystickandbatteryYearlymaintenancecostinthefollowing5years 35K YearScrapvalue 5yearslater 15K Option2 BuyanewForkliftScrapvalueofthecurrentoldforklift 55KrmbPurchasingprice 200KrmbYearlymaintenancecostinthefollowing5years 10K YearScrapvalue 5yearslater 55K InvestmentAppraisal Cashvalue 現(xiàn)金價(jià)值Whatisthevalueof100rmbinthefollowing1year 2yearsand nyears Interestrate5 peryear IfIget100RMBinoneyearlater twoyear Threeyear nyearlater whatisthepresentvalueofthe100rmb Interestrate5 peryear InvestmentAppraisal BasicConceptsNPV NetPresentValue DiscountFactorROI ReturnOnInvestment PaybackperiodIRR InternalRateofReturn 年金現(xiàn)值年金終值 InvestmentAppraisal Option1 ContinuingusetheoldforkliftNeedtospendimmediately25KtoreplacethejoystickandbatteryYearlymaintenancecostinthefollowing5years 35K YearScrapvalue 5yearslater 15K InvestmentAppraisal Option1 ContinuingusetheoldforkliftNeedtospendimmediately25KtoreplacethejoystickandbatteryYearlymaintenancecostinthefollowing5years 35K YearScrapvalue 5yearslater 15K InvestmentAppraisal Option2 BuyanewForkliftScrapvalueofthecurrentoldforklift 55KrmbPurchasingprice 200KrmbYearlymaintenancecostinthefollowing5years 10K YearScrapvalue 5yearslater 55K InvestmentAppraisal Option2 BuyanewForkliftScrapvalueofthecurrentoldforklift 55KrmbPurchasingprice 200KrmbYearlymaintenancecostinthefollowing5years 10K YearScrapvalue 5yearslater 55K InvestmentAppraisal NowwhatisyouranswerAndwhatifthenewonecoulduse6years 議題 AGENDA 導(dǎo)言及基本概念I(lǐng)ntroductionandBasicConcepts資產(chǎn)負(fù)債表 BalanceSheet損益表 Profit Loss現(xiàn)金流量表 CashFlowStatement資本占用回報(bào)率 R O C E 的概念 ROCEconcept基本財(cái)務(wù)比率及報(bào)表評(píng)價(jià) BasicFinancialRatiosandFinancialStatementEvaluation投資評(píng)價(jià)初步BasicInvestmentAppraisal結(jié)束部分 Conclusion DiscussionQuestions1to6 Howcananorganizationloweritsbreak evenpoint YourgeneralmanagertasksyouwithaprojecttoreduceDSOby5days Describethestepsyouwouldtaketostudytheproblemandthenidentifypossibleactionsthatyouwouldrecommendtotheorganization Yourplantjustexperiencedalargephysicalinventoryloss Whatstepswouldyourecommendtheorganizationtaketoaddressthisissueandimproveinventorycontrolandreporting Whatcancauseorleadtoashrink Whatotherfunctionswouldyouinvolveinthisprocessimprovementeffort Ifyouwereaskedtoidentifyopportunitiestoimprovestandardmargins whattypesofthingswouldyouanalyze Howcanacompanygrowitsrevenues Describehowaplantdeterminesthestandardcostforanexistingpartnumber AnswerforQuestion1 Break evenPoint TotalFixedCost SellingPriceperunitofproduction VariableCostsperunitofproduction Lowertotalfixedcost cutinessentialsalariedpositions cutunimportantcapitalspending controlotherfixedcostsliketravel entertainment unnecessarywelfareetc andcloseassemblyplantsthatarenotfullyutilizedLowervariablecost obtaincomponentsatareducedcost improvelaborefficiencyandmaterialusagesavingIncreasesellingprice redesignproductstoprovideuniquefeaturesandtheadditionalrevenueisgreaterthanthevariablecostsrequiredtoaddthosefeaturesImprovingthesalesmixbysellingagreaterproportionoftheproductshavinglargercontributionmargins AnswerforQuestion2 Stepstaketostudytheproblem Focusonmajorcustomersbylookingatsa