论文标题:价值链分析在财务分析中的应用研究
Research on the Application of Value Chain Analysis in Financial Analysis
论文作者
论文导师 赵新娥,论文学位 硕士,论文专业 会计学
论文单位 武汉理工大学,点击次数 881,论文页数 53页File Size2524K
2006-10-11论文网 http://www.lw23.com/lunwen_269157/
value chain; financial analysis;research
随着我国加入世界贸易组织以及经济全球化趋势的进一步加剧，我国企业必将融入世界经济大家庭中，如何增强自身的竞争能力，如何取得全球竞争的胜利，是每一个企业必然面对的严峻课题。在市场经济条件下，企业管理将以财务管理作为中心，进行财务分析是加强企业财务管理、提高经济效益的有力措施。 财务分析的目的，在于评价企业的经营状况和财务状况，检验企业财务目标的执行，找出财务运行中存在的问题和产生的原因，为以后的财务预测、决策和控制提供有用的信息。 现行的一些财务分析方法，在进行财务分析的时候，通常只能够发现企业财务管理中存在的问题，而不能够提供解决问题的方法；只能对企业的财务状况作出评价，但不能够改善企业的状况。例如，某企业资产收益率低，通过分析知道资产周转率低的原因是存货过高，再进一步分析知道存货过高主要是产品积压。但对于如何处理积压产品，财务分析不能够回答。因此，在财务分析的过程中，我们不难发现，企业在财务分析中存在一定的局限性。 传统的成本概念限制了财务分析的发展和实践的应用，迫切需要作出突破，价值链理论为财务分析带来了全新的气息。与一般的财务分析只是纯粹反映企业的财务不同，本文主要采用实证分析和综合对比相结合的研究方法，引用运筹学及供应链建模等学科的相关内容，同时参考国内外一些成熟的财务分析理论，尝试结合价值链理论的相关内容，结合实际情况，仔细分析企业价值链的构成，从价值链的纵向、横向、内部三个环节入手，构建价值链导向下的企业财务分析模式。 在应用研究部分，本文结合实际案例，考察分析企业的财务指标，对企业的财务进行探讨，展示了价值链导向下的企业财务分析模式的实际应用。在本文的最后部分，对该模式做了简单的评价，指出了它与现行的一些财务分析方法不同之处，同时也阐述了这一模式的不足之处。 总的说来，将价值链分析融入到企业财务分析中，能较好地显示和反映企业所存在的财务风险，能够清晰显示企业在经营过程中需要改进的地方，相信其能在企业财务分析起到一定作用，改善企业的现状，从而克服一般财务分析的局限性。
With Chinese accession to the World Trade Organization and the further exacerbate trend of economic globalization, Chinese enterprises will integrate into the world economy. How to enhance their own competitiveness and how to secure victory in the global competition, is the grim task that every enterprise is bound to face. In a market economy, financial management will be the center of business management.Financial analysis is the effective measures to strengthen financial management of enterprises and to improve economic efficiency. Financial analysis is used to evaluate the operations and financial position, to test the implementation of financial goals and to identify existing problems and the causes, and then provides useful information for the financial projections, decision-making and control in the future.Some existing methods of financial analysis usually can find the existed problem, but cannot to provide solutions to the problems identified; can evaluate the financial situation of enterprises, but cannot to improve the situation. For example, a low rate of return on capital, through anglicizing, we know the reasons is that the inventory turnover is too high, further anglicizing, we know high inventory causes the product backlog. However, on the question of how to deal with the backlog products, financial analysis cannot answer. Therefore, in the financial analysis process, we can easily find that the financial analysis has some limitations.The traditional concept of cost limits the development and the implementation of financial analysis. It needs to make a breakthrough. Value chain brings a new flavor to the financial analysis. This thesis is different from the general financial analysis. It combines of empirical analysis and comparative research methods, invokes the relevant disciplines, such as supply-chain modeling, and takes into account some of the mature domestic financial analysis theory. It tries to combine the relevant content of value chain theory and takes into account of the actual conditions to analysis the constitution of the enterprise"s value chain. This thesis builds the financial analysis model with the guide of the vertical, horizontal, internal three links of the value chain.In the empirical studies, this thesis combines practical case to analyze the financial indicators, to discuss the finance and to demonstrate the practical
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