财务管理基础 financial management 清华大学出版社ppt7

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1、Chapter7FundAnalysis,Cash-FlowAnalysis,andFinancialPlanningExplainthedifferencebetweentheflowoffunds(sourcesandusesoffunds)statementandthestatementofcashflows–andunderstandthebenefitsofusingeach.Define"funds"andidentifysourcesandusesoffunds.Createasourcesandusesoffundsstatement,makeadjustments,a

2、ndanalyzethefinalresults.Describethepurposeandcontentofthestatementofcashflowsaswellasimplicationsthatcanbedrawnfromit.Prepareacashbudgetfromforecastsofsales,receipts,anddisbursements–andknowwhysuchabudgetshouldbeflexible.Developforecastedbalancesheetsandincomestatements.Understandtheimportanceo

3、fusingprobabilisticinformationinforecastingfinancialstatementsandevaluatingafirm'scondition.AfterStudyingChapter7,youshouldbeableto:FlowofFunds(SourcesandUses)StatementAccountingStatementofCashFlowsCash-FlowForecastingRangeofCash-FlowEstimatesForecastingFinancialStatementsFundAnalysis,Cash-FlowA

4、nalysis,andFinancialPlanningHasbeenreplacedbythecashflowstatement(1989)inUSauditedannualreports.Asummaryofafirm’schangesinfinancialpositionfromoneperiodtoanother;itisalsocalledasourcesandusesoffundsstatementorastatementofchangesinfinancialposition.FlowofFundsStatementQUESTION?Whyshouldwebotherto

5、understandaFlowofFundsStatementthatisnolongerrequiredtoappearinUSauditedannualreports?WhyExaminetheFlowOfFundsStatementIncludesimportantnocashtransactionswhilethecashflowstatementdoesnot.Iseasytoprepareandoftenpreferredbymanagersforanalysispurposesoverthemorecomplexcashflowstatement.Helpsyoutob

6、etterunderstandthecashflowstatement,especiallyifitispreparedunderthe“indirectmethod.”TheFlowofFundsStatement:WhyExaminetheFlowofFundsStatementAllofthefirm’sinvestmentsandclaimsagainstthoseinvestments.Extendsbeyondjusttransactionsinvolvingcash.Whatare“funds”?FlowofFundsStatementTheletterslabeling

7、theboxesstandforUses,Sources,Assets,andLiabilities(broadlydefined).Thepluses(minuses)indicateincreases(decreases)inassetsorliabilities.AL–++–SUSourcesandUsesStatement$100–S410–S616+U5–9+U$1,140N/A930N/A(299)N/A$631+U50–223–