探討企業(yè)財務(wù)評價體系——基于杜邦分析法的研究與改

財務(wù)管理本篇論文包括:開題報告,中英文摘要,論文,目錄,文獻(xiàn)綜述,大綱 論文編號:CW015   字?jǐn)?shù):10307,頁數(shù):24

目  錄

一、杜邦財務(wù)分析體系的介紹 ...........................7
（一）、基本原理 .....................................7
（二）、杜邦分析法中幾種主要財務(wù)指標(biāo)關(guān)系及分析圖 .....7
（三）、杜邦分析體系不斷發(fā)展的理論依據(jù)............... 8
1、哲學(xué)依據(jù) ..........................................8
2、財務(wù)管理理論依據(jù) ..................................8
3、會計核算理論依據(jù) ..................................9
（四）、杜邦分析體系不斷發(fā)展的實踐基礎(chǔ) ...............9
二、我國企業(yè)財務(wù)評價體系的現(xiàn)狀 .......................9
（一）、杜邦財務(wù)分析體系在我國應(yīng)用的必要性 ...........10
1、我國目前財務(wù)分析理論研究和實際運(yùn)作中存在的問題 ....10
2、我國財務(wù)分析理論及實踐發(fā)展的趨勢和要求 ............11
（二）、利用杜邦分析法作實例分析 .....................11
1、對凈資產(chǎn)收益率的分析 ..............................12
2、分解分析過程...................................... 13
三、杜邦分析體系中存在的問題 .........................14
（一）、沒有利用現(xiàn)金流量表中的數(shù)據(jù) ...................14
（二）、沒有反映企業(yè)的經(jīng)營風(fēng)險及財務(wù)風(fēng)險 .............15
（三）、沒有充分利用管理會計數(shù)據(jù) .....................15
四、杜邦分析體系的改進(jìn)與應(yīng)用......................... 16
（一）、杜邦分析體系的改進(jìn) ...........................16
1、引入現(xiàn)金流量的杜邦財務(wù)分析體系結(jié)構(gòu)圖 ..............16
2、引入的現(xiàn)金流量的杜邦財務(wù)分析體系的介紹 ............17
3、引入現(xiàn)金流量表的杜邦分析法分析的應(yīng)用 ..............19
五、結(jié)論 .............................................20
附錄 .................................................22
文獻(xiàn)綜述 .............................................27
參考文獻(xiàn) .............................................37
致謝 .................................................39

摘   要
     財務(wù)評價體系是政府經(jīng)濟(jì)管理部門、投資者、經(jīng)營者、債權(quán)人及其他利益相關(guān)者為了切實掌握企業(yè)的財務(wù)狀況，將償債能力分析、營運(yùn)能力分析、贏利能力分析和發(fā)展能力分析等諸多方面的財務(wù)指標(biāo)分析納入一個有機(jī)的整體，系統(tǒng)、全面、綜合地對企業(yè)財務(wù)狀況和經(jīng)營成果進(jìn)行剖析，從而對企業(yè)的經(jīng)濟(jì)效益的優(yōu)劣做出更加準(zhǔn)確的評價與判斷。它對于確保經(jīng)營者提高管理效率、投資者提高決策水平，保證債權(quán)人的根本利益，提高政府宏觀調(diào)控水平有著十分重要的作用。然而，現(xiàn)代企業(yè)的工作性質(zhì)和資源配置結(jié)構(gòu)已經(jīng)發(fā)生了變化，傳統(tǒng)的財務(wù)評價體系己經(jīng)不能滿足對企業(yè)進(jìn)行全面分析與評價的需求。因此，研究企業(yè)財務(wù)評價體系這一課題是十分有必要的。
本文共分為五部分，第一部分，介紹了杜邦分析體系的概念，論述了其不斷發(fā)展的理論依據(jù)及實踐基礎(chǔ)。第二部分，簡述了我國財務(wù)評價體系的現(xiàn)狀，及其在我國應(yīng)用的必要性，并對ST銀廣夏公司的財務(wù)狀況進(jìn)行分析。第三部分，通過實例分析，揭示杜邦分析體系中存在的問題。第四部分，提出了一種引入現(xiàn)金流量的杜邦分析體系，以此來改進(jìn)傳統(tǒng)杜邦分析法中的不足之處。第五部分，總結(jié)并得出結(jié)論。

關(guān)鍵詞：財務(wù)評價體系  杜邦分析法  現(xiàn)金流量分析

Abstract
Financial eva luation system is a method of which completely analyzing and eva luating the capacity of gained profit, payment on a debt, operation ability and development capacity to get a round view of the enterprise's financial conditions and make judgments on enterprise's financial levels for government, investors, debtors and other stakeholders. This method is very useful for operators to improve the efficiency of management, for investors to improve the level of their decision-making, for loaners to guarantee their profits, for economical management department of government to improve the level of macro suit and control. However, in today’s marketing economy, the effect of marketing mechanism makes the profit of any market body has its unsteadiness, that is the market body inevitably has to undertake some risks. Therefore, it is very necessary to research financial eva luation system.
This thesis has 5 parts. In the first part it introduce the present situation of finance eva luation system, and this paper laid particular emphasis on the DU Pont system’s systematic research, which expands on the development and the necessary for its practice in China, In the second part, we take a company for example, it make a systematical study upon Du Pont System of financial analysis. The third part point out some problem of financial eva luation system, reveal its limitations. The fourth part point out that Du Pont System is not perfectly satisfactory, and then brought up the improvement of finance eva luation research, which focuses on the analysis of cash flow amount. The last part makes a conclusion.

Key words: Financial eva luation system    Du Pont System of financial analysis    the analysis of cash flow amount