最新会计报表和财务ppt课件.ppt

最新会计报表和财务ppt课件.ppt

ID:62099938

大小:744.50 KB

页数:48页

时间:2021-04-16

最新会计报表和财务ppt课件.ppt_第1页
最新会计报表和财务ppt课件.ppt_第2页
最新会计报表和财务ppt课件.ppt_第3页
最新会计报表和财务ppt课件.ppt_第4页
最新会计报表和财务ppt课件.ppt_第5页
资源描述:

《最新会计报表和财务ppt课件.ppt》由会员上传分享,免费在线阅读,更多相关内容在教育资源-天天文库

1、会计报表和财务管理会计报表资产负债表,损益表,现金流量表常用会计指标DuPontChart流行财务模型介绍EVA&MVA;CAPM&SML;GordenModel企业兼并Why(Synergy),WhichTypesHow(Example,CaseStudy)会计报表和财务管理Cash7,28257,600AR632,160351,200Inventories1,287,360715,200TotalCA1,926,8021,124,000GrossFA1,202,950491,000Less:Deprec.263,160146,200NetFA939,790344,800TotalA

2、ssets2,866,5921,468,80019971996BalanceSheet:AssetsStatementofCashFlows(1997)L-TINVESTINGACTIVITIESInvestmentinfixedassets(711,950)FINANCINGACTIVITIESIncreaseinnotespayable520,000Increaseinlong-termdebt676,568Paymentofcashdividends(11,000)Netcashfromfinancing1,185,568NETCHANGEINCASH(50,318)Plus:C

3、ashatbeginningofyear57,600Cashatendofyear7,282TheDuPontsystemfocuseson:ExpensecontrolAssetutilizationDebtutilizationDuPontEquationsROA=Profitmargin*TotalassetsturnoverROE=ROA*EquitymultiplierROE=(Profitmargin)(Totalassetturnover)(Equitymultiplier)=Netincome/sales*sales/TotalAssets*Totalassets/Co

4、mmonequityTheotherkeyratiosP/Eratio=Themarketpriceofstock/EPSEPS=Earnings/ThesharesoutstandingWhatisyouridea?MVA&EVA(1)MVA:MarketValueAddedThedifferencebetweenthemarketvalueofequityandtheamountofequitycapitalthatinvestorssuppliedMVA=Marketvalueofequity-Equitycapitalsuppliedbyinvestors=(Sharesout

5、standing)(StockPrice)-TotalcommonequityMVA&EVA(2)MVAExampleCoca-Colain1995MarketvalueofEquity:$69bTotalcommonequity:$8bMVA:$61bEPS:$8.63GMin1995MarketvalueofEquity:$69bTotalcommonequity:$87bMVA:$18bEPS:$0.79MVA&EVA(3)EVA:EconomicValueAddedValueaddedtoshareholdersbymanagementduringagivenyearTomea

6、suretheeffectsofmanagerialactionsEVA=After-taxoperatingprofit-After-taxcostoftotalcapital=EBIT(1-Corporatetaxrate)-After-taxcostoftotalcapitalTotalcapitalincludes:Long-termdebt,preferredstock,andcommonequityMVA&EVA(4)EVAcasestudyCSXCorporationin1988,stockprice$28BU:Locomotive,containers,trailer,

7、railcarsEVAapproachlost$70MSellingoff,increasingvolumeTill1993,stockprice$82.5MVA&EVA(5)Securityanalysts:ThestockpricestrackEVAfarmorecloselythanotherfactorssuchasEPS,ROEandOperatingMarginCAPMModel&SML(1)CAPMCapitalAssetPric

当前文档最多预览五页,下载文档查看全文

此文档下载收益归作者所有

当前文档最多预览五页,下载文档查看全文
温馨提示:
1. 部分包含数学公式或PPT动画的文件,查看预览时可能会显示错乱或异常,文件下载后无此问题,请放心下载。
2. 本文档由用户上传,版权归属用户,天天文库负责整理代发布。如果您对本文档版权有争议请及时联系客服。
3. 下载前请仔细阅读文档内容,确认文档内容符合您的需求后进行下载,若出现内容与标题不符可向本站投诉处理。
4. 下载文档时可能由于网络波动等原因无法下载或下载错误,付费完成后未能成功下载的用户请联系客服处理。