發(fā)布時(shí)間：2018-11-15 12:48

【摘要】：隨著我國(guó)經(jīng)濟(jì)的飛速發(fā)展,各類企業(yè)間的競(jìng)爭(zhēng)進(jìn)入白熱化。為保持健康的發(fā)展趨勢(shì),更多的企業(yè)開始注重對(duì)公司價(jià)值創(chuàng)造的管理。在企業(yè)財(cái)務(wù)管理目標(biāo)不斷變化并向前演進(jìn)的過(guò)程中,傳統(tǒng)財(cái)務(wù)分析體系已經(jīng)無(wú)法滿足這些需求。在各企業(yè)普遍施行的財(cái)務(wù)分析體系往往不能緊貼企業(yè)價(jià)值最大化的目標(biāo)。它們以利潤(rùn)為核心,忽略了公司的權(quán)益資本成本,不利于長(zhǎng)期可持續(xù)發(fā)展。為了幫助企業(yè)更加有效的利用財(cái)務(wù)信息資源,促進(jìn)企業(yè)的健康運(yùn)行,提高企業(yè)價(jià)值創(chuàng)造能力,我們亟需建立一套能夠有效滿足企業(yè)管理新需求的財(cái)務(wù)分析體系。因此,本文通過(guò)有關(guān)EVA和財(cái)務(wù)分析體系的理論研究,以杜邦財(cái)務(wù)分析體系為框架基礎(chǔ),根據(jù)HCD公司實(shí)際情況,建立基于EVA的財(cái)務(wù)分析體系,克服傳統(tǒng)財(cái)務(wù)分析體系的不足,更加全面的反映出公司的財(cái)務(wù)狀況。本文通過(guò)廣泛搜集和整理國(guó)內(nèi)外相關(guān)文獻(xiàn),對(duì)財(cái)務(wù)分析體系和經(jīng)濟(jì)增加值的相關(guān)理論現(xiàn)狀進(jìn)行研究,詳細(xì)闡述了財(cái)務(wù)分析與財(cái)務(wù)分析體系的理論基礎(chǔ)和研究現(xiàn)狀。同時(shí),還對(duì)經(jīng)濟(jì)增加值的涵義、計(jì)算方法及特點(diǎn)進(jìn)行研究。并且,參考了經(jīng)濟(jì)增加值與企業(yè)價(jià)值的相關(guān)性研究結(jié)果,了解了基于經(jīng)濟(jì)增加值理論改進(jìn)財(cái)務(wù)分析體系的研究現(xiàn)狀,認(rèn)定有關(guān)企業(yè)經(jīng)濟(jì)增加值的一系列財(cái)務(wù)指標(biāo)可以準(zhǔn)確衡量企業(yè)價(jià)值創(chuàng)造能力,為本文構(gòu)建全新財(cái)務(wù)分析指標(biāo)體系奠定了理論基礎(chǔ);通過(guò)對(duì)HCD公司現(xiàn)行財(cái)務(wù)分析體系情況的闡述與分析,發(fā)現(xiàn)其存在不足之處。為彌補(bǔ)該公司財(cái)務(wù)分析體系的不足,本文依據(jù)財(cái)務(wù)分析指標(biāo)構(gòu)建原則,選擇以凈資本增值率(EVAOE)指標(biāo)為核心構(gòu)建財(cái)務(wù)分析體系;并將構(gòu)建的全新財(cái)務(wù)分析體系應(yīng)用到自動(dòng)化設(shè)備制造行業(yè)中的HCD公司,對(duì)該公司在價(jià)值創(chuàng)造層面、盈利效益層面、資產(chǎn)營(yíng)運(yùn)層面、償債能力層面、發(fā)展能力層面的狀況進(jìn)行分析和評(píng)估,在一定程度上揭示出HCD公司存在的問(wèn)題。使得公司利益相關(guān)者更好的掌握公司的財(cái)務(wù)狀況,進(jìn)而做出合理的決策。并且,提出在HCD公司推行基于EVA的財(cái)務(wù)分析體系的保障措施。
[Abstract]:With the rapid development of economy in our country, the competition among all kinds of enterprises is becoming more and more intense. In order to maintain a healthy development trend, more enterprises began to pay attention to the management of value creation. In the process of enterprise financial management objectives changing and evolving, the traditional financial analysis system has been unable to meet these needs. The financial analysis system which is widely used in various enterprises often can not stick to the goal of maximization of enterprise value. They take profit as the core and ignore the cost of equity capital, which is not conducive to long-term sustainable development. In order to help enterprises make more effective use of financial information resources, promote the healthy operation of enterprises and improve the ability of creating enterprise value, we urgently need to establish a set of financial analysis system that can effectively meet the new needs of enterprise management. Therefore, based on the theoretical research of EVA and financial analysis system, based on the framework of DuPont financial analysis system and according to the actual situation of HCD Company, this paper establishes a financial analysis system based on EVA, which overcomes the shortcomings of traditional financial analysis system. A more comprehensive reflection of the company's financial position. Based on the extensive collection and collation of relevant literature at home and abroad, this paper studies the relevant theories of financial analysis system and economic added value, and expounds the theoretical basis and research status of financial analysis and financial analysis system in detail. At the same time, the meaning, calculation method and characteristics of economic added value are studied. In addition, referring to the research results of the correlation between economic added value and enterprise value, we understand the current research situation of improving the financial analysis system based on economic added value theory. It is concluded that a series of financial indexes related to economic added value of enterprises can accurately measure the value creation ability of enterprises, which lays a theoretical foundation for the construction of a new financial analysis index system in this paper. Based on the analysis of the current financial analysis system of HCD Company, it is found that there are some shortcomings. In order to make up for the deficiency of the financial analysis system of the company, according to the principle of constructing the financial analysis index, this paper chooses the net capital added rate (EVAOE) index as the core to construct the financial analysis system. And the new financial analysis system is applied to the HCD company in the automation equipment manufacturing industry, and it is applied to the value creation level, the profit level, the asset operation level, the solvency level, the value creation level, the profit level, the asset operation level, the solvency level. To some extent, the problems of HCD are revealed by the analysis and evaluation of the development capacity level. Make the company stakeholders better grasp the company's financial situation, and then make reasonable decisions. At the same time, it puts forward the safeguard measures of implementing the financial analysis system based on EVA in HCD Company.
【學(xué)位授予單位】：西安理工大學(xué)
【學(xué)位級(jí)別】：碩士
【學(xué)位授予年份】：2017
【分類號(hào)】：F406.7;F426.4

【參考文獻(xiàn)】

相關(guān)期刊論文 前10條

1 李蘭云;馬燕;;杜邦財(cái)務(wù)分析體系改進(jìn)及應(yīng)用——基于海爾集團(tuán)的案例[J];財(cái)會(huì)通訊;2015年23期

2 彭安興;;提高資產(chǎn)周轉(zhuǎn)率經(jīng)濟(jì)效益分析[J];財(cái)經(jīng)界(學(xué)術(shù)版);2015年11期

3 李德田;;解析管理用財(cái)務(wù)分析體系[J];綠色財(cái)會(huì);2015年05期

4 李宇鵬;;基于價(jià)值鏈的財(cái)務(wù)分析體系初探[J];中國(guó)商論;2015年10期

5 杜澤艷;;淺析杜邦財(cái)務(wù)分析體系在上市公司中的應(yīng)用[J];經(jīng)營(yíng)管理者;2015年06期

6 馮龍飛;;財(cái)務(wù)報(bào)表分析的起源與發(fā)展[J];財(cái)會(huì)研究;2014年08期

7 馬玉佩;邢花;;與因素分析法相結(jié)合的杜邦分析法在醫(yī)藥企業(yè)的應(yīng)用研究[J];商業(yè)會(huì)計(jì);2014年08期

8 李冀英;郝全梅;姜輝;;實(shí)施EVA的價(jià)值管理 提升企業(yè)的價(jià)值創(chuàng)造能力[J];中國(guó)總會(huì)計(jì)師;2014年03期

9 胡永利;;杜邦分析體系在財(cái)務(wù)分析中的應(yīng)用與改進(jìn)[J];赤峰學(xué)院學(xué)報(bào)(自然科學(xué)版);2013年17期

10 陳紀(jì)南;陳璐茜;;基于EVA驅(qū)動(dòng)因素的企業(yè)價(jià)值管理體系分析[J];財(cái)會(huì)通訊;2013年20期

相關(guān)碩士學(xué)位論文 前5條

1 朱敏;基于經(jīng)濟(jì)增加值的新疆天業(yè)業(yè)績(jī)?cè)u(píng)價(jià)研究[D];石河子大學(xué);2014年

2 何秀秀;基于EVA的航空企業(yè)價(jià)值驅(qū)動(dòng)因素研究[D];武漢理工大學(xué);2013年

3 宋雅莉;基于EVA的企業(yè)價(jià)值性財(cái)務(wù)評(píng)價(jià)指標(biāo)體系研究[D];長(zhǎng)沙理工大學(xué);2013年

4 魏月婷;EVA導(dǎo)向的電信運(yùn)營(yíng)企業(yè)價(jià)值驅(qū)動(dòng)因素分析[D];北京郵電大學(xué);2011年

5 孔軍華;EVA與上市公司企業(yè)價(jià)值的相關(guān)性分析[D];西南財(cái)經(jīng)大學(xué);2007年

，

本文編號(hào)：2333344