TAILIEUCHUNG - Corporate finance Part 1- Chapter 2

Phân tích tài chính là một công cụ được sử dụng bởi cổ đông hiện hữu và tiềm năng của một công ty, cũng như cho vay, cơ quan đánh giá. | Part Two Financial ANALysis and forecasting In this part we will gradually introduce more aspects of financial analysis including how to analyse wealth creation investments either in working capital or capital expenditure and their profitability. But we first need to look at how to carry out an economic and strategic analysis of a company. Chapter 8 HOW TO PERFORM A FINANCIAL ANALySIS Opening up the toolbox Before embarking on an examination of a company s accounts readers should take the time to carry out a strategic and economic assessment with particular attention paid to the characteristics of the sector in which the company operates the quality of its positions and how well its production model distribution network and ownership structure fit with its business strategy carefully read and critically analyse the auditors report and the accounting rules and principles adopted by the company to prepare its accounts. These documents describe how the company s economic and financial situation is translated by means of a code . accounting into tables of figures accounts . Since the aim of financial analysis is to portray a company s economic reality by going beyond just the figures it is vital to think about what this reality is and how well it is reflected by the figures before embarking on an analysis of the accounts. Otherwise the resulting analysis may be sterile highly descriptive and contain very little insight. It would not identify problems until they have shown up in the numbers - . after they have occurred and when it is too late for investors to sell their shares or reduce their credit exposure. Once this preliminary task has been completed readers can embark on the standard type of financial analysis that we suggest and use more sophisticated tools such as credit scoring and ratings. But first and foremost we need to deal with the issue of what financial analysis actually is. Section What is financial ANALysis 1 What is financial ANALysis for .

• Tài chính doanh nghiệp
• corporate finance
• tài chính doanh nghiệp
• quản lý tài chính
• cfa
• Intermediate corporate finance
• Lecture Intermediate corporate finance
• Corporate valuation
• Value based management
• Fundamentals of corporate finance
• Business organization
• Financial management
• International corporate finance
• Capital market history
• Raising capital
• Financial leverage
• Financial reporting
• Social welfare
• Forward contracts
• The stock markets
• Basic return concepts
• Portfolio theory
• Bond valuation
• Basic stock valuation
• Accounting for financial management
• Analysis of financial statements
• Financial planning
• Forecasting financial statements
• Capital budgeting
• Decision criteria
• Estimating cash flows
• Real options
• Capital structure decisions
• The levered firm
• Cash management
• Financial distress
• Hedging risk
• Warrants and convertibles
• Principles of corporate finance
• Understanding options
• Valuing options
• Financial analysis
• Financial manager
• Financial institutions