Financial analysis and evaluation conclusion
Financial evaluation Financial evaluation is an overview of enterprise financial evaluation. It starts with the analysis of the financial risks of enterprises, and evaluates the factors such as capital risk, business risk, market risk and investment risk faced by enterprises, so as to monitor and evaluate the risks of enterprises, and formulate corresponding feasible long-term and short-term risk control strategies according to their causes and processes, so as to reduce or even eliminate risks and make enterprises develop healthily and sustainably. Financial evaluation is based on the market price from the perspective of enterprises. According to the current national fiscal and taxation system and the current price system, analyze and calculate the direct financial benefits and expenses of the project, prepare financial statements, calculate financial evaluation indicators, and investigate the financial status of the project, such as profitability, liquidity, foreign exchange balance, etc., so as to judge the financial feasibility of the project. The purpose of financial evaluation is 1. From the perspective of an enterprise or project, analyze the investment effect and evaluate the profitability of the project after it is completed and put into production; 2. Determine the source of funds needed for the project and make a fund plan. Estimate the loan repayment ability of the project. Provide a basis for coordinating the interests of enterprises and the interests of the state. The main contents of financial evaluation 1 and financial forecast (1) Financial forecast refers to the use of mathematical statistics and subjective judgment by financial workers according to the financial activity data of enterprises in the past period, combined with various changing factors that enterprises are facing and will face. (2) The purpose of forecast is to reflect the advance of financial management, that is, to help financial personnel understand and control the uncertainty of the future and minimize their ignorance of the future. (3) The following principles are generally followed when making financial forecasts: the principle of continuity. The financial forecast must be continuous, that is, the forecast must infer the future financial situation according to the past and present financial data. Key factor principle. When making financial forecast, we should concentrate on the major projects first, and don't stick to everything, which can save time and cost. Principle of objectivity. Only by making financial forecast on an objective basis can we draw a correct conclusion. Scientific principles. In financial forecasting, on the one hand, we should use scientific methods (mathematical statistics methods); On the other hand, we should be good at finding the correlation and similarity between predictive variables and making correct predictions. Economic principles. Pay attention to economy in financial forecasting, because financial forecasting involves costs and benefits. Therefore, we should try our best to achieve satisfactory forecast quality with the lowest forecast cost. 2. Prepare the capital plan and plan 3. Calculate and analyze financial effects Financial evaluation indicators Financial evaluation indicators include: sales profit rate, return on total assets, return on capital, capital preservation and appreciation rate, asset-liability ratio, current ratio, quick ratio, accounts receivable turnover rate, inventory turnover rate, etc.