【正文】
s on the study of the availability of backup liquidity, the analysis of enterprise can get the cash management, corporate finance to the outside world the ability to sell convertible securities can bring the amount of available liquidity. In the analysis of various sources of financing enterprises, the enterprises should pay particular attention to its lenders are closely related to the ease of borrowing, because once got in trouble, helpless to the outside world, those close to the lending institutions are likely to help businesses get rid of dilemma. Others include convertible securities are convertible at any time from the stock market into cash, to repay shortterm corporate debt maturity. 3 Determination of M amp。s financial situation, not only in the past few years, a careful analysis of financial reporting information, but also on the acquired within the next five years or more years of cash flow and assets, liabilities, forecast. 1. The pany liquidity and solvency position is to maintain the basic conditions for good financial flexibility. Company39。 A movement through effective control of profitable enterprises and increase business value. The desire to control access to the right of the main business by trading access to the other rights owned by the control subjects to redistribution of social resources. Effective control over enterprises in the operation of the market conditions, for most over who are in petition for control of its motives is to seek the pany39。 A process involves a lot of financial problems and solve financial problems is the key to successful mergers and acquisitions. Therefore, it appears in merger analysis of the financial problems to improve the efficiency of M amp。 Financial Analysis Corporate mergers and acquisitions have bee a major form of capital operation. Enterprise use of this mode of operation to achieve the capital cost of the external expansion of production and capital concentration to obtain synergies, enhancing petitiveness, spread business plays a very important role. M amp。 A business process can make use of deferred tax in terms of a reasonable tax avoidance, but the current loss of business as a profit potential acquisition target, especially when the acquiring pany is highly profitable, can give full play to plementary acquisitions both tax advantage. Since dividend ine, interest ine, operating ine and capital gains tax rate difference between the large mergers and acquisitions take appropriate ways to achieve a reasonable financial deal with the effect of tax avoidance. 5. To increase business value. M amp。 A business goal must be to evaluate the financial situation of enterprises, in order to provide reliable financial basis for decisionmaking. Evaluate the enterprise39。s overall business conditions and petition prospects e to embody. Specific assessment, the fixed costs to pre