現(xiàn)金流量表概述外文翻譯(存儲版)
【正文】 to the profitability analysis to the prejudice of the analysis of liquidity. Profitability and liquidity are two distinct approaches that characterize the pany balance sheet. A significant profitability points out that the difference between revenues and expenses ensures the payment of the invested capital. But the revenues do not always correspond to the profits or to the expenses of parties. On the other hand, certain profits do not represent revenues (loans) and certain payments do not immediately determine the expenses (investments). A sufficient or insufficient liquidity does not correspond, by definition, to a significant or inexistent profitability. A chronic negative (absent) profitability means that the pany revenues are insufficient to cover expenses and the difference between them cannot pay the invested capital. On a long term, this can lead to a lack of liquidity, in case that the pany cannot earn other profits. On a short and medium term, profitability and liquidity can be sensitively divergent. Thus, the profitable 3 panies can face cash difficulties, both as a result of the rapid increase of investments in the fixed capital, which determined the increase of the financing needs for the operation cycle, and as a result of a decrease in the rotation speed of the current assets. On the contrary, the less profitable panies can maintain a satisfying liquidity in the absence of investments or through the progressive decrease of their value. As a result, liquidity, which depends on the pany’s profitability and on its financial structure, is an essential approach drawing the creditors’ attention. The difference between the revenues capable of generating profits and the expenses capable of generating payments is represented by the cash flow, an index that connects profitability and liquidity (Ooghe H., Van Wymeersch C., 2021). Fourth, The CashFlow Statement, by taking the census of pany profits and payments, allows knowing its historical capacity to generate cash flow and offers the elements that lie at the basis of predictions, on short term, of the future cash flows. The cashflow information is considered by the financialaccounting information users one of the most intelligible and objective source of information that presents the facts without leaving space to subjective interpretations. As a result, the cashflow information represents the essence of some new modern methods of business evaluation (a method based on updating/capitalization of future cash flows) (Pantea ., Deaconu A., 2021). Finally (without pretending to mention all the uses of this situation), The CashFlow Statement offers extra information about a series of aspects that have already been analyzed statically, on the account of financial statements. For example, the change of the pany assets can be statically analyzed starting from the balance sheet, thus being the expression of unsettled agreements. The CashFlow Statement
研究報告相關(guān)推薦
鄂ICP備17016276號-1