對現(xiàn)金流量報表相關(guān)目標(biāo)的量化分析外文翻譯

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1、　　河北科技師范學(xué)院　　本科畢業(yè)論文（設(shè)計）外文翻譯　　對現(xiàn)金流量報表相關(guān)目標(biāo)的量化分析　　院（系、部）名稱：商務(wù)管理系 　　專業(yè) 名稱： </p&

2、gt;　　學(xué) 生姓名： 　　學(xué) 生學(xué) 號： 　　指導(dǎo) 教師： 　　2013年01月05日　　河北科技師范學(xué)院教務(wù)處制　　Quantitative

3、Analysis of the Target Related to Cash Flow Statement　　With the example of the trend analysis method applied to the cash flow statement, the authors study the quantitative analysis method of the targ

4、et related to cash flow statement. So the statement user can knows the current and previous financial condition in the enterprises, correctly evaluate the current and future abilities to pay and repay, find out the probl

5、ems in financial affairs, and scientifically calculate the future financial conditions. An adequate, efficient basis is provided for sci　　1 Introduction　　It was America that fir

6、st decided to replace statement of changes in financial position with cash flow statement. Afterwards, U.K., Australia, Canada and many other countries and areas followed. To emphasize cash flow statement and overcome th

7、e shortcomings of statement of changes in financial position, in January, 1987, FASB in America promulgated financial accounting standards announcement No. 95《Cash Flow Statement》 .It requires enterprise to replace th

8、e statement of changes in financial p　　2 Cash Flow Statement　　2.1 Contents of Cash Flow Statement and Its Compilation Purpose　　Cash flow statement means s

9、tatement of changes in financial position compiled based on cash and shows operating activities, investment activities and collecting capital activities of the enterprise on account of flow-in and flow-out of cash during

10、 a certain period, and shows all aspects of flow-in and flow-out of cash. It is compiled on the cash basis of accounting and belongs to periodic dynamic statement. The basic purpose of compiling cash flow statement is to

11、 provide the information of flow　　·The Capability of obtaining net cash flow during the future accounting period;　　·The Capability of repay debts and paying dividend;&l

12、t;/p>　　·The Capability of raising funds;　　.The reason for engendering the difference of net income and net cash flow; and,　　·Investment and raising funds

13、activities affecting and not affecting cash during the current period.　　2.2 Components of Cash Flow　　(1) Cash flow-in　　There are three chief types of econo

14、mic services flow-in of cash: Reducing other assets except cash adding debts and adding shareholder's right.　　(2) Cash flow- out　　There are three chief types of economic ser

15、vices flow-out of cash: Adding other assets except cash, reducing debts and reducing shareholder's right.　　2.3 Classification of Cash Flow　　Cash flow within a certain perio

16、d is classified into the following three types on account of the　　nature of operation service:　　The cash flow of operation activities, the cash flow of investment activities and

17、the cash flow of raising funds activities.　　(1) Cash flow ofoperation activities　　Operation activities mean the main service of an enterprise and other non-investment activities

18、 or raising funds activities. It includes:　　Cash flow-in of operation activities:　　The input of selling goods and providing labour force; the input of loan interest, stock divide

19、nd and bond interest; other input of not belonging to investment activities and raising funds activities.　　Cash flow-out of operation activities:　　The cash of paying to suppliers

20、 and providers of labour force; the expenditure of salary; the interest to creditor; the expenditure of tax on income and penalty.　　(2) Cash flow of investment activities　　Inves

21、tment activities mean purchase and selling of long-term asset and other investments without the cape of cash equivalent. It includes:　　Cash flow-in of investment activities: recovering loan; selling

22、stocks and bonds issued by other companies; selling fixed assets and other productive assets.　　Cash flow-out of investment activities: providing loan to other enterprises; purchasing stocks and bond

23、s issued by other companies; purchasing fixed assets and other productive assets (including capitalized interest of asset cost).　　(3) Cash flow of raising funds activities　　Rais

24、ing funds activities mean the activities to cause the scale and structure of rights and interest capital and other loan to change. It includes:　　Cash flow-in of investment activities: issuing stocks.

25、, bonds and bill; gaining mortgage loans and all kinds of other long-term and short-term loans.　　Cash flow-out of investment activities: issuing stock interest in cash; repaying loans; preceding expe

26、nditure to creditor (including cash expenditure caused by extended long-term debt).　　2.4 Structure of Cash Flow Statement　　There are two methods to compile cash flow statement:

27、direct method and indirect method. The structure of cash flow statement compiled by the two methods is different. This article recommends the basic structure of cash flow Statement compiled by direct method and usually a

28、dopted by enterprises. The basic structure of cash flow statement is composed of three parts:　　Cash flow of operation activities. The data needed by this part may be found in B/S (balance

29、　　sheet) and income sheet.　　Cash flow of investment activities. The information needed by this part may be found from the change of current asset account, but the true data need to be adjust

30、ed on account of income or loss in income sheet.　　Cash flow of raising funds activities which may be obtained by analyzing and computing the change of relevant current liability and shareholder's

31、 rights and interests account.　　Non-cash investment and raising funds activities which may be discovered in the supplementary statements to show all aspects of important economic activities.

32、;　　2.5 Compilation of Cash Flow Statement　　The information that is needed for compiling cash flow statement includes: beginning balance sheet, final trial balance, other complementary dat

33、a,etc. Cash flow statement is compiled on account of the original manuscript.　　3 Quantitative Analysis of Relevant Quota　　Quantitative analysis of cash flow statement is to comp

34、are, analyze and study relevant data of cash flow statement so as to know the financial position of enterprise, find out the trouble in finance, predict the future financial position and provide the basis for scientific

35、decision.　　The methods of quantitative analysis of cash flow statement usually include trend analysis, structure analysis, rate analysis, comparative analysis and factor analysis. This article only r

36、ecommends trend analysis applied to cash flow statement.　　Trend analysis is an analysis method which forecasts future results by studying a number of　　continual periods''

37、- financial statement, comparing relevant program's amount of money and analyzing the increase and decrease of some quotas to judge its trend. Applying trend analysis, the user of statement may know the basic trend o

38、f relevant program changes, judge whether this trend is advantageous or not and predict the future development of the enterprise.　　Trend analysis usually computes trend percentages. There are two typ

39、es of trend percentages:　　It is illustrated by the cash flow statement of some telecommunication bureau. We compile cash flow statement gathered from 1995 to 1998 of this bureau on account of cash f

40、low statements from 1995 to 1998 of this bureau (statement from 1995 to 1998 omitted). The form of cash flow statement and the data of this bureau in 1998 are shown as in Table 1:　　Table 1 Cash flow

41、statement of a telecommunication bureau　　Enterprise： Year:1998 Unit: Thousands of dollars 　　Cash flow Am

42、ount 　　1 Cash flow of operation　　Cash flow in:　　Cash from sales clients 85890　　Other ope

43、ration income (12019)　　Sub-total f cash flow in 73871　　Cash flow out:　　Paying suppliers

44、 (40 871)　　Paying interests (1 287)　　Paying other expenses (19 585) <

45、;p>　　Paying income tax (2 546)　　Sub-total of cash flow out (25 119)　　Net cash of operation

46、 48 752　　2 Cash flow of investment　　Cash flow in:　　Recovery of cash from investment 68 000　　Recovery o

47、f cash relate to 18 500　　investment activities　　Sub-total of cash flow in 86 500　　Cash flow out:&l

48、t;/p>　　Equipment purchasing (66 676)　　Sub- total of cash flow out (66 676)　　Net cash of investment

49、 19 824　　3 Cash flow of raising funds　　Cash flow in:　　Cash from loan 36 220

50、;　　Cash accepting rights and interests 15 081　　Sub-total of cash flow in 51 301　　Cash flow out:　　Cash repay

51、ed for debts (16 254)　　Sub- total of cash flow out (16 254)　　Net cash of raising funds 35

52、 047　　4 Effects of exchange fluctuations on cash　　5 Net increased cash flow 103 623 　　The article only cites

53、 the data from 1995 to 1998 to compute the trend percentage by the trend analysis method.　　Table 2 The total cash flow statement　　Enterprise:

54、 Unit: Thousands of dollars 　　Cash flow 1995 1996 1997 1998 　　Cash income 187 500 203 136

55、207 752 211 672　　Among: cash m- 68 465 70 125 71 532 73 871　　come of operation　　Cash income of 40 680

56、 65 421 76 345 86 500　　investment　　Cash income of 78 355 67 590 59 875 51 301　　raising funds<

57、;/p>　　Cash expenditure 62 233 79 765 91 815 108 049　　including:　　Cash expenditure 15 908 19 880 22 905

58、 25 119　　of operation　　Cash expenditure 32 905 40 895 54 690 66 676　　of investment　　Cash ex

59、penditure 13 420 18 990 14 220 16 254　　Of raising funds 　　The data

60、 come from the annual accountant statements from 1995 to 1997(omitted).　　We can compute the constant relative with the year- of 1995 as the base period, see Table 3, and Link relative with previous y

61、ear as the base period, see Table 4, on account of the total cash flow statement from 1995 to 1998 of this telecommunication bureau.　　From Table 3, we can conclude that cash flow of the enterprise

62、continuously increases. Cash flow in 1998 was 12.89 percent more than that in 1995，among which the increase of cash income of operation activities was faster than that of general cash income and was 7.90 percent. Cash

63、 income of investment activities increases doubly and up to 112.64 percent, which shows the previous investment gradually expires and then cash income of investment activities increases; but cash income of raising f<

64、;/p>　　Table 3 Comparison of constant relative index 　　_______________________________________________________________________________ 　　Cash flow

65、 1995 1996 1997 1998　　(percent) (percent) (percent) (percent) 　　Cash income

66、 100 108.34 110.80 112.89　　Among: cash income 　　of operation 100 102.42 104.48 107.90　　Cas

67、h income of　　Investment 100 160.82 187.67 212.64　　Cash income of 　　raising funds 100 86.26

68、 76.42 65.47　　Cash expenditure　　including: 100 128.17 147.53 173.62　　Cash expenditure of

69、;　　Operation 100 124.97 143.98 157.90　　Cash expenditure of　　Investment 100 124.28 166.21 202.63<

70、/p>　　Cash expenditure of　　raising funds 100 141.51 105.96 121.09 　　__________________________________________________________

71、_____________________　　Table 4 Comparison of link-relative quota　　_______________________________________________________________________________　　Cash flo

72、w 1995 1996 1997 1998　　(percent) (percent) (percent) (percent) 　　Cash income 100 108.34

73、 102.27 101.89　　Cash income of　　Operation 100 102.42 102.01 103.27　　Cash income of<p&g

74、t;　　Vestment 100 160.82 116.70 113.30　　Cash income of　　raising funds 100 86.26 88.59 85.68<

75、/p>　　Cash expenditure 100 128.17 115.11 117.68　　Cash expenditure of　　operation 100 124.97 115.2

76、2 109.67　　Cash expenditure of　　Investment 100 124.28 133.73 121.92　　cash expenditure of

77、;　　raising funds 100 141.51 74.88 114.30　　From Table 4, we can conclude not only cash income of enterprise increases continuously, but also its increase speed

78、 increases progressively. The increase speed of cash income of operation activities and investment activities basically reduce progressively, but cash income of raising funds activities shows a negative increase. Cash e

79、xpenditure of enterprise also increases progressively, whose speed is basically smooth and steady. Cash expenditure of operation activities reduces progressively,　　4 Trend Forecast Analysis</p

80、>　　The so-called trend forecast analysis means to use regression analysis method, exponential smooth method and so on to analyze and forecast the statement of financial data, analyze its development trend,

81、and this possible development result on this basis.　　Trend Analysis also includes trend forecast analysis usually with trend linear equation applies.The equation is: y=a+bx　　Wher

82、e a and b are constant, and x is the period coefficient value which is decided by distribution and made ∑x=0 .For ∑ x=0，the distribution value makes little difference whether the number of the period is odd or even.<

83、;/p>　　When the number of the period is odd, x may be decided as follows:　　_______________________________________________________________________________　　1990

84、 1991 1992 1993 1994 　　x= -2 -1 0 1 2 　　When the number of the period is even, x may b

85、e decided as follow:　　_______________________________________________________________________________　　79 80 81 82 83 84 85 86 87 88 &l

86、t;p>　　x= -10 -9 -8 -7 -6 -5 -4 -3 -2 -1 　　_______________________________________________________________________________　　89 90

87、 91 92 93 94 95 96 97 98 　　x= +1 +2 +3 +4 +5 +6 +7 +8 +9 +10 　　The constants a and b may be decided by following

88、 formula: 　　The data are obtained from accountant statements from 1979 to 1998 of the telecommunication bureau (accountant statements from 1979 to 1994 omitted).　　Cash income

89、 of operation activities of a telecommunication bureau:　　Unit: Thousands of dollars　　Cash flow 1979 1980 1981 1982 1983 &

90、lt;p>　　Cash income of　　operation activities 26 000 28 753 29 875 31 080 35 780 　　Unit: Thousands of dollars 　　Cash flow

91、 1984 1985 1986 1987 1988 　　Cash income of 　　operation activities 43123 45 389 47 100 48 200 49 318 </p&

92、gt;　　Unit: Thousands of dollars 　　Cash flow 1989 1990 1991 1992 1993　　Cash income of　　operation activities

93、 50 897 52 310 55 432 58 765 60 581 　　Unit: Thousands of dollars　　Cash flow 1994 1995 1996 1997 1998<

94、p>　　Cash income of 　　operation activities 65 300 68 465 70 125 71 532 73 871 　　SO:　　=&l

95、t;/p>　　=50 594.8 Thousands of dollars　　= 　　=2 337.82 Thousands of dollars　　then the forecast trend equation is:&

96、lt;p>　　y=50 594.8+2 337.82x　　if the enterprise wants to forecast cash income of operation activities in 1999, then:　　y=50 594.8+2 337.82*11=76 310.82 Thousands of dollars</

97、p>　　5 Conclusion　　By quantitative analysis of cash flow statement, we can conclude the trend analysis is an analysis method which forecasts the future result by studying a number of co

98、ntinual periods' financial statements, comparing the amount of relevant programs and analyzing the increase and decrease of some quotas to judge its trend. Applying trend analysis, the user of statement may know the

99、basic trend of relevant program changes, judge whether this trend is advantageous or not and predict the future devel　　Joe Johnson and Larry Brown 1999. “Analysis of cash flow statement” the cap jou

100、rnal; October　　譯文：　　對現(xiàn)金流量報表相關(guān)目標(biāo)的量化分析　　本文以適用于現(xiàn)金流量表的趨勢的分析方法為例子，通過用定量分析法研究與現(xiàn)金流量表相關(guān)的目標(biāo)。所以，現(xiàn)金流量表的使用者可以知道企業(yè)當(dāng)前和以前的財務(wù)狀況，正確評價當(dāng)前和未來投入與產(chǎn)出的能力，找出企業(yè)在財務(wù)狀

101、況中的存在問題并合理的計算未來的財務(wù)狀況。為合理的決策提供充分、有效的基礎(chǔ)。　　1介紹　　美國是第一個決定用現(xiàn)金流量表代替財務(wù)狀況變動表的國家。事后，英國、澳大利亞、加拿大和許多其他國家和地區(qū)也開始效仿。為強(qiáng)調(diào)現(xiàn)金流量表和克服財務(wù)狀況變動表的缺點(diǎn)，美國的財務(wù)會計準(zhǔn)則委員會于1987年1月頒布了第95號《現(xiàn)金流量

102、表》這一財務(wù)會計標(biāo)準(zhǔn)的聲明。它要求企業(yè)從1988年7月開始用現(xiàn)金流量表取代財務(wù)狀況變動表。1991年9月，英國會計準(zhǔn)則委員會考慮到需要準(zhǔn)備現(xiàn)金流量表的要求，也公布了財務(wù)報表標(biāo)準(zhǔn)第1號《現(xiàn)金流量表》用來要求所有的企業(yè)。國際會計標(biāo)準(zhǔn)委員會在1992年公布了 1號《國際會計準(zhǔn)則》，要求用現(xiàn)金流量表代替財務(wù)狀況變動表。所以，現(xiàn)在"現(xiàn)金流量表"、"股權(quán)債務(wù)聲明"和"損益表"已在世界范圍

103、內(nèi)的企業(yè)中初步形成了新的財務(wù)會計報告制度。　　2 現(xiàn)金流量表　　2.1 現(xiàn)金流量表的內(nèi)容和其編譯目的　　現(xiàn)金流量表是指基于現(xiàn)金和經(jīng)營活動的財務(wù)狀況變動表，它運(yùn)用企業(yè)在某階段的經(jīng)營活動、投資活動來計算現(xiàn)金的投入與產(chǎn)出，并顯示現(xiàn)金投入與產(chǎn)出的各個方面的關(guān)系。它以現(xiàn)金對賬單為基礎(chǔ)

104、，屬于定期動態(tài)表。編制現(xiàn)金流量表的基本目的是為股東、債權(quán)人及其他提供現(xiàn)階段現(xiàn)金流入和流出的信息，幫助他們正確地做出評估，主要包括以下幾個方面：　　未來會計期獲取凈現(xiàn)金流量的能力；　　償債與付息的能力；　　籌集資金的能力;</p&g

105、t;　　引起凈收益額與凈現(xiàn)金流量不同的原因。　　現(xiàn)階段投資和影響和不影響現(xiàn)金的籌集資金活動。　　2.2現(xiàn)金流的構(gòu)成　　（1）現(xiàn)金流入量　　主要有3種資金流入量的經(jīng)濟(jì)業(yè)務(wù)：減少

106、經(jīng)營資金、增加現(xiàn)金債務(wù)和增加股東權(quán)益。　?。?）現(xiàn)金流出量　　主要有3種主要資金流出量的經(jīng)濟(jì)業(yè)務(wù)：增加經(jīng)營資金、減少現(xiàn)金債務(wù)和減少股東權(quán)益。　　2.3現(xiàn)金流的分類　　因業(yè)務(wù)性質(zhì)不同一定時期的現(xiàn)金流

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