发布时间:2019-09-23 20:47

The new guidelines on financial ratio analysis of the effect of
Any changes of the accounting rules and the economic environment is closely related to, the scientific accounting standards should be able to reflect the economic situation changes, financial ratio calculation and analysis must also be adapted to the objective changes in requirements.
( a )" total assets turnover rate"," liquid assets turnover rate" and" non current assets turnover rate" is no longer necessary analysis and calculation
The traditional financial ratios analysis usually requires the calculation of" total assets turnover rate" and" after the decomposition rate of turnover of current assets" and" non current assets turnover rate", the purpose of this two respects, one is to grasp the enterprise assets operation and management effectiveness; on the other hand is easy different accounting between the main overall comparison, because it seems better than each single turnover rate among the more meaningful or more able to describe the problem. If from the traditional point of view, this calculation, analysis and comparison should be said there is no problem. However, with the social economic situation continues to develop and change, the modern enterprise in comparison with the traditional enterprises have many substantive changes, so that the three turnover of the necessity of the existence of a great discount.
First, the traditional enterprise assets structure is comparatively simple. Liquid assets is mainly composed of" cash"," receivables" and" inventory" form, non-current assets are basically is" fixed assets". Compared with the modern enterprise, its assets form in both category and content are in much more complex than the traditional enterprises.
Second, the traditional enterprise income structure is comparatively simple, income is the basic content of business income. Modern enterprise's income than traditional enterprise" rich" many, including not only the business income, including fair value and investment profit.
Therefore, the traditional enterprise income is income is achieved all the assets of the business operation results, both existence is very clear corresponding relation. However the development of society the requirement of modern enterprises have more than the traditional enterprises, to enrich the content of assets, the constant change of economic situation, the assets of the operation with a clear purpose, use different assets to earn different income has become the consensus of modern enterprises.
The question now is, the three turnover rate is not based on business income ( income / total assets, business income and assets, business income, non-current assets ) were calculated and analyzed, in the modern enterprise situation, operating income and assets ( including total assets, liquid assets, non-current assets the causal link ) have been discounted, therefore, based on the revenue of the three turnover rate is now a theoretical meaning but no substantive role; moreover, due to the modern enterprise assets constitute differ in thousands of ways, if using the three turnover in various enterprises undertake overall analysis and comparison, the misleading action is self-evident. Therefore, the author thinks, with the economic and social development and the changing of some of the traditional financial ratios, the cancelled is now represent the general trend, then, cancel" total assets turnover rate"," liquid assets turnover rate" and" non current assets turnover" calculation and analysis, the time is now.
( two) should be added to" share all recognized income" calculation and analysis
" Enterprise Accounting Standards No. thirtieth -- financial statements" the second regulation, financial statements shall at least include: balance sheet, income statement, cash flow statement, the rights and interests of the owners ( shareholders) change statements and notes to the financial statements. In the new accounting standards for business enterprises, the original to the balance sheet of schedule in the form of equity changes form, into the need to balance sheet, profit statement and cash flow statement of disclosure of the fourth financial statements.
This new change is not only in form, from the rights and interests of the owners ( shareholders) of the statement of changes in general framework, embodies the comprehensive income ( also known as the concept of comprehensive income, similarly hereinafter ). From" enterprise accounting standards -- basic principles" and" Enterprise Accounting Standards No. thirtieth -- financial statements", comprehensive income is income, expenses, profits, loss of elements constituted by, but as a report, it can be divided into two parts:
Comprehensive income = ( net income net income, which has been confirmed and revenue, expenses, gains, losses, in the profit table report ) + other comprehensive income ( has confirmed the unrealized gains, losses, in the statement of changes in Equity Report )
Combining with other comprehensive income, not only benefit and loss, net income also gain and loss. The two part of the gains and losses of difference is whether implementation. Net income composition are realized; other comprehensive income composition is only confirmed.
In view of this, as part of a comprehensive income net income has obviously can not reflect the current business of financial performance, and investors are concerned about" EPS" refers to the net income is calculated on the basis of, so will the" EPS" information as a measure of ability of profit of a company 's standard biased. Ken Baer ( 1999) with 73 companies as the sample under study, revealed the presence of large negative comprehensive benefits company; Wu Jinlong ( 2006) with 100 home listed on the New York stock exchange in 2002 and subsequent accounting periods at the end of the year end of the listed companies as the sample of comprehensive income, found 2000, 2002 the United States securities market price the decline will make many company suffered huge unrealised losses, these are available for sale securities unrealized losses are components of other comprehensive income.
A more comprehensive, objective measurement of the gain ability of the enterprise, should be based on comprehensive income idea, add a" share all recognized income index", i.e.:
Share all recognized income = all solutions that benefit / year end total number of ordinary shares
This indicator for investors will undoubtedly have a higher predictive value.