财务报表分析 英文

FINANCIALMANAGEMENTSKILL财务管理技能2015年09月12日AaronWang22议题-AGENDA导言及基本概念IntroductionandBasicConcepts资产负债表-BalanceSheet损益表-Profit&Loss现金流量表–CashFlowStatement基本财务比率及报表评价–BasicFinancialRatiosandFinancialStatementEvaluation投资评价初步BasicInvestmentAppraisal结束部分-Conclusion33IntroductionandBasicConcepts导言及基本概念IntroductionandBasicConceptsIntroductionFinanceOrganizationFinanceActivityOthertopics44Thistrainingwillallowyoutounderstand：FinanceFunctionConceptofFinancialKPIs(Revenue,DM,DL,VOH,FOH,SG&A,OI,OCF,EBITDA,DOH,DSO,DPO,Incremental,etc.)BS,P&LandCashFlowStatementsConceptsofFinancialStatementEvaluationandInvestmentAppraisalIntroductionandBasicConcepts55MinimizeWorkingCapitalMaintainStrongCashFlowPayDebtsAsTheyAreDueIncreaseLiquidityMaintainStrongFinancialPositionIncreasedReturnOnInvestmentReducedCostsIncreasedSalesIncreasedGrowthRateGenerateIncomeAndProfitCurrentProfitIncreaseCurrentProfitIncreaseIncreaseOfReturnOnInvestmentIncreaseLiquidityMinimizingCapitalExpendituresMeetingTheDay-to-dayBusinessNeedsVersusVersusVersusVersusWhileWhileCurrentSalesIncreaseSalesGrowthSalesGrowthCurrentProfitIncreaseGrowingTheBusinessReducingCosts“Ifwecannotmeasure,wecannotimprove”IntroductionandBasicConceptsGoaloftheFirm66IntroductionandBasicConcepts导言及基本概念IntroductionandBasicConceptsIntroductionFinanceOrganizationFinanceActivityOthertopics77AVPofFinanceAsiaPacificISr.Mgr.-TreasuryAsiaPacificJTreasurySupervisorAsiaPacificKTreasuryAnalystAsiaPacificEManager-CADAAsiaPacificFFin.PlanningAnalystAsiaPacificGManager–ISSCSuzhouChina(Teamof25)HDirector–ISSCPuneAPRegion(Teamof50)PDirectorofFinanceNorthAsia(Teamof5)QCountryControllerIndia(Teamof5)RFinanceManager(20%)TaiwanSTaxManagerAsiaPacificMTaxManagerAustralia/NZ&SEANTaxManagerNorthAsiaOTaxManagerIndiaLDirector–Int’lTaxAsiaPacificCCorp.AccountAustralasia/SEAsiaDCountryControllerSingapore/MalaysiaBDirectorofFinanceAustralasia/SEAsia•Regionalcapabilitieswithlocaltalentleadingtoorganizationalcapacityandsignificantsavings.IntroductionandBasicConceptsAsiaPacificCorporateFinanceOrganization88AFinancialControllerBFinAccountingManagerGFPAandCostingManagerHFPA&FACAPAcctDARAcctFGLandTaxICostingsupervisorJCostAccountantECashierandT&EKStatisticianLFLDPSZFinOfficialH/C:12FLDP:1Fincontroller:1Manager:2Financialanalyst:1Accountant:5CashierandT&E:1Statistician:1IntroductionandBasicConceptsPlantFinanceStructure99IntroductionandBasicConcepts导言及基本概念IntroductionandBasicConceptsIntroductionFinanceOrganizationFinanceActivityOthertopics1010IntroductionandBasicConceptsAccountingBooking(AP,AR,GL,FA)TaxationStatutoryReportingGroupReportingControllingCostingReporting(FP&A)InternalControl(SOXandCSA)PolicyandProcessOptimizationControlleristheonewhoclosethedoor!1111IntroductionandBasicConceptsBusinessPartnership•Vision•Strategy•Budget•ForecastOthersTreasuryM&ARiskManagementInsuranceAuditingComplianceHedging….1212IntroductionandBasicConcepts导言及基本概念IntroductionandBasicConceptsIntroductionFinanceOrganizationFinanceActivityOthertopics1313•E.g.FixedAssets1.Transaction2.F/S•MonthlyclosingchecklistIntroductionandBasicConceptsFinancialStatementProcessDebitsexpensesassetsCreditsrevenueliabilitiesowner’sequity1414StrategicPlan(annualprocessFebtoJun)5yearprojectionsforSales&CapitalSpendingand3yearprojectionforOperatingProfitProfitPlan(annualprocessSepttoDec)Byledger,completeP&LandB/Sforecastbymonth)IncludesCostofQuality,CostSavingsandEconomicsprojectionsRollingForecast(doneeachmonth)Byledger,completeP&LandB/SforecastbymonthIncludesCostofQuality,CostSavingsandEconomicsprojectionsFinalResultsByledger,completevariancereportingtoforecast(closein3workdays)•Resultsarereportedbylocation,byregion,bybusiness,bysectorandthentotalcompany.IntroductionandBasicConceptsPlanning&ReportingOverview1515OperatingResults–IncomeStatementActualForecastVarianceSales$250.0$242.0$8.0StandardProfit$83.5$81.5$2.0%ofSales33.4%33.7%-0.3%ManufacturingProfit$83.0$81.7$1.3%ofSales33.2%33.8%-0.6%Distribution($10.0)($9.8)($0.2)Admin($12.0)($12.5)$0.5Selling($9.0)($9.0)$0.0R&D($7.0)($7.5)$0.5TotalSupportCosts($38.0)($38.8)$0.8%ofSales15.2%16.0%-0.8%OtherInc/Exp($2.0)($1.8)($0.2)Admin/CapCharge($4.0)($4.0)$0.0OperatingProfit$39.0$37.1$1.9ROS%15.6%15.3%0.3%1616OperatingResults–IncomeStatement“IsolatingFXvs.Performance”ResultsActualForecastVarianceFXTranslationVariancePerformanceVarianceSales$250.0$242.0$8.0$5.0$3.0StandardProfit$83.5$81.5$2.0$1.5$0.5%ofSales33.4%33.7%-0.3%30.0%16.7%ManufacturingProfit$83.0$81.7$1.3$1.3($0.0)%ofSales33.2%33.8%-0.6%26.0%0.0%Distribution($10.0)($9.8)($0.2)($0.1)($0.1)Admin($12.0)($12.5)$0.5($0.2)$0.7Selling($9.0)($9.0)$0.0($0.1)$0.1R&D($7.0)($7.5)$0.5($0.1)$0.6TotalSupportCosts($38.0)($38.8)$0.8($0.6)$1.4%ofSales15.2%16.0%-0.8%11.0%OtherInc/Exp($2.0)($1.8)($0.2)($0.1)($0.1)Admin/CapCharge($4.0)($4.0)$0.0$0.0$0.0OperatingProfit$39.0$37.1$1.9$0.7$1.2ROS%15.6%15.3%0.3%13.0%41.7%Incremental1717议题-AGENDA导言及基本概念IntroductionandBasicConcepts资产负债表-BalanceSheet损益表-Profit&Loss现金流量表–CashFl