会计专业外文翻译---财务报表分析要素(编辑修改稿)

会计专业外文翻译---财务报表分析要素(编辑修改稿)内容摘要：

Financial Analysis techniques such as ratio analysis and mon size financial statements can provide valuable insight into a pany’s operations, risk characteristics, and valuation beyond what is readily apparent by examining raw data. When data is presented analytically, differences across time periods, interrelationships of financial statement accounts and parisons among panies, are more easily understood. An effective analysis enpasses both putations and interpretations. A well reasoned analysis differs from a mere plication of various pieces of information, putations, tables, and graphs by integrating the data collected into a cohesive whole. Analysis of the past performance, for example, should address not only what happened but also why it happened and whether it advanced pany’s strategy. Some of the key questions to address include:  What aspects of performance are critical for this pany to successfully pete in the industry?  How well did the pany’s performance meet these critical aspects? (This is established through putations and parison with appropriate benchmarks, 2 such as the pany’s own historical performance or petitors’ performance.)  What are the key causes of this performance, and how would this performance affect the pany in the future?  What is the likely impact of trends in the pany, industry, and economy on the future cash flows?  What are your remendations as an analyst? Financial Analysis Techniques The following techniques can help you in achieving the overall objective of financial statement analysis of the panies. 1. Ratio Analysis Ratio analysis is the calculation and parison of ratios which are derived from the information in a pany39。 s financial statements. Financial ratios are usually expressed as a percent or as times per period. a) Liquidity Ratios Liquidity ratios measure a firm’s ability to meet its current obligation。