What does financial analysis based on value management mean

The core of financial management is money management. Fundraising, investment, and income are inseparable from the effective use and sound management of funds.

Fund-raising is a financial activity that raises funds through certain channels and in an appropriate manner, and is the primary link of financial management. The focus of fundraising is on the use of financial leverage, capital structure and cost of financing. The first two points are easier to understand, and there is very little research on financing costs in China, especially in China's national conditions, which are basically state-owned banks, and the interest rate difference is not large, so it is not much concerned by the spine.

But Americans don't think so, as the world's top 500 in 2010, Wal-Mart's borrowing liabilities are 0, and his liabilities are all accounts payable or accounts receivable, so Wal-Mart's cost of capital is almost 0.

Investment refers to the process of converting money into capital, which involves the accumulation of property for future gains. The key word here is the difference between capital and capital, which is also the earliest accounting system in China is called ** capital or **, and now it is changed to ** capital, which is a qualitative leap in understanding. Funds are static and cannot bring a constant inflow of benefits; Capital is dynamic, and its flow can lead to the inflow of capital (delta, i.e., value added).

The concept of earnings in accounting is called accounting earnings. According to the traditional view, accounting income is the difference between the realized revenue and the corresponding expenses from transactions during the business period. Economists understand earnings as an ingenious argument for an increase in real material wealth, and accountants believe that the difference between the value of output and the value of input is gain.

Not to mention the academic controversy, as far as the income is concerned, it is the lifeline of the enterprise, and without the profit, the enterprise has no need to exist, and it is impossible to survive. The most important thing here is to manage and use the funds well.

Therefore, the core of financial management is capital management, and capital is the starting point and destination of financial management.

A management model that maximizes shareholder value.

1. Growth analysis.

1) Revenue growth analysis.

2) Income structure analysis.

3) Revenue driver analysis.

4) Operational policy evaluation.

2. Profitability analysis.

1) Cost structure analysis.

2) Business model analysis.

3) Profitability analysis.

3. Cash flow analysis.

1) Cash flow analysis of operating activities.

2) Financing analysis.

4. Risk analysis.

1) Accounts receivable analysis.

2) Inventory analysis.

Right. Financial management is about the acquisition, financing and management of assets under certain overall objectives. Due to this, the decision-making function of financial management can be divided into investment decision-making, financing decision-making and asset management decision-making.

Enterprise financial management is a kind of value management, which mainly acts on the production and operation of enterprises through the management of value movement.

Process. This is also the basic feature of financial management that distinguishes it from other forms of enterprise management. in a market economy.

Under these conditions, financial management has always been a basic economic management activity of enterprises. The status and role of financial management in enterprise management have gradually been shown and recognized. The financial management of the enterprise as the center can show the interests of the enterprise management, which reflects the ultimate purpose of the enterprise management of the early school.

At the same time, through the financial management of the enterprise, it can directly reflect the changes in the environment of enterprise management and achieve the balance of the interests of the enterprise interest group.

1. There are three views on the objectives of corporate financial management: profit maximization and earnings per share maximization, enterprise value maximization or shareholder wealth maximization, and stakeholder value maximization.

2. Evaluation of different theories of financial objectives Evaluation of financial objectives of profit maximization Evaluation of financial objectives of maximizing shareholder value Evaluation of financial objectives of stakeholder value maximization 3. Further analysis of financial objectives Different business natures have different financial objectives The relationship between financial objectives and corporate objectives The overall financial objectives are the result of the coordination of the interests of all parties in the enterprise. For a long time, scholars have put forward a variety of financial goals from different perspectives. This issue has always been a controversial issue in the theoretical community.

The author believes that dividing financial objectives into overall financial objectives and specific financial objectives can largely resolve this controversial issue. The reason is that the enterprise should determine the overall financial goal according to its own different circumstances and through the coordination of all parties, so the overall financial goal may be to maximize shareholder value or maximize relevant stakeholders. The overall financial goal, there is no absolutely unified standard of what kind of financial goal the enterprise should have, it is optional.

The overall financial goals should be consistent with the economic goals of the enterprise and serve the development strategy of the enterprise. The specific financial goal can only be to maximize financial results and optimize financial position. This is determined by the characteristics of the financial management work itself, and the overall financial goals of the enterprise can only be achieved if the specific financial goals are achieved.

Therefore, from the perspective of specific financial goals, financial goals are not selective, and can only maximize financial results and optimize financial conditions. Financial objectives are divided into overall financial objectives and specific financial objectives, which are of great theoretical and practical significance to help enterprises better realize their development strategies and corporate goals.

Which financial data or indicators play a more important role in enterprise value management?

Enterprise value management refers to the management of tangible assets and intangible assets of enterprises.

The tangible assets of the enterprise are in the financial data, such as cash, bank deposits, inventory, receivables, payables, loans, work-in-progress, raw materials, fixed assets, etc., and in modern management, high-end talents of the enterprise are also listed as the tangible assets of the enterprise.

The intangible assets of the enterprise are in the financial data, such as trademarks, intellectual property patents, etc.

If there is a financial management indicator that enhances the value of a company, intangible assets, i.e., trademarks and intellectual property patents, are more important. The development of science and technology, the core technology of industry products, is the value of the enterprise.