Why the national economic benefit assessment follows the financial benefit assessment

Ask the project evaluation teacher.

Financial Evaluation and the National Economy.

The differences in reviews are as follows:

1. Financial evaluation: It means that the financial evaluation of the enterprise starts from the analysis of the financial risk of the enterprise, evaluates the capital risk faced by the enterprise, and evaluates the reasons and process of its formation;

2. The national economy refers to the whole of the social production sector, the circulation sector and other economic sectors in front of the sedan within the scope of a modern country;

3. Different evaluation angles. The financial evaluation is to examine the project's monetary income and expenditure, surplus status and loan repayment ability from a financial perspective; The national economic evaluation is to examine the cost of the project and the contribution to the country from the perspective of the country as a whole, and determine the economic rationality of the investment behavior;

4. The meaning and scope of project costs and benefits are different. Financial evaluation is to determine the benefits and direct costs of the project based on the actual income and expenditure of the project; The national economic evaluation is based on the benefits brought by the project to the country, and the benefits and costs of the project are examined;

5. The ** used in the evaluation is different. Financial evaluation uses financial ** for inputs and outputs; The national economy is evaluated using shadows**.

Formulate corresponding and feasible long-term and short-term risk control strategies, reduce or even eliminate risks, and make the enterprise healthy and eternal. Financial evaluation is from the perspective of the enterprise, the use of the market, according to the current national fiscal and taxation system and the current system, analysis and calculation of the financial benefits and expenses directly incurred by the project, the preparation of financial statements, the calculation of financial evaluation indicators, and the investigation of the profitability of the project.

Solvency and foreign exchange balance, etc., to determine the financial viability of the project.

The two evaluations can sometimes lead to opposite conclusions. For example, the raw materials used in a project can be exported, and its products can also be exported. Because the domestic ** of the raw material ** is lower than the international market**, and the domestic ** of its products is higher than the international market**, from the financial evaluation consideration, the company's profits are very high, and the project is feasible; If the national economy is evaluated, using the shadow of the international market**, the project may not contribute so much to the national economy.

National economy. The difference between an appraisal and a financial appraisal is as follows:

1. The angle of evaluation is different. Financial evaluation is to evaluate the profitability and repayment ability of the project from the perspective of the enterprise; National economic evaluation is to evaluate the contribution of the project to the national economy from the perspective of the country as a whole;

2. The composition and scope of benefits and costs are different. The financial evaluation adopts direct benefits and direct costs, which can be measured; The national economic evaluation uses direct or indirect benefits and costs;

3. The parameters used are different. The financial evaluation adopts the current market ** and industry benchmark rate of return.

official exchange rates; The national economy is evaluated using shadows**.

social discount rate, shadow exchange rate;

Extended information: 1. Different decision-making bases. Financial evaluation is the basis for enterprise decision-making, and national economic evaluation is the basis for national decision-making.

1) The national economic evaluation is the core part of the economic evaluation of the project. It examines the benefits and costs of the project from the perspective of the country as a whole, and examines the national economic system including the project, and calculates the indirect benefits and indirect costs of the project in addition to the direct benefits and direct costs of the project.

i.e. the external effects of the project;

2) Financial evaluation is based on the current national fiscal and taxation system and the best system, analyze and calculate the financial benefits and costs of the project, prepare financial statements, and calculate financial indicators.

Inspect the financial status of the project, such as profitability and micro-cleaning ability. to determine the financial cultivability.

Second, the content of the evaluation is different. The content of financial evaluation mainly includes profitability analysis.

and solvency analysis, and if necessary, foreign exchange balance analysis should also be carried out, while the national economic evaluation only conducts profitability analysis and foreign exchange effect analysis, and does not need to conduct solvency analysis.

There are two aspects to financial evaluation:

The first is profitability analysis, and the second is solvency analysis, that is, it is necessary to analyze the tightness of the project's financial revenue and expenditure budget and analyze the project's ability to repay loans. The evaluation of the national economy only has profitability analysis, that is, only the analysis of economic efficiency, not the analysis of solvency.

3. What the two have in common:

1) The purpose of the evaluation is the same.

Both national economic evaluation and financial evaluation seek to achieve maximum output with the least input.

2) The evaluation basis is the same.

The national economic evaluation and financial evaluation are all in the completion of the product demand, engineering and technical schemes, financing and other feasibility studies.

on the basis of evaluation.

3) The evaluation methods are similar. Both use the cash flow analysis method, which calculates the net present value, internal rate of return by preparing financial statements.

and other indicators.

The relationship between national economic evaluation and financial evaluation is described as follows:

Financial evaluation and national economic evaluation are linked, and there are both similarities and differences between them.

a. The common point between financial evaluation and national economic evaluation is that the purpose of evaluation is the same. Both look for the best way to get the most out with the least input.

The basis for evaluation is the same. Both are carried out on the basis of completing the analysis of the mineral resources situation, geological exploration, mining and selection plan demonstration, investment estimation and fund raising.

The method of basic analysis is similar to that of the calculation of the main indicators. Both use the cash flow analysis method to calculate indicators such as net present value, internal rate of return, etc., through basic statements.

b. The difference between financial evaluation and national economic evaluation is:

The evaluation angle is different. Financial evaluation is to examine the financial profitability of the development of ore deposits from a financial point of view; The evaluation of the national economy is to examine the economic rationality of the development of mineral deposits from the perspective of the state and the whole society.

The meaning and scope of costs and benefits are different. Financial evaluation is based on the financial income and expenditure directly incurred by the enterprise to calculate the cost and benefit of the project; National economic evaluation examines the costs and benefits of a project based on the useful resources it has consumed and the useful products (including services) it provides to society.

Costs and benefits are not calculated**. The financial evaluation uses the current financial ** to calculate the cost and benefit, and the national economic disadvantage evaluation uses the shadow ** that can reflect the true value of the resource to calculate the cost and benefit.

The criteria for evaluation are different. The main criterion for financial evaluation is the industry benchmark rate of return, and the criterion for the evaluation of national economic leasing is the social discount rate.