ACCA考试《F3财务会计》讲义辅导47.docVIP

ACCA考试《F3财务会计》讲义辅导47 本文由高顿ACCA整理发布，转载请注明出处 　　Session 19 Interpretation of financial statements Main Contents 　　1. Why interpretation 　　2. Ratios calculation 　　3. Limitations of Ratios analysis 　　19.1 Why interpretation 　　Although financial statements have to be prepared by law for most companies, they are only of real value if useful information can be obtained from them. Having prepared the financial statements it is necessary to study them and to draw conclusions from them about a company’s affairs. 　　Such analysis is one obvious concern and value to the company’s own management. 　　Recall users of financial statement information 　　Investors Investment decisions- Stewardship and investment, future 　　Buy, hold or sell shares prospects 　　Lenders and suppliers Loan securityand ability to Profitability, liquidity and 　　Meet loan repayments and future asset security 　　Pay for suppliers 　　EmployeesJob security, wage and Profit and future prospect 　　Benefit negotiations analysis of expenditure 　　Customers Continuity of product and Future financial viability 　　Or service supply 　　Governments Tax collection, compliance Various 　　And policy formulation 　　Internal management Effectiveness of resource Resources performance 　　Allocation and long-term measurement 　　Planning 　　Other usersVarious Various 　　These users have a variety of information needs and the importance they will attach to different areas will also vary. These are some basic areas in which most users will be interested: 　　a.Profitability 　　b.Liquidity/ working capital 　　c.Gearing 　　d.Investor returns 　　Interpreting financial statements usually includes comparison- that of one company with another or for the same company over a period of yearsto examine performance and trend. Other comparisons may include those on an interim basis, with published industry average figures. 更多ACCA资讯请关注高顿ACCA官网： 高顿财经ACCA