浅谈杜邦分析法的不足与改进.doc

目录 摘要 I Abstract II 第一章 杜邦分析法的简介 1 1.1 杜邦分析法的简史 1 1.2 杜邦分析法的定义 1 1.3 杜邦分析法应用原理 2 1.4 杜邦分析法理论依据 3 第二章 杜邦分析法的优点与不足 5 2.1 杜邦分析法的优点 5 2.2 杜邦分析法的不足之处 6 第三章 杜邦分析法的改进方案及其在应用中应注意的问题 8 3.1 杜邦分析法的改进方案 8 3.2 改进后的杜邦分析法在应用中应注意的问题 10 第四章 实证分析 12 结论 14 参考文献 15 致谢 16 摘要 杜邦公司首创的杜邦分析法”已经沿用了近一个世纪，而被称作20世纪90年代最重要的管理会计创新的平衡记分卡，它以权益报酬率为核心指标，将反映企业盈利能力、营运能力、偿债能力以及抵御风险能力的各项财务指标有机地联系起来，综合运用比率分析法、比较分析法和因素分析法，深层次、多角度地评价企业的经营业绩及其影响因素。但随着经济与环境的发展、变化和人们对企业目标认识的进一步升华，传统的杜邦体系也暴露出明显的缺陷，尤其是不能从现金流量、发展能力等方面对企业进行分析。鉴于此，本文在借鉴前人研究成果的基础上，系统构建了新的的杜邦分析法，并付诸实证分析。文章首先对杜邦分析体系简要介绍了一下，其次剖析了传统杜邦体系的缺陷，指出对杜邦分析法进行改变的必要性；然后阐述杜邦分析法的改进方案及新体系的优越性，最后运用了一个案例来说明改进后杜邦分析法的实用性和优越性，有效地克服了传统杜邦体系应用的不足，构造了一个崭新的综合财务评价体系。关键词：杜邦分析法缺陷改进 Abstract The Du Pont analysis, which is created by Du Pont Company has been used for nearly a century, so it is called the most important balanced scorecard of the managerial accounting innovation in 1990s. Du Pont System is an important tool of comprehensive financial analysis. Taking Return on Equity ratio (ROE) as its core index, Du Pont System organically combines various indexes such as profitability, management, pay ability, and anti-risk-ability. Making use of ratio analysis, comparison analysis and fact analysis, it can deeply and broadly evaluate one enterprise’s operation performance and the facts which can influence it. In an ever-changing economic environment, traditional Du Pont System begins to show many flaws and disadvantages especially in strengthening internal management. In light of this reason, this paper systematically constructs a new DuPont System and proves it with empirical analysis. In light of this reason, this paper systematically constructs a new DuPont System based on development ability，management accounting and proves it with empirical analysis. After deeply analyzing the flaws of traditional Du Pont System, this paper indicates the importance to establish a new Du Pont System, it argues that ROE has relationship with various elements and the improved system