财务基础知识Finance Fundamental knowledge,.pptVIP

Operating Capital营运资本 Current Assets 流动资产 + Accounts receivable 应收帐款 + Inventory 存货 + Work in progress 在产品 + Advances to Suppliers 预付供应商货款 Fixed Assets 固定资产 + Machinery and equipment 机器设备 + Intangibles 无形资产 Short term liabilities Provisions 短期负债和预提 - Operating provisions 预提费用 - Accounts Payable 应付帐款 - Accrued Expenses 预提费用 - Advances from Customers 预收客户货款 = Capital Employed (Operating Capital) =营运资本 Operating capital is those capital needed to run the company 营运资本是指经营一家公司所需要的日常资本 Operating Capital shall be minimized (optimized) 营运资本应该最小化（最优化） Short credits to customers 缩短客户收款周期 Lower level of inventory 降低存货量 Long credit time to suppliers 延长供应商付款周期 Customer Advances 提前向客户收款 Statement Analysis财务报表分析 Horizontal 平行法 Examples 举例 销售收入 成本 毛利 管理费用 销售费用 营业利润 指数 Statement Analysis财务报表分析 Vertical 垂直法 Example 举例 销售收入 成本 毛利 管理费用 销售费用 营业利润 销售% Q A * Slide should be on when participants enter the conference room General Hints for a successful seminar: Each slide has been thought carefully and based on the experience so farthis is the best flow we came to to have successful sessions. We would advise not to change too much the order. Keep SIMPLE FOCUSSED! Focus on the One or Two messages per slide and try not to dilute with extra complexity. There is no need to be too sophisticated on certain concepts (avoid talks about WACC for example) Try to tie back to concrete example as much as possible so that the participants can identify the learning point to their own situation: for example, an small example to illustrate the impact of working capital on the cash flow: in their own private economy, if they have a credit card that they decide to pay off, then what happens? The A/P goes down ? the cash goes down as well ? negative cash flow impact, etc….. * Give them a flavour of what’s going to come: B/S, P/L, Cash flow and related ratios ROC… NPV, payback … Talk about the simulation, etc…. * * * * * Ask them to name the 3 financial reports. Then s