chap007CashFlowAnalysis(财务报表分析,台湾中兴大学).pptxVIP

7CHAPTERCash Flow AnalysisMcGraw-Hill/Irwin? 2004 The McGraw-Hill Companies, Inc., All Rights Reserved. Statement of Cash Flows Relevance of Cash FlowsCash Defined refers to cash and cash equivalents.Cash equivalents are shortterm, highly liquid investments that are (1) readily convertible to known amounts of cash, and (2) near maturity (typically within 3 months) with limited risk of price changes due to interest rate shifts. Statement of Cash Flows Relevance of Cash FlowsCash is the beginning and the end of a company’s operating cycle.Net cash flow is the end measure of profitability.Cash r