现金流量表对投资者决策的实用性分析.doc

摘要:现金流量表作为反映企业一定会计期间内现金和现金等价物流入和流出信息的会计报表，是投资者进行科学投资的重要信息资源。通过对现金流量的结构、企业的偿债能力、支付能力、获取现金的能力、收益质量、企业发展能力等方面各主要指标的分析，可以了解企业资产的流动性，判断和正确评价企业的财务状况，预测企业未来的现金流量，帮助投资者进行正确的理性投资。作为反映企业一定会计期间内现金和现金等价物流入和流出信息的现金流量表，包含一个企业重要的会计信息，是会计信息使用者对企业进行财务分析的重要内容。通过对现金流量表的各个项目现金发生状况的构成分析，既可以了解企业现金的来龙去脉和现金收支构成情况，评价企业经营状况，更是投资者做出正确投资决策的重要信息资源。

关键词：现金流量表；现金流量结构分析；企业偿债能力；企业支付能力

Abstract:The cash flow indicator took reflection enterprise certain accountant in period the cash and the cash equivalent flows in accountant who and flows out the information the report form, is the investor carries on the science investment the important information resource.Through to the cash current capacity structure, enterprise's debt redemption ability, payment ability, gain cash ability, the income quality, the enterprise develops aspect each major targets or quotas and so on ability analyses, may understand the enterprise property the fluidity, the judgment and the correct appraisal enterprise's financial condition, forecast the enterprise future the cash current capacity, will help the investor to carry on the correct rational investment .As reflection enterprise certain accountant in period the cash and the cash equivalent flows in and flows out the information the cash flow indicator, contains an enterprise important accounting information, is the accounting information user carries on the financial analysis to the enterprise the important content. Through has the condition constitution analysis to the cash flow indicator each project cash, also may understand the enterprise cash the long and short of the story and the cash revenue and expenditure constitution situation, the appraisal enterprise management condition, is the investor makes the correct investment decision-making the important information resource.

Keywords ： cash flow table keywords ；  cash flow structure analysis of keywords；  Enterprise solvency keyword ；   Enterprise the ability to pay

现金流量表是有特殊重要性的会计报表。其特殊重要性主要体现在企业可依据现金流量表提供的信息,进行多层次、全方位的分析,为经济决策提供支持。企业要使其特殊重要性转变为特殊有用性,必须结合自身决策的需要,在正确阅读和理解的基础上,有针对性的进行分析,在分析时,除进行定量分析与定性分析外,还应考虑社会环境变化及企业会计政策对现金流量表信息的影响,以消除决策分析的不利因素。