企业经济
企業經濟
기업경제
Enterprise Economy
2012年
10期
79~81
,共null页
投资决策 现金流量 机会成本 营运资本 所得税
投資決策 現金流量 機會成本 營運資本 所得稅
투자결책 현금류량 궤회성본 영운자본 소득세
investment decisions; cash flow; opportunity cost; working capital; income tax
在项目分析评价中有三个重要参数：一是与项目相关的预期现金流量；二是与项目风险相匹配的折现率；三是投资项目的预计生命期。在投资项目决策中如何分析项目的预期现金流量，是决策中最难且最关键的问题。本文从现金流量与净利润的差别分析入手，深入地探讨了在项目分析评价中进行现金流量分析应把握的要点和注意的问题。
在項目分析評價中有三箇重要參數：一是與項目相關的預期現金流量；二是與項目風險相匹配的摺現率；三是投資項目的預計生命期。在投資項目決策中如何分析項目的預期現金流量，是決策中最難且最關鍵的問題。本文從現金流量與淨利潤的差彆分析入手，深入地探討瞭在項目分析評價中進行現金流量分析應把握的要點和註意的問題。
재항목분석평개중유삼개중요삼수：일시여항목상관적예기현금류량；이시여항목풍험상필배적절현솔；삼시투자항목적예계생명기。재투자항목결책중여하분석항목적예기현금류량，시결책중최난차최관건적문제。본문종현금류량여정리윤적차별분석입수，심입지탐토료재항목분석평개중진행현금류량분석응파악적요점화주의적문제。
There are three important parameters in the project analysis evaluation： the anticipated cash flow related to the project, the discount rate matched with project risks and the expected term of investment projects. It is a difficult and also key problem to decide the way of analyzing the anticipated cash flow of the project in the decision - making of the project. This paper, from the cash flow and analysis of the difference between cash flow and net profit, discusses deeply the key points and matters for attention to make cash flow analysis in the project analysis and evaluation.
