造價師考試《案例分析》教案.doc

第一章 財務評價
財務評價是可行性研究的核心內(nèi)容。它包括：盈利能力分析、清償能力分析和風險分析等內(nèi)容。
盈利能力分析有兩類評價指標，一類是靜態(tài)評價指標，另一類是動態(tài)評價指標。靜態(tài)盈利能力評價指標是指：投資利潤率、投資利稅率和靜態(tài)投資回收期等主要指標。除靜態(tài)投資回收期外，其它兩個指標是通過損益表計算求得。動態(tài)盈利能力評價指標是指：動態(tài)投資回收期、財務凈現(xiàn)值和財務內(nèi)部收益率等主要指標。靜態(tài)投資回收期和動態(tài)盈利能力評價指標是通過現(xiàn)金流量表計算求得；
清償能力分析的評價指標有：國內(nèi)借款償還期、資產(chǎn)負債率、流動比率和速動比率等主要指標。這些指標可以通過資金來源與運用表和資產(chǎn)負債表計算求得。
由此可知，財務評價指標是通過各種表格來完成的。財務評價的基本報表就是：損益表、現(xiàn)金流量表、資金來源與運用表和資產(chǎn)負債表。如果引用外資和進口設備，則還應作外匯平衡表。為了完成損益表和現(xiàn)金流量表，還應先做出還本付息表和總成本分析表。所以，還本付息表和總成本分析表就是財務評價的輔助報表。
風險分析：對投資大的項目除了要做盈利能力分析和清償能力分析外，還要求進行風險分析。風險分析是指：盈虧平衡分析、敏感性分析和概率分析等。
本章五個案例含蓋了以上內(nèi)容。案例一，為總投資構(gòu)成的案例；案例二，為動態(tài)盈利能力分析指標計算的案例；案例三，為靜態(tài)能力分析指標計算的案例；案例四，為抗風險能力分析的案例；案例五，為清償能力分析指標計算的案例。
案例一、主要考核建設項目總投資估算的方法
Chapter financial evaluation
Financial evaluation is the core of the feasibility study. It includes: profitability analysis, liquidity analysis and risk analysis and so on.
There are two types of profitability evaluation, one is a static evaluation, and the other is a dynamic evaluation. Evaluation of static profitability is: Investment profit margin, profit tax and other main indicators of static investment payback period. In addition to the static investment recovery period, the other two indicators are obtained by calculating the income statement. Dynamic profitability evaluation means: dynamic investment recovery period, the financial net present value and financial internal rate of return and other key indicators. Static and dynamic investment recovery period profitability evaluation is obtained through the calculation of Cash Flow;
Liquidity of the evaluation indicators: domestic borrowing repayment, debt ratio, current ratio and quick ratio and other key indicators. These indicators can source and application of funds and balance sheet was used to calculate.
From this, financial evaluation is accomplished through a variety of forms. Financial evaluation of the basic statements are: the income statement, cash flow, source and application of funds and balance sheet. If the reference foreign investment and imports of equipment, you should also make foreign exchange balance. In order to complete the profit and loss account and cash flow statement, you should also make a debt service table and the total cost of the table. Therefore, the total cost of debt service table and the table is the financial evaluation of the supplementary report.
Risk Analysis: In addition to large investment projects do profitability analysis and liquidity analysis, but also require risk analysis. Risk analysis is: breakeven analysis, sensitivity analysis and probability analysis.
This chapter covers the above five cases the content. Case 1, the total investment for the composition of the case; Case 2, analysis of profitability indicators for the calculation of the dynamic case; case of three indicators for the calculation of the static capacity of the case; case 4, the anti-risk ability of the case; case 5, as liquidity of index calculation case.
Case 1, the major construction project total investment is estimated assessment methods
 

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