Read a balance sheet from this 3 respects, one step by step newspaper of money of have a thorough gr

Attend section class, I introduced the basic frame of financial analysis to you from whole. You should know what cries " 4 watches are noted " , what cries " 3 big lists " . You still should know, it is OK to learn financial analysis to want a few general knowledges only introduction.

But, want to become more professional investor, we are expressed to every pieces deep even, study every subject. Today this class, we begin from the balance sheet, bit by bit have a thorough grasp of financial forms for reporting statistics.

Our country asks to appear on the market the company should publish financial forms for reporting statistics every year according to the quarter, so money signs up for general component to be: One quarterly reports, half an year signs up for (the newspaper in perhaps crying) , 3 quarterly reports, annals 4 kinds.

No matter be relatively simple quarterly reports, still compare detailed annual report, general metropolis announces flow meter of watch of balance sheet, profit, cash at least this 3 big lists.

Every forms for reporting statistics, can publish parent company forms for reporting statistics and amalgamative forms for reporting statistics at the same time again, for instance parent company balance sheet is mixed amalgamative balance sheet.

What is there to distinguish between them?

Parent company, it is to point to commonly appear on the market company, reflective is to appear on the market the management circumstance of firm this department.

And amalgamative forms for reporting statistics, not be an actual legal principal part, however appear on the market firm this department and subsidiary, the management circumstance after Sun Gong department incorporates entirely. And, after incorporating, the meeting is quits these parent subsidiary, the investment between descendants company, trade to concern with creditor's rights debt.

A lot of appear on the market the cadre of the company, it is one accuses a platform only, major management manages in subsidiary and Sun Gong, what so investor concerns truly is the data of amalgamative forms for reporting statistics.

After divisional and amalgamative forms for reporting statistics and parent company forms for reporting statistics, the our reentrance study to the balance sheet.

Pass the study that attends section class, we knew, the balance sheet is to use reflective company to be nodded when some is specific, capital origin and capital use the forms for reporting statistics of the state.

Straight white spot says even if, carry a balance sheet, the family property accumulated over a long time that you can know a company after all thick.

Taking this doubt to set out, we see the structure of the balance sheet above all:

Carry this list, you can discover, the left of the watch is asset, right is indebted and possessory rights and interests.

What is there to concern between them?

You should notice, the first important formula appeared here, namely identity of so called accountant:

This very good understanding, you should remember only: Express left " asset " , represent the place of money. Express right " indebted reach possessory rights and interests " , represent the source of money, went.

The place to go of capital, no more than is workshop, equipment, goods in stock, cash is waited a moment. According to what kind of order should weave so these course? Observe a balance sheet carefully, you can discover, liquid assets is advanced, after be not liquid assets to be in, the consideration that what spy is fastened is this? It is some of course. The rule is: Change to exceed fast asset now, before put position leans more. So, the monetary fund in liquid assets, trade sexual finance capital put in foremost face. And change to compare slow blame now liquid assets, like fixed assets, in build project, intangible assets to wait to was put to be from the back.

Capital or is borrowed, or is partner investment. Indebted relevant course weaves according to the urgent pitch of reimbursement, before jumping over what discharge urgently to lean more. And part of possessory rights and interests, it is according to " reliable " degree will arrange, capital stock, registering capital namely is the most reliable, it is with respect to the platoon in front. From the back ordinal it is capital fair accumulate, surplus is public indigestion etc.

Generalizing the content in front is, about the balance sheet, we should master two basic knowledge to nod:

One is: Asset = is indebted + possessory rights and interests.

Another is: The course of the balance sheet is arranged according to the order of liquidity volume.

You should ask possibly, why should weave according to this orderly?

Because,this is, the service with financial the earliest forms for reporting statistics resembles a bank to seeming such creditor. Creditor people what care most is you still can get on my money, can pay close attention to particularly so, your what assets goes now fast? The comparison that what debt wants is urgent?

The thinking means of creditor, guard quite commonly, more pessimistic, they can go to the thing wanting toward worst circumstance.

To our investor, the way that sees forms for reporting statistics is about to be distinguished somewhat with creditor of course. In the course in front, I once had said to you, investor is more hopeful actually, of the care is the future of the enterprise.

So, I can distribute the balance sheet commonly for 4 parts, it is respectively:

1, monetary fund, this very good understanding, it is the ready money that can take immediately on company account.

2, manage relevant asset and indebted, namely with run relevant a few course daily, include: Receivable Zhang money, imprest Zhang money, handle Zhang money, receive Zhang fund beforehand, goods in stock is waited a moment.

3, the asset related production and indebted, ensure a few headings in an account book that the company produces normally namely, include: Fixed assets, in build a project, intangible assets, business praise wait for course;

4, the asset related investment and indebted, include: Trade sexual finance capital, can wait a moment for selling estate of sex of financial capital, investment.

Through so one classification, when we are seeing financial forms for reporting statistics, can clutch key, have a definite object in view.

Finally, I fall to your introduction again, next our main research target. The level that I choose is:

1, famous degree tall: Understand for the sake of making everybody better.

2, advocate line of business is clear: For the sake of better will analyse business case through financial data.

3, appear on the market time is long: For the sake of can be being gotten enough much financial data.

4, have representative: Of the bid that I choose enclothe different style as far as possible, disparate industry.

5, have a characteristic quite: I can choose good company already, also can choose a few finance affairs to create false company.

According to above 5 standards, I chose the following bid:

In consumption in, what I choose is Guizhou Maotai and division power electric equipment.

In grow in, what I choose is division big question flies, happy inspect a net.

In finance in, what I choose is medium letter negotiable securities and China are restful.

In cycle in, what I choose is Chinese god China, ji Dong cement.

I still chose a few finance affairs to create false company, for instance Er health pharmacy, divine mist is energy-saving, divine mist environmental protection, river deer island is waited a moment.

Additional, I still can mention a few more interesting companies that I experience personally, resemble Lanzhou Yellow River, in Zhuhai rich etc.

Before hoping you are beginning the course from the back, can go " network of gigantic current information " the annals that downloads above company nearly 3 years, manage a case basically what understand them. Additional, still can pass Wind the financial forms for reporting statistics that Oriental perhaps fortune downloads above company nearly 5 years, trying to have a look, how much can you understand?

Classroom brief summary

Learn today's course, you must understand the following content:

1, the financial forms for reporting statistics that we say, basically be to point to amalgamative and financial forms for reporting statistics, is not forms for reporting statistics of parent company finance affairs.

2, of the balance sheet weave, basically be the fluidity with asset, indebted basis will differentiate early or late of order.

3, as investor, we differentiate the balance sheet commonly for: Monetary fund, manage relevant asset and the asset related indebted, production and indebted and the asset related investment.

4, finally, I still introduced a few companies that we analyse mainly to you, and the method that searchs relevant data.

Begin from class playing a part, we are about to undertake was analyticed to real case, your ready-made?