改、扩建项目财务评价中现金流量的识别

Identify of Cash Flow in Finance Appraisal of Reconstruction and Expansion Projects

对改、扩建项目财务评价中如何准确识别现金流量进行了论述,阐述了在改、扩建项目财务评价过程中,对于一些实际遇到的情况,如沉没成本、机会成本、关联效应、分摊费用以及报废资产等,在现金流量识别时如何去处理所进行的分析。对于改、扩建项目要遵循“有无对比”的原则进行增量分析,即通过对“有项目”和“无项目”两种情况费用和效益的比较,求得增量的费用和效益数据,从而来确定增量的现金流入和现金流出。

This paper discusses how to identify the cash flow correcdy in finance appraisal of reconstruction and expansion projects, expounds how to deal with some actual situations in identifying cash flow in the process of finance appraisal of reconstruction and expansion projects such as the submersion cost, the opporunity cost, the connection effect, the apportionment of expense and discards property and so on. The appraisal of reconstruction and expansion projects must follow the principle of ＂whether there is contrasts＂ to carry on the increment analysis, that is via compare expenses and benefits of ＂has the project＂ and ＂does not have the project＂ two kind of situations, obtains the increment expense and benefits data, then determines the increment of cash inflow and outflow. What needs to pay attention to is that the management expenses and benefits at present of enterprise may be increased and also may be reduced because of the project implementation, we must analyze and distinguish carefully.