资金营运中现金流量的功能分析

The Functional Analysis of the Cash Flow in the Capital Working

营运资金分析的关键,在于能够全面揭示企业筹资、经营及投资活动中资金流量的相关信息。营运资金流动信息量与界定资金流量计量基础直接相关,不同性质资金所包括的经济内涵不同,其流动过程中提供相关信息的功能作用也不同。现行会计报表体系是以营运资金本身作为流量基础进行分析的,由于营运资金范畴大于"现金"范畴,所以在提供信息量以及判断企业偿债能力、获利能力方面,其适应性和相关性都不如"现金"更强,更广泛。若从相关会计指标的逻辑关系角度进行推导,并说明现金流量在现金营运分析中所能提供一系列相关经济指标的联系和变化,即可证明现金流量对资金营运分析具有不可取代的功能作用。

The key to the analysis of working capital lies in fully disclosing the relative information of the cash flow in enterprise's financing, running and investment. The information volume of working capital has direct connection with the calculating basis of the definition of the capital volume. Different capital comprises different economic implication, so the function providing relative information is different in the process of capital working. Current accounting statements are analyzed with the working capital itself as the volume basis. Since the scale of the working capital is larger than the scale of 'cash', the adaptability and relativity of working capital are not as strong and not as wide as the'cash' in the respect of providing information volume and judging the enterprise's ability of solvency and profit earning. If deduced from the logical relationship of the relative accounting index, and explain the connection and change of a series of related economic indexes, we can demonstrate that the cash flow has indispensable role in the working capital analysis.