Company financial w88 mobile and company w88 mobile arrive at the same end by different paths

Interview with Professor Qian Aimin, Vice Dean of the w88 casino of International Business, w88 casino

(Source: "China Business News"2014-6-9 B7version)

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Listed companies are the cornerstone of the capital market. The development of China's economy depends on the improvement of corporate competitiveness, and to maintain the vitality of China's economy, more high-w88 mobile blue-chip listed companies are needed to achieve high-w88 mobile development through the capital market. inProfessor Qian Aimin, Vice Dean of the w88 casino of International Business, w88 casinoIt seems that the quality of listed companies reflects the comprehensive results of the company's management and governance activities, including corporate governance characteristics, institutional norms, management activities, economic consequences, governance effects and other factors, which can be ultimately reflected in financial quality. Financial quality covers a relatively wide range, among which the most important and direct (i.e. the easiest to quantitatively examine) should be the quality of an enterprise's financial status revealed through financial statements. In this regard, the systematic study of the financial (status) quality of enterprises is a major research feature of the accounting discipline of the Business w88 casino of the w88 casino, and its results are especially inMBAandEMBAIt attracted quite a lot of attention in class.

As for how to evaluate the w88 mobile of listed companies, Professor Qian Aimin believes that from the perspective of protecting the interests of investors, the most important issue is that investors can correctly judge and evaluate the intrinsic value of the company. However, due to the long-term lag in understanding of corporate financial w88 mobile, when evaluating the w88 mobile of listed companies, more attention is paid to the w88 mobile of accounting information and some basic financial indicators, rather than the true financial w88 mobile of the company.

For example, behind the net profits in some listed companies' statements is hidden support from the government, including tax incentives. The root cause of turning losses into profits is earnings management and government footing. The reason for the rapid expansion of asset scale is the numbers game in large-scale mergers and acquisitions, etc. It can be seen that if the economic essence behind the accounting statement data is not analyzed, the financial analysis conclusions will prompt investors, creditors, business operators, the public, competitors and other stakeholders to "overgeneralize" or even make wrong decisions, affecting the optimal allocation of social resources.

The w88 mobile analysis of corporate financial status based on financial statements can be regarded as a product with the dual goals of "decision-making usefulness" and "fiduciary responsibility" and the characteristics of public goods. It has the function of reducing information surprises during contract renegotiation, reducing negative externalities, which in turn helps to improve the w88 mobile of listed companies in the capital market and promote the healthy development of the securities market.

Conversation

A few days ago, Professor Qian Aimin, a key member of the corporate financial quality research team of the w88 casino who has long been engaged in corporate financial quality research, elaborated on his unique insights into improving the quality of listed companies and promoting the healthy development of the capital market from the perspective of financial quality.

中经: Accounting information w88 mobile and corporate financial w88 mobile are a pair of relatively closely related concepts. What is the main difference in w88 mobile between these two concepts?

Qian Aimin: Accounting information is the result of an enterprise's operating activities processed by the accounting information system. The accounting information system is a unique system that transforms the financial status of an enterprise that cannot be directly measured into quantifiable financial statements. Due to the need to simultaneously meet the multiple target decision-making requirements of different report users, accounting information should have specific financial comparable characteristics. This inevitably causes the company's financial status caused by different operating activities to be uniformly generated by the accounting information system into data that lacks vivid economic significance. The programmed accounting information system eliminates the heterogeneity of operating activities. Therefore, financial indicator analysis that only relies on the report data level cannot fully reveal the company's true financial status, but may cause mispricing of corporate stocks.

With the continuous development of the capital market, the demand for users of accounting information to see through the accounting information for company management level and company w88 mobile will become increasingly greater. Accounting information w88 mobile and corporate financial w88 mobile are manifestations of corporate information at different levels. Accounting information w88 mobile is the "table" and financial w88 mobile is the "inside". In terms of specific operations, in view of the inherent flaws and limitations of ratio analysis itself, users of accounting information are bound to pay more and more attention to the actual w88 mobile of a company's financial position rather than the simple ratio analysis results, and will even pay more and more attention to the specific background differences that affect the w88 mobile of a company's financial position.

中经: You mentioned analyzing the w88 mobile of listed companies from the perspective of corporate financial w88 mobile and the relationship between it and the healthy development of the capital market. So how to understand the relationship between corporate financial w88 mobile and the w88 mobile of listed companies?

Qian Aimin: Good financial w88 mobile is the key for listed companies to have higher market value. Based on financing and company sustainable development considerations, listed companies must pay attention to their image in the securities market and among investors. In the process of growth, Chinese companies need to overcome the challenges brought about by factors such as marketization process, institutional gaps, internationalization and business models. In order to continuously optimize capital allocation efficiency, effectively create value, and ultimately achieve healthy development, the company's excellent financial w88 mobile is an essential guarantee. China’s securities market has experienced recent changes20After years of development, it is gradually becoming mature. While the scale is growing rapidly and the structure is constantly optimized, the investment philosophy of the entire capital market has also undergone tremendous changes. Different stakeholders of the company have quite different investment philosophies and evaluation criteria for the company. As small and medium-sized investors, they pay more attention to the potential investment value of the proposed investment objects; for investors who have control of the company, they will consider more how to enhance the company's competitiveness, expand market share, and pursue sustained and stable growth of long-term interests. Regardless of the purpose of the needs of the company's stakeholders, the core content of these needs is the company's financial w88 mobile.

中经: The second part of the New Nine Articles on the development of a multi-level stock market specifically elaborates on improving the w88 mobile of listed companies. How do you understand it? What is the internal logic between it and the financial w88 mobile of the companies you study?

Qian Aimin: This opinion emphasizes that improving the w88 mobile of listed companies is an important way to promote the healthy development of the capital market. As we have studied, the improvement and realization of the w88 mobile of listed companies depends on the financial w88 mobile of enterprises. Although the company's financial statements are full of numbers, the basic thinking of the company's financial w88 mobile analysis must be to jump out of the complicated and trivial numerical maze. Based on the company's specific operating environment and business strategy, analyze the company's business scope and competitive advantages, and fully identify the various opportunities and risks faced by the company. Only in this way can we truly return from the company's financial statements to the company's operating activities, and see the company's business strategy and management w88 mobile from the company's financial w88 mobile. Only in this way can we evaluate the w88 mobile of listed companies more comprehensively and clearly, and predict the company's future development prospects.

In view of this, the financial w88 mobile analysis of listed companies must first analyze the company's operating background and understand the background characteristics of the company's shareholders, especially what is the support of the company's major shareholders or controlling shareholders for the company? The purpose of the controlling shareholder's control of the enterprise ("hollowing out" or "supporting") and whether there is a game of interest relationship between the major shareholders; secondly, it is necessary to understand the company's operating environment and the choice and expression of its own business strategy, which is the basic condition for financial w88 mobile analysis. Thirdly, it is also necessary to analyze the company's own expression of business activities and business strategies, the company's competition status, and the impact of policies and regulations on the company to gain insight into the company's management w88 mobile. On this basis, a comprehensive analysis is carried out around asset w88 mobile, capital structure w88 mobile, profit w88 mobile and cash flow w88 mobile, which is the core content of the financial w88 mobile analysis system.

中经: International Business w88 casino of w88 casino and itsEMBAWhat topics does the project mainly involve and focus on? What is the current status of courses in financial w88 mobile analysis and their impact in the industry?

Qian Aimin: International Business w88 casino of w88 casino and itsEMBAThe project mainly focuses on five aspects of topics. The first is to focus on the topic of Chinese enterprises going global and international operations; the second is capital operation, which our business w88 casino hasEMBAThe capital operation class studies corporate valuation, listing, restructuring and other issues; the third aspect focuses on the research of business models. A business w88 casino that does not study business models is not an innovative business w88 casino; the fourth aspect focuses on research on corporate innovation and entrepreneurship; the fifth aspect focuses on financial accounting issues, such as financial transparency, financial management, financial quality analysis, etc.

In recent years, with the development of related courses, a number of research results have been released, and have formed a good reputation and influence in the domestic and foreign business circles. For example, in terms of course development of financial w88 mobile analysis, our financial w88 mobile research team has long been committed to theoretical research and practical applications in corporate financial w88 mobile and other aspects. In addition to being widely cited in academic research and widely recognized by the financial analysis community, relevant research results have also been widely recognized in the financial analysis community.MBAandEMBA17920_18025MBA"National hosted by the Education Steering CommitteeMBAIn the "Accounting" Teaching Seminar", we conducted extensive exchanges with peers in the industry on financial w88 mobile analysis issues. Our financial w88 mobile research team has become an important driving force in leading accounting teaching in China's business education community.

Qian Aimin’s profile:

Qian Aimin, associate dean, professor, doctoral supervisor, and Chinese Certified Public Accountant at the International Business w88 casino of the w88 casino, was selected into the Ministry of Education’s “New Century Talents” support program and is one of the leading teachers of the national-level premium course “Corporate Financial Statement Analysis.” Main research areas: financial quality analysis and corporate governance, accounting information and capital markets, etc. He has published many monographs and academic papers in the field of financial quality analysis, and has hosted and participated in research on a number of national, provincial and ministerial-level projects, such as the Natural Science Foundation's general project "Financial Ecology, Corporate Financial Quality and Capital Allocation Efficiency", etc.

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