房地产企业杜邦财务分析中英文外文文献Word文档下载推荐.docx

1、（此文档为word格式,下载后您可任意修改编辑!）文献出处: Soliman M T. The application and research of Dupont financial analysis in the real estate enterpriseJ. The Accounting Review, 2016, 2（3）: 813-823.原文 The application and research of dupont financial analysis in the real estate enterpriseSoliman M TAbstractAt present, th

2、e real estate enterprise competition is increasingly fierce. In order to make the enterprise sustainable development and not to be eliminated in the market under the background, it need to analysis enterprise financial situation from within. In order to understand the real estate enterprises financi

3、al situation, you need to make a comprehensive analysis to enterprises financial statements. The analysis of corporate financial statements, can transform the original financial data into useful financial information, to help them evaluate enterprises financial health.Keywords: dupont financial anal

4、ysis, cash flow, the sustainable rate of growth1IntroductionDupont financial analysis system is based on the net interest rate of the rights and interests of core ratio, and then broken down into three basic financial indicators, including sales net interest rate, total assets turnover and the right

5、s and interests multiplier. The dupont system decomposition, reflects the enterprise the management policy, and reflects the enterprises financial strategy. However, as modern enterprise economic environment increasingly complex, the disadvantage of traditional dupont financial analysis system also

6、gradually revealed, it already cant satisfy the demand for modern enterprises to carry out financial analysis. This paper reviewed the study of dupont financial analysis system, this paper introduces the development of financial analysis methods and the advantages and disadvantages of the traditiona

7、l dupont financial analysis system. Secondly, aiming at the shortcomings of the traditional dupont analysis, combining the development situation of the real estate industry to introduce sustainable growth rate index, analysis of real estate enterprise ability of sustainable growth.Then, combining wi

8、th the characteristics of real estate enterprise capital intensive and long construction cycle, the introduction of cash flow index, analysis of real estate enterprises operating activities cash position. For research object, this paper introduces the selection of dupont financial analysis system in

9、 the real estate enterprise application background, and then from the review summarizes the research enriched the article studies the theoretical basis, finally expounds the concrete contents and methods of the study, and summarizes the article research the thinking of framework structure of the sys

10、tem. 2 Literature reviewFinancial analysis first appeared in America in the 20th century. However, it has not been clearly put forward the concept of, its just to monitor the debt of the enterprise, as far as possible to improve profitability, etching the early years of the nineteenth century, Thoma

11、s. Both first clear statement analysis of concepts. And through the book railway financial the table analysis to explain and apply. Predecessors did not meet this progress, however, in its continued to explore, analysis found that only a single parameter exists many defects. Scholars began to seek c

12、omprehensive financial analysis method. The earliest is not dupont financial comprehensive analysis method is studied but Alexander. Theo. He was in the late 1920 s, pointed out the credit ability index concept. And in the book the credit barometer such as explained in the book. Then, selected the l

13、iquidity ratio, equity ratio, inventory turnover seven financial indicators, and their relationship with lines, used for evaluation of enterprise credit level and financial situation. This method compared with single financial ratio analysis, a more reasonable and comprehensive. DuPont financial ana

14、lysis system is put forward by dupont in 1919 and use, based on the intrinsic relationship between the basis of certain key financial indexes, makes it a system that reflects the comprehensive enterprise profitability, operation condition, the condition of repayment, to evaluate the advantages and d

15、isadvantages of the enterprise. However, due to the development of the economy constantly, dupont scholars gradually found that the analysis of the proposed system a lot of deficiencies, scholars also made to its further improvement. Palmers （Krishna Pileup） - professor at Harvard University, in the

16、 research of dupont financial analysis system, think that the original system in the evaluation of enterprises operation and management, without considering the enterprise development ability. And in the analysis and evaluation of enterprises , in the analysis of the traditional system were introduced in detail introduced the reason of the sustainable growth rate, and will reflect corporate dividend policy dividend payme