On The Improvement Of Financial Analysis System

Financial statement is the information carrier of financial situation and operating performance, and is also an important foundation which provides the users with useful financial information. However, there is special structure, method and goal to organize financial statements. So the financial statement cannot show the internal relation of financial data comprehensively and directly. In order to master achievement and problem of enterprises' operation and management comprehensively and exactly, the users have to do financial analysis through accounting information.Thus,it seem to be especially important to build and perfectism the finance analysis system.By deeply analyzing traditional finance analysis system, this paper reveals the shortcoming of existing finance analysis system, and then builds the revised financial analysis system based on EPS. The revised finance analysis system adjusts the structure of balance sheet and income statement according to the operating activities and finance activities, and classifies the operational assets, financial assets, operational liabilites, financial liabilites, operating activities' profit and loss, finance activities' profit and loss. The revised finance analysis system reveals that operating activities play a very important role of achievement. Moreover, the revised finance analysis system strengthens the analysis of the cash flow and non-financial index, which enrich the analysis. In the end of the paper, there is empirical research based on the case of Haier group and comparative analysis between DuPont finance analysis system and revised finance analysis system. The conclusion is the revised finance analysis system the financial condition and operating performance more comprehensively and accurately.The paper has three creative points, one of them is that the revised finance analysis system adjusts the structure of balance sheet and income statement according to the operating activities and finance activities, classifies the operational assets, financial assets, operational liabilites, financial liabilites, operating activities' profit and loss, finance activities' profit and loss, and eliminates the unmatched factors. The revised finance analysis system reveals that operating activities play a very important role of achievement.Another creative point is that the revised finance analysis system strengthens the analysis of the cash flow, and includes the information of balance sheet, income statement and cash flow statements, which can provide more detailed, correlative and useful data for analysis and offer more objective analysis conclusion to the users.The third creative point is that the revised finance analysis system enhances the analysis of the non-financial factor. The paper researches some non-financial indexes closely related to Haier group and analyses the technical innovation factor, core production factor and management strategy factor. These non-financial indexes make up for the drawback of existing the finance index analysis.