Under The SCP In The Analysis Of Financial Statements Of CRCC

Analysis of the basic financial statements of listed companies in the main researchactivities of the enterprise. Obtained through the analysis of financial statements dataand information, according to the analysis of the information obtained as a majorsource of comprehensive and systematic understanding of a listed company. Users offinancial statements to make the right decisions by these data, understand the businessin the past, present and evaluate companies to predict future business.Analysis of the financial statements of listed companies have the possibility andnecessity. Our financial information disclosure of listed companies to make a morestrict regulations require listed companies announced regularly required financialinformation, information disclosure. This constitutes the possibility of analysis offinancial statements of listed companies. With the development of the socialist marketeconomy, companies continue to deepen reform, companies continue to adapt toexternal communication and external business environment, financial statementanalysis has been an increasingly important role in today’s economy and society. Thisconstitutes the need for analysis of listed companies’ financial statements.Analysis of the financial statements, the financial statements generally usetraditional analytical methods. The traditional method of financial statement analysis,there are some limitations. Traditional financial statement analysis inherent incorporate financial reporting financial data to calculate the financial indicators ismainly based on the business situation, profitability, growth ability to conduct acomprehensive evaluation and analysis. Traditional methods of financial statementanalysis Ratio analysis is divided into three First, Second, comparative analysis, theother is a trend analysis. Traditional financial statement analysis in solvency indicators,accounts receivable turnover capability index terms and DuPont analysis systems areflawed. It is, so try to find a new way to analyze the financial statements of listedcompanies due to the limitations of traditional financial statement analysis exist, in order to be able to compensate for the lack of traditional financial statement analysis,so the results of the analysis can be closer to the users of financial statements demand.Harvard Pep, Healy and Bernard in the "use of corporate financial statementsanalysis and assessment," the book proposes a set of strategic analysis, and financialstatement analysis in one of the "Harvard Analytical Framework." Harvard AnalyticalFramework sets strategic analysis, and financial statement analysis in one, and then usethe analysis methods "from the point to the surface", summarize the case study andpromotion, and thus leads to a complete description of the logical framework analysisof the financial statements and Some further elaborated on the application of theHarvard Analytical Framework for strategic analysis, accounting analysis, financialanalysis and prospects for analysis of the main methods and procedures of the fourdimensions of analysis. Harvard analytical framework to analyze the use of the listedcompany’s financial statements can be very clever to make up for the deficiencies oftraditional financial statement analysis.Research literature can be seen at home and abroad, scholars from differentperspectives on the theory of financial analysis, financial analysis from the moretheoretical discussion, and application of the relatively few of these theories in practice,there are case studies only focused on the case of a scholar’s point of view forindividual analysis carried out, it is not comprehensive and fragmented. This article isfor this situation, based on the methods and theories of scholars of different financialanalysis were summarized on the listed company (China Railway Construction), forexample, intends to use the Harvard Analytical Framework Analysis of the company’sfinancial statements in order to allow users of financial statements analysis on how toreport financial analysis have a clear understanding of the theory, increasing the effectof the use of financial statement analysis theory in practice. And China RailwayConstruction Corporation’s financial condition and the production and managementproblems, propose appropriate countermeasures recommendations, users of financialstatements to understand the business situation and forecast the company’s futureprovide useful financial information.