Financial Analysis Of DC Group Based On Harvard Analytical Framework

Since the end of the 1970s,the construction industry as an important part of the national economy,has been performing well in China’s market economy.In recent years,with the gradual improvement of people’s living standards,improved housing has become a new demand for housing purchase,which has also greatly promoted the development of the construction industry.Although the total output value of China’s construction industry is very high,problems such as excessive dependence on national macro-control,high accounts receivable,high asset-liability ratio and large cost ratio have gradually become the focus of the development of the construction industry.DC group is a in the Qingdao local architectural decoration construction enterprises,with the enterprise scale,capital and income also grow,debt and the risk of pressure comes,and enterprises to adopt the traditional financial statement analysis method cannot have satisfied the present situation of the enterprise development,based on the analysis framework as the starting point,harvard Combined with the relevant analysis tools and the risk warning model of F score model,this paper analyzes the strategic choice and financial statements of DC Group.Through the systematic financial analysis of DC Group,it is beneficial to enhance the core competitiveness of the enterprise.By collecting relevant materials,the paper is divided into six chapters based on the basic idea of "finding problems,raising problems and solving problems".Chapter One elaborates the research background,significance,framework and innovation points of the paper.The second chapter,mainly carries on the theory elaboration and the correlation analysis tool introduction;The third chapter introduces the current situation of DC Group and the necessity of introducing Harvard analysis framework.The fourth chapter describes the specific application of Harvard analysis framework in DC Group.Combined with the signs of bankruptcy crisis,it analyzes whether DC Group faces bankruptcy crisis from the structure of the three statements,and uses the risk early warning model to test the operation risk of the enterprise and predict the financial risk and development prospect.The fifth chapter,using the model of "problem + forecast = suggestion",by summarizing the problems found in the analysis of strategy,accounting,finance and prospect,combined with the development prospect and financial prospect forecast,gives the corresponding business development and financial development reasonable suggestions;The sixth chapter,through the summary of the previous research conclusions,find out the shortcomings of the article,and the future research direction is prospected.The financial statement analysis system has the oneness and limitations of previous,can only analyze the problems existing in the present,they cannot be looking to enterprise’s development potential,according to the harvard analysis framework of this new financial comprehensive analysis system of enterprise "institution transference" financial statements analysis,help to report the user a more comprehensive understanding of the operation and development of the enterprise,It also provides a reference for other companies in the same industry.