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这项研究着重于三个不同的财务和管理会计方面。在第一部分中，给出了一个明确的公司法和专业会计框架图，它可以用于不同公司的财务报告，使其更有可比性更可靠的。此外，给出的第二个问题是现金流折现法，及其对于商业投资的重要性。最后，这项研究第三部分的任务是讨论盈利能力和流动性的重要性，以及企业如何管理其周转资金来减少短期流动性问题的风险。在下面的不同段落分别对提到的这几个主题进行了简单介绍。

财务报表是一家公司在特定时间范围内的业绩总和或结论，它代表一个公司的财务状况。公司会创建不同类型的财务报告，但主要的报告是：资产负债表，损益表和现金流量表。为了使不同的公司财务报告具有可比性，所有的公司必须遵循一定的规则。这些规定是由政府强制规定的，所有的公司在编制报告时都必须遵守这些规定。在英国，所有公司都必须按照1985制定的公司法办事。除了公司法，在证券交易所上市的公司必须遵守证券交易所的规则和其他专业的会计准则框架例如国际财务报告准则。（Atrill, P and Mclaney, E. 2005）

现金流折现法是一种非常有用的技术，应用于各种各样的企业中。按揭贷款是最好的例子之一。因此，现金流折现（DCF）技术是公司在做出决策投资时的首选。

Dimension Of Financial And Management Finance Essay

This research focuses on three different dimension of Financial and management Accounting. in the first part it gives a clear picture of company law and professional accounting frameworks which can be used to make financial reports of different companies comparable and reliable. Furthermore, the second given question was Discounted Cash flow and its importance for the business investment appraisal. Lastly, the third part of this research assignment is discussing the importance of profitability and liquidity and how a business can manage its working capital to reduce the risk of short term liquidity problems. An introduction to each mentioned topic is given in the following separate paragraphs.

Financial statements are the sum or conclusion of the performance of a company over a specified span of time which as a result, represents a clear financial status of a company. There are different types of financial reports which are created by a company, but the major reports are: The Balance Sheet, Profit and Loss Statement and Statement of Cash flow. In order to make different companies financial report comparable there has to be a certain rules which should be followed by all companies. These rules are some forced by government in which all companies are being entitled to obey certain rules while preparing the reports. In UK, all companies must act in accordance with provisions the Companies Act 1985. In addition to company law, companies which are listed on stock exchange are required to follow Stock exchange rules and other professional accounting framework such as IFRS. (Atrill, P and Mclaney, E. 2005)

Discounted cash flow is very useful techniques which are used in a wide variety of businesses. Mortgage loan are one of the best examples. Therefore, Discounted Cash flow (DCF) techniques are much preferred by the companies while making investment decisions. As an illustration, DCF analysis is a capital budgeting practice which is used to analyze and quantify the receipt and payment of a particular project or business venture. DCF methods are given preference in investment decisions because it takes in the account the importance of time value of money and amount of risk involved in acceptance of a project. (Ramagopal, C. 2008)

Liquidity and profitability are equally important for existence of a company. A company which cannot pay its creditor on time or cannot meet its short term expenditures will easily become insolvent or bankrupt. On the other hand, Profitability is the amount of revenue exceed from its relevant expense. Therefore, both profitability and liquidity are equally important factor for survival of a business. Working capital is the difference between current asset and current liability. Management of working capital can reduce the risk of liquid