项目投资现金流量估算方法的改进  

Improvements in Estimating Model of Investment Cash Flow

作　　者：刘群[1] 廖正方[1] 

机构地区：[1]湖北经济学院会计学院,湖北武汉430205

出　　处：《湖北经济学院学报》2009年第6期101-105,共5页Journal of Hubei University of Economics

摘　　要：现金流量估算的目的是对投资项目进行经济性描述,现金流量是项目投资决策分析最重要的基础性信息。我国现行教科书中阐述的项目现金流量估算方法存在诸多缺陷,影响了我国整体的项目投资决策分析的质量。在确定初始现金流量时不考虑资金时间价值,在确定营运期间现金流量时选择的折旧方法与折旧的经济实质相背离,在确定终结点现金流量时将预计残值与净残值混为一谈,是造成现金流量估算方法缺陷的主要原因。因此,估算过程中应贯彻时间价值理论、客观性及资本保全等原则。The purpose of the cash flow estimates for investment projects is to describe the economical characteristics of the project investment, and the cash flow is the most important information for the analysis of the project investment decision- making. Textbooks on China＇s current project cash flow estimation, there are many defects, which have affected the overall quality of decision-making of project investment analysis. In this paper, the author analyzes the causes of defects based on some examples, and then raises some suggestions to improve the estimating model of investment cash flow

关 键 词：项目投资 现金流量 资金时间价值 付现成本 

分 类 号：F234.4[经济管理—会计学]