财务报表分析解读 _ 资产类 _ 有形资产 _ 无形资产 _ 行业研究报告 _ 最佳分析师 _ 金多多教育出品 The DNA interact with each other and will combine in order to produce a full set of financials . However, before any interaction can be analysed the fragments must be examined. Assets An asset is a store of future benefit that is controlled by an entity. They can be tangible, that is assets that have a physical substance . Or they can be intangible, in that they lack physical substance. Examples of tangible and intangible assets could be: Tangible assets Intangible assets Plant, property and equipment(PPE) Goodwill Investments in joint ventures Brands Investment in associates Licences Inventories Research and development Receivables Software Investment Cash It is worth noting that not all the assets of an entity will be recognised in the financial statements . The term 'recognised' is accounting terminology 'to place an item onto the financial statements'. The key considerations when attempting to determine recognition will be: Assessing whether the control of the asset does actually rest with the entity and Whether the benefits of the asset can be reliably measured. Recognition issues are often clear cut. For example, an entity makes some sales on credit to a customer. The customer owes the entity money. Normally, this is treated as an asset as the entity has the future benefit that the cash will flow into the business when the customer settles their outstanding account. The future cash flow receipt is relatively easy to measure-- it is the outstanding amount owed. The outstanding amount is the asset. Issues will arise when the assessment of where control of the asset becomes blurred or the measurement of the benefits becomes too subjective. Extending the above example, the entity making the credit sales then decides to sell the amount it is owed to a third party agency and the third party takes on the collection of the outstanding amount. Depending on the terms of the agreement the entity may continue to recognise the asset on tis financial statements or it may be forced to remove or de-recognise the asset. The decision will take into account issues such as which party is exposed to the risks and rewards of the asset. The decision can very quickly become difficult as the issues get blurred. Analysts should have an awareness of these issues but ultimately when the lines are blurred the bank will seek professional advice. 财务报表分析解读 _ 资产类 _ 有形资产 _ 无形资产 _ 行业研究报告 _ 最佳分析师 _ 金多多教育出品 成为行业分析师 PE 估值建模 投行 行业研究 估值建模 行业研究报告撰写 行业研究报告写作 2012/5/28 23:23
什么是完美行业分析师?行业分析 What makes a complete analyst? An interview with a IBD director at a Global Investment Bank 在全球投资银行 IBD 部门董事概览 Compliments for good work may seem few and far between for an IBD analyst . There is often a feeling of being at the bottom of a long corporate ladder and acting as a 'gopher' with a degree. However, one of the ultimate and most understated accolades an IBD analyst can receive for. Their associate is that they are deemed to be 'a good analyst'. What makes a 'good analyst ? We asked this question to a Director at a large global investment bank: A good analyst has to demonstrate a wide range of qualities. Most of these qualities are simple qualities but it`s the range that poses the most challenges to these people as they come into the business. I guess if an analyst helps me to get the job done and done well -- they are a 'good analyst . I will then make sure we work together again and as the trust builds so will responsibility. From my perspective, the list of qualities or competencies of a good analyst would certainly include(and I will take top rate intelligence and technical excellence as a given): Attention to detail Listen Think Ask questions and communicate Judgement Desktop applications Hit your deadlines Know when to keep a low profile 成为行业分析师PE估值建模 投行 行业研究 估值建模 行业研究报告撰写 行业研究报告写作 2012/5/27 17:49 Complete Investment Banker