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从传统的会计科目设置和会计体系的稳健性原则看,会计体系鼓励的是保守的,以确保能够收回债务为目的的经营行为,会计报表是债权人的财务报告。这种精神与股东的利益是不一致的,股东一般要求企业在战略上更富有进取心,在收益和风险之间寻求积极的平衡,在长短期利益上有综合的考虑,从结果上看,股东要求把他们投入的资本的收益要求直接、突出地体现出来。经济利润明确扣除所有资本(股权和债务)的机会成本,明确了股东权益的回报要求。
From the traditional principle of accountancy setting and the soundness of the accounting system, the accounting system encourages conservative operations to ensure that debt can be recovered. The accounting statements are creditors’ financial reports. This spirit is inconsistent with the interests of shareholders. Shareholders generally require companies to be strategically more aggressive and seek a positive balance between benefits and risks. There is a comprehensive consideration of long-term and short-term interests. From the result, shareholders It is required to directly and prominently reflect the income requirements of the capital they invest. Economic profit clearly deducts the opportunity cost of all capital (equity and debt), and clarifies the return requirements of shareholders’ equity.