Therefore , using basic analytic methods , especially the methods of financial statement analysis , to gui de decision of security investment , a lot of investors , especially individual investors , not only efficiently escape being controlled by banker and managing personal asset efficiently , but also can promote the healthy development of capital market and stability of society in order to improve welfare of the whole society 因此，广大投资者特别是中小投资者运用基础分析方法特别是财务报表分析方法来指导证券投资决策，不仅能够有效避免被庄家操纵，优化个人理财，而且能够促进资本市场和市场经济的健康发展和社会的稳定，从而增进整个社会的福利。
On the basis of the above , the paper focuses on contributing factors and counter measures for the weak related quality between financial statement analysis and security investment . and it is chiefly divided into the following five chapters : chapter 1 : introduction 基于此，本论文试图从财务管理、经济学、投资学和数理统计学的有关理论出发，采用理论分析和案例分析相结合的研究方法，对财务报表分析与证券投资存在弱相关性的原因进行深入分析，并在此基础上提出了改进的建议。
Contents of this course include : basic concepts of financial management , atternative forms of business organization , financial statement analysis , break - even analysis , operating & financial leverages , managing working capital , short - term financing , financial mathematics , capital budgeting & risk , discounter - cash - flow model , fundamentals of securities valuation , cost of capital , capital structure , dividend policy , long - term financing , leases , mergers & acquisitions , holding companies , restructure and liquidation 课程涵盖了财务管理的基本概念，企业组织型态，财务报表分析，损益平衡分析， ?杆原理，营运资金管理，短期融资，财务数学，资本预算及风险，现金流量折现模型，证券评价基础，资金成本，资本结构，股利政策，长期融资，租赁，并购，握股公司，重整及清算等重要课题。
By combining the theory of corporation merge and expanding and financial data analysis tools , the article attempts to reorganize shenxin ’ s financial data during the quickly development of 1920s and 1930s , then give the evaluation of the merge and expanding from the financial aspect . among them , we discussed the deep reason of the shenxin ’ s stranded matter in 1934 , and tried to give more impersonality conclusion through financial statement analysis of shenxin corp . 本文应用企业兼并扩张的相关理论,并结合公司财务分析方法对申新公司在20世纪20 、 30年代扩张时期的财务资料进行系统的整理,然后对其兼并扩张的效果,从财务角度给予分析,从中探讨申新公司搁浅的深层次原因。
In the final part , from the company strategy viewpoint the further discussions have made to indicate the importance of better understanding and management of information from cash flow statement an alysis . in author ' s opinion , a good understanding and management of information from the cash flow statement analysis make it possible for a company to better use and manage the cash resource , improve the conventional accounting report analysis system and prevent the false accounting information in order to achieve an effective and successful management in the company ' s operating , accounting and long term strategy 笔者认为，通过对现金流量表的深入透彻的理论分析和实证研究，能够全面了解和掌握作为企业经营活动血液的现金的来源和运用状况，把企业的经营状况、财务状况、战略管理状况同企业的现金流量紧密的联系起来，同时对于完善传统的财务报表分析体系，防止会计信息失真以及充分发挥现金流量管理在企业管理中的重要作用都有积极意义。
Chapter 1 : here we give an overall statement of data mining , including introduction of the basic concept , the methods and research branches up to the present etc . chapter 2 : before explaining the mining methods , we introduce the basic concept and methods for financial statement analysis , explicate the formulae and the meanings of financial ratios which are mentioned in the financial ratio analysis 第?章：对数据挖掘进行综述，介绍数据挖掘的基本概念，介绍数据挖掘近期发展的研究方法和方向。第二章：介绍财务报表分析的基本概念和几种方法，详细介绍在财务比率分析中财务比率的计算及含义，为今后的挖掘做准备，考虑到数据挖掘的优点，还讨论了能够在财务数据中应用挖掘的几种方法。
Topics to cover include the time value of money , net present value and other investment criteria ; use of discount cash flow for investment decision ; risk and return of investment ; project analysis , corporate financing , capital structure ; financial statement analysis , financial planning ; working capital management ; cash and inventory management ; risk management 涵盖的主题包括金钱的时间价值，净现值和其他投资准则；运用现金流量贴现法作投资决策；风险及投资回报，项目分析，合作融资，货币结构；财务报表分析，财务计划；营运资本管理；现金和存货管理；风险管理。
By analyzing several years of financial statement of hubei lantian and liaoning yuye , the chapter synthetically utilizes the above theory and analytic methods to announce the weak related quality between financial statement and security investment in the present security market in china . on the other hand , by ways of the experimental research on the two shares , the attempt of the feasibility of finding and distinguishing false and beautified statement is done through using financial statement analysis 该章综合运用前面所论述的理论和分析方法通过对湖北蓝田股份有限公司和辽宁远洋渔业两只股票历年报表的分析，揭示在目前中国证券市场上，财务报表分析与证券投资存在弱相关性；另一方面，通过对这两只股票的实证研究，尝试了运用财务报表分析方法发现和识别虚假或粉饰报表可行性。
However , the air of speculation is thick in the current security market in china , that is , it is weaker for a large number of investors to recognize the importance of financial statement analysis in security investment . it is not only because the chinese security market is not ripe and perfect , but also because the investors too emphasize on utilizing the methods of technical analysis in security investment 然而，现时中国证券市场投机气氛甚浓，财务报表分析与证券投资仅存在弱相关性，即广大投资者在证券投资中对财务报表分析的重要性认识普遍存在弱化现象，这不仅是由于中国证券市场不成熟、不完善造成的，广大投资者在证券投资中过于偏重于运用技术分析方法也有很大的关系。
