{"id":5891,"date":"2025-10-10T02:49:45","date_gmt":"2025-10-10T09:49:45","guid":{"rendered":"https:\/\/ketoan.man.net.vn\/?p=5891"},"modified":"2025-12-16T19:55:09","modified_gmt":"2025-12-17T02:55:09","slug":"phan-tich-tai-chinh","status":"publish","type":"post","link":"https:\/\/ketoan.man.net.vn\/ko\/phan-tich-tai-chinh\/","title":{"rendered":"\ud569\ub9ac\uc801\uc778 \uc758\uc0ac\uacb0\uc815\uc744 \uc704\ud55c \uc885\ud569\uc801\uc778 \uc7ac\ubb34 \ubd84\uc11d."},"content":{"rendered":"<p><span style=\"font-weight: 400;\">\uc7ac\ubb34 \ubd84\uc11d\uc740 \uae30\uc5c5 \uacbd\uc601 \ubc0f \ud22c\uc790\uc5d0 \ud544\uc218\uc801\uc778 \ub3c4\uad6c\ub85c\uc11c, \uae30\uc5c5\uc758 \uac74\uc804\uc131\uacfc \uc131\uc7a5 \uc7a0\uc7ac\ub825\uc744 \ud3c9\uac00\ud558\ub294 \ub370 \uc911\uc694\ud55c \uc5ed\ud560\uc744 \ud569\ub2c8\ub2e4. \uc624\ub298\ub0a0\uacfc \uac19\uc774 \uc138\uacc4\ud654\ub418\uace0 \ubcc0\ub3d9\uc131\uc774 \ud070 \uacbd\uc81c \ud658\uacbd\uc5d0\uc11c \uc7ac\ubb34 \ubd84\uc11d\uc740 \ub2e8\uc21c\ud788 \uc22b\uc790\ub97c \uacc4\uc0b0\ud558\ub294 \uac83\uc744 \ub118\uc5b4 \uc804\ubb38\uc131, \uacbd\ud5d8, \uadf8\ub9ac\uace0 \ubb34\uc5c7\ubcf4\ub2e4 \uc2e0\ub8b0\ud560 \uc218 \uc788\ub294 \uc815\ubcf4\ub97c \ud544\uc694\ub85c \ud569\ub2c8\ub2e4.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">\uc774 \uae00\uc758 \ubaa9\uc801\uc740 \uc7ac\ubb34 \ubd84\uc11d\uc5d0 \ub300\ud55c \uc9c0\uce68\uc744 \uc81c\uacf5\ud558\uace0, \ud2b9\ud788 \uc804\ubb38\uc801\uc778 \uae30\uc900, \uacbd\ud5d8, \ud3c9\ud310 \ubc0f \uc2e0\ub8b0\uc131\uc5d0 \uc911\uc810\uc744 \ub450\uc5b4 \ub3c5\uc790\uc5d0\uac8c \uac00\uc7a5 \uc815\ud655\ud55c \uc815\ubcf4\ub97c \uc804\ub2ec\ud558\ub294 \uac83\uc785\ub2c8\ub2e4.<\/span><\/p>\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_76 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">\uc0c9\uc778<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"\ubaa9\ucc28 \ud1a0\uae00\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">\ube44\ub140\uc7a5<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewbox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewbox=\"0 0 24 24\" version=\"1.2\" baseprofile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/ketoan.man.net.vn\/ko\/phan-tich-tai-chinh\/#The_nao_la_phan_tich_tai_chinh\" >\uc7ac\ubb34 \ubd84\uc11d\uc774\ub780 \ubb34\uc5c7\uc778\uac00\uc694?<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/ketoan.man.net.vn\/ko\/phan-tich-tai-chinh\/#Muc_tieu_cot_loi_cua_phan_tich_tai_chinh\" >\uc7ac\ubb34 \ubd84\uc11d\uc758 \ud575\uc2ec \ubaa9\ud45c<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/ketoan.man.net.vn\/ko\/phan-tich-tai-chinh\/#Vai_tro_cua_phan_tich_tai_chinh_trong_He_thong_quan_tri\" >\uacbd\uc601 \uc2dc\uc2a4\ud15c\uc5d0\uc11c \uc7ac\ubb34 \ubd84\uc11d\uc758 \uc5ed\ud560.<\/a><ul class='ez-toc-list-level-4' ><li class='ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/ketoan.man.net.vn\/ko\/phan-tich-tai-chinh\/#Doi_voi_Quan_ly_noi_bo\" >\ub0b4\ubd80 \uad00\ub9ac\uc6a9<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/ketoan.man.net.vn\/ko\/phan-tich-tai-chinh\/#Doi_voi_doi_tuong_ben_ngoai\" >\uc678\ubd80 \uad00\uacc4\uc790 \uc5ec\ub7ec\ubd84\uaed8<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/ketoan.man.net.vn\/ko\/phan-tich-tai-chinh\/#Tam_quan_trong_cua_phan_tich_tai_chinh_khi_Kinh_te_bien_dong\" >\uacbd\uc81c \ubcc0\ub3d9\uae30\uc5d0 \uc7ac\ubb34 \ubd84\uc11d\uc774 \uc911\uc694\ud55c \uc774\uc720.<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/ketoan.man.net.vn\/ko\/phan-tich-tai-chinh\/#Nguon_du_lieu_va_phuong_phap_phan_tich_cot_loi\" >\ud575\uc2ec \ub370\uc774\ud130 \uc18c\uc2a4 \ubc0f \ubd84\uc11d \ubc29\ubc95\ub860<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/ketoan.man.net.vn\/ko\/phan-tich-tai-chinh\/#Nguon_du_lieu_dau_vao_chinh_thuc\" >\uacf5\uc2dd \uc785\ub825 \ub370\uc774\ud130 \ucd9c\ucc98<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/ketoan.man.net.vn\/ko\/phan-tich-tai-chinh\/#Phuong_phap_phan_tich_theo_chieu_ngang\" >\uc218\ud3c9 \ubd84\uc11d \ubc29\ubc95<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/ketoan.man.net.vn\/ko\/phan-tich-tai-chinh\/#Phuong_phap_phan_tich_theo_chieu_doc\" >\uc218\uc9c1 \ubd84\uc11d \ubc29\ubc95<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-11\" href=\"https:\/\/ketoan.man.net.vn\/ko\/phan-tich-tai-chinh\/#Phan_tich_chuyen_sau_qua_He_thong_Ty_so_tai_chinh\" >\uc7ac\ubb34\ube44\uc728 \uc2dc\uc2a4\ud15c\uc744 \ud1b5\ud55c \uc2ec\uce35 \ubd84\uc11d<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-12\" href=\"https:\/\/ketoan.man.net.vn\/ko\/phan-tich-tai-chinh\/#Nhom_Ty_so_thanh_khoan\" >\uc720\ub3d9\uc131 \ube44\uc728 \uadf8\ub8f9<\/a><ul class='ez-toc-list-level-4' ><li class='ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-13\" href=\"https:\/\/ketoan.man.net.vn\/ko\/phan-tich-tai-chinh\/#Ty_so_thanh_toan_hien_hanh\" >\ud604\uc7ac \ube44\uc728<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-14\" href=\"https:\/\/ketoan.man.net.vn\/ko\/phan-tich-tai-chinh\/#Ty_so_thanh_toan_nhanh\" >\ube60\ub978 \ube44\uc728<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-15\" href=\"https:\/\/ketoan.man.net.vn\/ko\/phan-tich-tai-chinh\/#Nhom_Ty_so_Hieu_suat_hoat_dong\" >\uc131\uacfc \ube44\uc728 \uadf8\ub8f9<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-16\" href=\"https:\/\/ketoan.man.net.vn\/ko\/phan-tich-tai-chinh\/#Nhom_Ty_so_kha_nang_thanh_toan_hoac_Don_bay\" >\uc9c0\uae09\ub2a5\ub825\ube44\uc728 \ub610\ub294 \ub808\ubc84\ub9ac\uc9c0 \uadf8\ub8f9<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-17\" href=\"https:\/\/ketoan.man.net.vn\/ko\/phan-tich-tai-chinh\/#Nhom_Ty_so_kha_nang_sinh_loi\" >\uc218\uc775\uc131 \ube44\uc728 \uadf8\ub8f9<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-18\" href=\"https:\/\/ketoan.man.net.vn\/ko\/phan-tich-tai-chinh\/#Phuong_phap_phan_tich_dong_tien_va_rui_ro_doanh_nghiep\" >\ud604\uae08 \ud750\ub984 \ubc0f \uc0ac\uc5c5 \uc704\ud5d8 \ubd84\uc11d \ubc29\ubc95.<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-19\" href=\"https:\/\/ketoan.man.net.vn\/ko\/phan-tich-tai-chinh\/#Phan_tich_Bao_cao_Luu_chuyen_Tien_te\" >\ud604\uae08\ud750\ub984\ud45c \ubd84\uc11d<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-20\" href=\"https:\/\/ketoan.man.net.vn\/ko\/phan-tich-tai-chinh\/#Phan_tich_Mo_hinh_Du_bao_pha_san\" >\ud30c\uc0b0 \uc608\uce21 \ubaa8\ub378 \ubd84\uc11d<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-21\" href=\"https:\/\/ketoan.man.net.vn\/ko\/phan-tich-tai-chinh\/#Phan_tich_rui_ro_va_tinh_khong_chac_chan\" >\uc704\ud5d8 \ubc0f \ubd88\ud655\uc2e4\uc131 \ubd84\uc11d<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-22\" href=\"https:\/\/ketoan.man.net.vn\/ko\/phan-tich-tai-chinh\/#Ket_luan\" >\ub05d\ub0b4\ub2e4<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-23\" href=\"https:\/\/ketoan.man.net.vn\/ko\/phan-tich-tai-chinh\/#Thong_tin_lien_he_MAN_%E2%80%93_Master_Accountant_Network\" >\uc5f0\ub77d\ucc98 \uc815\ubcf4 MAN \u2013 Master Accountant Network<\/a><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<h2><span class=\"ez-toc-section\" id=\"The_nao_la_phan_tich_tai_chinh\"><\/span><b>\uc7ac\ubb34 \ubd84\uc11d\uc774\ub780 \ubb34\uc5c7\uc778\uac00\uc694?<\/b><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><span style=\"font-weight: 400;\">\uc7ac\ubb34 \ubd84\uc11d\uc740 \uc804\ubb38\uc801\uc778 \uae30\ubc95\uacfc \ubc29\ubc95\uc744 \uc0ac\uc6a9\ud558\uc5ec \uc870\uc9c1\uc758 \uc7ac\ubb34 \uc0c1\ud0dc, \uc6b4\uc601 \uc131\uacfc \ubc0f \uc0ac\uc5c5 \uc804\ub9dd\uc744 \ud3c9\uac00\ud558\ub294 \uacfc\uc815\uc785\ub2c8\ub2e4. \uc774 \uacfc\uc815\uc5d0\ub294 \uc7ac\ubb34\uc81c\ud45c \ubc0f \uae30\ud0c0 \uad00\ub828 \uc815\ubcf4 \ucd9c\ucc98\uc5d0\uc11c \ub370\uc774\ud130\ub97c \uc218\uc9d1, \uc815\ub9ac, \ube44\uad50 \ubc0f \ud574\uc11d\ud558\ub294 \uc791\uc5c5\uc774 \ud3ec\ud568\ub429\ub2c8\ub2e4.<\/span><\/p>\n<h3><span class=\"ez-toc-section\" id=\"Muc_tieu_cot_loi_cua_phan_tich_tai_chinh\"><\/span><b>\uc7ac\ubb34 \ubd84\uc11d\uc758 \ud575\uc2ec \ubaa9\ud45c<\/b><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><span style=\"font-weight: 400;\">\uc7ac\ubb34 \ubd84\uc11d\uc758 \ud575\uc2ec \ubaa9\ud45c\ub294 \uae30\uc5c5\uc758 \uacfc\uac70, \ud604\uc7ac \ubc0f \ubbf8\ub798 \uc7ac\ubb34 \uac74\uc804\uc131\uc5d0 \ub300\ud55c \ud3ec\uad04\uc801\uc774\uace0 \ud1b5\ucc30\ub825 \uc788\ub294 \uc2dc\uac01\uc744 \uc81c\uacf5\ud558\ub294 \uac83\uc785\ub2c8\ub2e4. \uc774\ub97c \ud1b5\ud574 \uc815\ubcf4 \uc774\uc6a9\uc790\ub4e4\uc740 \uc815\ubcf4\uc5d0 \uae30\ubc18\ud55c \uacbd\uc81c\uc801 \uacb0\uc815\uc744 \ub0b4\ub9b4 \uc218 \uc788\uc2b5\ub2c8\ub2e4.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">\uac00\uc7a5 \ud655\uc5f0\ud55c \ucc28\uc774\uc810\uc740 \ub2e4\uc74c\uacfc \uac19\uc2b5\ub2c8\ub2e4.<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">\ud68c\uacc4: \uacbd\uc81c\uc801 \uac70\ub798\ub97c \uae30\ub85d, \ubd84\ub958 \ubc0f \uc694\uc57d\ud558\uace0 \uc7ac\ubb34\uc81c\ud45c\ub97c \uc791\uc131\ud558\ub294 \ub370 \uc911\uc810\uc744 \ub461\ub2c8\ub2e4.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">\uc7ac\ubb34 \uad00\ub9ac: \uacc4\ud68d \uc218\ub9bd, \uc790\uae08 \uc870\ub2ec, \uc790\ubcf8 \ubc30\ubd84 \ubc0f \uc8fc\uc8fc \uac00\uce58 \uadf9\ub300\ud654\uc5d0 \uc911\uc810\uc744 \ub461\ub2c8\ub2e4.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">\uc7ac\ubb34 \ubd84\uc11d: \uc7ac\ubb34\uc81c\ud45c\ub97c \uc785\ub825 \uc790\ub8cc\ub85c \ud65c\uc6a9\ud558\uc5ec \ud68c\uacc4 \ubc0f \uc7ac\ubb34 \uad00\ub9ac \uad00\ud589\uc758 \ud6a8\uc728\uc131\uacfc \ud6a8\uacfc\ub97c \ud3c9\uac00\ud558\uace0 \ud574\uc11d\ud569\ub2c8\ub2e4.<\/span><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">\uc7ac\ubb34 \ubd84\uc11d\uc758 \ubcf8\uc9c8\uacfc \ud575\uc2ec \ubaa9\ud45c\ub97c \uba85\ud655\ud788 \ud588\uc73c\ubbc0\ub85c, \ub2e4\uc74c \uc9c8\ubb38\uc740 &quot;\uc7ac\ubb34 \ubd84\uc11d\uc774 \uc81c\uacf5\ud558\ub294 \uc815\ubcf4\uc640 \uad00\uc810\uc740 \uacbd\uc601 \uc2e4\ubb34\uc5d0\uc11c \uc5b4\ub5bb\uac8c \ud65c\uc6a9\ub418\ub294\uac00?&quot;\uc785\ub2c8\ub2e4. \ubc14\ub85c \uc774 \uc9c0\uc810\uc5d0\uc11c \uc7ac\ubb34 \ubd84\uc11d\uc774 \uacbd\uc601 \uc2dc\uc2a4\ud15c\uc5d0\uc11c \uac16\ub294 \uc804\ub7b5\uc801 \uac00\uce58\uac00 \ubd84\uba85\ud558\uac8c \ub4dc\ub7ec\ub0a9\ub2c8\ub2e4. \uc7ac\ubb34 \ubd84\uc11d\uc740 \ub2e8\uc21c\ud55c \uce21\uc815 \ub3c4\uad6c\uc77c \ubfd0\ub9cc \uc544\ub2c8\ub77c \ubaa8\ub4e0 \uacbd\uc601 \ubc0f \ud22c\uc790 \uacb0\uc815\uc758 \ud1a0\ub300\uac00 \ub418\uae30 \ub54c\ubb38\uc785\ub2c8\ub2e4.<\/span><\/p>\n<h3><span class=\"ez-toc-section\" id=\"Vai_tro_cua_phan_tich_tai_chinh_trong_He_thong_quan_tri\"><\/span><b>\uacbd\uc601 \uc2dc\uc2a4\ud15c\uc5d0\uc11c \uc7ac\ubb34 \ubd84\uc11d\uc758 \uc5ed\ud560.<\/b><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<figure id=\"attachment_6939\" aria-describedby=\"caption-attachment-6939\" style=\"width: 1200px\" class=\"wp-caption aligncenter\"><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-6939\" src=\"https:\/\/ketoan.man.net.vn\/wp-content\/uploads\/2025\/10\/Vai-tro-cot-loi-cua-phan-tich-tai-chinh-trong-He-thong-Quan-tri.jpg\" alt=\"Vai tr\u00f2 c\u1ed1t l\u00f5i c\u1ee7a ph\u00e2n t\u00edch t\u00e0i ch\u00ednh trong H\u1ec7 th\u1ed5ng Qu\u1ea3n tr\u1ecb\" width=\"1200\" height=\"800\" srcset=\"https:\/\/ketoan.man.net.vn\/wp-content\/uploads\/2025\/10\/Vai-tro-cot-loi-cua-phan-tich-tai-chinh-trong-He-thong-Quan-tri.jpg 1200w, https:\/\/ketoan.man.net.vn\/wp-content\/uploads\/2025\/10\/Vai-tro-cot-loi-cua-phan-tich-tai-chinh-trong-He-thong-Quan-tri-300x200.jpg 300w, https:\/\/ketoan.man.net.vn\/wp-content\/uploads\/2025\/10\/Vai-tro-cot-loi-cua-phan-tich-tai-chinh-trong-He-thong-Quan-tri-1024x683.jpg 1024w, https:\/\/ketoan.man.net.vn\/wp-content\/uploads\/2025\/10\/Vai-tro-cot-loi-cua-phan-tich-tai-chinh-trong-He-thong-Quan-tri-768x512.jpg 768w, https:\/\/ketoan.man.net.vn\/wp-content\/uploads\/2025\/10\/Vai-tro-cot-loi-cua-phan-tich-tai-chinh-trong-He-thong-Quan-tri-18x12.jpg 18w\" sizes=\"auto, (max-width: 1200px) 100vw, 1200px\" \/><figcaption id=\"caption-attachment-6939\" class=\"wp-caption-text\">\uacbd\uc601 \uc2dc\uc2a4\ud15c\uc5d0\uc11c \uc7ac\ubb34 \ubd84\uc11d\uc758 \ud575\uc2ec\uc801\uc778 \uc5ed\ud560<\/figcaption><\/figure>\n<p><span style=\"font-weight: 400;\">\uc7ac\ubb34 \ubd84\uc11d \ud504\ub85c\uc138\uc2a4\ub294 \uac01\uae30 \ub2e4\ub978 \uc694\uad6c \uc0ac\ud56d\uc744 \uac00\uc9c4 \ub2e4\uc591\ud55c \uc774\ud574\uad00\uacc4\uc790\ub4e4\uc5d0\uac8c \ub3c4\uc6c0\uc774 \ub429\ub2c8\ub2e4.<\/span><\/p>\n<h4><span class=\"ez-toc-section\" id=\"Doi_voi_Quan_ly_noi_bo\"><\/span><b>\ub0b4\ubd80 \uad00\ub9ac\uc6a9<\/b><span class=\"ez-toc-section-end\"><\/span><\/h4>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">\uc804\ub7b5 \uae30\ud68d: \ub192\uc740 \uc218\uc775\uc131\uacfc \uac19\uc740 \uac15\uc810\uacfc \ub0ae\uc740 \uc720\ub3d9\uc131\uacfc \uac19\uc740 \uc57d\uc810\uc744 \ud30c\uc545\ud558\uc5ec \uc0ac\uc5c5 \ubaa9\ud45c\ub97c \uc870\uc815\ud569\ub2c8\ub2e4.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">\ube44\uc6a9 \uad00\ub9ac: \ucd1d\uc774\uc775\ub960\uacfc \uc21c\uc774\uc775\ub960\uc744 \ubaa8\ub2c8\ud130\ub9c1\ud558\uc5ec \ube44\uc6a9 \ucd5c\uc801\ud654 \ubc0f \uc131\uacfc \uac1c\uc120 \uae30\ud68c\ub97c \ud30c\uc545\ud569\ub2c8\ub2e4.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">\ud22c\uc790 \ub610\ub294 \uc790\uae08 \uc870\ub2ec \uacb0\uc815: \uc2e0\uaddc \ud22c\uc790 \ud504\ub85c\uc81d\ud2b8\uc5d0 \ud544\uc694\ud55c \ud604\uae08 \ud750\ub984 \ucc3d\ucd9c \ub2a5\ub825 \ud3c9\uac00 \ub610\ub294 \ucd5c\uc801\uc758 \uc790\ubcf8 \uad6c\uc870 \uacb0\uc815.<\/span><\/li>\n<\/ul>\n<h4><span class=\"ez-toc-section\" id=\"Doi_voi_doi_tuong_ben_ngoai\"><\/span><b>\uc678\ubd80 \uad00\uacc4\uc790 \uc5ec\ub7ec\ubd84\uaed8<\/b><span class=\"ez-toc-section-end\"><\/span><\/h4>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">\ud22c\uc790\uc790 \uc5ec\ub7ec\ubd84: \uae30\uc5c5 \uac00\uce58\ub97c \ud3c9\uac00\ud558\uace0, \uc218\uc775\uc131 \ube44\uc728(ROE, EPS) \ubc0f \uac00\uce58 \ud3c9\uac00 \ube44\uc728(P\/E)\uc5d0 \uc911\uc810\uc744 \ub450\uace0 \uc8fc\uc2dd\uc744 \ub9e4\uc218, \ub9e4\ub3c4 \ub610\ub294 \ubcf4\uc720\ud560\uc9c0 \uc5ec\ubd80\ub97c \uacb0\uc815\ud558\uae30 \uc704\ud574 \uc7ac\ubb34 \ubd84\uc11d\uc744 \ud65c\uc6a9\ud558\uc2ed\uc2dc\uc624.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">\ucc44\uad8c\uc790(\uc740\ud589, \uacf5\uae09\uc5c5\uccb4): \uc720\ub3d9\uc131 \ubc0f \ub808\ubc84\ub9ac\uc9c0 \ube44\uc728\uc5d0 \uc911\uc810\uc744 \ub450\uace0 \ub2e8\uae30 \ubc0f \uc7a5\uae30 \ubd80\ucc44 \uc0c1\ud658 \ub2a5\ub825\uc744 \ud3c9\uac00\ud569\ub2c8\ub2e4.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">\uc815\ubd80 \uae30\uad00: \uc138\uae08 \ubc0f \uae08\uc735 \ubc95\uaddc \uc900\uc218 \uc5ec\ubd80\ub97c \ubaa8\ub2c8\ud130\ub9c1\ud558\uace0 \uc2dc\uc2a4\ud15c\uc801 \uc704\ud5d8\uc744 \ud3c9\uac00\ud569\ub2c8\ub2e4.<\/span><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">\ube44\uc988\ub2c8\uc2a4 \ud658\uacbd\uc774 \ubcc0\ub3d9\uc131, \ubd88\ud655\uc2e4\uc131, \uc704\ud5d8 \uc99d\uac00\ub77c\ub294 \uc0c8\ub85c\uc6b4 \uad6d\uba74\uc5d0 \uc811\uc5b4\ub4e4\uba74\uc11c, \uacfc\uac70 \ub370\uc774\ud130\uc5d0\ub9cc \uc758\uc874\ud558\ub294 \uc804\ud1b5\uc801\uc778 \uacbd\uc601 \ubc29\uc2dd\uc73c\ub85c\ub294 \ub354 \uc774\uc0c1 \uae30\uc5c5\uc744 \ubcf4\ud638\ud558\uae30\uc5d0 \ucda9\ubd84\ud558\uc9c0 \uc54a\uc2b5\ub2c8\ub2e4. \uc774\ub7ec\ud55c \ub9e5\ub77d\uc5d0\uc11c \uc7ac\ubb34 \ubd84\uc11d\uc740 \ub2e8\uc21c\ud55c \uacbd\uc601 \ubcf4\uc870 \ub3c4\uad6c\ub97c \ub118\uc5b4 \uc704\ud5d8 \uad00\ub9ac, \uc804\ub7b5\uc801 \uc758\uc0ac \uacb0\uc815, \uadf8\ub9ac\uace0 \uae30\uc5c5\uc758 \uc7a5\uae30\uc801\uc778 \uc9c0\uc18d\uac00\ub2a5\uc131\uc744 \ubcf4\uc7a5\ud558\ub294 \ud575\uc2ec \uae30\ubc18\uc73c\ub85c \uc790\ub9ac\ub9e4\uae40\ud558\uac8c \ub418\uc5c8\uc2b5\ub2c8\ub2e4.<\/span><\/p>\n<h3><span class=\"ez-toc-section\" id=\"Tam_quan_trong_cua_phan_tich_tai_chinh_khi_Kinh_te_bien_dong\"><\/span><b>\uacbd\uc81c \ubcc0\ub3d9\uae30\uc5d0 \uc7ac\ubb34 \ubd84\uc11d\uc774 \uc911\uc694\ud55c \uc774\uc720.<\/b><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><span style=\"font-weight: 400;\">\ubcc0\ub3d9\uc131\uc774 \ud070 \uacbd\uc81c \uc0c1\ud669 \uc18d\uc5d0\uc11c \uc7ac\ubb34 \ubd84\uc11d\uc758 \uc911\uc694\uc131\uc740 \ub354\uc6b1 \ucee4\uc9c4\ub2e4.<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">\ud22c\uba85\uc131\uacfc \uc704\ud5d8 \uad00\ub9ac\uc758 \ud544\uc694\uc131: \ud22c\uc790\uc790\ub4e4\uc740 \uc810\uc810 \ub354 \uc0c1\uc138\ud558\uace0 \uc815\ud655\ud55c \uc815\ubcf4\ub97c \uc694\uad6c\ud558\uace0 \uc788\uc2b5\ub2c8\ub2e4. \uc7ac\ubb34 \ubd84\uc11d\uc740 \uc7a0\uc7ac\uc801\uc778 \uc720\ub3d9\uc131 \uc704\ud5d8\uc774\ub098 \ucc44\ubb34 \ubd88\uc774\ud589 \uc704\ud5d8\uc744 \uc870\uae30\uc5d0 \ud30c\uc545\ud558\ub294 \ub370 \ub3c4\uc6c0\uc774 \ub429\ub2c8\ub2e4.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">\uae30\uc5c5 \uc9c0\uc18d\uac00\ub2a5\uc131 \ud3c9\uac00\uc5d0\uc11c\uc758 \uc5ed\ud560: ESG(\ud658\uacbd, \uc0ac\ud68c, \uc9c0\ubc30\uad6c\uc870) \ud2b8\ub80c\ub4dc\ub294 \ud544\uc218\uc801\uc778 \uae30\uc900\uc73c\ub85c \uc790\ub9ac \uc7a1\uace0 \uc788\uc2b5\ub2c8\ub2e4. \ud604\ub300\uc758 \uc7ac\ubb34 \ubd84\uc11d\uc740 \uc804\ud1b5\uc801\uc778 \uc774\uc775 \uc9c0\ud45c\ub97c \ub118\uc5b4 \uae30\uc5c5\uc758 \uc9c0\uc18d\uac00\ub2a5\uc131\uacfc \uc7a5\uae30\uc801\uc778 \uc0dd\uc874 \uac00\ub2a5\uc131\uc744 \ud3c9\uac00\ud558\uae30 \uc704\ud574 \uc774\ub7ec\ud55c \ube44\uc7ac\ubb34\uc801 \uc694\uc18c\ub97c \ud1b5\ud569\ud574\uc57c \ud569\ub2c8\ub2e4.<\/span><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">\uc7ac\ubb34 \ubd84\uc11d\uc740 \uc815\ud655\ud55c \ub370\uc774\ud130\uc640 \uacfc\ud559\uc801\uc778 \ubd84\uc11d \ubc29\ubc95\uc744 \uae30\ubc18\uc73c\ub85c \ud560 \ub54c \ube44\ub85c\uc18c \uc9c4\uc815\ud55c \uac00\uce58\ub97c \uc9c0\ub2d9\ub2c8\ub2e4. \uc801\uc808\ud55c \uc785\ub825\uac12\uacfc \ud575\uc2ec \ubd84\uc11d \ub3c4\uad6c\ub97c \uc120\ud0dd\ud558\ub294 \uac83\uc740 \uc7ac\ubb34 \ubd84\uc11d \uacb0\uacfc\uc758 \uc2e0\ub8b0\uc131\uc744 \ub192\uc77c \ubfd0\ub9cc \uc544\ub2c8\ub77c, \uae30\uc5c5\uc758 \uac74\uc804\uc131\uacfc \uac70\uc2dc \uacbd\uc81c \ubcc0\ub3d9\uc5d0 \ub300\ud55c \ud68c\ubcf5\ub825\uc744 \uc885\ud569\uc801\uc73c\ub85c \ud3c9\uac00\ud558\ub294 \ud1a0\ub300\ub97c \ub9c8\ub828\ud569\ub2c8\ub2e4.<\/span><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Nguon_du_lieu_va_phuong_phap_phan_tich_cot_loi\"><\/span><b>\ud575\uc2ec \ub370\uc774\ud130 \uc18c\uc2a4 \ubc0f \ubd84\uc11d \ubc29\ubc95\ub860<\/b><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><span style=\"font-weight: 400;\">\uc815\ud655\ud558\uace0 \uac1d\uad00\uc801\uc774\uba70 \uc758\uc0ac\uacb0\uc815\uc5d0 \uae30\ubc18\ud55c \uc7ac\ubb34 \ubd84\uc11d\uc744 \uc218\ud589\ud558\ub824\uba74 \uae30\ubcf8\uc801\uc778 \ub3c4\uad6c\ub4e4\uc744 \uc219\ub2ec\ud558\ub294 \uac83\uc774 \ud544\uc218\uc801\uc785\ub2c8\ub2e4. \uc774\ub7ec\ud55c \ub3c4\uad6c\uc5d0\ub294 \uc2e0\ub8b0\ud560 \uc218 \uc788\ub294 \uc785\ub825 \ub370\uc774\ud130 \uc18c\uc2a4\ubfd0\ub9cc \uc544\ub2c8\ub77c \uc6d0\uc2dc \ud68c\uacc4 \ub370\uc774\ud130\ub97c \ud1b5\ucc30\ub825 \uc788\ub294 \uc7ac\ubb34 \ud3c9\uac00\ub85c \ubcc0\ud658\ud558\ub294 \ud575\uc2ec \ubd84\uc11d \ubc29\ubc95\ub3c4 \ud3ec\ud568\ub429\ub2c8\ub2e4. \ub2e4\uc74c \uc139\uc158\uc5d0\uc11c\ub294 \uacbd\uc601 \ubc0f \ud22c\uc790 \uc2e4\ubb34\uc5d0\uc11c \uc77c\ubc18\uc801\uc73c\ub85c \uc0ac\uc6a9\ub418\ub294 \uc8fc\uc694 \uad8c\uc704 \uc788\ub294 \ub370\uc774\ud130 \uc18c\uc2a4\uc640 \uae30\ubcf8\uc801\uc778 \uc7ac\ubb34 \ubd84\uc11d \ubc29\ubc95\ub4e4\uc744 \uc18c\uac1c\ud569\ub2c8\ub2e4.<\/span><\/p>\n<h3><span class=\"ez-toc-section\" id=\"Nguon_du_lieu_dau_vao_chinh_thuc\"><\/span><b>\uacf5\uc2dd \uc785\ub825 \ub370\uc774\ud130 \ucd9c\ucc98<\/b><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><span style=\"font-weight: 400;\">\uc2e0\ub8b0\ud560 \uc218 \uc788\ub294 \uc7ac\ubb34 \ubd84\uc11d\uc740 \ubc18\ub4dc\uc2dc \uacf5\uc2e0\ub825 \uc788\uace0 \ubbff\uc744 \ub9cc\ud55c \ucd9c\ucc98\uc5d0\uc11c \ub098\uc628 \uc815\ud655\ud55c \ub370\uc774\ud130\ub97c \uae30\ubc18\uc73c\ub85c \ud574\uc57c \ud569\ub2c8\ub2e4.<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">\uc5f0\uacb0\uc7ac\ubb34\uc81c\ud45c: \uc5f0\uacb0\uc7ac\ubb34\uc81c\ud45c\ub294 \uc7ac\ubb34\uc0c1\ud0dc\ud45c, \uc190\uc775\uacc4\uc0b0\uc11c, \ud604\uae08\ud750\ub984\ud45c\ub97c \ud3ec\ud568\ud558\ub294 \ud575\uc2ec \ubb38\uc11c\uc785\ub2c8\ub2e4. \uc774\ub7ec\ud55c \uc7ac\ubb34\uc81c\ud45c\ub294 \ubca0\ud2b8\ub0a8 \ud68c\uacc4\uae30\uc900(VAS) \ub610\ub294 \uad6d\uc81c\ud68c\uacc4\uae30\uc900(IFRS)\uc5d0 \ub530\ub77c \uc791\uc131\ud558\uace0, \uacf5\uc2e0\ub825 \uc788\ub294 \ub3c5\ub9bd \ud68c\uacc4\ubc95\uc778\uc758 \uac10\uc0ac\ub97c \ubc1b\ub294 \uac83\uc774 \uc758\ubb34\uc785\ub2c8\ub2e4.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">\uc7ac\ubb34\uc81c\ud45c \uc8fc\uc11d: \uc801\uc6a9\ub41c \ud68c\uacc4 \uc815\ucc45, \uc911\uc694\ud55c \uac70\ub798, \uadf8\ub9ac\uace0 \uc138 \uac00\uc9c0 \uc8fc\uc694 \uc7ac\ubb34\uc81c\ud45c\uc5d0 \uba85\ud655\ud558\uac8c \ud45c\uc2dc\ub418\uc9c0 \uc54a\uc740 \ud56d\ubaa9\uc5d0 \ub300\ud55c \uc0c1\uc138\ud55c \uc9c8\uc801 \uc815\ubcf4\ub97c \uc81c\uacf5\ud569\ub2c8\ub2e4. \uc774\ub294 \uc7ac\ubb34 \ubd84\uc11d \uc804\uc5d0 \uc6d0\uc790\ub8cc\ub97c \uc870\uc815\ud558\ub294 \ub370 \ub9e4\uc6b0 \uc911\uc694\ud55c \uc790\ub8cc\uc785\ub2c8\ub2e4.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">\uc5f0\ub840 \ubcf4\uace0\uc11c \ubc0f \uacbd\uc601 \ubcf4\uace0\uc11c: \uc0ac\uc5c5 \uc804\ub7b5, \uc704\ud5d8 \uad00\ub9ac \ubc0f ESG \uc815\ubcf4\uc5d0 \ub300\ud55c \ub9e5\ub77d\uc744 \uc81c\uacf5\ud558\uc5ec \uc7ac\ubb34 \ubd84\uc11d\uac00\uac00 \uc6b4\uc601 \uc0c1\ud669\uc744 \uc774\ud574\ud558\ub294 \ub370 \ub3c4\uc6c0\uc744 \uc90d\ub2c8\ub2e4.<\/span><\/li>\n<\/ul>\n<h3><span class=\"ez-toc-section\" id=\"Phuong_phap_phan_tich_theo_chieu_ngang\"><\/span><b>\uc218\ud3c9 \ubd84\uc11d \ubc29\ubc95<\/b><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><span style=\"font-weight: 400;\">\uc774 \uc7ac\ubb34 \ubd84\uc11d \ubc29\ubc95\uc740 \uc5ec\ub7ec \ud68c\uacc4 \uae30\uac04(\uc77c\ubc18\uc801\uc73c\ub85c 3~5\ub144)\uc5d0 \uac78\uccd0 \uc7ac\ubb34 \uc9c0\ud45c\uc758 \ubcc0\ud654\ub97c \ucd94\uc801\ud558\ub294 \uac83\uc744 \ubaa9\ud45c\ub85c \ud569\ub2c8\ub2e4.<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">\uc6d0\uce59: \uc21c\ub9e4\ucd9c\uacfc \uac19\uc740 \ud2b9\uc815 \uc9c0\ud45c\ub97c \uae30\uac04\ubcc4\ub85c \ube44\uad50\ud569\ub2c8\ub2e4(2025\ub144\uacfc 2024\ub144 \ube44\uad50 \ub610\ub294 \uae30\uc900 \uc5f0\ub3c4 \ube44\uad50).<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">\ubc29\ubc95: \uc808\ub300 \ubcc0\ud654\ub7c9(\uc218\uce58 \ucc28\uc774)\uacfc \uc0c1\ub300 \ubcc0\ud654\ub7c9(\ubc31\ubd84\uc728 \ubcc0\ud654)\uc744 \uacc4\uc0b0\ud569\ub2c8\ub2e4.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">\uc911\uc694\uc131: \uc774 \ubc29\ubc95\uc740 \uc7ac\ubb34 \ubd84\uc11d\uac00\ub4e4\uc774 \uae30\uc5c5\uc758 \uc131\uc7a5 \ub610\ub294 \uac10\uc18c \ucd94\uc138\ub97c \ud30c\uc545\ud558\uace0 \uc218\uc775\uc774\ub098 \ube44\uc6a9\uc758 \uc548\uc815\uc131\uc744 \ud3c9\uac00\ud558\ub294 \ub370 \ub3c4\uc6c0\uc774 \ub429\ub2c8\ub2e4.<\/span><\/li>\n<\/ul>\n<h3><span class=\"ez-toc-section\" id=\"Phuong_phap_phan_tich_theo_chieu_doc\"><\/span><b>\uc218\uc9c1 \ubd84\uc11d \ubc29\ubc95<\/b><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><span style=\"font-weight: 400;\">\uc774\ub294 \uc5c5\uacc4 \ub0b4 \uc7ac\ubb34 \uad6c\uc870\uc640 \uacbd\uc7c1\ub825\uc744 \ud3c9\uac00\ud558\ub294 \ub370 \ub9e4\uc6b0 \uc911\uc694\ud55c \uae30\ubc95\uc785\ub2c8\ub2e4. \uc7ac\ubb34\uc81c\ud45c\uc758 \ubaa8\ub4e0 \ud56d\ubaa9\uc744 \uace0\uc815\ub41c \uae30\uc900 \uc9c0\ud45c\uc5d0 \ub300\ud55c \ubc31\ubd84\uc728\ub85c \ubcc0\ud658\ud558\ub294 \uacfc\uc815\uc744 \uac70\uce58\ub294\ub370, \uc774\ub97c &quot;\uc77c\ubc18 \ubc31\ubd84\uc728 \ubcf4\uace0\uc11c&quot;\ub77c\uace0 \ud569\ub2c8\ub2e4.<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">\uc7ac\ubb34\uc0c1\ud0dc\ud45c \uc791\uc131\uc744 \uc704\ud574\uc11c\ub294 \ucd1d\uc790\uc0b0\uc73c\ub85c \ub098\ub204\uc2ed\uc2dc\uc624.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">\uc190\uc775\uacc4\uc0b0\uc11c\ub97c \uc791\uc131\ud558\ub824\uba74 \uc21c\ub9e4\ucd9c\uc561\uc73c\ub85c \ub098\ub204\uc2ed\uc2dc\uc624.<\/span><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">\uc774 \ubc29\ubc95\uc740 \uc790\uc0b0 \uad6c\uc870(\uc720\ub3d9 \uc790\uc0b0\uc758 \ube44\uc728), \uc790\ubcf8 \uad6c\uc870(\ubd80\ucc44\uc758 \ube44\uc728), \ube44\uc6a9 \uad6c\uc870(\ub9e4\ucd9c\uc6d0\uac00 \ub610\ub294 \ub9e4\ucd9c\uc561)\ub97c \ud3c9\uac00\ud560 \uc218 \uc788\uac8c \ud574\uc90d\ub2c8\ub2e4. \ud2b9\ud788 \uaddc\ubaa8\uac00 \ub2e4\ub978 \uae30\uc5c5\ub4e4 \uac04\uc758 \ube44\uad50 \uc7ac\ubb34 \ubd84\uc11d\uc744 \uc218\ud589\ud560 \ub54c \uc720\uc6a9\ud569\ub2c8\ub2e4.<\/span><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Phan_tich_chuyen_sau_qua_He_thong_Ty_so_tai_chinh\"><\/span><b>\uc7ac\ubb34\ube44\uc728 \uc2dc\uc2a4\ud15c\uc744 \ud1b5\ud55c \uc2ec\uce35 \ubd84\uc11d<\/b><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<figure id=\"attachment_6938\" aria-describedby=\"caption-attachment-6938\" style=\"width: 1200px\" class=\"wp-caption aligncenter\"><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-6938\" src=\"https:\/\/ketoan.man.net.vn\/wp-content\/uploads\/2025\/10\/Phan-tich-tai-chinh-chuyen-sau-qua-He-thong-Ty-so-tai-chinh.jpg\" alt=\"Ph\u00e2n t\u00edch t\u00e0i ch\u00ednh chuy\u00ean s\u00e2u qua H\u1ec7 th\u1ed1ng T\u1ef7 s\u1ed1 t\u00e0i ch\u00ednh\" width=\"1200\" height=\"800\" srcset=\"https:\/\/ketoan.man.net.vn\/wp-content\/uploads\/2025\/10\/Phan-tich-tai-chinh-chuyen-sau-qua-He-thong-Ty-so-tai-chinh.jpg 1200w, https:\/\/ketoan.man.net.vn\/wp-content\/uploads\/2025\/10\/Phan-tich-tai-chinh-chuyen-sau-qua-He-thong-Ty-so-tai-chinh-300x200.jpg 300w, https:\/\/ketoan.man.net.vn\/wp-content\/uploads\/2025\/10\/Phan-tich-tai-chinh-chuyen-sau-qua-He-thong-Ty-so-tai-chinh-1024x683.jpg 1024w, https:\/\/ketoan.man.net.vn\/wp-content\/uploads\/2025\/10\/Phan-tich-tai-chinh-chuyen-sau-qua-He-thong-Ty-so-tai-chinh-768x512.jpg 768w, https:\/\/ketoan.man.net.vn\/wp-content\/uploads\/2025\/10\/Phan-tich-tai-chinh-chuyen-sau-qua-He-thong-Ty-so-tai-chinh-18x12.jpg 18w\" sizes=\"auto, (max-width: 1200px) 100vw, 1200px\" \/><figcaption id=\"caption-attachment-6938\" class=\"wp-caption-text\">\uc7ac\ubb34\ube44\uc728 \uc2dc\uc2a4\ud15c\uc744 \ud1b5\ud55c \uc2ec\uce35\uc801\uc778 \uc7ac\ubb34 \ubd84\uc11d.<\/figcaption><\/figure>\n<p><span style=\"font-weight: 400;\">\uc7ac\ubb34 \ube44\uc728\uc740 \ubaa8\ub4e0 \uc7ac\ubb34 \ubd84\uc11d \uacfc\uc815\uc758 \ud575\uc2ec\uc785\ub2c8\ub2e4. \uc774\ub7ec\ud55c \ube44\uc728\uc744 \uc815\ud655\ud558\uac8c \uacc4\uc0b0\ud558\uace0 \ud574\uc11d\ud558\ub294 \uac83\uc740 \ubd84\uc11d\uac00\uc758 \uc804\ubb38\uc131\uc744 \ubcf4\uc5ec\uc90d\ub2c8\ub2e4.<\/span><\/p>\n<h3><span class=\"ez-toc-section\" id=\"Nhom_Ty_so_thanh_khoan\"><\/span><b>\uc720\ub3d9\uc131 \ube44\uc728 \uadf8\ub8f9<\/b><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><span style=\"font-weight: 400;\">\uc774\ub7ec\ud55c \ube44\uc728\ub4e4\uc740 \uc790\uc0b0\uc744 \ud604\uae08\uc73c\ub85c \uc804\ud658\ud558\uc5ec \ub2e8\uae30 \ubd80\ucc44\ub97c \uc0c1\ud658\ud560 \uc218 \uc788\ub294 \ub2a5\ub825\uc744 \ud3c9\uac00\ud569\ub2c8\ub2e4.<\/span><\/p>\n<h4><span class=\"ez-toc-section\" id=\"Ty_so_thanh_toan_hien_hanh\"><\/span><b>\ud604\uc7ac \ube44\uc728<\/b><span class=\"ez-toc-section-end\"><\/span><\/h4>\n<p><span style=\"font-weight: 400;\">\uc9c0\ubd88 \ube44\uc728\uc740 \ub2e4\uc74c \uacf5\uc2dd\uc5d0 \ub530\ub77c \uacb0\uc815\ub429\ub2c8\ub2e4.<\/span><\/p>\n<table style=\"width: 100%; border-color: #000000;\" border=\"1\" cellspacing=\"2\" cellpadding=\"12\">\n<tbody>\n<tr>\n<td>\n<p style=\"text-align: center;\"><span style=\"font-weight: 400;\">\uc720\ub3d9\uc131 \ube44\uc728 = \uc720\ub3d9\uc790\uc0b0 \/ \uc720\ub3d9\ubd80\ucc44<\/span><\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p><span style=\"font-weight: 400;\">\uc77c\ubc18\uc801\uc73c\ub85c \uc548\uc804\ud55c \uc784\uacc4\uac12\uc740 1.0\ubcf4\ub2e4 \ud070 \uac83\uc73c\ub85c \uac04\uc8fc\ub418\uc9c0\ub9cc, \uc81c\uc870\uc5c5\uacfc \uac19\uc740 \ub9ce\uc740 \uc0b0\uc5c5\uc5d0\uc11c\ub294 2.0\ubcf4\ub2e4 \ud070 \ube44\uc728\uc744 \uc120\ud638\ud569\ub2c8\ub2e4. \ube44\uc728\uc774 \ub108\ubb34 \ub0ae\uc73c\uba74 \uc720\ub3d9\uc131 \uc704\ud5d8\uc758 \uc2e0\ud638\uc785\ub2c8\ub2e4.<\/span><\/p>\n<h4><span class=\"ez-toc-section\" id=\"Ty_so_thanh_toan_nhanh\"><\/span><b>\ube60\ub978 \ube44\uc728<\/b><span class=\"ez-toc-section-end\"><\/span><\/h4>\n<p><span style=\"font-weight: 400;\">\uc720\ub3d9\ube44\uc728\uc740 \ub2e4\uc74c \uacf5\uc2dd\uc5d0 \ub530\ub77c \uacb0\uc815\ub429\ub2c8\ub2e4.<\/span><\/p>\n<table style=\"width: 100%; border-color: #000000;\" border=\"1\" cellspacing=\"2\" cellpadding=\"12\">\n<tbody>\n<tr>\n<td>\n<p style=\"text-align: center;\"><span style=\"font-weight: 400;\">\uc720\ub3d9\ube44\uc728 = (\uc720\ub3d9\uc790\uc0b0 \u2013 \uc7ac\uace0\uc790\uc0b0) \/ \uc720\ub3d9\ubd80\ucc44<\/span><\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p><span style=\"font-weight: 400;\">\uc7ac\uace0(\ud604\uae08\ud654\ud558\uae30 \uac00\uc7a5 \uc5b4\ub824\uc6b4 \ud56d\ubaa9\uc778 \uacbd\uc6b0\uac00 \ub9ce\uc74c)\ub97c \ubd84\uc790\uc5d0\uc11c \uc81c\uc678\ud558\uba74 \uc9c0\uae09\ub2a5\ub825\uc744 \ubcf4\ub2e4 \ubcf4\uc218\uc801\uc73c\ub85c \ud3c9\uac00\ud560 \uc218 \uc788\uc2b5\ub2c8\ub2e4. \uc774 \ube44\uc728\uc740 \uc7ac\uace0\uac00 \ub9ce\uc740 \uae30\uc5c5\uc744 \ud3c9\uac00\ud560 \ub54c \uc7ac\ubb34 \ubd84\uc11d\uc5d0\uc11c \uc911\uc694\ud55c \uc9c0\ud45c\uc785\ub2c8\ub2e4.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">\ud604\uae08 \ube44\uc728\uc740 \ud604\uae08 \ubc0f \ud604\uae08\uc131 \uc790\uc0b0\uc73c\ub85c \ubd80\ucc44\ub97c \uc989\uc2dc \uc0c1\ud658\ud560 \uc218 \uc788\ub294 \ub2a5\ub825\uc744 \ud3c9\uac00\ud569\ub2c8\ub2e4.<\/span><\/p>\n<h3><span class=\"ez-toc-section\" id=\"Nhom_Ty_so_Hieu_suat_hoat_dong\"><\/span><b>\uc131\uacfc \ube44\uc728 \uadf8\ub8f9<\/b><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><span style=\"font-weight: 400;\">\uc774 \uadf8\ub8f9\uc740 \uae30\uc5c5\uc774 \uc790\uc0b0\uc744 \uc5bc\ub9c8\ub098 \ud6a8\uacfc\uc801\uc73c\ub85c \ud65c\uc6a9\ud558\uc5ec \uc218\uc775\uc744 \ucc3d\ucd9c\ud558\ub294\uc9c0 \ud3c9\uac00\ud569\ub2c8\ub2e4.<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">\uc7ac\uace0\ud68c\uc804\uc728: \uc7ac\uace0\uac00 \ud310\ub9e4\ub418\ub294 \ube48\ub3c4. \uc77c\ubc18\uc801\uc73c\ub85c \ub192\uc740 \ud68c\uc804\uc728\uc740 \uc88b\uc9c0\ub9cc, \uc9c0\ub098\uce58\uac8c \ub192\uc73c\uba74 \uc7ac\uace0 \ubd80\uc871\uc73c\ub85c \uc774\uc5b4\uc9c8 \uc218 \uc788\uc2b5\ub2c8\ub2e4.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">\ud3c9\uade0 \ud68c\uc218 \uae30\uac04: \uace0\uac1d\uc73c\ub85c\ubd80\ud130 \ub300\uae08\uc744 \ud68c\uc218\ud558\ub294 \ub370 \uac78\ub9ac\ub294 \ud3c9\uade0 \uc77c\uc218\uc785\ub2c8\ub2e4. \ud3c9\uade0 \ud68c\uc218 \uae30\uac04\uc774 \uc9e7\ub2e4\ub294 \uac83\uc740 \ub9e4\ucd9c\ucc44\uad8c \uad00\ub9ac \ud6a8\uc728\uc131\uc774 \ub5a8\uc5b4\uc9c4\ub2e4\ub294 \uac83\uc744 \uc758\ubbf8\ud569\ub2c8\ub2e4. \ucca0\uc800\ud55c \uc7ac\ubb34 \ubd84\uc11d\uc744 \ud1b5\ud574 \ud3c9\uade0 \ud68c\uc218 \uae30\uac04\uc744 \ud68c\uc0ac\uc758 \uc2e0\uc6a9 \uc815\ucc45\uacfc \ube44\uad50\ud574 \ubcfc \uc218 \uc788\uc2b5\ub2c8\ub2e4.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">\ucd1d\uc790\uc0b0\ud68c\uc804\uc728: \uc0ac\uc6a9 \uc911\uc778 \ucd1d\uc790\uc0b0\uc73c\ub85c\ubd80\ud130 \uc218\uc775\uc744 \ucc3d\ucd9c\ud558\ub294 \ub2a5\ub825. \uc774 \ube44\uc728\uc740 \uc804\ubc18\uc801\uc778 \uc7ac\ubb34 \ubd84\uc11d \uacfc\uc815\uc5d0\uc11c \uc790\uc0b0 \ud65c\uc6a9\uc758 \ud6a8\uc728\uc131\uc744 \ubcf4\uc5ec\uc90d\ub2c8\ub2e4.<\/span><\/li>\n<\/ul>\n<h3><span class=\"ez-toc-section\" id=\"Nhom_Ty_so_kha_nang_thanh_toan_hoac_Don_bay\"><\/span><b>\uc9c0\uae09\ub2a5\ub825\ube44\uc728 \ub610\ub294 \ub808\ubc84\ub9ac\uc9c0 \uadf8\ub8f9<\/b><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><span style=\"font-weight: 400;\">\ub808\ubc84\ub9ac\uc9c0 \ube44\uc728\uc740 \uc7a5\uae30\uc801\uc778 \uc7ac\ubb34 \ubd84\uc11d, \ud2b9\ud788 \ucc44\ubb34 \ubd88\uc774\ud589 \uc704\ud5d8\uc744 \ud3c9\uac00\ud558\ub294 \ub370 \ud575\uc2ec\uc801\uc778 \uc694\uc18c\uc785\ub2c8\ub2e4.<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">\ubd80\ucc44\ube44\uc728: \ucd1d\uc790\uc0b0 \uc911 \ubd80\ucc44\ub85c \uc870\ub2ec\ud55c \uae08\uc561\uc758 \ube44\uc728. \uc774 \ube44\uc728\uc774 \uc9c0\ub098\uce58\uac8c \ub192\uc73c\uba74 \uc7ac\uc815\uc801 \uc758\uc874\ub3c4\uac00 \ub192\uace0 \uc704\ud5d8\ub3c4\uac00 \ud06c\ub2e4\ub294 \uac83\uc744 \ub098\ud0c0\ub0c5\ub2c8\ub2e4.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">\ubd80\ucc44\ube44\uc728: \uc7ac\ubb34 \ub808\ubc84\ub9ac\uc9c0\ub97c \uce21\uc815\ud558\ub294 \uc9c0\ud45c\uc785\ub2c8\ub2e4. \uc774 \ube44\uc728\uc740 \uc790\ubcf8 \uad6c\uc870\uc5d0\uc11c \ubd80\ucc44\uac00 \uc790\uae30\uc790\ubcf8\ubcf4\ub2e4 \uc5bc\ub9c8\ub098 \uc6b0\uc120\uc2dc\ub418\ub294\uc9c0\ub97c \ub098\ud0c0\ub0c5\ub2c8\ub2e4.<\/span><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">\uc774\uc790\ubcf4\uc0c1\ube44\uc728\uc740 \ub2e4\uc74c\uacfc \uac19\uc774 \uacc4\uc0b0\ub429\ub2c8\ub2e4.<\/span><\/p>\n<table style=\"width: 100%; border-color: #000000;\" border=\"1\" cellspacing=\"2\" cellpadding=\"12\">\n<tbody>\n<tr>\n<td>\n<p style=\"text-align: center;\"><span style=\"font-weight: 400;\">\uc774\uc790\ubcf4\uc0c1\ube44\uc728 = \uc601\uc5c5\uc774\uc775 \/ \uc774\uc790\ube44\uc6a9<\/span><\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p><span style=\"font-weight: 400;\">\uc774 \uc9c0\ud45c\ub294 \uae30\uc5c5\uc758 \uc601\uc5c5 \uc774\uc775\uc774 \uc774\uc790 \ube44\uc6a9\uc744 \uba87 \ubc30\ub098 \ucda9\ub2f9\ud558\ub294\uc9c0\ub97c \ub098\ud0c0\ub0b4\uba70, \uc885\uc885 \ubd80\ucc44 \ube44\uc728\uacfc \uae08\uc735 \uae30\uad00\uc758 \uc774\uc790 \uc0c1\ud658 \ub2a5\ub825\uc5d0 \uc5c4\uaca9\ud55c \uc81c\uc57d\uc744 \uac00\ud569\ub2c8\ub2e4.<\/span><\/p>\n<h3><span class=\"ez-toc-section\" id=\"Nhom_Ty_so_kha_nang_sinh_loi\"><\/span><b>\uc218\uc775\uc131 \ube44\uc728 \uadf8\ub8f9<\/b><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><span style=\"font-weight: 400;\">\ud22c\uc790\uc790\ub4e4\uc774 \uacbd\uc601 \ud6a8\uc728\uc131\uacfc \uc218\uc775\uc131\uc744 \ud3c9\uac00\ud560 \ub54c \uac00\uc7a5 \uc911\uc694\ud558\uac8c \uc0dd\uac01\ud558\ub294 \ube44\uc728\ub4e4\uc774 \ubc14\ub85c \uc774\ub7ec\ud55c \uc218\uce58\ub4e4\uc785\ub2c8\ub2e4.<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">\ucd1d\uc774\uc775\ub960: \uc0dd\uc0b0 \uc6b4\uc601\uc758 \ud6a8\uc728\uc131\uacfc \ub9e4\ucd9c\uc6d0\uac00 \uad00\ub9ac \ub2a5\ub825\uc744 \ubc18\uc601\ud569\ub2c8\ub2e4.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">\uc21c\uc774\uc775\ub960: \ubaa8\ub4e0 \ube44\uc6a9\uacfc \uc138\uae08\uc744 \uacf5\uc81c\ud55c \ud6c4 \uc218\uc775\uc744 \ucd5c\uc885 \uc774\uc775\uc73c\ub85c \uc804\ud658\ud558\ub294 \ub2a5\ub825.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">\uc790\uae30\uc790\ubcf8\uc774\uc775\ub960(ROE): \uc8fc\uc8fc \uc790\ubcf8 1\ub2ec\ub7ec\ub2f9 \ucc3d\ucd9c\ub418\ub294 \uc774\uc775\uc744 \ub098\ud0c0\ub0c5\ub2c8\ub2e4. \uc7ac\ubb34 \ubd84\uc11d\uc5d0\uc11c ROE\ub294 \uc218\uc775\uc131\uc744 \uc88c\uc6b0\ud558\ub294 \uc694\uc778(\uc774\uc775\ub960, \uc790\uc0b0 \ud65c\uc6a9 \ud6a8\uc728\uc131 \ub610\ub294 \uc7ac\ubb34 \ub808\ubc84\ub9ac\uc9c0)\uc744 \ud30c\uc545\ud558\ub294 \ub370 \uc790\uc8fc \uc0ac\uc6a9\ub429\ub2c8\ub2e4.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">\uc790\uc0b0\uc218\uc775\ub960(ROA): \ucd1d\uc790\uc0b0\uc744 \ud65c\uc6a9\ud558\uc5ec \uc774\uc775\uc744 \ucc3d\ucd9c\ud558\ub294 \ud6a8\uc728\uc131\uc744 \uce21\uc815\ud569\ub2c8\ub2e4.<\/span><\/li>\n<\/ul>\n<h2><span class=\"ez-toc-section\" id=\"Phuong_phap_phan_tich_dong_tien_va_rui_ro_doanh_nghiep\"><\/span><b>\ud604\uae08 \ud750\ub984 \ubc0f \uc0ac\uc5c5 \uc704\ud5d8 \ubd84\uc11d \ubc29\ubc95.<\/b><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<figure id=\"attachment_6937\" aria-describedby=\"caption-attachment-6937\" style=\"width: 1200px\" class=\"wp-caption aligncenter\"><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-6937\" src=\"https:\/\/ketoan.man.net.vn\/wp-content\/uploads\/2025\/10\/Phan-tich-tai-chinh-dong-tien-va-rui-ro-doanh-nghiep.jpg\" alt=\"Ph\u00e2n t\u00edch t\u00e0i ch\u00ednh d\u00f2ng ti\u1ec1n v\u00e0 r\u1ee7i ro doanh nghi\u1ec7p\" width=\"1200\" height=\"800\" srcset=\"https:\/\/ketoan.man.net.vn\/wp-content\/uploads\/2025\/10\/Phan-tich-tai-chinh-dong-tien-va-rui-ro-doanh-nghiep.jpg 1200w, https:\/\/ketoan.man.net.vn\/wp-content\/uploads\/2025\/10\/Phan-tich-tai-chinh-dong-tien-va-rui-ro-doanh-nghiep-300x200.jpg 300w, https:\/\/ketoan.man.net.vn\/wp-content\/uploads\/2025\/10\/Phan-tich-tai-chinh-dong-tien-va-rui-ro-doanh-nghiep-1024x683.jpg 1024w, https:\/\/ketoan.man.net.vn\/wp-content\/uploads\/2025\/10\/Phan-tich-tai-chinh-dong-tien-va-rui-ro-doanh-nghiep-768x512.jpg 768w, https:\/\/ketoan.man.net.vn\/wp-content\/uploads\/2025\/10\/Phan-tich-tai-chinh-dong-tien-va-rui-ro-doanh-nghiep-18x12.jpg 18w\" sizes=\"auto, (max-width: 1200px) 100vw, 1200px\" \/><figcaption id=\"caption-attachment-6937\" class=\"wp-caption-text\">\ud604\uae08 \ud750\ub984 \ubc0f \uc0ac\uc5c5 \uc704\ud5d8\uc5d0 \ub300\ud55c \uc7ac\ubb34 \ubd84\uc11d.<\/figcaption><\/figure>\n<p><span style=\"font-weight: 400;\">\uc218\uc775\uc131, \ud604\uae08 \ud750\ub984 \ucc3d\ucd9c \ub2a5\ub825 \ubc0f \uc7a0\uc7ac\uc801 \uc704\ud5d8 \uc218\uc900\uc744 \ud3c9\uac00\ud558\uae30 \uc704\ud574\uc11c\ub294 \uc2e4\uc81c \ud604\uae08 \ud750\ub984\uacfc \uc815\ub7c9\uc801 \uc704\ud5d8 \ubaa8\ub378\uc744 \uc2ec\uce35\uc801\uc73c\ub85c \ubd84\uc11d\ud574\uc57c \ud569\ub2c8\ub2e4. \uc544\ub798 \uc81c\uc2dc\ub41c \ubc29\ubc95\ub4e4\uc740 \uc7ac\ubb34 \ubd88\uade0\ud615\uc758 \ucd08\uae30 \uc9d5\ud6c4\uc640 \uae30\uc5c5 \uac00\uce58 \ud558\ub77d \uc704\ud5d8\uc744 \ud30c\uc545\ud558\ub294 \ub370 \ub3c4\uc6c0\uc774 \ub418\ub294 \uc2ec\uce35\uc801\uc778 \ubd84\uc11d \ud504\ub808\uc784\uc6cc\ud06c\ub97c \uc81c\uacf5\ud569\ub2c8\ub2e4.<\/span><\/p>\n<h3><span class=\"ez-toc-section\" id=\"Phan_tich_Bao_cao_Luu_chuyen_Tien_te\"><\/span><b>\ud604\uae08\ud750\ub984\ud45c \ubd84\uc11d<\/b><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><span style=\"font-weight: 400;\">\ud604\uae08 \ud750\ub984\uc740 \uc0ac\uc5c5\uc758 &quot;\uc0dd\uba85\uc904&quot;\uc785\ub2c8\ub2e4. \ud604\uae08 \ud750\ub984\uc744 \ubb34\uc2dc\ud558\ub294 \uc7ac\ubb34 \ubd84\uc11d\uc740 \uc2ec\uac01\ud55c \uc624\ub958\uc785\ub2c8\ub2e4. \ud604\uae08 \ud750\ub984\uc740 \ub2e4\uc74c \uc138 \uac00\uc9c0 \ud65c\ub3d9\uc744 \uae30\ubc18\uc73c\ub85c \ud569\ub2c8\ub2e4.<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">\uc601\uc5c5\ud65c\ub3d9 \ud604\uae08\ud750\ub984(CFO): \ud575\uc2ec \uc0ac\uc5c5 \uc6b4\uc601\uc5d0\uc11c \ubc1c\uc0dd\ud558\ub294 \ud604\uae08 \uc720\uc785 \ub610\ub294 \uc720\ucd9c. \ud0c4\ud0c4\ud55c CFO\ub294 \uac74\uc804\ud55c \uc0ac\uc5c5\uc758 \uae30\ubc18\uc785\ub2c8\ub2e4.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">\ud22c\uc790\ud65c\ub3d9 \ud604\uae08\ud750\ub984(CFI): \uc790\uc0b0 \ucde8\ub4dd\uc5d0 \uc9c0\ucd9c\ub41c \ud604\uae08(CAPEX) \ub610\ub294 \uc790\uc0b0\uc774\ub098 \ud22c\uc790 \ucc98\ubd84\uc73c\ub85c \uc218\uc785\ub41c \ud604\uae08.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">\uc7ac\ubb34\ud65c\ub3d9\uc73c\ub85c \uc778\ud55c \ud604\uae08\ud750\ub984(CFF): \uc790\uae30\uc790\ubcf8 \ubc0f \ubd80\ucc44\uc640 \uad00\ub828\ub41c \ud604\uae08 \uc720\uc785 \ub610\ub294 \uc720\ucd9c(\uc608: \ucc28\uc785, \ubc30\ub2f9\uae08 \uc9c0\uae09).<\/span><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">\uafb8\uc900\ud788 \uc131\uc7a5\ud558\ub294 \uae30\uc5c5\uc740 \uc77c\ubc18\uc801\uc73c\ub85c CFO\uac00 0\ubcf4\ub2e4 \ud06c\uace0(\uc790\uccb4 \ud604\uae08 \ucc3d\ucd9c), CFI\uac00 0\ubcf4\ub2e4 \uc791\uc73c\uba70(\ud655\uc7a5 \ud22c\uc790 \uc9c0\ucd9c), CFF\uac00 0\ubcf4\ub2e4 \uc791\uc2b5\ub2c8\ub2e4(\ubd80\ucc44 \uc0c1\ud658 \ubc0f \ubc30\ub2f9\uae08 \uc9c0\uae09).<\/span><\/p>\n<p><span style=\"font-weight: 400;\">\ud604\ub300 \uc7ac\ubb34 \ubd84\uc11d\uc740 \ud544\uc218 \uc790\ubcf8 \uc9c0\ucd9c(CAPEX)\uc744 \uacf5\uc81c\ud55c \ud6c4 \ub0a8\uc740 \uae08\uc561\uc778 \uc789\uc5ec \ud604\uae08 \ud750\ub984(FCF)\uc5d0 \ucd08\uc810\uc744 \ub9de\ucd94\ub294\ub370, \uc774\ub294 \ubc30\ub2f9\uae08 \uc9c0\uae09, \uc790\uc0ac\uc8fc \ub9e4\uc785 \ub610\ub294 \ube44\ud544\uc218 \ud22c\uc790\uc5d0 \uc0ac\uc6a9\ub429\ub2c8\ub2e4.<\/span><\/p>\n<h3><span class=\"ez-toc-section\" id=\"Phan_tich_Mo_hinh_Du_bao_pha_san\"><\/span><b>\ud30c\uc0b0 \uc608\uce21 \ubaa8\ub378 \ubd84\uc11d<\/b><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><span style=\"font-weight: 400;\">\uc774 \ubaa8\ub378\ub4e4\uc740 \uae08\uc735 \ubd84\uc11d\uc5d0\uc11c \uc704\ud5d8\uc744 \uc870\uae30\uc5d0 \uc608\uce21\ud558\ub294 \ub3c4\uad6c\uc785\ub2c8\ub2e4.<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">\uc54c\ud2b8\ub9cc Z-\uc810\uc218 \ubaa8\ub378: \uc774 \ubaa8\ub378\uc740 \ud30c\uc0b0 \ud655\ub960\uc744 \uc608\uce21\ud558\uae30 \uc704\ud574 \uac1c\ubc1c\ub41c \ub2e4\ubcc0\ub7c9 \ubaa8\ub378\uc785\ub2c8\ub2e4. \ubcf5\uc7a1\ud55c \uacf5\uc2dd\uc740 \ub2e4\uc12f \uac00\uc9c0 \uc7ac\ubb34 \ube44\uc728\uc744 \uae30\ubc18\uc73c\ub85c \ud569\ub2c8\ub2e4. Z-\uc810\uc218\uac00 \ud2b9\uc815 \uc784\uacc4\uac12(\uc77c\ubc18\uc801\uc73c\ub85c 1.81) \ubbf8\ub9cc\uc774\uba74 2\ub144 \uc774\ub0b4\uc5d0 \ud30c\uc0b0\ud560 \uc704\ud5d8\uc774 \uc788\uc74c\uc744 \ub098\ud0c0\ub0c5\ub2c8\ub2e4.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">\uc2a4\ud504\ub9c1\uac8c\uc774\ud2b8 \ubaa8\ub378: \ub354 \ub2e8\uc21c\ud558\uba70, \uc8fc\ub85c \uc911\uc18c\uae30\uc5c5\uc774\ub098 \ubca0\ud2b8\ub0a8\uacfc \uac19\uc740 \uc2e0\ud765 \uc2dc\uc7a5\uc5d0 \uc801\uc6a9\ub429\ub2c8\ub2e4. \uc774 \ubaa8\ub378 \uc5ed\uc2dc \uae30\ubcf8\uc801\uc778 \uc7ac\ubb34 \ube44\uc728\uc744 \uc0ac\uc6a9\ud558\uc5ec \uc7ac\ubb34 \uc704\ud5d8\uc744 \uc608\uce21\ud569\ub2c8\ub2e4.<\/span><\/li>\n<\/ul>\n<h3><span class=\"ez-toc-section\" id=\"Phan_tich_rui_ro_va_tinh_khong_chac_chan\"><\/span><b>\uc704\ud5d8 \ubc0f \ubd88\ud655\uc2e4\uc131 \ubd84\uc11d<\/b><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">\uc0ac\uc5c5 \uc704\ud5d8: \uc601\uc5c5\uc774\uc775(EBIT)\uc758 \ubcc0\ub3d9\uc131 \uc815\ub3c4\uc640 \ub9e4\ucd9c\uc5d0 \ub300\ud55c EBIT\uc758 \ubbfc\uac10\ub3c4\ub85c \uce21\uc815\ub429\ub2c8\ub2e4.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">\uc7ac\ubb34\uc801 \uc704\ud5d8: \uc7ac\ubb34 \ub808\ubc84\ub9ac\uc9c0(\ubd80\ucc44) \uc0ac\uc6a9\uc73c\ub85c \uc778\ud574 \ubc1c\uc0dd\ud558\ub294 \uc704\ud5d8\uc785\ub2c8\ub2e4. \ubd80\ucc44\ube44\uc728\uc774 \ub192\uc744\uc218\ub85d \uc704\ud5d8\ub3c4 \ub192\uc544\uc9d1\ub2c8\ub2e4.<\/span><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">\uc7ac\ubb34 \ubd84\uc11d \uacfc\uc815\uc5d0\uc11c\ub294 \uc0ac\uc5c5 \uc804\ub9dd\uc5d0 \ub300\ud55c \uade0\ud615 \uc7a1\ud78c \ud3c9\uac00\ub97c \ub3c4\ucd9c\ud558\uae30 \uc704\ud574 \ub450 \uac00\uc9c0 \uc720\ud615\uc758 \uc704\ud5d8\uc744 \ubaa8\ub450 \uc815\ub7c9\ud654\ud574\uc57c \ud569\ub2c8\ub2e4.<\/span><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Ket_luan\"><\/span><b>\ub05d\ub0b4\ub2e4<\/b><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><span style=\"font-weight: 400;\">\uc7ac\ubb34 \ubd84\uc11d\uc740 \ub2e8\uc21c\ud788 \ube44\uc728\uc744 \uacc4\uc0b0\ud558\uac70\ub098 \uc7ac\ubb34\uc81c\ud45c\ub97c \ud574\uc11d\ud558\ub294 \uac83\uc5d0 \uadf8\uce58\uc9c0 \uc54a\uc2b5\ub2c8\ub2e4. \uae30\uc5c5\uc758 \ud604\uae08 \ud750\ub984, \uc704\ud5d8 \uc694\uc18c, \uadf8\ub9ac\uace0 \uc9c0\uc18d \uac00\ub2a5\ud55c \uac00\uce58 \ucc3d\ucd9c \ub2a5\ub825\uc744 \uc2ec\uce35\uc801\uc73c\ub85c \ubd84\uc11d\ud558\ub294 \uacfc\uc815\uc785\ub2c8\ub2e4. \uc815\ud655\ud558\uace0 \uc2e0\ub8b0\ud560 \uc218 \uc788\ub294 \ub370\uc774\ud130\ub97c \uae30\ubc18\uc73c\ub85c \uc218\ud589\ub420 \uacbd\uc6b0, \uc7ac\ubb34 \ubd84\uc11d\uc740 \uacbd\uc601\uc9c4\uc758 \uc758\uc0ac\uacb0\uc815 \ud6a8\uc728\uc131\uc744 \ub192\uc774\ub294 \ub370 \ud544\uc218\uc801\uc778 \ub3c4\uad6c\uac00 \ub420 \ubfd0\ub9cc \uc544\ub2c8\ub77c, \ud22c\uc790\uc790\ub4e4\uc774 \ubcc0\ub3d9\uc131\uc774 \ud070 \uacbd\uc81c \ud658\uacbd \uc18d\uc5d0\uc11c \ud22c\uc790 \uae30\ud68c\ub97c \ud3ec\ucc29\ud558\uace0 \uc704\ud5d8\uc744 \uc644\ud654\ud558\ub294 \ub370\uc5d0\ub3c4 \ub3c4\uc6c0\uc744 \uc90d\ub2c8\ub2e4.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">\uadc0\uc0ac\uc758 \uc0ac\uc5c5\uc5d0 \uad6d\uc81c \uae30\uc900\uc744 \uc900\uc218\ud558\ub294 \ub3c5\ub9bd\uc801\uc774\uace0 \uc2ec\uce35\uc801\uc778 \uc7ac\ubb34 \ubd84\uc11d \uad00\uc810\uc774 \ud544\uc694\ud558\ub2e4\uba74, \uc800\ud76c\uc5d0\uac8c \uc5f0\ub77d\ud558\uc2ed\uc2dc\uc624. <a href=\"https:\/\/ketoan.man.net.vn\/ko\/lien-he\/\">\uc5f0\ub77d\ud558\ub2e4<\/a> MAN(Master Accountant Network)\uc740 \uc804\ubb38\uac00\ub4e4\uc774 \uc544\uc774\ub514\uc5b4\ub97c \uad50\ud658\ud558\uace0 \uacbd\uc601 \ud488\uc9c8 \ucd5c\uc801\ud654\ub97c \uc704\ud55c \uad6c\uccb4\uc801\uc778 \uc870\uc5b8\uc744 \ubc1b\uc744 \uc218 \uc788\ub294 \ud50c\ub7ab\ud3fc\uc744 \uc81c\uacf5\ud569\ub2c8\ub2e4.<\/span><\/p>\n<h3><span class=\"ez-toc-section\" id=\"Thong_tin_lien_he_MAN_%E2%80%93_Master_Accountant_Network\"><\/span><b>\uc5f0\ub77d\ucc98 \uc815\ubcf4 MAN \u2013 Master Accountant Network<\/b><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">\uc8fc\uc18c: \ud638\uce58\ubbfc\uc2dc \ud0c4\ud22c\uc548\uad6c 43\ubc88\uac00 19A\ud638<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">\ubaa8\ubc14\uc77c\/Zalo: 0903 963 163 \u2013 0903 428 622<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">\uc774\uba54\uc77c: man@man.net.vn<\/span><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">\ucf58\ud150\uce20 \uc81c\uc791\uc790: Mr. <\/span><a href=\"https:\/\/man.net.vn\/le-hoang-tuyen\/\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">\ub808 \ud638\uc559 \ud22c\uc60c<\/span><\/a> <span style=\"font-weight: 400;\">\u2013 \ucc3d\ub9bd\uc790 \uacb8 CEO MAN \u2013 Master Accountant Network, \ubca0\ud2b8\ub0a8 CPA \uac10\uc0ac\uc6d0\uc73c\ub85c \ud68c\uacc4, \uac10\uc0ac \ubc0f \uc7ac\ubb34 \ucee8\uc124\ud305 \ubd84\uc57c\uc5d0\uc11c 30\ub144 \uc774\uc0c1\uc758 \uacbd\ub825\uc744 \ubcf4\uc720\ud558\uace0 \uc788\uc2b5\ub2c8\ub2e4.<\/span><\/p>\n<p style=\"text-align: right;\"><b><i>MAN(Master Accountant Network) \ud3b8\uc9d1\uc704\uc6d0\ud68c<\/i><\/b><\/p>","protected":false},"excerpt":{"rendered":"<p>\uc7ac\ubb34 \ubd84\uc11d\uc740 \uae30\uc5c5 \uacbd\uc601 \ubc0f \ud22c\uc790\uc5d0 \ud544\uc218\uc801\uc778 \ub3c4\uad6c\ub85c\uc11c, \uae30\uc5c5\uc758 \uac74\uc804\uc131\uacfc \uc131\uc7a5 \uc7a0\uc7ac\ub825\uc744 \ud3c9\uac00\ud558\ub294 \ub370 \ud575\uc2ec\uc801\uc778 \uc5ed\ud560\uc744 \ud569\ub2c8\ub2e4. \uc624\ub298\ub0a0\uacfc \uac19\uc774 \uc138\uacc4\ud654\ub418\uace0 \ubcc0\ub3d9\uc131\uc774 \ud070 \uacbd\uc81c \ud658\uacbd\uc5d0\uc11c [\u2026]<\/p>","protected":false},"author":3,"featured_media":6936,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[13,16],"tags":[],"class_list":["post-5891","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-kien-thuc","category-ke-toan-noi-bo"],"acf":[],"_links":{"self":[{"href":"https:\/\/ketoan.man.net.vn\/ko\/wp-json\/wp\/v2\/posts\/5891","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/ketoan.man.net.vn\/ko\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ketoan.man.net.vn\/ko\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ketoan.man.net.vn\/ko\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/ketoan.man.net.vn\/ko\/wp-json\/wp\/v2\/comments?post=5891"}],"version-history":[{"count":3,"href":"https:\/\/ketoan.man.net.vn\/ko\/wp-json\/wp\/v2\/posts\/5891\/revisions"}],"predecessor-version":[{"id":6940,"href":"https:\/\/ketoan.man.net.vn\/ko\/wp-json\/wp\/v2\/posts\/5891\/revisions\/6940"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ketoan.man.net.vn\/ko\/wp-json\/wp\/v2\/media\/6936"}],"wp:attachment":[{"href":"https:\/\/ketoan.man.net.vn\/ko\/wp-json\/wp\/v2\/media?parent=5891"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ketoan.man.net.vn\/ko\/wp-json\/wp\/v2\/categories?post=5891"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ketoan.man.net.vn\/ko\/wp-json\/wp\/v2\/tags?post=5891"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}