However, when filling in some reports that are not very strict, you can fill in the accuracy of 1000 yuan or 10000 yuan, which can be rounded off, such as statistical reports or questionnaires;
The relationship between sales revenue and tax payable is related to the type of enterprise. Generally speaking, if your company's sales revenue is 400 million yuan, it is very possible to pay taxes at 9 million yuan, but it also depends on the preferential policies of the tax bureau where the enterprise is located.
Knowledge of financial statements
1, understand the content behind the numbers; Corporate financial data reflect real-world events. If you can visualize the basic reality of these basic quantitative information, then these figures and the financial ratios/indicators obtained from them for investment analysis will be easier to understand. For example, before you start to deal with numbers, you should know about the company's behavior, products and/or services and its industry.
2. Diversity of financial reports; Don't expect financial statements to conform to a single model. Many articles and books on the analysis of financial statements have adopted general methods. Inexperienced investors will get lost when they encounter the account introduction of non-mainstream or so-called "typical" companies. Remember, the diversity of business activities leads to the diversity of financial statement presentation. This is especially true for balance sheets; Income statement and cash flow statement are not easily affected by this phenomenon.
3. The challenge of understanding financial terms; The lack of standardization of financial reporting terms makes the accounting entries in many financial statements difficult to understand. This situation may confuse start-up investors. In the foreseeable future, there is little hope that things will change on this issue, but a good financial dictionary can help a lot.
4. Accounting is an art, not a science; As stated in the financial statements, the performance of the company's financial position is influenced by management's estimation and judgment. In the best case, the management is strictly honest and frank, while the external auditor is strict and uncompromising. In any case, the inherent inaccuracy in the accounting process means that prudent investors should take an inquiring and skeptical attitude towards the analysis of financial statements.
5. Two important accounting practices; Generally accepted accounting principles (GAAP) or international financial reporting standards (IFRS) are used to prepare financial statements. Both methods are legal in the United States, although generally accepted accounting principles are the most commonly used. The main difference between them is that GAAP is more "rule-based" while IFRS is "principle-based". Both have different methods to report asset value, depreciation, inventory and so on.
6. Non-financial statement information; Information about economic situation, industry and competitive factors, market forces, technological changes, management and labor quality is not directly reflected in the company's financial statements. Investors need to realize that financial statement insight is only an important part, but it is part of the information problem of large-scale investment.
7. Financial ratios and indicators; Absolute figures in financial statements are of little value to investment analysis, because investment analysis must transform these figures into meaningful relationships to judge the company's financial performance and status. The resulting ratio and indicators must be in a long period of time to reflect the trend. Here, once again, beware of one size fits all. Evaluative financial indicators may vary greatly due to industry, company size and development stage.