EPISODE · Apr 24, 2026 · 18 MIN
中级财务管理 投资管理03 投资分类与现金流计算
from 2026中级财务管理:公式减法,5分钟听懂核心逻辑
【本期主题】 拆解投资项目现金流计算的核心规则——全投资假设剥离融资成本、现金流量时点假设的数学模型、建设期资本化利息vs营业期利息的本质差异、垫支营运资金的"血管血液"比喻、非付现成本抵税的精妙机制。【核心案例】 为什么50亿项目要假装全是自有资金?为什么折旧没真花钱却能抵税?工厂开工第一天为什么必须垫支营运资金?税率大幅降低后营业现金净流量会变多还是变少?
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中级财务管理 投资管理03 投资分类与现金流计算
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