Detail Free Cash Flow Perusahaan : Apa, Untuk Apa, dan Bagaimana Proses Penentuannya (artikel di dalam Jurnal Manajemen Vol.3, No.1; Mei 2006) Bibliografi Author: Bararuallo, Frans Topik: Free Cash Flow; Terminal Value; Economic Value Added; Economic Profit Bahasa: (ID )    ISBN: 1829-6211(ISSN)     Penerbit: Fakultas Ekonomi Unika Atma Jaya     Tempat Terbit: Jakarta    Tahun Terbit: 2006     Jenis: Article - diterbitkan di jurnal ilmiah nasional Fulltext: Frans Bararuallo.pdf (3.32MB; 36 download) Abstract This paper assists the user of discounted free cash flow (DCF) method by setting forth the difference between the free-cash-flow (FCF), the economic value added (EVA), and the economic profit (EP) concepts to each other. Beginning with the balance sheet and income statement identity, we show that the discounting of appropriately defined cash-flows under the free-cash-flow valuation approach is mathematically equivalent to the discounting of appropriately defined economic profits under the EVA approach. The concept of net operating profit after-tax (NOPAT) found by adding after-tax interest payments to net profit after taxes. The FCF approach focuses on the periodic total cash flows obtained by deducting total net investment and adding net debt issuance to net operating cash flow, whereas the EVA approach requires defining the periodic total investment in the firm. Although, in a project valuation context, both FCF and EVA are conceptually equivalent to net present value (NPV) but in this paper we didn't analyzed it. We focused on the difference between FCF, EVA, and EP, and what is FCF and what for, and what its determining process. At the end of our analysis, we show the useful of the FCF in business as the general and how to control its using in the day-to-day of business operations. Opini Anda Klik untuk menuliskan opini Anda tentang koleksi ini! Lihat Sejarah Pengadaan  Konversi Metadata   Kembali

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