Earticle

초록

영어

The aim of this study is to investigate and develop the extended models for Economic Cash Amount(ECA), Cash Break Even-Point(BEP), and Cash Flow Statement(CFS) by referencing systematic literature review in the field. The study develops three extended models to determine the optimal cash amount: ECA model with interest opportunity cost, financing transaction cost and financing fail cost, ECA model with daily cash supply and interest opportunity cost, ECA model with financing fail cost and interest opportunity cost. Earnings Before Interests, Tax, Depreciation and Amortization(EBITDA) is obtained by subtracting noncash depreciation costs from Earning Before Interest and Tax(EBIT), which is efficient metric to evaluate operating cash flow. The research also develops two extended Cash BEP models, considered as interest and corporate tax, in order to indentify the break-even point as EBITDA equals zero. Furthermore, this paper proposes the modified version of CFS by introducing the reclassification of operating and financing accounts in the statement of financial position. In addition, the study also present the reclassification of five types of profit, such as gross profit, EBIT, ordinary profit, special profit, and net profit within the statement of comprehensive income. In order to provide a better understanding of the proposed cash flow models, numerical examples, such as two-sample t test and Analysis of Variance(ANOVA), are presented to demonstrate the statistical significance according to the industrial types for net working capital(i.e cash-to-cash), net profit, operating cash flow and free cash flow.

목차

Abstract
 1. 서론
 2. 현금ECA 모형의 특징 및 확장
  2.1 이자기회비용과 자본조달비용을 고려한 현금ECA 모형의 특징
  2.2 현금ECA 모형의 확장
 3. 현금BEP 모형의 특징 및 확장
  3.1 회계BEP 모형과 현금BEP 모형의 특징
  3.2 현금BEP 모형의 확장
 4. 재무제표 재설계에 의한 현금흐름 모형의 확장
  4.1 재무제표 재설계모형
  4.2 현금흐름모형의 확장
  4.3 현금흐름 경영전략
 5. SCM과 TPM관점에서 업종간 현금흐름모형의 비교
  5.1 SCM 가치사슬 관점에서 업종간 C-2-C 모형의 비교
  5.2 TPM 설비투자관점에서 NP, OCF, FCF 모형의 비교
 6. 결론
 7. References

키워드

저자

• 최성운 [ Sungwoon Choi | 가천대학교 산업공학과 ] Corresponding Author

참고문헌

발행기관

간행물

표지보기 관심저널 등록

• 간행물명

  대한안전경영과학회지 [Journal of Korea Safety Management & Science]

• 간기

  계간

• pISSN

  1229-6783

• eISSN

  2288-1484

• 수록기간

  1999~2025

• 십진분류

  KDC 530 DDC 620