近些年来,投资者的现金流量意识大大提高,从仅重视利润转而关注现金流量。特别是随着2001年上市公司造假事件频频曝光,现金流量表更加受到重视。但是,我们也不能从一个极端走向另一个极端,以为现金流量“包治百病”。其实,与会计利润一样,现金流量也可以粉饰和美化。本文拟对现金流量表的主要粉饰手段及其识别方法加以探讨。 In recent years, investors have greatly increased their awareness of cash flow, focusing on profit instead of cash flow. Especially with the frequent exposure of counterfeiting of listed companies in 2001, cash flow more attention. However, we can not move from one extreme to the other, thinking that cash flow is “overwritten”. In fact, like accounting profits, cash flow can also be whitewashing and landscaping. This paper intends to discuss the major methods of cash flow and its identification methods.