In the United States at the beginni

In the United States at the beginning of the 20th century, the early financial analysis mainly focused on the analysis of external personnel of the company, mainly serving bankers. With the continuous development of the economy and the gradual growth of the scale of enterprises, financial analysis plays an increasingly important role in the development of enterprises, and it has been valued more and more by people and has achieved rapid development. In the early 20th century, American scholar Alexander Wall first proposed a ratio analysis method, which was relatively complete compared with the financial analysis method at that time. This method judges the financial status of the enterprise by analyzing several financial ratio indicators of the enterprise.Evaluate the financial credit level of the enterprise. The American DuPont company creatively invented the DuPont analysis system. The DuPont financial analysis system takes the financial indicators of corporate return on net assets as the core, incorporates asset turnover indicators and sales profit rates, and gradually decomposes them on the basis of combining the two. In the end, an organic unity was formed. The DuPont analysis system effectively overcomes the shortcomings of the original financial ratio analysis method. Morton Miller and Franco Motiani proposed the theory of economic value added. Two professors from Harvard University jointly proposed a balanced scorecard, which organically combines static financial indicators and dynamic non-financial indicators, effectively overcoming the shortcomings of financial analysis methods that only take financial indicators as the core. An all-round analysis and a detailed understanding of the business development status of the enterprise can better help the enterprise improve its operating performance and get out of the predicament. Kaplan and Norton first proposed in 2000In addition to the concept of strategy map, the strategy map helps the balanced scorecard to transform the strategic vision into measurable organizational and personal indicators, and realizes the strategic management function of the balanced scorecard. With the gradual maturity of financial analysis methods, scholars began to seek to establish a financial analysis framework system.