\u0110\u0103ng k\u00fd demo<\/span><\/a> \u0111\u1ec3 ch\u1ea1y th\u1eed tr\u00ean d\u1eef li\u1ec7u th\u1eadt.<\/p>\nC\u00e2u h\u1ecfi th\u01b0\u1eddng g\u1eb7p<\/h2>\nQu\u1ea3n l\u00fd t\u00e0i ch\u00ednh doanh nghi\u1ec7p l\u00e0 g\u00ec?<\/b><\/h3>\n
L\u00e0 vi\u1ec7c ra quy\u1ebft \u0111\u1ecbnh v\u1ec1 ba c\u00e2u h\u1ecfi: doanh nghi\u1ec7p n\u00ean b\u1ecf v\u1ed1n v\u00e0o \u0111\u00e2u, l\u1ea5y v\u1ed1n t\u1eeb ngu\u1ed3n n\u00e0o, v\u00e0 l\u1ee3i nhu\u1eadn th\u00ec chia hay gi\u1eef l\u1ea1i. M\u1ecdi ho\u1ea1t \u0111\u1ed9ng kh\u00e1c \u0111\u1ec1u ph\u1ee5c v\u1ee5 ba quy\u1ebft \u0111\u1ecbnh n\u00e0y.<\/p>\n
Qu\u1ea3n l\u00fd t\u00e0i ch\u00ednh kh\u00e1c g\u00ec k\u1ebf to\u00e1n?<\/b><\/h3>\n
K\u1ebf to\u00e1n ghi nh\u1eadn v\u00e0 b\u00e1o c\u00e1o vi\u1ec7c \u0111\u00e3 x\u1ea3y ra theo quy \u0111\u1ecbnh ph\u00e1p lu\u1eadt. Qu\u1ea3n l\u00fd t\u00e0i ch\u00ednh d\u00f9ng s\u1ed1 li\u1ec7u \u0111\u00f3 c\u00f9ng v\u1edbi d\u1ef1 b\u00e1o \u0111\u1ec3 ra quy\u1ebft \u0111\u1ecbnh v\u1ec1 t\u01b0\u01a1ng lai. K\u1ebf to\u00e1n l\u00e0 b\u1eaft bu\u1ed9c, qu\u1ea3n l\u00fd t\u00e0i ch\u00ednh l\u00e0 l\u1ef1a ch\u1ecdn c\u1ee7a doanh nghi\u1ec7p.<\/p>\n
WACC l\u00e0 g\u00ec v\u00e0 t\u00ednh th\u1ebf n\u00e0o?<\/b><\/h3>\n
WACC l\u00e0 chi ph\u00ed s\u1eed d\u1ee5ng v\u1ed1n b\u00ecnh qu\u00e2n, t\u00ednh b\u1eb1ng t\u1ef7 tr\u1ecdng n\u1ee3 nh\u00e2n l\u00e3i su\u1ea5t vay sau thu\u1ebf, c\u1ed9ng t\u1ef7 tr\u1ecdng v\u1ed1n ch\u1ee7 s\u1edf h\u1eefu nh\u00e2n chi ph\u00ed v\u1ed1n ch\u1ee7 s\u1edf h\u1eefu. \u0110\u00e2y l\u00e0 ng\u01b0\u1ee1ng sinh l\u1eddi t\u1ed1i thi\u1ec3u, d\u1ef1 \u00e1n d\u01b0\u1edbi ng\u01b0\u1ee1ng n\u00e0y l\u00e0m gi\u1ea3m gi\u00e1 tr\u1ecb doanh nghi\u1ec7p d\u00f9 c\u00f3 th\u1ec3 v\u1eabn c\u00f3 l\u00e3i k\u1ebf to\u00e1n.<\/p>\n
NPV v\u00e0 IRR kh\u00e1c nhau th\u1ebf n\u00e0o?<\/b><\/h3>\n
NPV \u0111o gi\u00e1 tr\u1ecb tuy\u1ec7t \u0111\u1ed1i m\u00e0 d\u1ef1 \u00e1n t\u1ea1o th\u00eam, t\u00ednh b\u1eb1ng ti\u1ec1n. IRR \u0111o t\u1ef7 su\u1ea5t sinh l\u1eddi c\u1ee7a d\u1ef1 \u00e1n, t\u00ednh b\u1eb1ng ph\u1ea7n tr\u0103m. Khi hai ch\u1ec9 s\u1ed1 cho k\u1ebft lu\u1eadn tr\u00e1i ng\u01b0\u1ee3c, th\u01b0\u1eddng v\u00ec hai d\u1ef1 \u00e1n kh\u00e1c quy m\u00f4, n\u00ean \u01b0u ti\u00ean NPV.<\/p>\n
Vay nhi\u1ec1u c\u00f3 t\u1ed1t kh\u00f4ng?<\/b><\/h3>\n
V\u1ed1n vay r\u1ebb h\u01a1n v\u1ed1n ch\u1ee7 s\u1edf h\u1eefu nh\u1edd l\u00e3i vay \u0111\u01b0\u1ee3c tr\u1eeb khi t\u00ednh thu\u1ebf, n\u00ean t\u0103ng vay ban \u0111\u1ea7u l\u00e0m gi\u1ea3m chi ph\u00ed v\u1ed1n b\u00ecnh qu\u00e2n. Nh\u01b0ng v\u01b0\u1ee3t m\u1ed9t ng\u01b0\u1ee1ng th\u00ec r\u1ee7i ro m\u1ea5t kh\u1ea3 n\u0103ng thanh to\u00e1n t\u0103ng, ch\u1ee7 n\u1ee3 v\u00e0 ch\u1ee7 s\u1edf h\u1eefu \u0111\u00f2i m\u1ee9c b\u00f9 r\u1ee7i ro cao h\u01a1n, chi ph\u00ed v\u1ed1n t\u0103ng tr\u1edf l\u1ea1i. C\u1ea7n theo d\u00f5i kh\u1ea3 n\u0103ng tr\u1ea3 l\u00e3i v\u00e0 t\u1ef7 s\u1ed1 n\u1ee3 tr\u00ean v\u1ed1n ch\u1ee7 s\u1edf h\u1eefu.<\/p>\n
V\u00ec sao doanh nghi\u1ec7p t\u0103ng tr\u01b0\u1edfng l\u1ea1i thi\u1ebfu ti\u1ec1n?<\/b><\/h3>\n
V\u00ec doanh thu t\u0103ng k\u00e9o theo nhu c\u1ea7u v\u1ed1n l\u01b0u \u0111\u1ed9ng t\u0103ng t\u01b0\u01a1ng \u1ee9ng. B\u00e1n nhi\u1ec1u h\u01a1n ngh\u0129a l\u00e0 c\u00f4ng n\u1ee3 ph\u1ea3i thu nhi\u1ec1u h\u01a1n v\u00e0 h\u00e0ng t\u1ed3n kho nhi\u1ec1u h\u01a1n, c\u1ea3 hai \u0111\u1ec1u ch\u00f4n ti\u1ec1n. N\u1ebfu kh\u00f4ng chu\u1ea9n b\u1ecb ngu\u1ed3n v\u1ed1n cho ph\u1ea7n n\u00e0y, doanh nghi\u1ec7p c\u00f3 th\u1ec3 c\u1ea1n ti\u1ec1n d\u00f9 v\u1eabn c\u00f3 l\u00e3i.<\/p>\n
N\u00ean chia l\u1ee3i nhu\u1eadn hay gi\u1eef l\u1ea1i?<\/b><\/h3>\n
Gi\u1eef l\u1ea1i n\u1ebfu doanh nghi\u1ec7p c\u00f3 d\u1ef1 \u00e1n sinh l\u1eddi cao h\u01a1n m\u1ee9c m\u00e0 ch\u1ee7 s\u1edf h\u1eefu t\u1ef1 \u0111\u1ea7u t\u01b0 \u0111\u01b0\u1ee3c \u1edf n\u01a1i kh\u00e1c v\u1edbi r\u1ee7i ro t\u01b0\u01a1ng \u0111\u01b0\u01a1ng. Chia n\u1ebfu kh\u00f4ng c\u00f3 d\u1ef1 \u00e1n n\u00e0o v\u01b0\u1ee3t chi ph\u00ed v\u1ed1n, v\u00ec gi\u1eef l\u1ea1i khi \u0111\u00f3 ch\u1ec9 l\u00e0m gi\u1ea3m hi\u1ec7u qu\u1ea3 s\u1eed d\u1ee5ng v\u1ed1n.<\/p>\n
Doanh nghi\u1ec7p nh\u1ecf c\u00f3 c\u1ea7n t\u00ednh WACC v\u00e0 NPV kh\u00f4ng?<\/b><\/h3>\n
C\u1ea7n khi ph\u1ea3i quy\u1ebft \u0111\u1ecbnh kho\u1ea3n \u0111\u1ea7u t\u01b0 l\u1edbn so v\u1edbi quy m\u00f4, v\u00ed d\u1ee5 mua m\u00e1y m\u00f3c, thu\u00ea m\u1eb7t b\u1eb1ng d\u00e0i h\u1ea1n, m\u1edf chi nh\u00e1nh. V\u1edbi c\u00e1c kho\u1ea3n chi nh\u1ecf th\u01b0\u1eddng xuy\u00ean th\u00ec kh\u00f4ng c\u1ea7n, ch\u1ec9 c\u1ea7n ki\u1ec3m so\u00e1t d\u00f2ng ti\u1ec1n v\u00e0 ng\u00e2n s\u00e1ch.<\/p>\n
T\u1ed5ng k\u1ebft<\/h2>\n
Qu\u1ea3n l\u00fd t\u00e0i ch\u00ednh doanh nghi\u1ec7p g\u1ecdn l\u1ea1i th\u00e0nh ba quy\u1ebft \u0111\u1ecbnh: \u0111\u1ea7u t\u01b0 v\u00e0o \u0111\u00e2u, l\u1ea5y v\u1ed1n t\u1eeb \u0111\u00e2u, l\u1ee3i nhu\u1eadn x\u1eed l\u00fd th\u1ebf n\u00e0o.<\/p>\n
Vi\u1ec7c n\u00ean l\u00e0m \u0111\u1ea7u ti\u00ean l\u00e0 x\u00e1c \u0111\u1ecbnh chi ph\u00ed v\u1ed1n c\u1ee7a doanh nghi\u1ec7p. Kh\u00f4ng c\u00f3 con s\u1ed1 n\u00e0y th\u00ec m\u1ecdi quy\u1ebft \u0111\u1ecbnh \u0111\u1ea7u t\u01b0 \u0111\u1ec1u d\u1ef1a v\u00e0o c\u1ea3m t\u00ednh, v\u00e0 doanh nghi\u1ec7p c\u00f3 th\u1ec3 duy\u1ec7t h\u00e0ng lo\u1ea1t d\u1ef1 \u00e1n sinh l\u1eddi d\u01b0\u1edbi chi ph\u00ed v\u1ed1n m\u00e0 b\u00e1o c\u00e1o l\u00e3i l\u1ed7 v\u1eabn \u0111\u1eb9p.<\/p>\n
Vi\u1ec7c n\u00ean l\u00e0m th\u1ee9 hai l\u00e0 d\u1ef1ng d\u1ef1 b\u00e1o d\u00f2ng ti\u1ec1n 13 tu\u1ea7n v\u00e0 c\u1eadp nh\u1eadt h\u1eb1ng tu\u1ea7n. \u0110\u00e2y l\u00e0 c\u00f4ng c\u1ee5 \u0111\u01a1n gi\u1ea3n nh\u1ea5t trong b\u00e0i nh\u01b0ng c\u1ea3nh b\u00e1o s\u1edbm nh\u1ea5t.<\/p>\n
Vi\u1ec7c n\u00ean l\u00e0m th\u1ee9 ba l\u00e0 \u0111o chu k\u1ef3 ti\u1ec1n m\u1eb7t. R\u00fat ng\u1eafn \u0111\u01b0\u1ee3c v\u00e0i ng\u00e0y th\u01b0\u1eddng gi\u1ea3i ph\u00f3ng l\u01b0\u1ee3ng v\u1ed1n l\u1edbn h\u01a1n nhi\u1ec1u so v\u1edbi nh\u1eefng g\u00ec doanh nghi\u1ec7p d\u1ef1 \u0111o\u00e1n, v\u00e0 \u0111\u00e2y l\u00e0 ngu\u1ed3n v\u1ed1n r\u1ebb nh\u1ea5t c\u00f3 th\u1ec3 huy \u0111\u1ed9ng.<\/p>\n
N\u1ed9i dung mang t\u00ednh tham kh\u1ea3o, c\u00e1c con s\u1ed1 trong v\u00ed d\u1ee5 l\u00e0 minh h\u1ecda. Doanh nghi\u1ec7p c\u1ea7n \u0111i\u1ec1u ch\u1ec9nh theo \u0111i\u1ec1u ki\u1ec7n th\u1ef1c t\u1ebf v\u00e0 \u0111\u1ed1i chi\u1ebfu quy \u0111\u1ecbnh thu\u1ebf hi\u1ec7n h\u00e0nh. C\u1ea7n trao \u0111\u1ed5i v\u1ec1 h\u1ec7 th\u1ed1ng b\u00e1o c\u00e1o ph\u1ee5c v\u1ee5 qu\u1ea3n tr\u1ecb t\u00e0i ch\u00ednh, li\u00ean h\u1ec7 v\u1edbi Arito<\/span><\/a>.<\/p>\n<\/div>\n
<\/div>","protected":false},"excerpt":{"rendered":"
Qu\u1ea3n l\u00fd t\u00e0i ch\u00ednh doanh nghi\u1ec7p th\u01b0\u1eddng \u0111\u01b0\u1ee3c m\u00f4 t\u1ea3 b\u1eb1ng nh\u1eefng c\u1ee5m chung chung nh\u01b0 t\u1ed1i \u01b0u ngu\u1ed3n l\u1ef1c hay \u0111\u1ea3m b\u1ea3o d\u00f2ng ti\u1ec1n \u1ed5n \u0111\u1ecbnh. C\u00e1ch hi\u1ec3u \u0111\u00f3 kh\u00f4ng gi\u00fap g\u00ec khi ph\u1ea3i quy\u1ebft \u0111\u1ecbnh c\u00f3 n\u00ean vay 5 t\u1ef7 \u0111\u1ec3 mua d\u00e2y chuy\u1ec1n hay kh\u00f4ng. B\u00e0i vi\u1ebft \u0111i v\u00e0o ba quy\u1ebft \u0111\u1ecbnh […]<\/p>\n","protected":false},"author":13,"featured_media":16035,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[306,1],"tags":[347],"class_list":["post-16034","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-tai-chinh-ke-toan","category-tin-tuc","tag-quan-ly-tai-chinh"],"blocksy_meta":[],"_links":{"self":[{"href":"https:\/\/arito.vn\/en\/wp-json\/wp\/v2\/posts\/16034","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/arito.vn\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/arito.vn\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/arito.vn\/en\/wp-json\/wp\/v2\/users\/13"}],"replies":[{"embeddable":true,"href":"https:\/\/arito.vn\/en\/wp-json\/wp\/v2\/comments?post=16034"}],"version-history":[{"count":5,"href":"https:\/\/arito.vn\/en\/wp-json\/wp\/v2\/posts\/16034\/revisions"}],"predecessor-version":[{"id":23262,"href":"https:\/\/arito.vn\/en\/wp-json\/wp\/v2\/posts\/16034\/revisions\/23262"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/arito.vn\/en\/wp-json\/wp\/v2\/media\/16035"}],"wp:attachment":[{"href":"https:\/\/arito.vn\/en\/wp-json\/wp\/v2\/media?parent=16034"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/arito.vn\/en\/wp-json\/wp\/v2\/categories?post=16034"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/arito.vn\/en\/wp-json\/wp\/v2\/tags?post=16034"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
![\"Qu\u1ea3n](\"https:\/\/arito.vn\/wp-content\/uploads\/2026\/03\/Quan-ly-tai-chinh-la-gi-1.jpg\")
<\/p>\n![\"Gi\u1ea3i](\"https:\/\/arito.vn\/wp-content\/uploads\/2026\/03\/Giai-phap-toi-uu-quan-ly-tai-chinh-doanh-nghiep.jpg\")
<\/p>\n