transaction flow

WorkFlow is the automation of transaction process, and transaction flow can be processed automatically according to the established rule.

工作流（WorkFlow）是业务过程的自动化，使业务流程依照既定的规则自动地流动起来。

In recent years, the cases of Listed Company Merger in China are increasing. The stock replacement merger is going to be the trend of Listed Companies Merger, because of avoiding substantial cash flow and saving the transaction cost.

近几年来，我国上市公司合并案例日益增多，尤其以换股方式进行合并避免了大量的现金流，节约了交易成本，成为上市公司合并的趋势。

Nowadays, thoughts of evaluation model mostly based on two main theories: the discounted cash flow and the method of adjustment on market transaction price.

目前主流评价模型的基本思想主要有两类：基于资金时间价值的贴现思想和基于市场交易价格的调整思想。

Tax forms that the grain circulation is mainly in the form of government to tax farmers or land owners to collect food and commercial grain circulation are parties to the transaction in order to exchanges or making a profit and make the exchange of food to flow.

赋税形式粮食流通主要是指政府以赋税的形式向农民或土地所有者征集粮食，而商业形式粮食流通则是交易双方为了互通有无或谋取利润而使得粮食得以交换流通。

The point-to-point transaction flow may fail in the following scenarios.

在下列情况下，点到点事务流可能失败。

For example, management can do earning management through planning transaction making permanent BTD. Management also can make transactions to change operating cash flow, and influence the accounting income and taxable income at the same time.

比如管理层可通过改变交易时间、创造交易等规划或采取交易的行为产生永久性差异或改变经营活动现金流量来进行真实盈余管理，这种盈余管理行为将同时影响会计所得和应税所得。