財(cái)務(wù)管理英文版課件 1

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FinancialManagementLinLin0623linlin@163.com財(cái)務(wù)管理專業(yè)英語關(guān)于“Finance”1.財(cái)務(wù)financialmanagement財(cái)務(wù)管理corporatefinance公司理財(cái)managerialfinance管理財(cái)務(wù)businessfinance企業(yè)財(cái)務(wù)2.金融

financialmarket金融市場(chǎng)financialinstitution金融機(jī)構(gòu)financialinstrument金融工具

financialderivative金融衍生工具3.財(cái)政

publicfinance公共財(cái)政

MinistryofFinance(MOF)財(cái)政部Contents1.IntroductiontoFinancialManagement(1)

財(cái)務(wù)管理概述（1）2.IntroductiontoFinancialManagement(2)

財(cái)務(wù)管理概述（2）3.InterpretingFinancialStatements詮釋財(cái)務(wù)報(bào)表4.FinancialRatioAnalysis財(cái)務(wù)比率分析5.TimeValueofMoneyandValuation貨幣時(shí)間價(jià)值與估價(jià)6.RiskandReturn風(fēng)險(xiǎn)與收益7.CapitalBudgeting資本預(yù)算8.CapitalMarketandRaisingFunds資本市場(chǎng)與資金籌集9.CapitalStructure資本結(jié)構(gòu)10.DividendPolicy股利政策11.WorkingCapitalManagement營運(yùn)資本管理12.InternationalFinancialManagement國際財(cái)務(wù)管理

Teachingobjectives:Afterlearningthissection,thestudentsarerequiredto:graspsomeofbasictheoriesrelatedtofinancialmanagement;graspsomeimportantwordsandexpressions;haveabetterunderstandingofthefinancialmanagementandfinancialmanager;understandbrieflythefinancialmanagementdecision.Topic1：IntroductiontoFinancialManagement

wordsstudy1.financialmanagement財(cái)務(wù)管理2.decision-making決策，決策的

investmentdecisions;financingdecisions;3.acquisition收購（purchase)acquire取得

acquisitionandlossofownership

所有權(quán)的取得和喪失4.publiclytradedcorporations上市公司listedcorporation

Stockispubliclytradedbutmostisheldbyafewshareholderswhohavenoplanstosell

股票公開買賣，但是大部分股票被少數(shù)不計(jì)劃賣出的股東控制。5.vicepresidentoffinance財(cái)務(wù)副總裁

chieffinancialofficer(CFO)首席財(cái)務(wù)官

chiefexecutiveofficer(CEO)首席執(zhí)行官6.pivotal關(guān)鍵的

Anydeviationfromthiseconomypivotaltaskendangersourmaterialbase.

離開了經(jīng)濟(jì)建設(shè)這個(gè)中心，就有喪失物質(zhì)基礎(chǔ)的危險(xiǎn)。7.allocate(資源、權(quán)利）配置

capitalallocation資本配置allocateshares分配股份8.volatility不穩(wěn)定性

Interestratesandfinancialmarketvolatilitywouldremainhighduetothemarketuncertainty.

市場(chǎng)前景不明朗，亦會(huì)令利率持續(xù)高起，金融市場(chǎng)波動(dòng)。9.balancesheet資產(chǎn)負(fù)債表

income(profit)statement利潤表

cashflowstatement現(xiàn)金流量表10.capitalbudgeting資本預(yù)算capitalstructure資本結(jié)構(gòu)

workingcapitalmanagement營運(yùn)資本管理11.stockholder（shareholder)股東

NoneoftheshareholderattendtheAGM(annualgeneralmeeting)

.

沒有一個(gè)股東出席年度股東大會(huì)。12.tradeoff權(quán)衡，折中risk-returntradeoff風(fēng)險(xiǎn)—收益權(quán)衡13.inventory存貨

makeaninventoryof盤點(diǎn);編制...清單14.patent專利trademark商標(biāo)

internationalprotectionofpatent

專利權(quán)的國際保護(hù)

Whattrademarkisit?

什么品牌的?

15.creditor債權(quán)人

Hecometoanarrangementwithhiscreditor.

他與債權(quán)人達(dá)成解決糾紛協(xié)議。

mixofdebtandequity負(fù)債與股票的組合

cashdividend現(xiàn)金股利

dividendpolicy股利政策

dividend-payoutratio股利支付比率

riskaversion風(fēng)險(xiǎn)規(guī)避

stockrepurchase（stockbuyback)股票回購

stockoffering股票發(fā)行financingmix融資組合commonstock普通股preferredstock優(yōu)先股currentasset流動(dòng)資產(chǎn)currentliability流動(dòng)負(fù)債stockholders’equity股東權(quán)益marketablesecurity流動(dòng)性證券tangiblefixedassets有形固定資產(chǎn)intangiblefixedassets無形固定資產(chǎn)

1.1FinancialManagementandFinancialManager1.2FinancialManagementDecision1.3Risk–ReturnTradeoff

TextstudyFinancialManagementandFinancialManagerFinancialmanagementisanintegrateddecision-makingprocessconcernedwithacquiring,financing,andmanagingassetstoaccomplishsomeoverallgoalwithinabusinessentity.1.WhatisFinancialManagement?Whoarethepeopleofthefinancialmanagers?Thepersonassociatedwiththefinancialmanagementfunctionisusuallyatopofficerofthefirmsuchasavicepresidentorthechieffinancialofficer(CFO)Whatarethedutiesandresponsibilitiesofthefinancialmanager?Thetwomainfunctionsofthefinancialmanagerconcernacquiringandallocatingfundsamongafirm’sactivities.Theyalsoactsasaliaisonbetweenothersinthefinancedepartmentandmanagementpersonnelfromotherdepartments.2.FinancialManagerFinancialManagementDecision1.Long-terminvestmentdecisions(Whatlong-terminvestmentsshouldthefirmundertake?)2.Long-termfinancingdecisions(Howshouldthefirmraisemoneytofundtheseinvestments?)3.WorkingCapitalManagementDecisions(Howshouldthefirmmanageitsshort-termassetsandliabilities?)1.2FinancialManagementDecisionLong-terminvestmentdecisionsinvolvedeterminingthetypeandamountofassetsthatthefirmwantstohold.Investingconcernsallocatingorusingfunds.Long-terminvestmentdecisionsinvolvebuying,holding,reducing,replacing,sellingandmanagingassets.1.Long-terminvestmentdecisions1.Long-terminvestmentdecisionsInwhatlinesofbusinessshouldthefirmengage?Shouldthefirmacquireothercompanies?Whatsortsofproperty,plant,andequipmentshouldthefirmhold?Shouldthefirmmodernizeorsellanoldproductionfacility?Shouldthefirmintroduceamoreefficientdistributionsystemthanthecurrentone?Thenotionofthecapitalbudgeting?Processofplanningandmanagingafirm’slong-terminvestmentsiscalledbudgeting.Theinvestmentprinciple?Thefirmshouldinvestinassetsandprojectsyieldingareturngreaterthantheminimumacceptablehurdlerate.1.Long-terminvestmentdecisionsLong-termfinancingdecisionsinvolvetheacquisitionoffundsneededtosupportlong-terminvestments.Doesthetypeoffinancingusedmakeadifference?Istheexistingcapitalstructuretherightone?Howandwhereshouldthefirmraisemoney?Shouldthefirmusefundsraisedthroughitsrevenues?Shouldthefirmraisemoneyfromoutsidethebusiness?Ifthefirmseeksexternalfinancing,shoulditbringinotherownersorborrowthemoney?2.Long-termfinancingdecisions

Howtoraisefundinternally?Internallygeneratedfundsrepresenttheamountofearningsthatthefirmdecidestoretainafterpayingacashdividend,ifany,toitsstockholders.Howtoraisefundexternally?Thefinancialmanagerarisefundsexternallybyincurringdebts,suchasthroughbankloansorthesaleofbonds,orbysellingownershipintereststhroughastockoffering.----tradeoffs2.Long-termfinancingdecisions

Thefinancingprinciplestatesthatthefinancialmanagershouldchooseafinancingmixthatmaximizesthevalueoftheinvestmentsmadeandmatchesthefinancingtotheassetsbeingfinanced.Matchingthecashinflowsfromtheassetsbeingfinancedwiththecashoutflowsusedtofinancetheseassetsreducesthepotentialrisk.2.Long-termf