财务管理专业英语.ppt

1,财务管理专业英语,崔凌云cuilingyun,2,一、Contents内容,1.IntroductiontoFinancialManagement(1)财务管理概述（1）2.IntroductiontoFinancialManagement(2)财务管理概述（2）,3,一、Contents内容,3.InterpretingFinancialStatements诠释财务报表4.FinancialRatioAnalysis财务比率分析5.TimeValueofMoneyandValuation货币时间价值与估价,4,一、Contents内容,6.RiskandReturn风险与收益7.CapitalBudgeting资本预算8.CapitalMarketandRaisingFunds资本市场与资金筹集,5,一、Contents内容,9.CapitalStructure资本结构10.DividendPolicy股利政策11.WorkingCapitalManagement营运资本管理,6,一、Contents内容,12.InternationalFinancialManagement国际财务管理,7,二、Requirements要求,1、专业词汇2、简单计算,8,1）Account、Accounting&Accountant,Account：解释、说明；银行账户Hegavemeafullaccountofhisplan.他把计划给我做了完整的说明。Idliketoopenabankaccount.我想开一个银行存款账户。会计科目；账户,9,1）Account、Accounting&Accountant,Accounting：会计、会计学FinancialAccountingandManagerialAccountingaretwomajorspecializedfieldsinAccounting.财务会计和管理会计是会计的两个主要的专门领域。Accountingelements会计要素,10,1）Account、Accounting&Accountant,Accountant：会计师、会计人员CertifiedPublicAccountant注册会计师（CPA）,11,2）Assets、Liabilities&OwnersEquity,Asset：宝物、财富Hisleadershipisagreatassettoourteam.他的领导能力是我们队的一大宝贵财富。Assets：资产,12,2）Assets、Liabilities&OwnersEquity,Liability：责任、义务Liabilitytopaytaxes纳税的义务Liabilities：负债、债务Ownersequity：所有者权益,13,3）Debit&Credit,Debit：借方Debt：债务NationalDebt国债Credit：信用、名望Amanofhighcredit极有名望的人赊账；贷方Creditsales赊销,14,4）Currentassets&Currentliabilities,Current：通用的；当今的Currentmoney通货流动的Currentassets：流动资产Currentliabilities：流动负债活期的Currentaccount活期存款,15,5）Receivable&Payable,Accountsreceivable：应收账款Accountspayable：应付账款Notesreceivable：应收票据Notespayable：应付票据Prepaid：预付的Prepaidexpenses预付费用,16,2、简单计算,CalculatetheblanksinthefollowingbalancesheetfortheFiskCompanyfor1998.Payattention,youneedtokeepthecalculationprocedureindetails.,18,Thefollowinginformationisalsoavailable:,Quickratio=1.0timeWorkingcapitaltosalesratio=10%Totalassetsturnover=2timesSales=$2millionDebtratio=50%,19,三、others其它,作业平时成绩占期末总成绩的10%,20,1、IntroductiontoFinancialManagement(1),1.1FinancialManagementandFinancialManager1.2FinancialManagementDecision1.3Risk-ReturnTradeoff,21,1.1FinancialManagement,Financialmanagementisanintegrateddecision-makingprocessconcernedwithacquiring,financing,andmanagingassetstoaccomplishsomeoverallgoalwithinabusinessentity.,22,1.1FinancialManager,Vicepresidentoffinance财务副总裁Chieffinancialofficer(CFO)首席财务官Chiefexecutiveofficer(CEO)首席执行官,23,1.2FinancialManagementDecision,1)Long-terminvestmentdecisions2)Long-termfinancingdecisions3)WorkingCapitalManagementDecisions,24,1.2.1InvestmentDecisions,Long-terminvestmentdecisionsinvolvedeterminingthetypeandamountofassetsthatthefirmwantstohold.,25,Thefinancialmanagermakesinvestmentdecisionsaboutalltypesofassetsitemsontheleft-handsideofthebalancesheet.,1.2.1InvestmentDecisions,26,Inwhatlinesofbusinessshouldthefirmengage?Shouldthefirmacquireothercompanies?Whatsortsofproperty,plant,andequipmentshouldthefirmhold?,1.2.1InvestmentDecisions,27,Shouldthefirmmodernizeorsellanoldproductionfacility?Shouldthefirmintroduceamoreefficientdistributionsystemthanthecurrentone?,1.2.1InvestmentDecisions,28,Theinvestmentprinciplestatesthatthefirmshouldinvestinassetsandprojectsyieldingareturngreaterthantheminimumacceptablehurdlerate.,1.2.1InvestmentDecisions,29,1.2.2FinancingDecisions,Doesthetypeoffinancingusedmakeadifference?Istheexistingcapitalstructuretherightone?Howandwhereshouldthefirmraisemoney?,30,1.2.2FinancingDecisions,Shouldthefirmusefundsraisedthroughitsrevenues?Shouldthefirmraisemoneyfromoutsidethebusiness?Ifthefirmseeksexternalfinancing,shoulditbringinotherownersorborrowthemoney?,31,1.2.2FinancingDecisions,Internallygeneratedfundsrepresenttheamountofearningsthatthefirmdecidestoretainafterpayingacashdividend,ifany,toitsstockholders.,32,1.2.2FinancingDecisions,Forpubliclytradedfirms,afirmhastheoptionofreturningcashtoownerseitherthroughdividendsorstockrepurchases.,33,1.2.2FinancingDecisions,Ifthefirmdecidestoraisefundsexternally,thefinancialmanagercandosobyincurringdebts,suchasthroughbankloansorthesaleofbonds,orbysellingownershipintereststhroughastockoffering.,34,1.2.3WorkingCapitalManagementDecisions,Howmuchofafirmstotalassetsshouldthefirmholdineachtypeofcurrentassetsuchascash,marketablesecurities,andinventory?,35,1.2.3WorkingCapitalManagementDecisions,Howmuchcreditshouldthefirmgranttocustomers?Howshouldthefirmobtainneededshort-termfinancing?,36,Thebalance-sheetmodel,37,1.3Risk-ReturnTradeoff,riskaversioninvestorsshouldexpectahigherreturnfortakingonhigherlevelsofrisk,38,关于Finance,1.一般情况下，与企业相关的理财范畴翻译成“财务”financialmanagement财务管理corporatefinance公司理财managerialfinance管理财务busines