1、財務(wù)管理專業(yè)英語崔凌云1一、Contents內(nèi)容1. Introduction to Financial Management (1) 財務(wù)管理概述（1）2. Introduction to Financial Management (2) 財務(wù)管理概述（2）一、Contents內(nèi)容3. Interpreting Financial Statements 詮釋財務(wù)報表4. Financial Ratio Analysis 財務(wù)比率分析5. Time Value of Money and Valuation 貨幣時間價值與估價一、Contents內(nèi)容6. Risk and Return 風險與收

2、益7. Capital Budgeting 資本預(yù)算8. Capital Market and Raising Funds 資本市場與資金籌集一、Contents內(nèi)容9. Capital Structure 資本結(jié)構(gòu)10. Dividend Policy 股利政策11. Working Capital Management 營運資本管理一、Contents內(nèi)容12. International Financial Management 國際財務(wù)管理二、Requirements要求1、專業(yè)詞匯2、簡單計算1）Account、Accounting & AccountantAccount：解釋、說明

3、；銀行賬戶 He gave me a full account of his plan. 他把計劃給我做了完整的說明。 Id like to open a bank account. 我想開一個銀行存款賬戶。會計科目；賬戶1）Account、Accounting & AccountantAccounting：會計、會計學 Financial Accounting and Managerial Accounting are two major specialized fields in Accounting. 財務(wù)會計和管理會計是會計的兩個主要的專門領(lǐng)域。 Accounting elements

4、 會計要素1）Account、Accounting & AccountantAccountant：會計師、會計人員 Certified Public Accountant 注冊會計師（CPA）2）Assets、Liabilities & Owners EquityAsset：寶物、財富 His leadership is a great asset to our team. 他的領(lǐng)導能力是我們隊的一大寶貴財富。Assets：資產(chǎn)2）Assets、Liabilities & Owners EquityLiability：責任、義務(wù) Liability to pay taxes 納稅的義務(wù)Liab

5、ilities：負債、債務(wù)Owners equity：所有者權(quán)益3）Debit & CreditDebit：借方 Debt： 債務(wù) National Debt 國債Credit：信用、名望 A man of high credit 極有名望的人 賒賬；貸方 Credit sales 賒銷4）Current assets & Current liabilitiesCurrent：通用的；當今的 Current money 通貨 流動的 Current assets：流動資產(chǎn) Current liabilities：流動負債 活期的 Current account 活期存款5）Receivable

6、 & PayableAccounts receivable：應(yīng)收賬款A(yù)ccounts payable：應(yīng)付賬款Notes receivable：應(yīng)收票據(jù)Notes payable：應(yīng)付票據(jù)Prepaid：預(yù)付的 Prepaid expenses 預(yù)付費用2、簡單計算Calculate the blanks in the following balance sheet for the Fisk Company for 1998.Pay attention, you need to keep the calculation procedure in details. Cash $50,000 Cu

7、rrent liabilities (4) Accounts receivable50,000Long-term debt (5) Inventory (1) Shareholders equity (6) Plant and equipment (2) Total assets (3) Liabilities and equity (7) The following information is also available:Quick ratio = 1.0 timeWorking capital to sales ratio = 10%Total assets turnover = 2

8、timesSales = $2 millionDebt ratio = 50% 三、others其它作業(yè)平時成績占期末總成績的10%1、Introduction to Financial Management (1)1.1 Financial Management and Financial Manager1.2 Financial Management Decision1.3 Risk-Return Tradeoff1.1 Financial ManagementFinancial management is an integrated decision-making process con

9、cerned with acquiring, financing, and managing assets to accomplish some overall goal within a business entity.1.1 Financial ManagerVice president of finance 財務(wù)副總裁Chief financial officer (CFO) 首席財務(wù)官Chief executive officer (CEO) 首席執(zhí)行官1.2 Financial Management Decision1) Long-term investment decisions2

10、) Long-term financing decisions3) Working Capital Management Decisions1.2.1 Investment DecisionsLong-term investment decisions involve determining the type and amount of assets that the firm wants to hold.The financial manager makes investment decisions about all types of assets items on the left-ha

11、nd side of the balance sheet.1.2.1 Investment DecisionsIn what lines of business should the firm engage?Should the firm acquire other companies?What sorts of property, plant, and equipment should the firm hold?1.2.1 Investment DecisionsShould the firm modernize or sell an old production facility?Sho

12、uld the firm introduce a more efficient distribution system than the current one?1.2.1 Investment DecisionsThe investment principle states that the firm should invest in assets and projects yielding a return greater than the minimum acceptable hurdle rate.1.2.1 Investment Decisions1.2.2 Financing De

13、cisionsDoes the type of financing used make a difference?Is the existing capital structure the right one?How and where should the firm raise money?1.2.2 Financing DecisionsShould the firm use funds raised through its revenues?Should the firm raise money from outside the business?If the firm seeks ex

14、ternal financing, should it bring in other owners or borrow the money?1.2.2 Financing DecisionsInternally generated funds represent the amount of earnings that the firm decides to retain after paying a cash dividend, if any, to its stockholders.1.2.2 Financing DecisionsFor publicly traded firms, a f

15、irm has the option of returning cash to owners either through dividends or stock repurchases.1.2.2 Financing DecisionsIf the firm decides to raise funds externally, the financial manager can do so by incurring debts, such as through bank loans or the sale of bonds, or by selling ownership interests

16、through a stock offering.1.2.3 Working Capital Management DecisionsHow much of a firms total assets should the firm hold in each type of current asset such as cash, marketable securities, and inventory?1.2.3 Working Capital Management DecisionsHow much credit should the firm grant to customers?How should the firm obtain needed short-term financing? The balance-sheet model1.3 Risk-Return Tradeoffrisk aversion investors should expect a higher return for taking on higher levels of risk關(guān)于Finance1. 一般情況下，與企業(yè)相關(guān)的理財范疇翻 譯成“財務(wù)” financial management 財務(wù)管理 corporate finance 公司理財 managerial fin