財(cái)務(wù)管理專業(yè)英語崔凌云cuilingyun@1財(cái)務(wù)管理專業(yè)英語崔凌云1一、Contents—內(nèi)容1.IntroductiontoFinancialManagement(1)財(cái)務(wù)管理概述（1）2.IntroductiontoFinancialManagement(2)

財(cái)務(wù)管理概述（2）一、Contents—內(nèi)容1.Introductiont2一、Contents—內(nèi)容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)一、Contents—內(nèi)容3.InterpretingF3一、Contents—內(nèi)容6.RiskandReturn風(fēng)險(xiǎn)與收益7.CapitalBudgeting

資本預(yù)算8.CapitalMarketandRaisingFunds資本市場與資金籌集一、Contents—內(nèi)容6.RiskandRetur4一、Contents—內(nèi)容9.CapitalStructure

資本結(jié)構(gòu)10.DividendPolicy

股利政策11.WorkingCapitalManagement

營運(yùn)資本管理一、Contents—內(nèi)容9.CapitalStruct5一、Contents—內(nèi)容12.InternationalFinancialManagement

國際財(cái)務(wù)管理一、Contents—內(nèi)容12.International6二、Requirements—要求1、專業(yè)詞匯2、簡單計(jì)算二、Requirements—要求1、專業(yè)詞匯71）Account、Accounting&AccountantAccount：解釋、說明；銀行賬戶

Hegavemeafullaccountofhisplan.他把計(jì)劃給我做了完整的說明。

I’dliketoopenabankaccount.我想開一個(gè)銀行存款賬戶。會(huì)計(jì)科目；賬戶1）Account、Accounting&Account81）Account、Accounting&AccountantAccounting：會(huì)計(jì)、會(huì)計(jì)學(xué)

FinancialAccountingandManagerialAccountingaretwomajorspecializedfieldsinAccounting.財(cái)務(wù)會(huì)計(jì)和管理會(huì)計(jì)是會(huì)計(jì)的兩個(gè)主要的專門領(lǐng)域。

Accountingelements會(huì)計(jì)要素1）Account、Accounting&Account91）Account、Accounting&AccountantAccountant：會(huì)計(jì)師、會(huì)計(jì)人員

CertifiedPublicAccountant

注冊會(huì)計(jì)師（CPA）1）Account、Accounting&Account102）Assets、Liabilities&Owner’sEquityAsset：寶物、財(cái)富

Hisleadershipisagreatassettoourteam.他的領(lǐng)導(dǎo)能力是我們隊(duì)的一大寶貴財(cái)富。Assets：資產(chǎn)2）Assets、Liabilities&Owner’s112）Assets、Liabilities&Owner’sEquityLiability：責(zé)任、義務(wù)

Liabilitytopaytaxes納稅的義務(wù)Liabilities：負(fù)債、債務(wù)Owner’sequity：所有者權(quán)益2）Assets、Liabilities&Owner’s123）Debit&CreditDebit：借方

Debt：債務(wù)NationalDebt國債Credit：信用、名望

Amanofhighcredit極有名望的人賒賬；貸方

Creditsales賒銷3）Debit&CreditDebit：借方134）Currentassets&CurrentliabilitiesCurrent：通用的；當(dāng)今的

Currentmoney通貨流動(dòng)的

Currentassets：流動(dòng)資產(chǎn)

Currentliabilities：流動(dòng)負(fù)債活期的

Currentaccount活期存款4）Currentassets&Currentlia145）Receivable&PayableAccountsreceivable：應(yīng)收賬款A(yù)ccountspayable：應(yīng)付賬款Notesreceivable：應(yīng)收票據(jù)Notespayable：應(yīng)付票據(jù)Prepaid：預(yù)付的

Prepaidexpenses預(yù)付費(fèi)用5）Receivable&PayableAccounts152、簡單計(jì)算CalculatetheblanksinthefollowingbalancesheetfortheFiskCompanyfor1998.Payattention,youneedtokeepthecalculationprocedureindetails.2、簡單計(jì)算Calculatetheblanksin16Cash$50,000Currentliabilities

(4)Accountsreceivable50,000Long-termdebt

(5)Inventory

(1)Shareholders’equity

(6)Plantandequipment

(2)Totalassets

(3)Liabilitiesandequity

(7)Cash$50,000Currentliabiliti17Thefollowinginformationisalsoavailable:Quickratio=1.0timeWorkingcapitaltosalesratio=10%Totalassetsturnover=2timesSales=$2millionDebtratio=50%Thefollowinginformationisa18三、others—其它作業(yè)平時(shí)成績占期末總成績的10%三、others—其它作業(yè)191、IntroductiontoFinancialManagement(1)1.1FinancialManagementandFinancialManager1.2FinancialManagementDecision1.3Risk-ReturnTradeoff1、IntroductiontoFinancialMa201.1FinancialManagementFinancialmanagementisanintegrateddecision-makingprocessconcernedwithacquiring,financing,andmanagingassetstoaccomplishsomeoverallgoalwithinabusinessentity.1.1FinancialManagementFinanc211.1FinancialManagerVicepresidentoffinance

財(cái)務(wù)副總裁Chieffinancialofficer(CFO)

首席財(cái)務(wù)官Chiefexecutiveofficer(CEO)

首席執(zhí)行官1.1FinancialManagerVicepres221.2FinancialManagementDecision1)Long-terminvestmentdecisions2)Long-termfinancingdecisions3)WorkingCapitalManagementDecisions1.2FinancialManagementDecis231.2.1InvestmentDecisionsLong-terminvestmentdecisionsinvolvedeterminingthetypeandamountofassetsthatthefirmwantstohold.1.2.1InvestmentDecisionsLong24Thefinancialmanagermakesinvestmentdecisionsaboutalltypesofassets–itemsontheleft-handsideofthebalancesheet.1.2.1InvestmentDecisionsThefinancialmanagermakesin25Inwhatlinesofbusinessshouldthefirmengage?Shouldthefirmacquireothercompanies?Whatsortsofproperty,plant,andequipmentshouldthefirmhold?1.2.1InvestmentDecisionsInwhatlinesofbusinessshou26Shouldthefirmmodernizeorsellanoldproductionfacility?Shouldthefirmintroduceamoreefficientdistributionsystemthanthecurrentone?1.2.1InvestmentDecisionsShouldthefirmmodernizeors27Theinvestmentprinciplestatesthatthefirmshouldinvestinassetsandprojectsyieldingareturngreaterthantheminimumacceptablehurdlerate.1.2.1InvestmentDecisionsTheinvestmentprinciplestate281.2.2FinancingDecisionsDoesthetypeoffinancingusedmakeadifference?Istheexistingcapitalstructuretherightone?Howandwhereshouldthefirmraisemoney?1.2.2FinancingDecisionsDoes291.2.2FinancingDecisionsShouldthefirmusefundsraisedthroughitsrevenues?Shouldthefirmraisemoneyfromoutsidethebusiness?Ifthefirmseeksexternalfinancing,shoulditbringinotherownersorborrowthemoney?1.2.2FinancingDecisionsShoul301.2.2FinancingDecisionsInternallygeneratedfundsrepresenttheamountofearningsthatthefirmdecidestoretainafterpayingacashdividend,ifany,toitsstockholders.1.2.2FinancingDecisionsInter311.2.2FinancingDecisionsForpubliclytradedfirms,afirmhastheoptionofreturningcashtoownerseitherthroughdividendsorstockrepurchases.1.2.2FinancingDecisionsForp321.2.2FinancingDecisionsIfthefirmdecidestoraisefundsexternally,thefinancialmanagercandosobyincurringdebts,suchasthroughbankloansorthesaleofbonds,orbysellingownershipintereststhroughastockoffering.1.2.2FinancingDecisionsIfth331.2.3WorkingCapitalManagementDecisionsHowmuchofafirm’stotalassetsshouldthefirmholdineachtypeofcurrentassetsuchascash,marketablesecurities,andinventory?1.2.3WorkingCapitalManageme341.2.3WorkingCapitalManagementDecisionsHowmuchcreditshouldthefirmgranttocustomers?Howshouldthefirmobtainneededshort-termfinancing?1.2.3WorkingCapitalManageme35Thebalance-sheetmodelThebalance-sheetmodel361.3Risk-ReturnTradeoffriskaversion——investorsshouldexpectahigherreturnfortakingonhigherlevelsofrisk1.3Risk-ReturnTradeoffriska37關(guān)于Finance1.一般情況下，與企業(yè)相關(guān)的理財(cái)范疇翻譯成“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)關(guān)于Finance1.一般情況下，與企業(yè)相關(guān)的理財(cái)范疇翻38關(guān)于Finance2.一般情況下，與貨幣市場、資本市場等相關(guān)的理財(cái)范疇翻譯成“金融”

financialmarket金融市場

financialinstitution金融機(jī)構(gòu)

financialinstrument金融工具

financialderivative金融衍生工具關(guān)于Finance2.一般情況下，與貨幣市場、資本市場等39關(guān)于Finance3.一般情況下，與宏觀經(jīng)濟(jì)政策有關(guān)的理財(cái)范疇翻譯成“財(cái)政”

publicfinance公共財(cái)政

MinistryofFinance(MOF)

財(cái)政部關(guān)于Finance3.一般情況下，與宏觀經(jīng)濟(jì)政策有關(guān)的理40本資料來源本資料來源41財(cái)務(wù)管理專業(yè)英語崔凌云cuilingyun@42財(cái)務(wù)管理專業(yè)英語崔凌云1一、Contents—內(nèi)容1.IntroductiontoFinancialManagement(1)財(cái)務(wù)管理概述（1）2.IntroductiontoFinancialManagement(2)

財(cái)務(wù)管理概述（2）一、Contents—內(nèi)容1.Introductiont43一、Contents—內(nèi)容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)一、Contents—內(nèi)容3.InterpretingF44一、Contents—內(nèi)容6.RiskandReturn風(fēng)險(xiǎn)與收益7.CapitalBudgeting

資本預(yù)算8.CapitalMarketandRaisingFunds資本市場與資金籌集一、Contents—內(nèi)容6.RiskandRetur45一、Contents—內(nèi)容9.CapitalStructure

資本結(jié)構(gòu)10.DividendPolicy

股利政策11.WorkingCapitalManagement

營運(yùn)資本管理一、Contents—內(nèi)容9.CapitalStruct46一、Contents—內(nèi)容12.InternationalFinancialManagement

國際財(cái)務(wù)管理一、Contents—內(nèi)容12.International47二、Requirements—要求1、專業(yè)詞匯2、簡單計(jì)算二、Requirements—要求1、專業(yè)詞匯481）Account、Accounting&AccountantAccount：解釋、說明；銀行賬戶

Hegavemeafullaccountofhisplan.他把計(jì)劃給我做了完整的說明。

I’dliketoopenabankaccount.我想開一個(gè)銀行存款賬戶。會(huì)計(jì)科目；賬戶1）Account、Accounting&Account491）Account、Accounting&AccountantAccounting：會(huì)計(jì)、會(huì)計(jì)學(xué)

FinancialAccountingandManagerialAccountingaretwomajorspecializedfieldsinAccounting.財(cái)務(wù)會(huì)計(jì)和管理會(huì)計(jì)是會(huì)計(jì)的兩個(gè)主要的專門領(lǐng)域。

Accountingelements會(huì)計(jì)要素1）Account、Accounting&Account501）Account、Accounting&AccountantAccountant：會(huì)計(jì)師、會(huì)計(jì)人員

CertifiedPublicAccountant

注冊會(huì)計(jì)師（CPA）1）Account、Accounting&Account512）Assets、Liabilities&Owner’sEquityAsset：寶物、財(cái)富

Hisleadershipisagreatassettoourteam.他的領(lǐng)導(dǎo)能力是我們隊(duì)的一大寶貴財(cái)富。Assets：資產(chǎn)2）Assets、Liabilities&Owner’s522）Assets、Liabilities&Owner’sEquityLiability：責(zé)任、義務(wù)

Liabilitytopaytaxes納稅的義務(wù)Liabilities：負(fù)債、債務(wù)Owner’sequity：所有者權(quán)益2）Assets、Liabilities&Owner’s533）Debit&CreditDebit：借方

Debt：債務(wù)NationalDebt國債Credit：信用、名望

Amanofhighcredit極有名望的人賒賬；貸方

Creditsales賒銷3）Debit&CreditDebit：借方544）Currentassets&CurrentliabilitiesCurrent：通用的；當(dāng)今的

Currentmoney通貨流動(dòng)的

Currentassets：流動(dòng)資產(chǎn)

Currentliabilities：流動(dòng)負(fù)債活期的

Currentaccount活期存款4）Currentassets&Currentlia555）Receivable&PayableAccountsreceivable：應(yīng)收賬款A(yù)ccountspayable：應(yīng)付賬款Notesreceivable：應(yīng)收票據(jù)Notespayable：應(yīng)付票據(jù)Prepaid：預(yù)付的

Prepaidexpenses預(yù)付費(fèi)用5）Receivable&PayableAccounts562、簡單計(jì)算CalculatetheblanksinthefollowingbalancesheetfortheFiskCompanyfor1998.Payattention,youneedtokeepthecalculationprocedureindetails.2、簡單計(jì)算Calculatetheblanksin57Cash$50,000Currentliabilities

(4)Accountsreceivable50,000Long-termdebt

(5)Inventory

(1)Shareholders’equity

(6)Plantandequipment

(2)Totalassets

(3)Liabilitiesandequity

(7)Cash$50,000Currentliabiliti58Thefollowinginformationisalsoavailable:Quickratio=1.0timeWorkingcapitaltosalesratio=10%Totalassetsturnover=2timesSales=$2millionDebtratio=50%Thefollowinginformationisa59三、others—其它作業(yè)平時(shí)成績占期末總成績的10%三、others—其它作業(yè)601、IntroductiontoFinancialManagement(1)1.1FinancialManagementandFinancialManager1.2FinancialManagementDecision1.3Risk-ReturnTradeoff1、IntroductiontoFinancialMa611.1FinancialManagementFinancialmanagementisanintegrateddecision-makingprocessconcernedwithacquiring,financing,andmanagingassetstoaccomplishsomeoverallgoalwithinabusinessentity.1.1FinancialManagementFinanc621.1FinancialManagerVicepresidentoffinance

財(cái)務(wù)副總裁Chieffinancialofficer(CFO)

首席財(cái)務(wù)官Chiefexecutiveofficer(CEO)

首席執(zhí)行官1.1FinancialManagerVicepres631.2FinancialManagementDecision1)Long-terminvestmentdecisions2)Long-termfinancingdecisions3)WorkingCapitalManagementDecisions1.2FinancialManagementDecis641.2.1InvestmentDecisionsLong-terminvestmentdecisionsinvolvedeterminingthetypeandamountofassetsthatthefirmwantstohold.1.2.1InvestmentDecisionsLong65Thefinancialmanagermakesinvestmentdecisionsaboutalltypesofassets–itemsontheleft-handsideofthebalancesheet.1.2.1InvestmentDecisionsThefinancialmanagermakesin66Inwhatlinesofbusinessshouldthefirmengage?Shouldthefirmacquireothercompanies?Whatsortsofproperty,plant,andequipmentshouldthefirmhold?1.2.1InvestmentDecisionsInwhatlinesofbusinessshou67Shouldthefirmmodernizeorsellanoldproductionfacility?Shouldthefirmintroduceamoreefficientdistributionsystemthanthecurrentone?1.2.1InvestmentDecisionsShouldthefirmmodernizeors68Theinvestmentprinciplestatesthatthefirmshouldinvestinassetsandprojectsyieldingareturngreaterthantheminimumacceptablehurdlerate.1.2.1InvestmentDecisionsTheinvestmentprinciplestate691.2.2FinancingDecisionsDoesthetypeoffinancingusedmakeadifference?Istheexistingcapitalstructuretherightone?Howandwhereshouldthefirmraisemoney?1.2.2FinancingDecisionsDoes701.2.2FinancingDecisionsShouldthefirmusefundsraisedthroughitsrevenues?Shouldthefirmraisemoneyfromoutsidethebusiness?Ifthefirmseeksexternalfinancing,shoulditbringinotherownersorborrowthemoney?1.2.2FinancingDecisionsShoul711.2.2FinancingDecisionsInternallygeneratedfundsrepresenttheamountofearningsthatthefirmdecidestoretainafterpayingacashdividend,ifany,toitsstockholders.1.2.2FinancingDecisionsInter721.2.2FinancingDecisionsForpubliclytradedfirms,afirmhastheoptionofreturningcashtoownerseitherthroughdividendsorstockrepurchases.1.2.2Financin