《財(cái)經(jīng)專業(yè)英語》課程教學(xué)大綱課程代碼：ABGS0519課程中文名稱:財(cái)經(jīng)專業(yè)英語課程英文名稱：FinancialEnglish課程性質(zhì)：選修課程學(xué)分?jǐn)?shù)：2課程學(xué)時(shí)數(shù)：32授課對(duì)象：財(cái)務(wù)管理專業(yè)本課程的前導(dǎo)課程：財(cái)務(wù)管理基礎(chǔ)、中級(jí)財(cái)務(wù)會(huì)計(jì)、財(cái)政與金融、金融市場學(xué)、財(cái)務(wù)報(bào)表分析一、課程簡介《財(cái)經(jīng)專業(yè)英語》是財(cái)務(wù)管理專業(yè)的一門專業(yè)選修課程。通過本課程的學(xué)習(xí)，強(qiáng)化學(xué)生財(cái)務(wù)管理專業(yè)英語的綜合運(yùn)用能力，為學(xué)生營造一個(gè)在國際視野下用英語思考財(cái)務(wù)問題和解決財(cái)務(wù)問題的環(huán)境。二、教學(xué)基本內(nèi)容和要求1IntroductiontoFinancialManagement（1）1.1FinancialManagementandFinancialManager1.2FinancialManagementDecision:InvestmentDecisions,FinancingDecisions,WorkingCapitalManagementDecisions1.3Risk-ReturnTradeoff本章重點(diǎn)：FinancialManagementDecision.本章難點(diǎn)：FinancialManagementDecision.2IntroductiontoFinancialManagement（2）2.1TypesofBusinessOrganization:SoleProprietorship,Partnership,Corporation2.2CorporateStructureoftheCompany:Shareholders,BoardofDirectors,CEO,CFO2.3ObjectivesofFinancialManagement:StakeholderTheory,ValueofWealthMaximization2.4SeparationofOwnershipandControl2.5AgencyRelationships:AgencyProblem,AgencyCosts,PracticalSolutionstotheAgencyProblem本章重點(diǎn)：ObjectivesofFinancialManagement.本章難點(diǎn)：ObjectivesofFinancialManagement,AgencyProblemandSolutions.3InterpretingFinancialStatement3.1BasicsofAnnualRepotsandFinancialStatements:CorporateAnnualReports,OverviewofFinancialStatements3.2BalanceSheet3.3IncomeStatement3.4StatementofRetainedEarnings3.5StatementofCashFlow:OperatingCashFlows,InvestingCashFlows,FinancingCashFlows本章重點(diǎn)：InterpretationofFinancialStatements.本章難點(diǎn)：InterpretationofFinancialStatements.4FinancialRatioAnalysis4.1FinancialRatioAnalysis4.2LiquidityRatios:CurrentRatio,QuickRatio,CashRatio4.3DebtManagementRatios:DebtRatio,Long-termDebtRatio,CashFlowCoverageRatio4.4AssetManagementRatios:AccountsReceivableTurnoverRatio,InventoryTurnoverRatio,AccountsPayableTurnoverRatio,AssetTurnoverRatios4.5ProfitabilityRatios:GrossProfitMargin,OperatingProfitMargin,NetProfitMargin,ReturnonAssets,TotalReturnonAssets,ReturnonEquity,ReturnonCommonEquity,DuPontAnalysisofROE4.6MarketValueRatios:Price/earningsRatio,Market-to-bookValueRatio,DividendYieldandPayout4.7UsesandLimitationsofFinancialRatioAnalysis本章重點(diǎn)：PrincipleFinancialRatios.本章難點(diǎn)：CalculationandSignificationofPrincipleFinancialRatios,DuPontAnalysis.5TimeValueofMoneyandValuation5.1CentralConceptsinFinancialManagement5.2Simplevs.CompoundInterestRatesandFuturevs.PresentValue:SimpleInterest,CompoundInterest,FutureValue,PresentValue5.3Annuity:OrdinaryAnnuity,AnnuityDue,DeferredAnnuity,Perpetuity,NominalandEffectiveInterestRates5.4ValuationFundamentals:Going-concernValue,LiquidationValue,BookValue,MarketValue,IntrinsicValue,ValuationApproaches,DiscountedCashFlowValuation5.5BondValuation:ContractualProvisionsofaTypicalBond,theBondValuationFormula,BondPricesandReturns5.6CommonStockValuation:CommonStockCharacteristicsandFeatures,CommonStockValuation本章重點(diǎn)：CompoundInterestRates,FutureValue,PresentValue,Annuity,ValuationApproaches.本章難點(diǎn)：PresentValueofDifferentAnnuity.6RiskandReturn6.1IntroductiontoRiskandReturn:Return,Risk6.2EfficientMarketHypothesis（EMH）:Introduction,FinancialMarketEfficiency,AnomaliesinFinance6.3PortfolioTheory:TheExpectedReturnofaPortfolio,RiskinaPortfolioContext,ModernPortfolioTheory,DiversifiedRiskversusMarketRisk6.4BetaandCapitalAssetPricingModel:TheConceptofBeta,CAPM6.5ArbitragePricingTheory本章重點(diǎn)：CAPM.本章難點(diǎn)：CAPM.7CapitalBudgeting7.1CapitalInvestmentDecisions:NatureofCapitalBudgeting,ProjectClassifications7.2GuidelinesforEstimatingProjectCashFlows:IncrementalCashFlows,FocusonAfter-taxCashFlows,PostponeConsideringFinancingCosts,OtherCashFlowConsiderations7.3InvestmentRules:PaybackPeriod,NetPresentValue,InternalRateofReturn,ProfitabilityIndex7.4BusinessPractice7.5AnalyzingProjectRisk:SensitivityAnalysis,Break-evenAnalysis,Simulation7.6ProjectSelectionwithResourceConstrains7.7QualitativeFactorsandtheSelectionofProjects7.8ThePost-Audit本章重點(diǎn)：CapitalInvestmentDecisionIndices.本章難點(diǎn)：InternalRateofReturn.8CapitalMarketandRaisingFunds8.1FinancialMarkets:RoleofFinancialMarkets,TypesofFinancialMarkets,RecentTrend8.2InvestmentBanks:Advising,Underwriting,Marketing8.3TheDecisiontoGoPublic:AdvantagesofGoingPublic,DisadvantagesofGoingPublic,DifferentMethodsofIssuingNewSecurities8.4CostofCapitalConcept:UseoftheCostofCapital,CapitalComponents,WeightedAverageCostofCapital本章重點(diǎn)：CostofCapital.本章難點(diǎn)：CostofCapital.9CapitalStructure9.1TheChoices:TypesofFinancing9.2TheFinancingMix9.3UnderstandingFinancialRisk9.4CapitalStructureandtheValueofaFirm:TheModigliani-MillerTheorem,TheM&MTheoremintheRealWorld,TradeoffTheoryofOptimalCapitalStructure,PeckingOrderTheoryofCapitalStructure9.5ChecklistforCapitalStructureDecisions本章重點(diǎn)：CapitalStructureDecisions.本章難點(diǎn)：CapitalStructureDecisions.10DividendPolicy10.1DividendsandDividendPolicy:DividendPayoutProcedure,TypesofDividends10.2TheDividendPuzzle:DividendIrrelevanceTheory,DividendRelevanceTheory10.3FactorsInfluencingtheDividendDecision:ShareholderFactors,FirmFactors,ManagerialPreferencesandConstraints10.4DividendPolicies:ResidualDividendPolicy,StableDollarDividendPolicy,ConstantDividendPayoutRatio,LowRegularplusSpeciallyDesignatedDividends10.5StockRepurchases:WaysofRepurchases,ReasonsforStockBuybacks本章重點(diǎn)：DividendPolicies.本章難點(diǎn)：StockRepurchases.11WorkingCapital11.1IntroductiontoWorkingCapitalManagement11.2CashManagement:ThreeMotivesforHoldingCash,DeterminingAppropriateCashBalances,InvestmentIdleCash,TypesofMoneyMarketSecurities,ManagingCollectionsandDisbursements11.3AccountsReceivableManagement:CreditPolicy,CollectionPolicy11.4InventoryManagement:SuccessfulInventoryManagement,ThePurchasingPlan,InventoryManagementTechniques本章重點(diǎn)：MotivesforHoldingCash,DeterminationofAppropriateCashBalances.本章難點(diǎn)：DeterminationofAppropriateCashBalances.12InternationalFinancialManagement12.1Introduction:TheGlobalEconomy,MultinationalCorporations12.2ForeignExchangeMarket:ExchangeRates,CurrencyRisk,TypesofTransactions12.3ExchangeRateParity:InterestRateParity,PurchasingPowerParity,UnbiasedForwardRates,Inflation,InterestRatesandExchangeRates12.4MultinationalCapitalBudgeting12.5InternationalFinancialDecision12.6WorkingCapitalManagement12.7HedgingCurrencyRisk:CurrencyForwardContracts,CurrencyFuturesContracts