财务管理专业英语

山东轻工业学院商学院1财务管理专业英语崔凌云[e-mail]山东轻工业学院商学院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）山东轻工业学院商学院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山东轻工业学院商学院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山东轻工业学院商学院5一、Contents—内容9.CapitalStructure资本结构10.DividendPolicy股利政策11.WorkingCapitalManagement营运资本管理山东轻工业学院商学院6一、Contents—内容12.InternationalFinancialManagement国际财务管理山东轻工业学院商学院7二、Requirements—要求1、专业词汇2、简单计算山东轻工业学院商学院81）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。I’dliketoopenabankaccount.我想开一个银行存款账户。会计科目；账户山东轻工业学院商学院91）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会计要素山东轻工业学院商学院101）Account、Accounting&AccountantAccountant：会计师、会计人员CertifiedPublicAccountant注册会计师（CPA）山东轻工业学院商学院112）Assets、Liabilities&Owner’sEquityAsset：宝物、财富Hisleadershipisagreatassettoourteam.他的领导能力是我们队的一大宝贵财富。Assets：资产山东轻工业学院商学院122）Assets、Liabilities&Owner’sEquityLiability：责任、义务Liabilitytopaytaxes纳税的义务Liabilities：负债、债务Owner’sequity：所有者权益山东轻工业学院商学院133）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赊销山东轻工业学院商学院144）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活期存款山东轻工业学院商学院155）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预付费用山东轻工业学院商学院162、简单计算CalculatetheblanksinthefollowingbalancesheetfortheFiskCompanyfor1998.Payattention,youneedtokeepthecalculationprocedureindetails.Cash$50,000Currentliabilities(4)Accountsreceivable50,000Long-termdebt(5)Inventory(1)Shareholders’equity(6)Plantandequipment(2)Totalassets(3)Liabilitiesandequity(7)山东轻工业学院商学院18Thefollowinginformationisalsoavailable:Quickratio=1.0timeWorkingcapitaltosalesratio=10%Totalassetsturnover=2timesSales=$2millionDebtratio=50%山东轻工业学院商学院19三、others—其它作业平时成绩占期末总成绩的10%山东轻工业学院商学院201、IntroductiontoFinancialManagement(1)1.1FinancialManagementandFinancialManager1.2FinancialManagementDecision1.3Risk-ReturnTradeoff山东轻工业学院商学院211.1FinancialManagementFinancialmanagementisanintegrateddecision-makingprocessconcernedwithacquiring,financing,andmanagingassetstoaccomplishsomeoverallgoalwithinabusinessentity.山东轻工业学院商学院221.1FinancialManagerVicepresidentoffinance财务副总裁Chieffinancialofficer(CFO)首席财务官Chiefexecutiveofficer(CEO)首席执行官山东轻工业学院商学院231.2FinancialManagementDecision1)Long-terminvestmentdecisions2)Long-termfinancingdecisions3)WorkingCapitalManagementDecisions山东轻工业学院商学院241.2.1InvestmentDecisionsLong-terminvestmentdecisionsinvolvedeterminingthetypeandamountofassetsthatthefirmwantstohold.山东轻工业学院商学院25Thefinancialmanagermakesinvestmentdecisionsaboutalltypesofassets–itemsontheleft-handsideofthebalancesheet.1.2.1InvestmentDecisions山东轻工业学院商学院26Inwhatlinesofbusinessshouldthefirmengage?Shouldthefirmacquireothercompanies?Whatsortsofproperty,plant,andequipmentshouldthefirmhold?1.2.1InvestmentDecisions山东轻工业学院商学院27Shouldthefirmmodernizeorsellanoldproductionfacility?Shouldthefirmintroduceamoreefficientdistributionsystemthanthecurrentone?1.2.1InvestmentDecisions山东轻工业学院商学院28Theinvestmentprinciplestatesthatthefirmshouldinvestinassetsandprojectsyieldingareturngreaterthantheminimumacceptablehurdlerate.1.2.1InvestmentDecisions山东轻工业学院商学院291.2.2FinancingDecisionsDoesthetypeoffinancingusedmakeadifference?Istheexistingcapitalstructuretherightone?Howandwhereshouldthefirmraisemoney?山东轻工业学院商学院301.2.2FinancingDecisionsShouldthefirmusefundsraisedthroughitsrevenues?Shouldthefirmraisemoneyfromoutsidethebusiness?Ifthefirmseeksexternalfinancing,shoulditbringinotherownersorborrowthemoney?山东轻工业学院商学院311.2.2FinancingDecisionsInternallygeneratedfundsrepresenttheamountofearningsthatthefirmdecidestoretainafterpayingacashdividend,ifany,toitsstockholders.山东轻工业学院商学院321.2.2FinancingDecisionsForpubliclytradedfirms,afirmhastheoptionofreturningcashtoownerseitherthroughdividendsorstockrepurchases.山东轻工业学院商学院331.2.2FinancingDecisionsIfthefirmdecidestoraisefundsexternally,thefinancialmanagercandosobyincurringdebts,suchasthroughbankloansorthesaleofbonds,orbysellingownershipintereststhroughastockoffering.山东轻工业学院商学院341.2.3WorkingCapitalManagementDecisionsHowmuchofafirm’stotalassetsshouldthefirmholdineachtypeofcurrentassetsuchascash,marketablesecurities,andinventory?山东轻工业学院商学院351.2.3WorkingCapitalManagementDecisionsHowmuchcreditshouldthefirmgranttocustomers?Howshouldthefirmobtainneededshort-termfinancing?山东轻工业学院商学院36Thebalance-sheetmodel山东轻工业学院商学院371.3Risk-ReturnTradeoffriskaversion——investorsshouldexpectahigherreturnfortakingonhigherlevelsofrisk山东轻工业学院商学院38关于Finance1.一般情况下，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businessfina