财务管理专业英语unit1课件讲诉
合集下载
财务管理英文课件1
3.
4. 5. 6. 7.
II. What is Business finance? 1. Career Opportunities in Finance
• Money and capital markets • Investments • Business Finance or Financial management
3. Responsibility of the Financial Staff
• Maximize stock value by:
– Forecasting and planning – Investment and financing decisions – Coordination and control – Transactions in the financial markets – Managing risk – Dividend policy & distribution decisions
Useful Websites：
• • • • • • • • • • • • • •
Course Outline
1.Course Pre-requisite: Financial Accounting or equivalent. 2.Course objectives:
This course is designed for the student, not only the finance major, but also accounting major. We will cover a lot of ground. We will begin with a general overview and then go into more detail on several concepts, financial instruments, and techniques used in financial decision making. The chief objectives of the course are: 1. To introduce you to the world of finance. Anyone involved with the management of a business needs to have at least some minimal knowledge of business finance. 2. To introduce you to basic financial concepts such as the time value of money, asset valuation, and risk and return. My hope is that by the end of the class you will have a basic grasp of finance principles and that you go beyond just memorizing a number of facts and formulas. Doing so will enable you to better understand current events in Finance and will provide a solid framework for any subsequent courses you may take in Finance. Hopefully, by the end of the semester you will want to take additional classes in Finance! The structure of this class makes your individual study and preparation outside class extremely important. The lecture material will focus on the major points introduced in the text. Reading the assigned chapters and having some familiarity with them before class will greatly assist your understanding of the lecture. After the lecture, you should study your notes and work relevant problems that I will assign you.
财务管理英文课件
Early 20th century:
Concentrated on reporting to outsiders.
Early 21st century:
Insiders managing and controlling
the firm’s financial operations.
Copyright © 2003 Pearson Education Australia Pty Limited
• Interest in these topics grew and in turn spurred interest in security analysis, portfolio theory and caopyright © 2003 Pearson Education Australia Pty Limited
Slide: 1 - 7
Chief accountant is also called financial controller, whose responsibilities include financial reporting to outsiders as well as cost and managerial accounting and financial analysis on behalf of the firm’s managers.
Copyright © 2003 Pearson Education Australia Pty Limited
Slide: 1 - 5
• Capital budgeting became a major topic in finance.
• This led to an increased interest in related topics, most notably firm valuation.
财务管理专业英语PPT课件
2020/2/21
山东轻工业学院商学院
9
1）Account、Accounting & Accountant
Accountant：会计师、会计人员 Certified Public Accountant 注册会计师（CPA）
2020/2/21
山东轻工业学院商学院
10
2）Assets、Liabilities & Owner’s Equity
2020/2/21
山东轻工业学院商学院
16
Cash
$50,000 Current liabilities (4)
Accounts receivable 50,000 Long-term debt
(5)
Inventory
(1)
Shareholders’ equity (6)
Plant and equipment
10% Total assets turnover = 2 times Sales = $2 million Debt ratio = 50%
9. Capital Structure 资本结构
10. Dividend Policy 股利政策
11. Working Capital Management 营运资本管理
2020/2/21
山东轻工业学院商学院
5
一、Contents—内容
12. International Financial Management 国际财务管理
会计科目；账户
2020/2/21
山东轻工业学院商学院
8
1）Account、Accounting & Accountant
Accounting：会计、会计学 Financial Accounting and Managerial Accounting are two major specialized fields in Accounting. 财务会计和管理会计是会 计的两个主要的专门领域。 Accounting elements 会计要素
《财务管理专业英语》课件
CHAPTER
01
Introduction
Course Title: PPT courseware for Financial Management Professional English
Course Objective: To provide learners with the knowledge and skills required to communicate effectively in English about financial management concepts and practices
PPT courseware for Financial Management Profession
目录
contents
IntroductionFundamentals of Financial ManagementFinancial English Professional TerminologyFinancial Management Practice CasesFinancial English Reading and WritingEpilogue
Financing
A company raises funds through the issuance of stocks, bonds, or other means to expand its business, research and development, or other investment activities.
Summary: Exploring case studies of corporate fundraising decisions, involving the selection of fundraising methods, optimization of capital structure, and other aspects.
财务管理专业英语unit 课件
Wisdom
Money begets(or breeds or gets)money. ——Anonymous
Boundless risk must pay for boundless gain. ——William Momis
Mini case
Dell Computer manufactures, sells, and services personal computers. The company markets directly to its customers and builds computers after receiving a customer order. This build-to-order model enables Dell to have much smaller investment in working capital than its competitors. Dell has grown quickly and has been able to finance that growth internally by its efficient use of working capital and its profitabillity.
• Read the mini case and think: 1. What’s the Dell’s Sales philosophy? 2. Find the specialized vocabulary of
financial management?
Dell 销售理念
按照客户要求制造计算机，并向客 户直接发货，使戴尔公司能够最有效和 明确地了解客户需求，继而迅速做出回 应。这个直接的商业模式消除了中间商， 这样就减少了不必要的成本和时间，让 戴尔公司更好地理解客户的需要。
财务管理专业英语unit1课件讲诉
Financial Management Decision
Long-term investment decisions
( What long-term investments should the firm undertake?)
Long-term financing decisions
(How should the firm raise money to fund these investments?)
Wisdom
Money begets(or breeds or gets)money. ——Anonymous Boundless risk must pay for boundless gain. ——William Momis
Mini case
Dell Computer manufactures, sells, and services personal computers. The company markets directly to its customers and builds computers after receiving a customer order. This build-to-order model enables Dell to have much smaller investment in working capital than its competitors. Dell has grown quickly and has been able to finance that growth internally by its efficient use of working capital and its profitabillity.
英文财务管理[1]
![英文财务管理[1]](https://img.taocdn.com/s3/m/2f8ca46ebb68a98271fefad0.png)
PPT文档演模板
英文财务管理[1]
Chapter 1 Goals and Governance of the Firm
Topics Covered： w Investment and Financing Decisions w What is a Corporation? w Who Is The Financial Manager? w Goals of the Corporation w Careers in Finance
fairly typical picture of the role of finance within a corporation.
企业、公司:（firm business enterprise company corporation venture）
PPT文档演模板
英文财务管理[1]
Organization of the Financial Management Function: Figure 1-1
balance sheet).
w What is the best type of financing? w What is the best financing mix? w What is the best dividend policy? w How will the funds be physically acquired?
w The top financial manager within a firm is usually the Chief Financial Officer (CFO)
Treasurer – oversees cash management, credit management, capital expenditures and financial planning ( planning its capital structure, for selling stocks and bonds to raise capital, for overseeing the corporate pension plan, and for managing risk)
财务管理英文课件 (1)
Copyright © 2001 by Harcourt, Inc.
All rights reserved.
1-1
Career Opportunities in Finance
nMoney and capital markets n Investments nFinancial management
nIn the long run, such actions will raise the cost of debt and ultimately lower stock price.
Copyright © 2001 by Harcourt, Inc.
All rights reserved.
1 - 13
10 Well-Known Corporations, 1998
Percentage of
Revenue Originated
Company
Overseas
3M
51.7
Chase Manhattan 27.8
Coca-Cola
62.3Biblioteka Exxon80.1
General Electric 23.9
General Motors 30.8
markets nManaging risk
Copyright © 2001 by Harcourt, Inc.
All rights reserved.
1-5
Alternative Forms of Business Organization
nSole proprietorship n Partnership n Corporation
1-0
CHAPTER 1
An Overview of Financial Management
财务管理专业英语第一章
1.2.1 Investment Decisions 1.2.1投资决策
Long-term investment decisiongs involve determining the type and amount of assets that the firm 长期投资决策 涉及确定公司希望持有的资产的类型和数量。 wants to hold. That is, investing concerns allocating or using funds. The financial manager makes 这就是说，投资包括配置或使用资金。 财务经理
The article translation 文章翻译
one another. Inverstment decisions typically affect financing decisions and vice versa. For example, 投资决策通常影响筹资决策，反之亦然。 例如， a decision to build a new plant or to buy new equipment requires other decisions on how to obtain the 新建厂房或购买新设备的决策要考虑如何获得项目需要的资金 funds needed to finance the project and to manage the asset once acquired. 和购买之后如何管理资产。
The article translation 文章翻译
Is the existing capital structure the right one ? 现有的资本结构是否正确？ How ang where should the firm raise money ? 公司怎样以及从哪里筹集资金？ Should the firm use funds raised through its revenues ? 公司是否应该通过收入筹集资金？ Should the firm raise money from outside the business ? 公司是否应通过业务以外筹集资金？ If the firm seeks external financing, should it bring in other oweners or borrow the money ? 如果公司寻求外部筹资，它应该增加所有者还是借钱？ The financial manager can obtain the needed funds for its investmrnts and operations either 财务经理可以从内部或外部得到其投资和运营所需的资金。 internally or externally.
财务管理学英文课件 (1)
10-1
u Credit and Collection Policies
u Analyzing the Credit Applicant
u Inventory Management and Control
10-2
Possible Cash Discount
(1) Average Collection Period
10-10
is considering changing its
credit period from
(which has resulted
in 12 A/R “Turns” per year) to
(which is
expected to result in 6 A/R “Turns” per year).
(20% opp. cost) x $24,000 =
Profits > Required pre-tax return
10-8
Quality of Trade Account
Possible Cash Discount
(1) Average Collection Period
(2) Bad-debt Losses
-- The period of time
during which a cash discount can be taken for
early payment. For example,
allows a
cash discount in the first 10 days from the
invoice date.
($2,000,000 sales) / (12 Turns) = $166,667
10-13
u Credit and Collection Policies
u Analyzing the Credit Applicant
u Inventory Management and Control
10-2
Possible Cash Discount
(1) Average Collection Period
10-10
is considering changing its
credit period from
(which has resulted
in 12 A/R “Turns” per year) to
(which is
expected to result in 6 A/R “Turns” per year).
(20% opp. cost) x $24,000 =
Profits > Required pre-tax return
10-8
Quality of Trade Account
Possible Cash Discount
(1) Average Collection Period
(2) Bad-debt Losses
-- The period of time
during which a cash discount can be taken for
early payment. For example,
allows a
cash discount in the first 10 days from the
invoice date.
($2,000,000 sales) / (12 Turns) = $166,667
10-13
财务管理ppt英文课件chapter-1.ppt
Part I: Part II: Part III: Part IV: Part V: Part VI:
Part VII:
Introduction to Financial Management Valuation Tools of Financial Analysis and Planning Working Capital Management Investment in Capital Assets The Cost of Capital , Capital Structure, and Dividend Policy Intermediate and Long-term Financing
Copyright 2001 Prentice-Hall, Inc.
12
Fundamentals of Financial Management, 11/e by Van Horne and Wachowicz.
Slides prepared by Wu Xiaolan
Profit Maximization
3
Fundamentals of Financial Management, 11/e by Van Horne and Wachowicz.
Slides prepared by Wu Xiaolan
Chapter 1
The Role of Financial Management
Copyright 2001 Prentice-Hall, Inc.
5
Fundamentals of Financial Management, 11/e by Van Horne and Wachowicz.
Slides prepared by Wu Xiaolan
财务管理英文版(PPT 60页)
13-2
13-3
Proposed Project Data
Julie Miller is evaluating a new project for her firm, Basket Wonders (BW).
She has determined that the after-tax cash flows for the project will be
$40,000 = $10,000(.909) + $12,000(.826) + $15,000(.751) + $10,000(.683) + $ 7,000(.621)
$40,000 = $9,090 + $9,912 + $11,265 + $6,830 + $4,347
= $41,444 [Rate is too low!!]
$1,444 $4,603
X
$1,444
.05 = $4,603
13-15
IRR Solution (Interpolate)
X .05
.10 $41,444 IRR $40,000 .15 $36,841
$1,444 $4,603
X
$1,444
.05 = $4,603
13-16
IRR Solution (Interpolate)
13-13
IRR Solution (Try 15%)
$40,000 = $10,000(PVIF15%,1) + $12,000(PVIF15%,2) + $15,000(PVIF15%,3) + $10,000(PVIF15%,4) + $ 7,000(PVIF15%,5)
13-3
Proposed Project Data
Julie Miller is evaluating a new project for her firm, Basket Wonders (BW).
She has determined that the after-tax cash flows for the project will be
$40,000 = $10,000(.909) + $12,000(.826) + $15,000(.751) + $10,000(.683) + $ 7,000(.621)
$40,000 = $9,090 + $9,912 + $11,265 + $6,830 + $4,347
= $41,444 [Rate is too low!!]
$1,444 $4,603
X
$1,444
.05 = $4,603
13-15
IRR Solution (Interpolate)
X .05
.10 $41,444 IRR $40,000 .15 $36,841
$1,444 $4,603
X
$1,444
.05 = $4,603
13-16
IRR Solution (Interpolate)
13-13
IRR Solution (Try 15%)
$40,000 = $10,000(PVIF15%,1) + $12,000(PVIF15%,2) + $15,000(PVIF15%,3) + $10,000(PVIF15%,4) + $ 7,000(PVIF15%,5)
- 1、下载文档前请自行甄别文档内容的完整性，平台不提供额外的编辑、内容补充、找答案等附加服务。
- 2、"仅部分预览"的文档,不可在线预览部分如存在完整性等问题,可反馈申请退款(可完整预览的文档不适用该条件!)。
- 3、如文档侵犯您的权益，请联系客服反馈,我们会尽快为您处理(人工客服工作时间：9:00-18:30)。
Financial Management Decision
Long-term investment decisions
( What long-term investments should the firm undertake?)
Long-term financing decisions
(How should the firm raise money to fund these investments?)
• Read the mini case and think: 1. What‟s the Dell‟s Sales philosophy? 2. Find the specialized vocabulary of financial management?
Dell 销售理念
按照客户要求制造计算机，并向客 户直接发货，使戴尔公司能够最有效和 明确地了解客户需求，继而迅速做出回 应。这个直接的商业模式消除了中间商， 这样就减少了不必要的成本和时间，让 戴尔公司更好地理解客户的需要。
16.mix of debt and equity 负债与股票的组合 cash dividend 现金股利 dividend policy 股利政策 dividend-payout ratio 股利支付比率 risk aversion 风险规避 stock repurchase （stock buyback) 股票回购 stock offering 股票发行 financing mix 融资组合
11. stockholder（shareholder)股东 None of the shareholder attend the AGM. 没有一个股东出席年度股东大会。 12.tradeoff 权衡，折中 risk-return tradeoff 风险-收益权衡 13.inventory 存货 make an inventory of 盘点; 编制...清单 14.patent 专利 trademark 商标 international protection of patent 专利权的国际保护 What trademark is it? 什么品牌的? 15.creditor 债权人 He come to an arrangement with his creditor. 他与债权人达成解决纠纷协议。
Working Capital Management Decisions
(How should the firm manage its short-term assets and liabilities?)
Long-term investment decisions
• • • • • In 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? Should the firm modernize or sell an old production facility? Should the firm introduce a more efficient distribution system than the current one?
1.The notion of the capital budgeting ? Process of planning and managing a firm‟s longterm investments is called budgeting. 2.The investment principle ? The firm should invest in assets and projects yielding a return greater than the minimum acceptable hurdle rate.
1.
2.
Who are the people of the financial managers? The person associated with the financial management function is usually a top officer of the firm such as a vice president or the chief financial officer (CFO) What are the duties and responsibilities of the financial manager ? The two main functions of the financial manager concern acquiring and allocating funds among a firm‟s activities. They also acts as a liaison between others in the finance department and management personnel from other departments.
common stock 普通股 preferred stock 优先股 current asset 流动资产 current liability 流动负债 stockholders’ equity 股东权益 marketable security 流动性证券 tangible fixed assets 有形固定资产 intangible fixed assets 无形固定资产
5.vice president of finance 财务副总裁 chief financial officer(CFO) 首席财务官 chief executive officer(CEO)首席执行官 6.pivotal 关键的
Any deviation from this economy pivotal task endangers our material base. 离开了经济建设这个中心，就有丧失物质基础的危险。 7. allocate(资源、权利）配置 capital allocation 资本配置 allocate shares 分配股份
8. Volatility 不稳定性 Interest rates and financial market volatility would remain high due to the market uncertainty. 市场前景不明朗，亦会令利率持续高起，金融市场波动。 9.balance sheet 资产负债表 income (profit) statement 利润表 cash flow statement 现金流量表 10.capital budgeting 资本预算 capital structure 资本结构 working capital management 营运资本管理 Capital Budgeting and Long-term Financing management 资本预算及远期财务管理
Financial management is an integrated decisionmaking process concerned with acquiring, financing, and managing assets to accomplish some overall goal within a business entity. • managerial finance • corporate finance • business finance CEO- chief executive officer CFO- chief financial officer vice president of finance
words study
1.financial management 财务管理 2.decision-making 决策，决策的 investment decisions; financing decisions; 3.acquisition 收购（purchase) acquire 取得 acquisition and loss of ownership 所有权的取得和丧失 4.publicly traded corporations 上市公司 listed corporation stock is publicly traded but most is held by a few shareholders who have no plans to sell 股票公开买卖，但是大部分股票被少数不计划卖出的1 Financial Management and Financial Manager
1.2 Financial Management Decision 1.3 Risk–Return Tradeoff
Financial Management and Financial Manager
Long-term financing decisions
• • • • • • Does the type of financing used make a difference? Is the existing capital structure the right one? How and where should the firm raise money? Should the firm use funds raised through its revenues? Should the firm raise money from outside the business? If the firm seeks external financing, should it bring in other owners or borrow the money?