Financing Your Business--Hessler-Financing
反洗钱英文专业术语
反洗钱（Anti-Money Laundering，简称AML）涉及的英文专业术语有很多，以下是一些常见和重要的专业术语：1. Anti-Money Laundering (AML) -反洗钱2. Money Laundering (ML) -洗钱3. Terrorist Financing (TF) -恐怖分子融资4. Know Your Customer (KYC) -了解你的客户5. Customer Due Diligence (CDD) -客户尽职调查6. Enhanced Due Diligence (EDD) -加强尽职调查7. Politically Exposed Persons (PEPs) -政治敏感人物8. Suspicious Transaction Report (STR) -可疑交易报告9. Currency Transaction Report (CTR) -货币交易报告10. Financial Crimes Enforcement Network (FinCEN) -美国金融犯罪执法网络11. Financial Action Task Force (FATF) -金融行动任务组12. Risk Assessment -风险评估13. Beneficial Owner -实际受益人14. Money Laundering Reporting Officer (MLRO) -反洗钱报告官15. Compliance -合规16. Shell Company -壳公司17. Smurfing -分散洗钱(将大量资金拆分为小笔交易以逃避监管)18. Layering -分层(在洗钱过程中将资金进行灵活运作，提高追踪难度)19. Integration -融入(将洗钱后的资金引入正规金融体系)20. Predicate Offense -基础犯罪(产生非法收益的犯罪，如贩毒、贪污、诈骗等)以上仅列举了部分反洗钱英文专业术语，在具体实践中可能还涉及更多具体的概念和词汇。
中小企业融资渠道中英文对照外文翻译文献
中小企业融资渠道中英文对照外文翻译文献Title: Financing Channels for Small and Medium-sized Enterprises: A Comparative Analysis of Chinese and English LiteratureIntroduction:Small and medium-sized enterprises (SMEs) play a crucial role in driving economic growth, job creation, and innovation. However, they often face challenges in accessing finance due to limited assets, credit history, and information transparency. This article aims to provide a comprehensive analysis of financing channels for SMEs, comparing existing literature in both Chinese and English.1. Overview of SME Financing Channels:1.1 Bank Loans:Traditional bank loans are a common financing option for SMEs. They offer advantages such as long-term repayment periods, lower interest rates, and established banking relationships. However, obtaining bank loans may be challenging for SMEs with insufficient collateral or creditworthiness.1.2 Venture Capital and Private Equity:Venture capital (VC) and private equity (PE) attract external investments in exchange for equity stakes. These financing channels are particularly suitable for high-growth potential SMEs. VC/PE investors often provide not only financial resources but also expertise and networks to support SMEs' growth. However, SMEs may face challenges in meeting the stringent criteria required by VC/PE firms, limiting accessibility.1.3 Angel Investment:Angel investors are wealthy individuals who provide early-stage funding to SMEs. They are often interested in innovative and high-potential ventures. Angel investments can bridge the funding gap during a company's initial stages, but SMEs need to actively seek out and convince potential angel investors to secure funding.1.4 Government Grants and Subsidies:Governments offer grants and subsidies to support SMEs' business development and innovation. These resources play a pivotal role in ensuring SMEs' survival and growth. However, the application process can be cumbersome, and the competition for these funds is usually high.1.5 Crowdfunding:Crowdfunding platforms allow SMEs to raise capital from a large poolof individual investors. This channel provides opportunities for SMEs to showcase their products or services and engage directly with potential customers. However, the success of crowdfunding campaigns depends on effective marketing strategies and compelling narratives.2. Comparative Analysis:2.1 Chinese Literature on SME Financing Channels:In Chinese literature, research on SME financing channels focuses on the unique challenges faced by Chinese SMEs, such as information asymmetry, high collateral requirements, and insufficient financial transparency. Studiesemphasize the importance of government policies, bank loans, and alternative financing channels like venture capital and private equity.2.2 English Literature on SME Financing Channels:English literature encompasses a broader range of financing channels and their implications for SMEs worldwide. It highlights the significance of business angel investment, crowdfunding, trade credit, factoring, and peer-to-peer lending. The literature also emphasizes the role of financial technology (fintech) in expanding SMEs' access to finance.3. Recommendations for SMEs:3.1 Enhancing Financial Literacy:SMEs should invest in improving their financial literacy to understand different financing options and strategies. This knowledge will help them position themselves more effectively when seeking external funding.3.2 Diversifying Funding Sources:To mitigate financing risks, SMEs should explore multiple channels simultaneously. A diversified funding portfolio can help SMEs access different sources of capital while reducing dependence on a single channel.3.3 Building Relationships:Developing relationships with banks, investors, and relevant stakeholders is crucial for SMEs seeking financing. Strong networks and connections can provide valuable support and increase the likelihood of securing funding.Conclusion:Access to appropriate financing channels is crucial for the growth and development of SMEs. This analysis of financing channels for SMEs, comparing Chinese and English literature, highlights the diverse options available. By understanding the strengths and limitations of each channel, SMEs can make informed decisions and adopt strategies that align with their unique business requirements. Governments, financial institutions, and other stakeholders should continue to collaborate in creating an enabling environment that facilitates SMEs' access to finance.。
企业融资英语
企业融资英语在企业融资的背景下，涉及到一系列专业术语和表达方式。
以下是一些与企业融资相关的英语表达：●融资类型(Types of Financing):1.Debt financing: 债务融资2.Equity financing: 股权融资3.Venture capital: 风险投资4.Angel investment: 天使投资5.Private placement: 私募融资●融资渠道(Funding Channels):1.Bank loans: 银行贷款2.Bonds: 债券3.IPO (Initial Public Offering): 首次公开募股4.Crowdfunding: 众筹●融资流程(Financing Process):1.Due diligence: 尽职调查2.Term sheet: 条款协议书3.Valuation: 估值4.Pitching: 推介（向投资者介绍）●融资阶段(Stages of Financing):1.Seed financing: 种子轮融资2.Series A/B/C funding: A/B/C轮融资3.Mezzanine financing: 中间融资4.Bridge financing: 过渡性融资●财务指标(Financial Metrics):1.ROI (Return on Investment): 投资回报率2.EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization): 息税折旧摊销前利润3.Cash flow: 现金流4.Burn rate: 烧钱速度（每月的负现金流）交易条款(Deal Terms):1.Equity stake: 股权份额2.Convertible note: 可转换债券3.Pre-money valuation: 公司估值（融资前）4.Post-money valuation: 公司估值（融资后）这些术语可帮助描述企业融资的不同方面，以及与投资、财务等相关的内容。
金融英语口语情景对话常见练习
金融英语口语情景对话常见练习学习金融英语，离不开提高英语口语能力，那么一些常用的金融英语口语都有哪些呢?下面店铺为大家带来金融英语口语情景对话，欢迎大家学习!金融英语口语情景对话一D:Hi, Roy. How are your things going?马：嗨，罗伊，近来一切都好吗?R:Fine. Everything is going smoothly.R：好，挺好。
一切进展顺利。
D:This is Miss Harriet Smith, finance manager of A & P Corporation.马：这位是哈里.史密斯先生，A$P公司的财务经理。
This is Mr. Roy Stanford.这位是罗伊.斯坦福先生。
H:How do you do?史：您好!R:How do you do? I work in the international trade and banking division.斯：您好!我在国际贸易与银行业务部任职。
As you know, we're very much involved with many large American corporations dealing withinternational trade.我们参与许多美国大公司的国际贸易事务。
H:Yeah. That's why I come here this afternoon.斯：是啊，这正是我今天下午此行的目的。
R:What we're doing is actively and hopefully developing a relationship with large companiesincluding their subsidiaries or branches to ensure that we can provide all services they need.斯：我们正在积极乐观地与大公司以及它们的子公司或分支机构建立业务联系，以确保我们向他们提供各项服务。
汉译英金融函电
汉译英1.感谢贵行开出的上述信用证，但我方根据所给的号码无法在有权人签字一览表中找到。
Thank you for opening the captioned letter of credit .we cannot however find the signatures thereon with your booklet of specimen signatures according to the number given。
2.感谢你行对我行开来上述信用证。
然而，我行无法根据所给号码以你行的签字样本来鉴定给信用证上签名的真伪。
Thank you for opening the above letter of credit. We cannot however identify the signature thereon with your specimen signatures according to the number given.3.我行收到了你行2005年12月3日，编号为983，金额为891000美元的信用证，发现信用证没有副本。
We acknowledge receipt of your L/C No.983dated December 3,2005 for US $ 891000 and have noticed that the credit is not the counter-signed。
4.如贵行能通过我行向这些客户推荐对上述商品的销售感兴趣并富有经验而资信可靠的进口商，我行将不胜感激。
We shall be much grateful if you would recommend to the customers through us, some reliable importers who are interested and well experienced in the marketing of theabove-mentioned commodities。
外籍人士支付指南英文版
外籍人士支付指南英文版Expatriate Guide to Payment in the United States.As an expatriate living in the United States, managing your finances can be a daunting task. The country's complex financial system and unfamiliar banking practices can make it challenging to navigate the waters of money management. This guide aims to provide you with a comprehensive understanding of the payment system in the US, empowering you to make informed decisions and manage your finances effectively.Currency and Exchange Rates.The official currency of the United States is the US Dollar ($). It is divided into 100 cents. When making international transactions, it is essential to be aware of the exchange rate between your home currency and the US Dollar. Exchange rates fluctuate constantly, so it's advisable to monitor them regularly to get the bestpossible deal.Banking in the US.Opening a bank account in the US is crucial for managing your finances. To open an account, you will typically need to provide proof of identity, such as a passport or driver's license, and proof of address. Once your account is established, you will receive a debit card and checks for making payments.Electronic Funds Transfer (EFT)。
金融专业英语名词
Financial MarketsFinancial market金融市场: A financial market is a market in which people and entities can trade financial securities, commodities and other fungible items of value at low transaction costs and at prices that reflects supply and demand.International financial market国际金融市场: A financial market that involves participants all over the world.(查不到自己编的，请慎重考虑)Direct financing直接融资: An investor purchases the securities issued by ultimate borrowers (i.e. without intermediaries).Indirect financing间接融资: Indirect financing is where borrowers borrow funds from the financial market through indirect means, such as through a financial intermediary.Money market货币市场: Money market is a component of financial market for assets involved in short-term borrowing, lending, buying and selling with ORIGINAL maturities of one year or less. Capital market资本市场: Capital market provides for the buying and selling of long-term(over 1 year) debts or equity-backed securities.Foreign exchange market (or currency market)外汇市场: Foreign exchange market deals with the exchanges of different means of payment.Primary market一级市场: A primary market is a market in which new issues of a security (like a bond or a stock), are sold to initial buyers by the corporation or government agency borrowing the funds.Secondary market二级市场: A secondary market is where is where the sale of previously issued securities takes place.Exchange market交易所市场: It is a highly organized market where tradable securities, commodities, foreign exchanges, futures and option contracts are sold and bought.OTC market柜台市场: over-the-counter market. A decentralized market of securities not listed on an exchange where market participants trade over the telephone, facsimile or electronic network instead of a physical trading floor.Technical analysis技术分析: It is the art of deducing probable future trend from historical records of stock trading. (the study of the stock market itself rather than external factors) Fundamental analysis基本面分析或基础分析: It examines all relevant factors affecting the stock price in order to determine an intrinsic value for that stock.The top-down approach or Economy-Industry-Company(EIC) model自上而下法:1)select a country which could offer the investors better returns from other economies;2)select promising industries and companies in this country.The bottom-up or stock picking approach自下而上法: It is to find undervalued stocks regardless of the market and industry factors.Capital MarketBond债券: Bonds are securities that represent a debt owed by the issuer to the investor. They obligate the issuer to pay a specified amount at a given date.Government notes and bonds(Treasury bonds)国库券: They are issued to finance the national debt. Difference: notes have a original maturity of 1year to 10 years while bonds have a original maturity of 10-30 years. Note that they are free of default risk.Corporate bonds公司债券: Large corporations issue bonds in order to borrow funds for long periods of time. The bond indenture is a contract that states the lender’s rights and privileges andthe the borrower’s obligations.Stock股票: Shares of stock in the firm represent ownership.Outstanding stock流通股: The shares of a corporation’s stock that have been issued and are in the hands of the public.Mortgage loan抵押贷款: A mortgage loan is a loan secured by real property.Foreign Exchange MarketExchange rate汇率: The ratio of two different currencies.Bills of exchange票据: They are financial documents that require the individual or business that is addressed in the document to pay a specified amount of money on a date that is cited in the document.Demand draft即期汇票: It is a check created by a merchant with a buyer’s checking account number on it, but without the buyer’s original signature.Bankers draft银行汇票: It is a check where the funds are taken directly from financial institutions rather than the individual drawer’s account.Foreign bond外国债务: A bond issued in a domestic market by a foreign entity, in the domestic market’s currency.Dividend check股利支票: A share of profits in the form of checks received by a stockholder. （查不到自己编的，请慎重考虑）Pension check养老金支票: A sum of money in the form of checks paid regularly as a retirement benefit or by way of patronage.(查不到自己编的，请慎重考虑。
商务英语unit 3 financing
Equity financing describes an exchange of money for a share of business ownership.
– This form of financing allows you to obtain funds without incurring debt; in other words, without having to repay a specific amount of money at any particular time. – The major disadvantage to equity financing is the dilution(稀释) of your ownership interests and the possible loss of control that may accompany a sharing of ownership with additional investors.
Long Term Finance
Financing is commonly used to purchase, improve, or expand fixed assets, such as your plant, facilities, major equipment, and real estate. Bank loans Bonds (An agreement by a government or company to pay you interest on the money you have lent) stock
because new investment is not taking place. Owners are often searching for the best way to sell out.
财务英文邮件常用语有哪些
财务英文邮件常用语有哪些English is the international language of business, and as such, it is essential for finance professionals to be proficient in writing effective and professional emails. In this article, we will explore some common phrases and expressions that can be used in finance-related email communication. These phrases will help ensure clear and concise communication, maintain a professional tone, and facilitate effective collaboration between finance professionals in multinational organizations.1. Greetings and IntroductionsWhen starting a finance email, it is important to begin with a proper greeting and introduction to set the tone and establish rapport. Some common greetings and introductions include:- Dear [Recipient's Name],- Hello [Recipient's Name],- Good morning/afternoon/evening [Recipient's Name],2. Requesting Information or DocumentationFinance professionals often need to request information or documents from colleagues, clients, or suppliers. The following phrases can be used to make such requests:- I am writing to inquire about...- Could you please provide me with...- I would appreciate it if you could send me...3. Providing Information or DocumentationWhen responding to requests or providing information, it is important to be clear and detailed. Some commonly used phrases include:- Attached, please find...- I have enclosed the requested documents...- The information you requested is as follows...4. Confirming or Declining RequestsIn finance, it is common to receive requests for various types of approvals or confirmations. The following phrases can be used to confirm or decline such requests:- I am pleased to confirm that...- Unfortunately, I am unable to...- Thank you for your request. We are currently reviewing it and will get back to you shortly.5. Discussing Financial MattersFinance professionals often need to discuss financial matters such as budgets, forecasts, or discrepancies. Some useful phrases for discussing financial matters include:- According to our records, there is an inconsistency in...- I would like to bring to your attention...- We need to revise our budget due to...6. Making Suggestions or RecommendationsWhen providing suggestions or recommendations in a finance email, it is important to be tactful and respectful. Some useful phrases for making suggestions include:- It might be beneficial to consider...- Have you thought about...- I would like to propose the following solution...7. Apologizing or Acknowledging MistakesIn the event that a mistake has been made, it is important to apologize and take responsibility. The following phrases can be used to apologize or acknowledge mistakes:- I apologize for any inconvenience caused by...- We acknowledge that an error was made in...- Rest assured, we are taking immediate action to rectify the situation.8. Closing RemarksWhen concluding a finance email, it is important to end on a polite and professional note. Some common closing phrases include:- Thank you for your attention to this matter.- Please do not hesitate to contact me if you have any further questions.- We appreciate your cooperation in this regard.9. Sign-offThe email signature is the final element of an email. It is recommended to include your full name, job title, and contact information for easy reference. For example:- Kind regards,[Your Name][Your Job Title][Company Name][Phone Number][Email Address]In conclusion, effective communication in finance emails is essential for maintaining professionalism and ensuring clear understanding between professionals. By using these common phrases and expressions, finance professionals can enhance their email writing skills and establish effective communication channels within their organizations.。
怀尔德会计学原理答案Chapter-03
Chapter 3Adjusting Accounts and Preparing1. The cash basis of accounting reports revenues when cash is received while theaccrual basis reports revenues when they are earned. The cash basis reports expenses when cash is paid while the accrual basis reports expenses when they are incurred and matched with revenues they generated.2. The accrual basis of accounting generally provides a better indication of companyperformance and financial condition than does the cash basis. Also, the accrual basis increases the comparability of financial statements from one period to the next.Thus, business decision makers generally prefer the accrual basis.3. Businesses that have major seasonal variations in sales are most likely to select thenatural business year as the fiscal year.4. A prepaid expense is an item paid for in advance of receiving its benefits. As such, itis reported as an asset on the balance sheet.5. Long-term tangible plant assets such as equipment, buildings, and machinery leadto adjustments for depreciation. Generally, land is the only long-term tangible plant asset that does not require depreciation.6. The Accumulated Depreciation contra account is used for depreciation. It providesfinancial statement users with additional information about the relative age of the assets. Without the contra account information, the reader would not be able to tell whether the assets are new or in need of replacement.7. Unearned revenue refers to cash received in advance of providing products andservices. Another name for unearned revenue is deferred revenue. It is reported asa liability on the balance sheet.8. Accrued revenue is revenue that is earned but is not yet received in cash (and/orother assets) and the customer has not been billed prior to the end of the period.Therefore, end-of-period adjustments are made to record accrued revenue.Examples are interest income that has been earned but not collected and revenues from services performed that are neither collected nor billed.9.A If prepaid expenses are initially recorded with debits to expense accounts, then theprepaid expenses asset accounts are debited in the adjusting entries.10. For Best Buy, all of the accounts under the category of Property and Equipment(except for Land), require adjusting entries. The expense related to the depreciation expense account would be understated on the income statement if Best Buy fails to adjust these asset accounts. If the adjusting entries are not made, net income would be overstated. Note: Students might also correctly identify accounts receivable, goodwill, and tradenames as needing adjustment.11. Circuit City must make adjusting entries to Prepaid expenses and other currentassets; Deferred income taxes; Accrued expenses and other current liabilities;Accrued income taxes; and possibly other assets and liabilities such as Receivables for bad debts. (It is also possible that Circuit City would need to adjust Goodwill and Other intangible assets.)12. RadioShack would need to debit interest receivable and credit interest revenue.13. The Accrued Wages Expense would be reported as part of “Accrued Expenses” onCash AccountingRevenues (cash receipts) ...................................................... $52,000Expenses (cash payments: $37,500 - $6,000 + $3,250) ...... 34,750Net income ............................................................................. $17,250 Accrual AccountingRevenues (earned) ................................................................ $60,000Expenses (incurred) .............................................................. 37,500Net income .............................................................................. $22,500 Quick Study 3-2 (10 minutes)a. AE Accrued expensesb. PE Prepaid expensesc. UR Unearned revenuesd. PE Prepaid expenses (Depreciation)e. AR Accrued revenuesa. Debit Unearned Revenue Balance SheetCredit Revenue Earned Income Statementb. Debit Wages Expense Income StatementCredit Wages Payable Balance Sheetc. Debit Accounts Receivable Balance SheetCredit Revenue Earned Income Statementd. Debit Insurance Expense Income StatementCredit Prepaid Insurance Balance Sheete. Debit Depreciation Expense Income StatementCredit Accumulated Depreciation Balance SheetQuick Study 3-4 (15 minutes)a. Insurance Expense ....................................................... 3,000Prepaid Insurance ................................................. 3,000 To record 6-month insurance coverage expired.b. Supplies Expense ......................................................... 4,150Supplies .................................................................. 4,150 To record supplies used during the year.($900 + $4,000 – [?] = $750)Quick Study 3-5 (15 minutes)a. Depreciation Expense—Equipment ............................ 8,400Accumulated Depreciation—Equipment ............. 8,400 To record depreciation expense for the year.($45,000 - $3,000) / 5 years = $8,400b. No depreciation adjustments are made for land asit is expected to last indefinitely.Salaries Expense (400)Salaries Payable (400)To record salaries incurred but not yet paid.[One student earns $100 x 4 days, Mondaythrough Thursday]Quick Study 3-7 (15 minutes)a. Unearned Revenue ........................................................ 22,500Legal Revenue ....................................................... 22,500 To recognize legal revenue earned (30,000 x 3/4).b. Unearned Subscription Revenue ................................ 1,200Subscription Revenue ........................................... 1,200 To recognize subscription revenue earned.[100 x ($24 / 12 months) x 6 months]1. Accrue salaries expense e ga f2. Adjust the Unearned Services Revenue accountto recognize earned revenueb f3. Record the earning of services revenue for whichcash will be received the following periodQuick Study 3-9 (10 minutes)The answer is a.ExplanationThe debit balance in Prepaid Insurance was reduced by $400, implying a $400 debit to Insurance Expense. The credit balance in Interest Payable increased by $800, implying an $800 debit to Interest Expense.The answer is 2.ExplanationInsurance premium errorUnderstates expenses (and overstates assets) by .......... $1,600 Accrued salaries errorUnderstates expenses (and understates liabilities) by .... 1,000The collective effects from this company’s errors follow:Understates expenses by ..................................................... $2,600Overstates assets by ............................................................. $1,600Understates liabilities by ...................................................... $1,000 Quick Study 3-11 (10 minutes)Profit margin = $78,750 / $630,000 = 12.5%Interpretation: For each dollar that records as revenue, it earns 12.5 cents in net income. Miller’s 12.5% is markedly lower than competitors’ average profit margin of 15%—it must improve performance.Quick Study 3-12A (5 minutes)1. B 4. A2. F 5. D3. C 6. EExercise 3-2 (25 minutes)a. Depreciation Expense—Equipment ................................ 16,000Accumulated Depreciation—Equipment..................... 16,000 To record depreciation expense for the year.b. Insurance Expense ........................................................... 5,360Prepaid Insurance* ....................................................... 5,360 To record insurance coverage that expired($6,000 - $640).c. Office Supplies Expense .................................................. 3,422Office Supplies**............................................................ 3,422 To record office supplies used ($325 + $3,480 - $383).d. Unearned Fee Revenue .................................................... 3,000Fee Revenue .................................................................. 3,000 To record earned portion of fee received in advance($15,000 x 1/5).e. Insurance Expense ........................................................... 6,160Prepaid Insurance ......................................................... 6,160 To record insurance coverage that expired.f. Wages Expense ................................................................. 2,700Wages Payable .............................................................. 2,700 To record wages accrued but not yet paid.a. Unearned Fee Revenue .................................................... 5,000Fee Revenue .................................................................. 5,000 To record earned portion of fee received in advance($15,000 x 1/3).b. Wages Expense ................................................................. 7,500Wages Payable .............................................................. 7,500 To record wages accrued but not yet paid.c. Depreciation Expense—Equipment ................................ 17,251Accumulated Depreciation—Equipment..................... 17,251 To record depreciation expense for the year.d. Office Supplies Expense .................................................. 5,682Office Supplies*............................................................. 5,682 To record office supplies used ($240 + $6,102 - $660).e. Insurance Expense ........................................................... 2,700Prepaid Insurance†........................................................ 2,700 To record insurance coverage expired ($4,000 - $1,300).f. Interest Receivable ......................................................... 1,400Interest Revenue ........................................................ 1,400 To record interest earned but not yet received.g. Interest Expense ............................................................. 2,000Interest Payable........................................................... 2,000 To record interest incurred but not yet paid.a. Adjusting entry2009Dec. 31 Wages Expense (825)Wages Payable (825)To record accrued wages for one day.(5 workers x $165)b. Payday entry2010Jan. 4 Wages Expense.......................................................2,475Wages Payable (825)Cash .....................................................................3,300To record accrued and current wages.Wages expense = 5 workers x 3 days x $165Cash = 5 workers x 4 days x $165Exercise 3-5 (15 minutes)a. $ 2,000b. $ 6,607c. $11,987d. $ 1,375Proof: (a) (b) (c) (d) Supplies available – prior year-end ......... $ 350 $1,855 $ 1,576 $1,375 Supplies purchased in current year ........ 2,450 6,307 11,987 6,907 Total supplies available ............................ 2,800 8,162 13,563 8,282 Supplies available – current year-end ..... (800) (6,607) (2,056) (800) Supplies expense for current year........... $2,000 $1,555 $11,507 $7,482a.Apr. 30 Legal Fees Expense ........................................... 4,500Legal Fees Payable ..................................... 4,500 To record accrued legal fees.May 12 Legal Fees Payable ............................................ 4,500Cash ............................................................. 4,500 To pay accrued legal fees.b.Apr. 30 Interest Expense ................................................. 1,900Interest Payable .......................................... 1,900 To record accrued interest expense($5,700 x 10/30).May 20 Interest Payable .................................................. 1,900Interest Expense ................................................. 3,800Cash ............................................................. 5,700 To record payment of accrued and currentinterest expense ($5,700 x 20/30).c.Apr. 30 Salaries Expense ................................................ 4,800Salaries Payable.......................................... 4,800 To record accrued salaries($12,000 x 2/5 week).May 3 Salaries Payable ................................................. 4,800Salaries Expense ................................................ 7,200Cash ............................................................. 12,000 To record payment of accrued andcurrent salaries ($12,000 x 3/5 week).Basis*Basis Basis**Basis Dec. 31, 2007 ........$14,450 $0 2007 ..........$ 850 $15,300 Dec. 31, 2008 ........9,350 0 2008 ..........5,100 0 Dec. 31, 2009 ........4,250 0 2009 .......... 5,100 0 Dec. 31, 2010 ........0 0 2010 .......... 4,250 0$15,300 $15,300 Explanations:*Accrual asset balance equals months left in the policy x $425 per month (monthly cost is computed as $15,300 / 36 months).Months Left Balance12/31/2007 .. 34 $14,45012/31/2008 .. 22 9,35012/31/2009 .. 10 4,25012/31/2010 .. 0 0**Accrual insurance expense equals months covered in the year x $425 per month.Months Covered Expense2007 ............ 2 $ 8502008 ............12 5,1002009 ............12 5,1002010 ............10 4,250$15,300Dec. 31 Accounts Receivable ............................................. 1,980Fees Earned ..................................................... 1,980 To record earned but unbilled fees (30% x $6,600).31 Unearned Fees ........................................................ 4,620Fees Earned ..................................................... 4,620 To record earned fees collected in advance(70% x $6,600).31 Depreciation Expense—Computers ..................... 1,650Accumulated Depreciation-Computers ........ 1,650 To record depreciation on computers.31 Depreciation Expense—Office Furniture ............. . 1,925A ccumulated Depreciation—Office Furniture ... 1,925To record depreciation on office furniture.31 Salaries Expense .................................................... 2,695Salaries Payable.............................................. 2,695 To record accrued salaries.31 Insurance Expense.................................................. 1,430Prepaid Insurance ........................................... 1,430 To record expired prepaid insurance.31 Rent Expense (700)Rent Payable (700)To record accrued rent expense.31 Office Supplies Expense (528)Office Supplies (528)To record use of office supplies.31 Advertising Expense (500)Advertising Payable (500)To record accrued advertising expense.31 Utilities Expense (77)Utilities Payable (77)To record incurred and unpaid utility costs.a. $ 6,039 / $ 52,970 = 11.4%b. $100,890 / $ 471,430 = 21.4%c. $106,880 / $ 301,920 = 35.4%d. $ 67,140 / $1,721,520 = 3.9%e. $ 84,780 / $ 513,800 = 16.5%Analysis and Interpretation: Company c has the highest profitability according to the profit margin ratio. Company c earns 35.4 cents in net income for every one dollar of net sales earned.Exercise 3-10A (30 minutes)a.Dec. 1 Supplies Expense ................................................... 2,000Cash ................................................................. 2,000 Purchased supplies.b.Dec. 2 Insurance Expense ................................................. 1,540Cash ................................................................. 1,540 Paid insurance premiums.c.Dec. 15 Cash ......................................................................... 13,000Remodeling Fees Earned ............................... 13,000 Received fees for work to be done.d.Dec. 28 Cash ......................................................................... 3,700Remodeling Fees Earned ............................... 3,700 Received fees for work to be done.e.Dec. 31 Supplies .................................................................. 1,840Supplies Expense ........................................... 1,840 Adjust expenses for unused supplies.f.Dec. 31 Prepaid Insurance .................................................. 1,200Insurance Expense ......................................... 1,200 Adjust expenses for unexpired coverage($1,540 - $340).g.Dec. 31 Remodeling Fees Earned ..................................... 11,130Unearned Remodeling Fees .......................... 11,130 Adjusted revenues for unfinished projects($13,000 + 3,700 - $5,570).a. Initial credit recorded in the Unearned Fees accountJuly 1 Cash ....................................................................... 2,800Unearned Fees .............................................. 2,800 Received fees for work to be done for Solana.6 Cash ....................................................................... 8,100Unearned Fees .............................................. 8,100 Received fees for work to be done for Haru.12 Unearned Fees ...................................................... 2,800Fees Earned ................................................... 2,800 Completed work for Solana.18 Cash ....................................................................... 7,300Unearned Fees .............................................. 7,300 Received fees for work to be done for Jordan.27 Unearned Fees ...................................................... 8,100Fees Earned ................................................... 8,100 Completed work for customer Haru.31 No adjusting entries required.b. Initial credit recorded in the Fees Earned accountJuly 1 Cash ....................................................................... 2,800Fees Earned ................................................... 2,800 Received fees for work to be done for Solana.6 Cash ....................................................................... 8,100Fees Earned ................................................... 8,100 Received fees for work to be done for Haru.12 No entry required.18 Cash ....................................................................... 7,300Fees Earned ................................................... 7,300 Received fees for work to be done for Jordan.27 No entry required.31 Fees Earned .......................................................... 7,300Unearned Fees .............................................. 7,300 Adjusted to reflect unearned fees for unfinishedjob for Jordan.c. Under the first method (and using entries from a)Unearned Fees = $2,800 + $8,100 - $2,800 + $7,300 - $8,100 = $7,300 Fees Earned = $2,800 + $8,100 = $10,900Unearned Fees = $7,300Fees Earned = $2,800 + $8,100 + $7,300 - $7,300 = $10,9001. I 5. G 9. H2. D 6. C 10. E3. F 7. I 11. H4. B 8. A 12. BProblem 3-2A (35 minutes)Part 1Adjustment (a)Dec. 31 Office Supplies Expense ................................ 12,325Office Supplies ......................................... 12,325 To record cost of supplies used($2,900 + $11,977 - $2,552).Adjustment (b)31 Insurance Expense .......................................... 12,280Prepaid Insurance .................................... 12,280B 290 ($10,440/36 mo.) 9 2,610C 770 ($ 9,240 /12 mo.) 5 3,850Total $12,280Adjustment (c)31 Salaries Expense ............................................. 3,660Salaries Payable....................................... 3,660 To record accrued but unpaid wages(2 days x $1,830).Adjustment (d)Dec. 31 Depreciation Expense—Building ................... 18,875Accumulated Depreciation—Building ... 18,875 To record annual depreciation expense[($800,000 -$45,000) / 40 years = $18,875]Adjustment (e)31 Rent Receivable ............................................ 3,000Rent Earned ........................................... 3,000 To record earned but unpaid Dec. rent.Adjustment (f)31 Unearned Rent .............................................. 5,436Rent Earned ........................................... 5,436 To record the amount of rent earned forNovember and December (2 x $2,718).Part 2Cash Payment for (c)Jan. 6 Salaries Payable ........................................... 3,660Salaries Expense* ........................................ 5,490Cash ....................................................... 9,150 To record payment of accrued andcurrent salaries. *(3 days x $1,830)Cash Payment for (e)15Cash ............................................................... 6,000Rent Receivable .................................... 3,000Rent Earned ........................................... 3,000 To record past due rent for two months.Part 2Adjustment (a)Dec. 31 Insurance Expense ...............................................3,000Prepaid Insurance ...........................................3,000 To record the insurance expired.Adjustment (b)31 Teaching Supplies Expense ................................9,000Teaching Supplies ..........................................9,000 To record supplies used ($11,000 - $2,000).Adjustment (c)31 Depreciation Expense—Equipment ....................10,000Accumulated Depreciation—Equipment ............10,000 To record equipment depreciation.Adjustment (d)31 Depreciation Expense—Profess. Library ...........5,000A ccumul. Depreciation—Profess. Library.........5,000To record professional library depreciation.Adjustment (e)31 Unearned Training Fees .......................................5,000Training Fees Earned .....................................5,000 To record 2 months’ training fees earnedthat were collected in advance.Adjustment (f)31 Accounts Receivable ............................................4,000Tuition Fees Earned........................................4,000 To record tuition earned($1,600 x 2 1/2 months).Adjustment (g)31 Salaries Expense (480)Salaries Payable (480)To record accrued salaries(2 days x $120 x 2 employees).Adjustment (h)31 Rent Expense ........................................................2,178Prepaid Rent ....................................................2,178 To record expiration of prepaid rent.Part 3WELLS TEACHING INSTITUTEAdjusted Trial BalanceDecember 31, 2009Debit Credit Cash .......................................................................... $ 28,064Accounts receivable ................................................ 4,000Teaching supplies ................................................... 2,000Prepaid insurance .................................................... 13,000Prepaid rent 0Professional library ................................................. 33,000 Accumulated depreciation—Professional library ... $ 15,000 Equipment ................................................................ 75,800 Accumulated depreciation—Equipment ................ 25,000 Accounts payable .................................................... 39,500 Salaries payable . (480)Unearned training fees ............................................ 7,500 T. Wells, Capital ....................................................... 71,000 T. Wells, Withdrawals .............................................. 44,000Tuition fees earned .................................................. 115,000 Training fees earned ................................................ 46,000 Depreciation expense—Professional library ........ 5,000 Depreciation expense—Equipment ....................... 10,000Salaries expense ..................................................... 52,480Insurance expense................................................... 3,000Rent expense ............................................................ 26,136Teaching supplies expense .................................... 9,000 Advertising expense ................................................ 8,000Utilities expense....................................................... 6,000 _______ Totals ........................................................................ $319,480 $319,480Part 4WELLS TEACHING INSTITUTEIncome StatementFor Year Ended December 31, 2009RevenuesTuition fees earned ............................................ $115,000Training fees earned .......................................... 46,000Total revenues .................................................... $161,000 ExpensesDepreciation expense—Professional library ... 5,000Depreciation expense—Equipment .................. 10,000Salaries expense ................................................ 52,480Insurance expense ............................................. 3,000Rent expense ...................................................... 26,136Teaching supplies expense ............................... 9,000Advertising expense .......................................... 8,000Utilities expense ................................................. 6,000Total expenses ................................................... 119,616 Net income ............................................................ $ 41,384WELLS TEACHING INSTITUTEStatement of Owner’s EquityFor Year Ended December 31, 2009T. Wells, Capital, December 31, 2008 ................................. $ 71,000 Plus: Net income .................................................................. 41,384112,384 Less: Withdrawals by owner ............................................... 44,000 T. Wells, Capital, December 31, 2009 ................................. $ 68,384Problem 3-3A (Concluded)WELLS TEACHING INSTITUTEBalance SheetDecember 31, 2009AssetsCash ................................................................................. $ 28,064 Accounts receivable ...................................................... 4,000 Teaching supplies .......................................................... 2,000 Prepaid insurance .......................................................... 13,000 Professional library ........................................................ $33,000 Accumulated depreciation—Professional library ....... (15,000) 18,000 Equipment ....................................................................... 75,800 Accumulated depreciation—Equipment ...................... (25,000) 50,800 Total assets ..................................................................... $115,864LiabilitiesAccounts payable ........................................................... $ 39,500 Salaries payable . (480)Unearned training fees .................................................. 7,500 Total liabilities ................................................................ 47,480EquityT. Wells, Capital .............................................................. 68,384 Total liabilities and equity ............................................. $115,864Problem 3-4A (45 minutes) —Part 1Cash ......................................... $ 86,000 $ 86,000 Accounts receivable ........... 15,000 (a) 4,000 19,000Office supplies ...................... 17,800 (b) 8,800 9,000Prepaid insurance ................ 6,040 (c) 2,080 3,960Office equipment .................. 87,000 87,000 Accumulated depreciation—Office equipment ........... $ 24,000 (d) 2,000 $ 26,000 Accounts payable ................ 9,100 (e) 14,900 24,000 Interest payable ..................... (f) 2,500 2,500 Salaries payable ................... (g) 15,000 15,000 Unearned consulting fees .20,000 (h) 7,000 13,000 Long-term notes payable .. 54,000 54,000 K. Jenkins, Capital ............... 46,000 46,000 K. Jenkins, Withdrawals .... 10,000 10,000Consulting feesearned .................................... 165,000 (a)(h)4,0007,000 176,000Depreciation expense—Office equipment ................ (d) 2,000 2,000Salaries expense .................. 67,990 (g) 15,000 82,990Interest expense ................... 1,270 (f) 2,500 3,770 Insurance expense .............. (c) 2,080 2,080Rent expense ........................ 14,540 14,540Office supplies expense .... (b) 8,800 8,800 Advertising expense ........... 12,460 _______ (e) 14,900 ______ 27,360 _______ Totals ........................................ $318,100 $318,100 $56,280 $56,280 $356,500 $356,500 Adjustment description(a) Earned but uncollected revenues.(b) Cost of office supplies used.(c) Cost of expired insurance coverage.(d) Depreciation expense on office equipment.(e) Incurred but unpaid advertising expense.(f) Incurred but unpaid interest expense.(g) Incurred but unpaid salaries expense.(h) Earned revenues previously received in advance.。
金融机构流程外包服务岗位
金融机构流程外包服务岗位Outsourcing financial process services in banking and financial institutions has become a common practice in the industry. 金融机构流程外包服务已成为这个行业的常见做法。
Outsourcing allows these institutions to focus on their core functions while gaining access to specialized skills and technology. 外包使这些机构能够专注于他们的核心职能，并获得专业技能和技术。
However, there are certain challenges and considerations that financial institutions need to take into account when outsourcing such critical services. 然而，金融机构在外包这种关键服务时需要考虑一些挑战和注意事项。
One of the key challenges of outsourcing financial process services is the potential risk of data security and confidentiality. 外包金融流程服务的一个关键挑战是数据安全和保密性的潜在风险。
Financial institutions deal with highly sensitive and confidential customer information, and any breach of data security can lead to severe consequences. 金融机构处理高度敏感和机密的客户信息，任何数据安全漏洞都可能造成严重后果。
chapter 7 Business financing 企业融资
企业融资
Business financing
• If we want to set up our own business, what’s the most important thing. you raise money for your business?
Financing Sole Proprietorship
• Disadvantage: • Personal liability All business debts and liabilities are your personal obligations. So insurance is important. • Limited financing option
Small business options for equity financing
• 风险投资的特色在于甘冒高风险以追求最 大的投资报酬，并将退出风险企业所回收 的资金继续投入“高风险、高科技、高成 长潜力”的类似高风险企业，实现自检的 循环增值。
Small business options for equity financing
Forms of Business Organization
• • • • • Sole proprietorships: 独资企业 General partnership: 普通合伙企业 Limited partnership: 有限合伙企业 Corporations: 公司企业 Limited liability companies limited liability partnerships 有限责任企业/有限责任合伙
Financing limited partnership
商务英语01-Unit 12 Financing 词汇表_12
track record dilution trade-off
business expertise tension
underestimate cushion against risk financing alternatives
construction mesh
Words and Phrases in Unit 12
Financing
Words/ Phrases
中文释义
equity
n.股本；股权；所有者权益
collateral
n.抵押品
startup
n. 初创企业
commercial lending institution
商业贷款机构
attorney
n.律师
pay off
偿清(欠款等)
regular prime rate
定期利率
seasonal slump
季节性下滑
leveraged
n.杠杆作用
debt-to-equity ratio
债转股比率
principal
n.本金
paperwork
n.文书工作
credit rating
信贷评级
infusion
n.投入
风险对冲 融资方案 n. 建造, 建设 n. 网状物 授信机构 业务能力
商务舱 资产负债率
credit-issuing institutions business capacity business tanks
debt-to-equity ratios
企业生命周期 种子资金 杠杆收购 过渡性融资 管理层收购
v.清偿, 结算 n.商誉
天行联合证券有限公司
天行聯合證券有限公司UNITED SIMSEN SECURITIES LIMITED旺角彌敦道 636 號永隆銀行中心 19 樓19/F., Wing Lung Bank Centre, 636 Nathan Road, Kowloon, Hong Kong電話 Tel：(852) 2710 9023 傳真 Fax：(852) 2782 1872 網址 Website： C.E. No.：ACV085客 戶 資 料 表 格 (個人 / 聯名戶口 個人 聯名戶口)CLIENT INFORMATION STATEMENT (INDIVIDUAL/ JOINT ACCOUNT)帳戶服務 Account Services：1.港股(現金帳戶) ： 附託管服務 With custody services HK Stock (Cash A/C) 不附託管服務 Without custody services 港股 (保證金帳戶) HK Stock (Margin A//C)1.海外股票 Overseas Stock 期貨 ： Futures：美股 (祗接受保證金帳戶) US Stock (Margin A/C only) 新加坡股票 Singapore Stock 其它 Others2.4.香港期貨 HK Futures 海外期貨 Overseas Futures客戶主任姓名： Name of Account Executive： 客戶主任編號： A E Code： 與客戶主任認識年期： How long known to AE： 介紹人： Introduced By：帳戶號碼： (現金/保證金) Account No：(Cash/Margin) (期貨) (Futures) 帳戶類型： Account Type： 申請開戶日期： Application Date：個人帳戶 Individual A/C 聯名戶口 Joint A/CA. 客戶資料 CLIENT DETAILS 客戶資料個人/聯名帳戶主要持有人資料 Individual/Primary Joint Account Holder 1 客戶姓名 Customer Name 先生 Mr. / 女士 Ms. / 太太 Mrs. / 小姐 Miss 聯名帳戶第二戶口持有人資料 Secondary Joint Account Holder 1 客戶姓名 Customer Name 先生 Mr. / 女士 Ms. / 太太 Mrs. / 小姐 Miss (英文) (English) (中文) (Chinese) 與主要戶口持有人關係 Relationship with Primary Account Holder：直系親屬 Immediate Family Member 親戚 朋友 Relative Friends 請註明 Please specify __________________________ 其他 Other: _____________________________ If different from Primary holder)1客户名稱:(英文) (English)先寫姓氏 Surname first先寫姓氏 Surname first(中文) (Chinese)2 住宅 Residential Address2. 住宅 Residential Address (如與主要戶口持有人不同郵政編號 Postal Code 通訊地址 Correspondence Address(如與上址不同 If different from above)郵政編號 Postal Code 通訊地址 Correspondence Address(如與上址不同 If different from above).郵政編號 Postal Code郵政編號 Postal Code3 電郵地址 Email Address(最多 50 個字母 Max.50 characters) (只須由個人/主要帳戶持有人填寫 For Individual/ Primary Joint Account Holder Only)4 香港身份證號碼/ 護照號碼 HKID Card No/ Passport No4 香港身份證號碼/ 護照號碼 HKID Card No/ Passport No5 簽發地點 Place of Issue 6 住宅電話 Home Phone No 7 流動電話 Mobile Phone No 8 辦公室電話 Office Phone No 9 傳真號碼 Facsimile No 10 國籍/ 公民身份 Nationality/ Citizenship5 簽發地點 Place of Issue 6 住宅電話 Home Phone No 7 流動電話 Mobile Phone No 8 辦公室電話 Office Phone No 9 傳真號碼 Facsimile No 10 國籍/ 公民身份 Nationality/ CitizenshipB. 業務 工作狀況 BUSINESS/ EMPLOYMENT STATUS 業務/工作狀況1 職業/ 業務性質 Occupation/ Business 2 職位 Job Title 3 僱主名稱 Name of Employer 4 受僱年期 Years with Employer 5 辦公室地址 Office Address 1 職業/ 業務性質 Occupation/ Business 2 職位 Job Title 3 僱主名稱 Name of Employer 4 受僱年期 Years with Employer 5 辦公室地址 Office Address2郵政編號 Postal Code郵政編號 Postal CodeC. 銀行資料 BANK INFORMATION銀行帳戶 (只供存款用途) BANKING ACCOUNT (For fund deposit only) 除閣下另行指示外，任何支付予閣下的款項將會存入下列銀行帳戶： Unless otherwise to be instructed by you, all monies payable to you will be credited to the following bank account:銀行 Bank： 帳戶號碼 Account Number：帳戶名稱 Account Name：D. 客戶背境申報 DECLARATION BY CUSTOMER 客戶背境申報 背境1 閣下是否任何受證監會監管的機構的員工、代理或高級人員？(如是，請提供你僱主的書面同意) Are you the employee, agent or officer of an entity regulated by the SFC? (If yes, please provide your employer consent letter) 是 ，有關的交易所參與者或中介人的名稱是： Yes, the name of the related exchange participant or the intermediary is: 否 No2 閣下是否有親屬於天行聯合證券有限公司工作？ Do you have any relatives working in United Simsen Securities Limited? 是 ，該職員/ 代理人的姓名： Yes, Name of employee/ agent: 否 No 3 閣下是否為天行聯合證券有限公司或其所屬集團的「關連客戶」(按香港聯合交易所有限公司上市規則附件六的定義)？ Are you a “connected client” (as defined under Appendix 6 to the Rules Governing the Listing of Securities of the Stock Exchange of Hong Kong Limited) of United Simsen Securities Limited or the group in which it is a member? 是 ，詳細關係： Yes, detail of the relationship: 否 No 4 防止洗黑錢及防止恐怖份子籌資活動 ANTI-MONEY LAUNDERING & ANTI-TERRORIST FINANCING 請選答(i)，(ii) 或 (iii)其中一項及簡簽 Please answer and initial for either part (i), (ii) or (iii). i) 如香港居民) 本地客戶 (如香港居民 For Local Client (i.e. Residents of Hong Kong) 如香港居民 a 閣下是否與政界人士有聯繫？(政界人士：指目前或以往曾 經擔任重要公職的人士，如國家或政府的首長，資深政客， 政府高級官員和重要政黨官員等) Are you linked to politically exposed persons? (Politically exposed person – individual who is or has been entrusted with prominent public function e.g. head of state/government, senior politician, senior executive of government-owned corporation, important political party official, etc) 是 Yes 否 No 關係： Relationship:a 閣下是否與政界人士有聯繫？(政界人士：指目前或以往曾 經擔任重要公職的人士，如國家或政府的首長，資深政客， 政府高級官員和重要政黨官員等) Are you linked to politically exposed persons? (Politically exposed person – individual who is or has been entrusted with prominent public function e.g. head of state/government, senior politician, senior executive of government-owned corporation, important political party official, etc) 是 Yes 否 Nob 閣下的業務性質是否特別容易蒙受較高的洗黑錢風險？(舉例： 如會接觸大量現金往來，找換業或博彩業) Is the nature of your business particularly susceptible to money laundering risk? (For example, money changer or casino business that handles large amount of cash) 是 Yes 否 Nob 閣下的業務性質是否特別容易蒙受較高的洗黑錢風險？(舉例： 如會接觸大量現金往來，找換業或博彩業) Is the nature of your business particularly susceptible to money laundering risk? (For example, money changer or casino business that handles large amount of cash) 是 Yes 否 No3c 閣下的金錢來源是否源於或涉及非法所得？ Does your money might be arising from or related to proceeds of crime? 是 Yes 否 No 客戶簡簽 Initialized by Client: ii)c 閣下的金錢來源是否源於或涉及非法所得？ Does your money might be arising from or related to proceeds of crime? 是 Yes 否 No 客戶簡簽 Initialized by Client:如非本港居民) 海外客戶 (如非本港居民 For Overseas Client (i.e. Non-residents of Hong Kong) 如非本港居民a 閣下居住的國家是否財務行動特別組織的成員？ a (財務行動特別組織成員包括：阿根廷、澳大利亞、奧地利、 比利時、巴西、加拿大、中國、丹麥、芬蘭、法國、德國、 希臘、香港、冰島、愛爾蘭、意大利、日本、盧森堡、墨西哥、、 荷蘭、紐西蘭、挪威、葡萄牙、俄羅斯聯邦、新加坡、南非、 西班牙、瑞典、瑞士、土耳其、英國、美國、 歐洲委員會及海灣合作理事會) Is the country that you located is a member of the Financial Action Task Force (“FATF”)? (Members of FATF include: Argentina, Australia, Austria, Belgium, Brazil, Canada, China, Denmark, Finland, France, Germany, Greece, Hong Kong, Iceland, Ireland, Italy, Japan, Luxembourg, Mexico, Netherlands, New Zealand, Norway, Portugal, Russian Federation, Singapore, South Africa, Spain, Sweden, Switzerland, Turkey, United Kingdom, USA, European Commission, and the Gulf Cooperation Council) 是 Yes 否 No閣下居住的國家是否財務行動特別組織的成員？ (財務行動特別組織成員包括：阿根廷、澳大利亞、奧地利、 比利時、巴西、加拿大、中國、丹麥、芬蘭、法國、德國、 希臘、香港、冰島、愛爾蘭、意大利、日本、盧森堡、墨西哥、 荷蘭、紐西蘭、挪威、葡萄牙、俄羅斯聯邦、新加坡、南非、 西班牙、瑞典、瑞士、土耳其、英國、美國、 歐洲委員會及海灣合作理事會) Is the country that you located is a member of the Financial Action Task Force (“FATF”)? (Members of FATF include: Argentina, Australia, Austria, Belgium, Brazil, Canada, China, Denmark, Finland, France, Germany, Greece, Hong Kong, Iceland, Ireland, Italy, Japan, Luxembourg, Mexico, Netherlands, New Zealand, Norway, Portugal, Russian Federation, Singapore, South Africa, Spain, Sweden, Switzerland, Turkey, United Kingdom, USA, European Commission, and the Gulf Cooperation Council) 是 Yes 否 Nob 閣下居住的國家是否已有現行的法律或條例立以制止洗黑錢的 活動？ Are you located in a country with established laws/ regulations designed to prevent money laundering? 是 Yes 否 Nob 閣下居住的國家是否已有現行的法律或條例立以制止洗黑錢的 活動？ Are you located in a country with established laws/ regulations designed to prevent money laundering? 是 Yes 否 Noc 如上題(b)的答案選擇“是”， 閣下是否受到現行的法律或條例 所管制？ If the answer to (b) is YES, are you subject to such laws/regulations? 是 Yes 否 Noc 如上題(b)的答案選擇“是”， 閣下是否受到現行的法律或條例 所管制？ If the answer to (b) is YES, are you subject to such laws/regulations? 是 Yes 否 Nod 閣下是否就反洗黑錢條例或反恐怖分子籌資活動條例 維持著“無罪紀錄”？如否，請另外提交一份詳細的資料。
financing英语解释
financing英语解释Financing: An Essential Aspect of Business Operations.Financing, often referred to as the lifeblood of any business, encompasses the processes and strategies used to raise funds for various business activities. It is acrucial aspect of corporate finance that involves the identification of capital sources, determination of the most suitable financing mix, and allocation of funds to ensure the smooth functioning of the organization.The need for financing arises due to various reasons, such as starting a new business, expanding existing operations, investing in new projects or technologies, meeting operational expenses, and repaying debts. Effective financing strategies help businesses achieve theirfinancial goals, maintain financial stability, and achieve sustainable growth.Types of Financing.There are several types of financing available to businesses, each with its own advantages and disadvantages. The most common types of financing include:1. Equity Financing: This involves raising funds by selling ownership stakes in the business to investors. Equity financing can be achieved through angel investors, venture capitalists, private equity firms, or through public offerings such as initial public offerings (IPOs). Equity financing does not require repayment of principal or interest, but it dilutes the ownership of the existing shareholders.2. Debt Financing: Debt financing involves borrowing funds from lenders, which need to be repaid with interest over a specified period. Loans can be obtained from banks, financial institutions, or private lenders. Debt financing does not involve diluting ownership but adds to the financial leverage of the business, which can increase risk if not managed properly.3. Internal Financing: This involves using the cash flows generated by the business to finance its operations and growth. Internal financing can be achieved through retained earnings, cash flow from operations, or by selling non-core assets. It is generally the least expensive form of financing but may not be sufficient for large-scale expansion or investment.4. Trade Financing: Trade financing is a form of financing specifically designed for businesses involved in the import and export of goods. It can include letters of credit, bank guarantees, invoice financing, and other forms of short-term financing. Trade financing helps businesses meet their working capital requirements and facilitates global trade.Determining the Right Mix.Choosing the right mix of financing for a business depends on various factors such as the size and stage of the business, the risk tolerance of the owners, the availability of different capital sources, and the cost andterms of each financing option.Small businesses or start-ups may rely heavily on equity financing to attract investors and build their business model. As they grow and generate cash flows, they may switch to internal financing or debt financing to meet their capital requirements.Large corporations may have access to multiple capital sources and may use a combination of equity, debt, and internal financing to finance their operations and growth. They may also use derivatives and hedging instruments to manage their financial risks.The Cost of Capital.The cost of capital is a crucial consideration when evaluating different financing options. It represents the return that investors expect in exchange for providing funds to the business. The cost of capital depends on the riskiness of the investment, the market conditions, and the demand and supply of capital.Equity financing generally has a higher cost of capital as investors expect a higher return to compensate for the risk of owning a stake in the business. Debt financing, on the other hand, has a lower cost of capital as the interest payments are typically fixed and the principal is repaid over time.Financing Strategies and Decision-making.Financing strategies involve making informed decisions about the type and amount of financing to raise, the timing of financing, and the optimal mix of different capital sources. These decisions are influenced by the financial position and growth plans of the business, as well as external factors such as economic conditions, interest rates, and market sentiment.Effective financing strategies help businesses manage their financial risks, optimize their capital structure, and achieve their financial goals. They also enable businesses to take advantage of opportunities and respondto challenges in a timely and efficient manner.In conclusion, financing is a fundamental aspect of business operations that requires careful consideration and planning. By understanding different financing options, evaluating the cost of capital, and implementing effective financing strategies, businesses can raise the funds they need to grow, expand, and achieve their long-term financial objectives.。
深圳企业跨境支付业务流程
深圳企业跨境支付业务流程Cross-border payment refers to the process of making transactions or transferring money between different countries. For Shenzhen enterprises, engaging in cross-border payment business can be complex and challenging due to the differences in currencies, regulations, and banking systems. 跨境支付是指在不同国家之间进行交易或转移资金的过程。
对于深圳企业来说，参与跨境支付业务可能会由于货币、监管和银行体系的差异而变得复杂和具有挑战性。
One of the main challenges Shenzhen enterprises face in cross-border payments is navigating the various regulatory requirements. Different countries have their own rules and restrictions when it comes to international transactions, and it can be difficult for businesses to stay compliant with these regulations. 深圳企业在跨境支付中面临的主要挑战之一是应对各种监管要求。
不同国家对国际交易都有自己的规则和限制，企业很难做到符合这些规定。
Another challenge is managing the currency exchange process. Fluctuations in exchange rates can impact the amount of money received or sent, and businesses need to carefully consider thetiming of their transactions to minimize the effects of these fluctuations. 另一个挑战是管理货币兑换过程。
finops岗位职责
finops岗位职责
FinOps (Financial Operations)财务运营，是财务专业人士监督公司或金融机构的财务活动的工作。
具体来说，FinOps岗位职责包括:
1.准备财务报告、制定投资策略、监督财务交易以及与公司财务部[门互动的公众-起工作。
2.在银行和其他金融机构中，独立的财务经理可以监督不同的部门，如贷款、投资账户、基本支票和储蓄等。
3.确保公司活动的融资，负责任地管理公司资金,并向债权人付款。
总的来说，FinOps 岗位职责主要是监督和管理公司的财务活动，需要制定投资策略、管理资金流动、监督交易活动等。
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First Stage: Initial Mfg.; revenue generation
Second Stage: Shipping , but not profitable Third Stage: Profitable, need expansion
Bridge Financing: Additional growth prior to liquidity event
Financing Your Business
Stages of Venture Capital: Seed: Business plan; market validation; technical feasibility Start-up: Prototype development; non-revenue customers; company infrastructure
Note: If Bus. Plan investment required today is $5M (instead of $10MM), -VC Ownership: 33%
Financing Your Business More on Valuation:
“Pre-money/post money” – Investor agrees to invest $250K, but asks for 25% of the company: • What is the valuation?
1920’s - DuPont Financing of GM 1930’s - Rockefellers Back Entrepreneurs 1946 - American Research & Development (ARD) 1950’s - Shockley transistor/Fairchild; Haloid/Xerox 1960’s - SBIC & Private Partnership Proliferation 1970-75- Industry shakeout 1978+ - “Boom” in Venture Capital --20% capital gains tax rate --SEC Rule 144; S-18 -- ERISA Exemption 1980s – Growth of the “Mega fund” - Bigger Deals, Geographic concentration 1990s – Bigger Funds, Bigger Deals - Record Returns (1999 Vintage, 100%+ IRR) 2000-03 - Serious Slowdown/Troubled Portfolios/Industry shakeout 2004-05 - Some return to “normal”. Continued move “up market” 2006-07 - Returns decline; competition from Hedge Funds 2008-09 – Serious slowdown
Financing Your Business
பைடு நூலகம்
Common Myths:
– “VCs want majority control”
• % ownership is determined by valuation • Other investment terms give control
Financing Your Business
Answer: 25% ($1MM out of $4MM post money)
Financing Your Business Alternative deal structures for Early Stage Equity Deals: 1. Common Stock 2. Preferred Stock - More/less company friendly 3. Convertible debt --All get described in Term Sheet, then finalized in legal documents at Closing.
− Need multiple collateral sources (assets): − A/R – 80%, − Inventory – 20-60%, − Fixed assets – 50% − Cash flow – debt service as small % of earnings/cash − PERSONAL GUARANTEES!
Financing Your Business
Presented by: David Hessler March 28, 2009
Financing Your Business
Outline:
– Why financing? – Financing Sources: • Debt • Equity-Venture & Angel Capital – Terminology – Alternate structures – Recent Trends and Outlook
Financing Your Business
-Term Sheet Discussion
Terms included: Representations & Warranties Positive and negative covenants Securities description
Stages of Financing
Financing Your Business
Sources of Growth Capital
– Personal assets – Friends and family – Grants – Loans – Equity - Venture & Angel Capital
Financing Your Business More on Valuation:
– “Pre-money/post money” – You value your company at $3MM, and you are seeking $1MM investment • What % will the investor(s) own?
Financing Your Business
SOURCES OF GROWTH CAPITAL
Senior, secured debt − Usually commercial banks
− Common misperception:
− – BANKS DON’T FINANCE LOSSES !
Valuation Example: Year Five Revenue: Year Five Net Income: Future Value (15 P/E) BPlan Investment Req’d VC Ownership: 67% (10X)
$100M $ 10M $150M $ 10M
Stage
Mostly later stage 3,416 deals $25.5B $25.6B 51,000 deals Mostly early stage
Early
864 Early Stage 312 Seed
Angel Investment
source: UNH CVR
VC Investment
Answer: $750K (pre-money)
Financing Your Business More on Valuation:
– “Pre-money/post money”
– You value your company at $3MM, and you are seeking $1MM investment • What % will the investor(s) own?
Financing Your Business More on Valuation:
“Pre-money/post money” – Investor agrees to invest $250K, but asks for 25% of the company: • What is the valuation?
Financing Your Business
Stages of Financing
Financing Your Business
Venture Capital Returns (% per yr.):
Fund Type Early/Seed VC Balanced VC Later Stage VC All Venture 1 Yr 23.6 38.0 41.4 32.3 3 Yr 6.8 14.4 10.5 10.4 5 Yr 3.1 9.9 8.4 6.7 10 Yr 34.5 15.1 8.3 17.9 20 Yr 20.8 14.3 13.8 16.4 “Target” 40-100% 30-50% 25%+ 20%+
Investors seek 10x return in 5 years - Very Rare
Financing Your Business
Equity Investment, therefore:
– Liquidity event is required – Requires size and growth – Means the investor behaves like an owner (whose goal is to build/sell the company)
Financing Your Business