财务管理专业英语期末复习

财务管理专业英语期末复习
财务管理专业英语期末重点
一、单词
Topic1
财务管理 financial management
资本预算 capital budgeting
资本结构 capital structure
股利政策 dividend policy
存货 inventory
风险规避 risk aversion
股东权益 stockholder s’ equity
流动负债 current liability
Topic2
财务风险 financial risk
合伙制企业 partnership
私人业主制企业 sole proprietorship
收入 revenue
主计长 controller
财务困境 financial distress
股票期权 stock option
首次公开发行股票(IPO) initial public offering
Topic 3
盈利能力 profitability
偿付能力 solvency
利润表 income statement
有价证券 marketable securities
提款 withdrawal
应收账款 accounts receivable
递延税款 deferred tax
Topic4
流动性比率 liquidity ratio
权益乘数 equity multiplier
资产收益率(ROA) return on assets
毛利 gross profit margin
权益报酬率 return on equity
市盈率 P/E ratio
杠杆比率 leverage ratio
息税前盈余(EBIT) earnings before interest and taxes
Topic5
货币时间价值 time value of money
年金 annuity
折现率 discount rate
机会成本 opportunity cost
递延年金 deferred annuity
条款 covenant
到期收益率 yield to maturity
违约风险 default risk
Topic6
组合 portfolio
可分散风险 diversifiable risk
概率 probability
灵敏度分析 sensitivity analysis
有效市场假说 efficient market hypothesis 套利定价理论(APT) arbitrage pricing theory 资本资产定价模型capital asset pricing model
期望收益 expected return
Topic7
资本支出 capital expenditure
资本预算 capital budget
破产 bankruptcy
制造费用 overhead
模拟 simulation
期后审计 post-audit
Topic10
股票回购 stock repurchase
股票股利 stock dividends
股票分割 stock split
所有权稀释 dilution of ownership
剩余股利政策 residual dividend policy
清算股利 liquidating dividend
现金股利 cash dividends
股票股利 stock dividends
Topic11
营运资本管理 working capital management
商业票据 commercial paper
支出 disbursement
信用期限 credit period
交易动机 transaction motive
短期有价证券 marketable security
回购协议 repurchase agreement
银行承兑汇票 bankers’ acceptance
Topic12
国际财务管理international financial management
国际货币基金组织 International Monetary
Fund
跨国公司multinational corporation /international corporation
汇率 exchange rate
间接标价 indirect quotation
贬值 depreciate
远期交易 forward trade
货币互换 currency swap
二、计算公式
资本资产定价模型公式 capital
R M=
2.wacc公式加权平均资本成本weighted average cost of capital
WACC=(k e*w e)+［k d*(1-t)*W d］
WACC=［equity/(equity+debt)］*cost
of equity*(1-corporate tax rate) Wacc=(股权/总资本)*股权成本+（债务/总资本）*债务成本*（1-企业所得税率）
三、填空
1.The risk of an asset can be considered in two ways (1)on a stand-alone basis. where the asset’s cash flows are analyzed by themselves ,or(2)a portfolio context, where the asset’s cash flows are combine with those of other asset.
2.In a portfolio context ,an asset’s risk can be divided into two components ：
在投资组合中资产风险可以分为（1）diversifiable risk ,which can be diversified away and thus is of little concern to diversified investors , and (2)market risk, which reflect the risk of a general stock market risk decline and cannot be eliminated by diversification.
3 .There are three types of financial market efficiency 金融市场的有效性
(1)allocationally efficient
(2)operationally efficient
(3)informationally efficient
4. Project Classifications 项目分类
Payback period (PP) 回购期 and （5）Discounted payback period (DDP) 折扣回购期
6，The post-audit has two main purpose :期后审计的两个虽最重要目的
（1）Improve forecasts 提高预测
（2）Improve operations 改善经营
7.Financial market serve three important functions in a healthy economy:金融市场在
场和公开市场
9.investment banks provide three major services in handing a new security issue :投资银行在持有新证券发行时提供的三个主要服务：
（1）Advising 咨询
（2）Underwriting 承销
（3）Marketing 营销
10.Equity 股权融资
（1）Owner’s equity所有者权益（2）Venture Capital and private Equity风险投资和私募投资（3）common stock 普通股（4）warrants 认证权证（5）Contingent value right 或有价值权利
11.Debt债务融资
（1）bank debt 银行借款（2）bonds 债券（3）leases 租赁
12.Firms generally consider the following factor when making capital structure decisions:
公司选择资本结构时一般要考虑下列因素
（1）Sale stability 销售稳定性（2）Asset structure 资产结构（3）Operating leverage 经营杠杆
（4）Growth 增长率（5）Profitability 盈利
能力（6）Taxes 税收（7）Control 控制（8）Management attitudes 管理（9） Lender and rating agency attitudes 贷款人及评级机构的态度（10） Market conditions 市场条件（11）
factors 公司因素 (3) Other constraints 其他因素
16. Cash management involves three major decision areas 现金管理的三个决策
（1）Determining appropriate cash balances
确定适当的现金余额
（2）Investing idle cash 投资闲置资金（3）Managing collections and disbursements 管理收款和付款
17. Credit policy 信贷政策5cs
One technique that is useful aid in deciding whether to grant credit is the Five Cs of Credit .Credit analysts generally consider five factors when determining whether to grant credit:
(1)character 特征(2) capacity 能力(3) capital 资本(4) collateral 抵押(5)conditions 条件
18. Inventory management techniques 存货管理技术
Management commonly use four inventory management techniques:管理者通常使用的4个存货管理制度
（1）the abc system abc系统（2）the economic order quantity(EOQ) model 经济定价量模型（3）the just-in-time (JII) system 定时采购系统 (4) the materials requirement
planning (MRP) system 物料需求。