财务管理专业英语吐血整理

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财务管理英语知识

第一章财务管理总论Overview of Financial Man agement一、主要专业术语或概念中英文对照财务管理financial management财务管理的目标the goal of financial management关于企业财务目标的三种综合表述：利润最大化profit maximization (maximize profit)每股盈余最大化earnings per share maximization股东财富最大化stockholder (shareholder) wealth maximization利益相关者stakeholder股东stockholder/shareholder债权人creditor/bondholder顾客customer职工employee政府government股东价值的影响因素the factors that affect the stockholder value （2008注会财管教材P4图1-1）经营现金流量operating cash flows资本成本cost of capital销售及其增长/成本费用revenues and its growth/cost and expense资本投资/营运资本capital investment/working capital资本结构/破产风险/税率/股利政策capital structure/bankruptcy risk/tax rate/dividend policy经营活动operating activity投资活动investing activity筹资活动financing activity股东、经营者和债权人利益的冲突与协调Conflicts of interest between shareholders，managers and creditors and their reconciliationAn agency relationship(代理关系) exists whenever a principal (委托人) hires an agent（代理人）to act on their behalf。

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 liabilityTopic2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 offeringTopic 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 taxTopic4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 taxesTopic5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 riskTopic6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 returnTopic7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-auditTopic10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 dividendsTopic11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’ acceptanceTopic12国际财务管理international financial management国际货币基金组织 International MonetaryFund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 capitalR M=2.wacc公式加权平均资本成本weighted average cost of capitalWACC=(k e*w e)+［k d*(1-t)*W d］WACC=［equity/(equity+debt)］*costof 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 efficient4. 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5csOne 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 requirementplanning (MRP) system 物料需求。

财务管理专业英语小结

财务管理专业英语小结第一篇：财务管理专业英语小结A asyaccounting mmetric informationrate of return信息会计收益率不对称accounts payablezhoome税后净经营收益应receivable付账款应After-tax 收账款after-tax operating accountscost of debt B benefit/cost ratio税后债务成本营风险bird-in-the-hand 收益比率theorybusiness risk一鸟在手理经论情况balance sheetsbest-case scenario cost of preferred 资产负债表最好情形stock base case基本优先股成本C cost in net of fixed assets固定资本成本changes 的变化operating workingcapital budgetment净经营性营运资本资本预算current 现金流量表assets 流动资产cash flow statementcertainty equivalentcoefficient 约定当量法of variationcurrent 变异系数ratiocannibalization流动比率 crossover rate 交叉率D discounted cash 内耗flow techniqueclientele effect折现现金客户效应流量法股利政策divdiscounted payback period(股利无关论idend policy)（depreciationirrelevance theory）折线投资回收期折旧debt/assets D/A(D/E资产负债率)debt/equity E economic v （产权比率）alue addeddeclation date（EVA）经济增加值宣告日earnings before interest and taxes息税前利润（EBIT）employee stock ownership planexecutive committee（员工持股计执行委员会划）externalitiesearning per share EpsF financial risk外部性财务风险ex dividend date（每股收益）financial leverage除息日财务杠杆statementfree cash告fixed-assets 财务报表flow自由现金流financial固定资产financial production report财务报anddistribution度Gflotation cost生产与分销发行成本fiscalyear 财政年H hurdle ratedate门槛利率holder of record I IRRinternal 股利登记日rateof return(内含报酬率)investment incremental policy投资政策inventorintangible assets cash 无flow形资增产量independent 现金存货流 projectinformation sy独立项目incomeL long-term capitalmmetry长期投资信息对称statementlbo leverage利润表buyoutM modified internal rate 杠杆收购内含报酬率market value addedof return（MV修正后的A）市场增加值mutually exclusive projectmandatory investment N net present value现金净流量互斥项目强制性投资noncash charges project非现金（付现）费用new expansion project无盈利项目新扩张项目net nonrevenue-producing operating working capitalO 净经营性营运资本leverageopportunity 经营杠杆costoptimal dividend policy机会成本operating 最优股利政策P profitability indexratio收益成本率 payback period获利指数profit/cost 投资回收期Q quick ratio pos-audit事后审计payment date 支付日R revestment rate 速动比率assumption再投资收益率假risk-adjusted discounted rate设relevant cash flow相关现金流量率residual dividend model剩余股利模型风险调整折现replacement invested project更新项目return on return on equity capital ROIC（投资资本收益率）Roestock（权益报酬率）capacity普保留借款能力通股回购repurchasing commonreserve borrowingS sunk cost性分析沉没成本sensitivity analysis敏感strategic business plansignal信号safety margin经营战略计划安全边际sale representativesalvage value 析standard deviation残值销售代理scenarios analystock option期权标准差signaling sis场景分theory对称信号理论symmetric information信息stock splitSurplus（dividenddividend）（modelrepurchase剩余股利模型）股票分割（股利）（回购T terminal target capitalcash structureflow终目标资本结构结现金流times-interest-earned target payout ratioratio已获利息倍数 U unlevered beta bu 目标支付率无杠杆B值W scenarioworking capital营运资产 worst-case capital加权平均成本最坏情形weighted average cost ofY yields tomaturity到期收益率1、interest rates in the economy rise,the cost of、the level of interest rates.If debt increase because firms will have to pay bondholders more to obtain debt capital.tax rate 2relative、to Lowering the capital gain tax rate the rate on ordinary income makes reduces the cost of equity.(2)factors that the stocks move attractive,and that firm can control:1、capital structure policyA firm can change its capital structure and such dividend a change can policyaffect Firm issue its cost of new mon2、stock their can affect retained only after the earning.The they have cost of capital dividend invested all of because police it affects investment the level cost of capital,we policy ofuse asWhen retained the starting we earnings.3estimate point the、the outstanding required rates of return on the rates reflect stock the riskiness and bonds.Those firms of the firms cost existing assets.2、flow purchase of out ,accountants fixed assets as a deduction do not show from the accounting depreciationincome,the life of the expense instead assets.(2)noncash each year ,they throughout deduct a chargesDepreciation when must be added to net flow.(3)changes estimating in net a operating project's income working cash capital(4)interest expenses are in project cash flows.not included the firm's business its business risk.(2)sales price variability:Firms whose products are sold in highly volatile markets are exposed to more business risk.(3)input cost variability:Firms whose exposed input costs are risk.(4)ability to a to high highly uncertain are adjust degree output of prices business for changes the products lower in risk.(5)ability input costs:The greater ability in a timely,cost-effective to develop new manner:The risk.(6)foreign faster operates in a politically unstable area,risk exposure:If ability,the a greater it may firm be leverage:If subject fixed,the firm is exposed to a relatively high a to high political percentage risks.(7)operating of costs are degree of business risk.4、dividend.(2)holder-of-record a statement declaring company lists the stockholders as an owner date:If the a on this date,then the stockholder receive the dividend.(3)ex-dividend which the right to the current dividend no date:The date on longer date:The date on which a firm actually mail accompanies a stock.(4)payment dividend checks.1.Kp=Dp 税后债/ 务成本Pp普=kd(1-T)通股成优先本Ks=D股成1 本/ P0(1-F)+WACC=Wd*Kd(1-T)+g终值F发行费用率KdWpKp+（before-tax WcKs costP0of debtof common equity)）Kp(cost of preferred stock)Ks(cost 2.存货周转率=收入/ 存货收入sales存货income / equity inventeny 权益收益率（ROE）=net 翻译。

财务英文专业术语

财务英文专业术语财务英文专业术语是指在财务管理和会计领域中使用的专业性语言和词汇。

以下是一些常见的财务英文专业术语：1.资产负债表（Balance Sheet）2.利润表（Income Statement）3.现金流量表（Cash Flow Statement）4.所有者权益变动表（Statement of Changes in Equity）5.流动比率（Liquidity Ratio）6.速动比率（Quick Ratio）7.存货周转率（Inventory Turnover Ratio）8.应收账款周转率（Accounts Receivable Turnover Ratio）9.固定资产周转率（Fixed Asset Turnover Ratio）10.总资产周转率（Total Asset Turnover Ratio）11.利息保障倍数（Interest Coverage Ratio）12.负债比率（Debt Ratio）13.权益比率（Equity Ratio）14.资本化比率（Capitalization Ratio）15.折旧（Depreciation）16.摊销（Amortization）17.坏账（Bad Debt）18.可变成本（Variable Costs）19.固定成本（Fixed Costs）20.直接成本（Direct Costs）21.间接成本（Indirect Costs）22.总成本（Total Costs）23.利润（Profit）24.经济增加值（Economic Value Added, EVA）25.现值（Present Value, PV）26.净现值（Net Present Value, NPV）27.内含收益率（Internal Rate of Return, IRR）。

大一财务管理的英语知识点

大一财务管理的英语知识点一、Introduction to Financial ManagementFinancial management is a crucial aspect of business operations, involving the planning, organizing, controlling, and monitoring of financial resources. It plays a vital role in determining the financial health of a company and maximizing its value for shareholders. To excel in the field of financial management, it is essential to have a strong understanding of key concepts and principles in English. In this article, we will explore some important English knowledge points related to financial management for first-year college students.二、Financial StatementsFinancial statements are essential tools used by managers, investors, and creditors to analyze a company's performance and financial position. There are three main types of financial statements: the balance sheet, income statement, and cash flow statement.1. Balance SheetThe balance sheet provides a snapshot of a company's financial position at a specific point in time. It consists of three key components: assets, liabilities, and equity. Assets represent what the company owns,liabilities represent what the company owes, and equity represents the shareholders' ownership in the company.2. Income StatementThe income statement, also known as the profit and loss statement, shows a company's revenues, expenses, and net income (or loss) over a specific period. It helps assess a company's profitability and overall performance.3. Cash Flow StatementThe cash flow statement tracks the inflows and outflows of cash within a company during a given period. It provides information about the company's operating, investing, and financing activities and helps evaluate its liquidity and ability to generate cash.三、Financial RatiosFinancial ratios are useful tools for analyzing a company's financial performance and comparing it to industry standards. Here are some commonly used financial ratios:1. Liquidity RatiosLiquidity ratios measure a company's ability to meet short-term obligations. Examples include the current ratio (current assets divided by current liabilities) and the quick ratio (quick assets divided by current liabilities).2. Solvency RatiosSolvency ratios assess a company's long-term financial stability and its ability to meet long-term obligations. The debt-to-equity ratio (total debt divided by total equity) and the interest coverage ratio (earnings before interest and taxes divided by interest expense) are examples of solvency ratios.3. Profitability RatiosProfitability ratios measure a company's ability to generate profits relative to its assets, equity, or sales. Common examples include return on assets (net income divided by average total assets) and return on equity (net income divided by average total equity).四、Capital BudgetingCapital budgeting refers to the process of evaluating and selecting long-term investment projects. It involves estimating the future cash flows associated with each investment opportunity and determining itsviability. Several methods are used in capital budgeting, including net present value (NPV), internal rate of return (IRR), and payback period analysis.1. Net Present Value (NPV)NPV measures the profitability of an investment by comparing the present value of expected cash inflows to the present value of cash outflows. A positive NPV indicates that the investment is expected to generate a return higher than the cost of capital.2. Internal Rate of Return (IRR)IRR is the discount rate at which the present value of cash inflows equals the present value of cash outflows. It represents the expected rate of return for the investment and is used to rank different investment projects.3. Payback Period AnalysisPayback period analysis calculates the length of time required for an investment to recover its initial cost. It is a simple method that helps assess the risk and liquidity of an investment.五、Risk ManagementRisk management involves identifying, assessing, and mitigating potential risks that may impact a company's financial performance. It is crucial for financial managers to understand different types of risks and implement strategies to manage them effectively.1. Market RiskMarket risk refers to the uncertainty associated with changes in market conditions, such as interest rates, exchange rates, and stock prices. Hedging techniques, diversification, and financial derivatives are commonly used to manage market risk.2. Credit RiskCredit risk arises from the possibility of default by borrowers or counterparties. Credit analysis, credit ratings, and risk diversification are common strategies employed to manage credit risk.3. Operational RiskOperational risk relates to risks arising from internal processes, systems, and human error. Implementing robust internal controls, conducting regular audits, and maintaining proper insurance coverage are essential to manage operational risk.六、ConclusionAs first-year college students studying financial management, it is essential to grasp the fundamental knowledge and concepts in English. This article has provided an overview of key knowledge points in financial management, including financial statements, financial ratios, capital budgeting, and risk management. By developing a solid understanding of these topics, students can lay a strong foundation for their future studies and career in the field of finance.。

财务分析英语词汇表

财务分析英语词汇表一、资产类词汇1、 Assets（资产）：企业拥有或控制的具有经济价值的资源。

2、 Current assets（流动资产）：能够在一年内或一个经营周期内变现或运用的资产，如 Cash（现金）、Accounts receivable（应收账款）、Inventory（存货）等。

3、 Fixed assets（固定资产）：使用期限较长，价值较高，并在使用过程中保持原有实物形态的资产，例如 Plant and equipment（厂房和设备）、Land（土地）。

4、 Intangible assets（无形资产）：没有实物形态，但能为企业带来经济利益的资产，如 Patents（专利）、Trademarks（商标）、Goodwill（商誉）。

二、负债类词汇1、 Liabilities（负债）：企业过去的交易或事项形成的、预期会导致经济利益流出企业的现时义务。

2、 Current liabilities（流动负债）：需要在一年或一个经营周期内偿还的债务，如 Accounts payable（应付账款）、Shortterm loans（短期借款）。

3、Longterm liabilities（长期负债）：偿还期限在一年以上的债务，例如 Bonds payable（应付债券）、Longterm loans（长期借款）。

三、所有者权益类词汇1、 Owner's equity（所有者权益）：企业资产扣除负债后由所有者享有的剩余权益。

2、 Share capital（股本）：公司通过发行股票所筹集的资金。

3、 Retained earnings（留存收益）：企业历年实现的净利润留存于企业的部分。

四、利润表相关词汇1、 Revenue（收入）：企业在日常活动中形成的、会导致所有者权益增加的、与所有者投入资本无关的经济利益的总流入，如 Sales revenue（销售收入）、Service revenue（服务收入）。

财务管理专业英语

财务管理专业英语fｉnancｉaｌmanagement 财务管理decｉｓion-makiｎg 决策,决策得aｃquirｅ获得,取得pubｌiclｙtｒaded corpoｒａtioｎｓ公开上市公司公众vｉce preｓｉdent of finａｎｃe财务副总裁chｉef finａncial officer 首席财务官chief executｉvｅoffｉcer 首席执行官baｌａnｃe sheeｔ资产负债表capital buｄgeｔiｎg 资本预算worｋinｇｃaｐｉtal ｍaｎaｇeｍｅｎt 营运资本管理huｒｄlｅratｅ最低报酬率ｃaｐitａl ｓtrｕcture资本结构ｍiｘof deｂt aｎｄeｑuｉty负债与股票得组合cash diviｄｅnd现金股利stｏckｈolder股东dividend pｏlicy 股利政策dividend-payｏｕt ratiｏ股利支付率sｔock repuｒｃhasｅ股票回购stock offeｒiｎｇ股票发行ｔradeoff 权衡,折中moｎｓtｏck 普通股ｃurrent liａbility 流动负债cuｒrent aｓseｔ流动资产mａrｋetａble ｓｅcｕｒity流动性资产,有价证券inveｎtｏry 存货tａngible fｉxeｄasｓets 有形固定资产in tａngible ｆiｘed aｓｓets 无形固定资产patenｔ专利ｔｒademark商标crｅdiｔor债权人stocｋhｏlｄs’ equｉｔｙ股东权益financing ｍiｘ融资组合ｒisk averｓｉon 风险规避ｖoｌatility 易变性不稳定性ａlloｃａte 配置capital allocatioｎ资本配置buｓineｓs 企业商业业务fｉnａnｃiaｌrｉｓk财务风险soleｐｒｏprietｏｒｓhip 私人业主制企业parｔｎerｓhｉp合伙制企业lｉｍiteｄｐaｒtner有限责任合伙人ｇｅneral partｎer 一般合伙人seｐaｒatｉon of oｗnership ａｎd ｃontrｏl 所有权与经营权分离clａｉm 要求主张要求权mａｎaｇemenｔbｕyout 管理层收购tendｅr oｆfer要约收购financial ｓtandards 财务准则initial publｉc ofｆering首次公开发行股票ｐｒｉvａtｅcorporation 私募公司未上市公司cloｓeｌy hｅｌｄcoｒpｏｒaｔion 控股公司boaｒｄof dirｅｃtoｒs 董事会ｅxecutove director执行董事ｎｏn－eｘeｃutｏve dｉｒeｃtｏｒ非执行董事chａiｒpersｏｎ主席cｏｎtrｏlｌer 主计长treasｕrer 司库reveｎｕe收入proｆit 利润eaｒnings per shaｒe 每股盈余ｒｅｔurn回报markeｔｓhaｒe 市场份额ｓocｉal gooｄ社会福利finａｎcｉal dｉstrｅss 财务困境stakｅhｏｌdｅr theｏry 利益相关者理论valｕe (wealth) maximｉｚatｉon价值(财富)最大化ｃｏmｍｏｎsｔoｃkhoｌdeｒ普通股股东prefｅrｒed stockｈｏlder 优先股股东dｅbt hｏlｄeｒ债权人welｌ—beｉnｇ福利diversitｙ多样化gｏing cｏｎcern 持续得ａgency prｏｂlem 代理问题ｆｒee—riding pｒoblem 搭便车问题informatioｎasymmｅtry 信息不对称reｔaiｌｉｎvｅstｏr散户投资者ｉnｓtitutioｎal iｎvesｔor 机构投资者agenｃyｒeｌaｔioｎｓhip代理关系ｎet pｒｅsｅnt vaｌuｅ净现值crｅaｔiｖｅaccｏunｔing 创造性会计stoｃk opｔion 股票期权ａｇency cosｔ代理成本bondｉｎg cｏst 契约成本ｍonitoring cosｔs 监督成本tａkeover 接管corporaｔe ａnｎｕalｒeｐortｓ公司年报balanｃｅｓｈeｅt 资产负债表ｉnｃome statemｅｎｔ利润表sｔatemeｎt ofｃash flｏｗs 现金流量表ｓｔaｔｅｍenｔoｆretaiｎed earnｉｎgs 留存收益表faiｒmarket vaｌue 公允市场价值markｅtable securiｔieｓ油价证券cｈｅck 支票ｍoney order 拨款但、汇款单wiｔhdrawａl 提款aｃｃounｔs rｅｃeivablｅ应收账款credｉｔsale赊销ｉnｖｅｎtoｒy 存货proｐerty,planｔ,aｎd eｑuipmｅｎt 土地、厂房与设备dｅｐｒeciａtion折旧aｃcｕmulated ｄeｐreciａtiｏｎ累计折旧liabiliｔy 负债cuｒrｅnｔliabｉlity流动负债lｏng—tｅrm liabilｉｔy 长期负债accouｎts ｐａyout 应付账款note payout 应付票据acｃrｕed espeｎse应计费用ｄeferreｄtａx 递延税款pｒｅferred stｏcｋ优先股coｍｍoｎｓｔｏcｋ普通股ｂｏok value 账面价值capital surpluｓ资本盈余accumuｌaｔed retaineｄearnings 累计留存收益ｈyｂrｉd混合金融工具treａsｕry ｓtoｃk 库藏股ｈistｏｒic ｃoｓt 历史成本current market ｖalｕe 现行市场价值ｒｅal ｅstaｔe 房地产outｓｔaｎding 发行在外得ａpｒｏfｉt aｎｄlｏss statemeｎt 损益表neｔｉnｃomｅ净利润oｐｅrating incｏme 经营收益ｅaｒnings pｅr shaｒe每股收益simｐｌe ｃapｉｔal structure 简单资本结构ｄｉluｔｉve冲减每股收益得basiｃearniｎgs pｅr sｈaｒe 基本每股收益coｍplｅx ｃaｐｉtal sｔrｕctures 复杂得每股收益ｄｉｌuted ｅarｎｉｎgｓper share 稀释得每股收益cｏnvertiblｅｓeｃuｒiｔｉｅｓ可转换证券wａrｒant 认股权证acｃｒual acｃoｕｎｔing 应计制会计amｏrtｉzatｉon 摊销acｃelerated meｔｈods加速折旧法stｒaｉgｈt—line depreciａtiｏn 直线折旧法statｅmｅnt ｏfｃhanges iｎsｈareholderｓ’eｑｕitｙ股东权益变动表source of ｃash 现金来源uｓe oｆｃａsh 现金运用ｏｐｅratｉng ｃash flowｓ经营现金流caｓh ｆlｏw from oｐeratiｏns 经营活动现金流ｄirect methｏｄ直接法indｉｒecｔｍｅtｈoｄ间接法ｂotｔom-up approaｃｈ倒推法invesｔｉng caｓh flows 投资现金流ｃash fｌow frｏｍinvｅsting 投资活动现金流joint venｔｕｒｅ合资企业affｉｌｉate 分支机构finａncing caｓh flows 筹资现金流cash flowｓfrom ｆiｎancing 筹资活动现金流timｅvaｌue of monｅy货币时间价值simpｌe interｅsｔ单利deｂｔinsｔrument债务工具anｎuｉｔy 年金futuｒe value 终至presｅｎt valuｅ现值cｏmpoｕnd ｉｎｔereｓt复利pｏundiｎｇ复利计算pｒicipal 本金mortｇagｅ抵押credit caｒｄ信用卡tｅrminaｌvalue终值dｉscountｉｎg 折现计算dｉscouｎtｒaｔe折现率opｐortuniｔｙcost 机会成本reｑｕired raｔｅofｒeturn要求得报酬率cosｔof capｉtaｌ资本成本ordiｎary annｕity普通年金annuｉｔy due 先付年金ｆinaｎcｉａｌｒatio 财务比率dｅｆerreｄａnnuity 递延年金resｔrictiｖeｃｏｖenants 限制性条款ｐｅrpetuity 永续年金bond iｎdｅnｔure 债券契约facｅvalue 面值ｆｉnａnciａl analｙst 财务分析师ｃｏｕpon ｒate 息票利率liqｕidity rａtiｏ流动性比率nominal interest ｒate名义利率ｃｕrrent ratio 流动比率ﻩefｆective inteｒeｓt ｒatｅ有效利率window dresｓiｎg 账面粉饰goｉnｇ—coｎcｅrｎｖaｌｕe持续经营价值markｅｔabｌe ｓeｃurｉtieｓ短期证券ｌiquｉdatioｎｖalｕｅ清算价值quick ｒatio 速动比率ﻩｂook value账面价值ｃash ratio 现金比率ｍａrｋｅr valｕｅ市场价值dｅbt managemeｎt ratiｏs债务管理比率ﻩｉｎｔrｉｎsiｃvaluｅ内在价值ｄebｔｒatio债务比率ｍispricing 给……错定价格debt-to－equｉty ｒａtio 债务与权益比率vaｌuatｉon apprｏaｃh 估价方法eｑuity multiｐlier权益乘disｃｏunted ｃash flow vａｌuatｉon 折现现金流量模型long－ｔerm rａtio 长期比率uｎdｅrvaluation 低估debt—ｔo—total—capitａｌ债务与全部资本比率ﻩoveｒｖａlｕatｉon 高估lｅveraｇｅｒaｔiｏｓ杠杆比率option－priciｎg mｏdel 期权定价模型ｉnteresｔcoverage ratiｏ利息保障比率conｔinｇent ｃlaim valuatioｎ或有要求权估价earnｉｎgs beforｅinterest and tａxes 息税前利润proｍissoｒy noｔe 本票ｃash flow coverage ｒatio 现金流量保障比率contractuａl provisｉoｎ契约条款asset management ｒaｔios 资产管理比率pａr ｖalue票面价值accｏｕnｔs recｅivable tuｒnｏｖer ratiｏ应收账款周转率matuｒity vaｌｕe 到期价值ｉnveｎtory tuｒｎｏver ratio 存货周转率coupon息票利息inｖｅntory procｅｓｓing perｉoｄ存货周转期coｕpon paymeｎt 息票利息支付acｃounts pａｙabｌe tuｒnovｅr rａtio 应付账款周转率ｃｏuｐon inteｒest rate 息票利率casｈcoｎversion cycｌe现金周转期maturity到期日ａssｅt turnover ratiｏ资产周转率ｔeｒm ｔｏmaturiｔｙ到期时间profｉtabｉlity ratio盈利比率ﻩｃall prｏviｓｉon赎回条款groｓs proｆit mａｒgｉn 毛利润ﻩcaｌｌprice 赎回价格ｏｐeｒaｔinｇprofit margiｎ经营利润sinｋingｆuｎd provｉsion 偿债基金条款ｎｅt ｐrofiｔｍaｒｇin 净利润ﻩcｏnveｒｓion rigｈt转换权reｔurn on aｓseｔ资产收益率ﻩput proviｓiｏn 卖出条款rｅturn on total ｅquｉty ratio全部权益报酬率indｅnturｅ债务契约ｒeturn on coｍmon eｑuity 普通权益报酬率coｖｅnant 条款maｒｋet-ｔｏ—book vａlue ratiｏ市场价值与账面价值比率ｔrustee 托管人ｍarｋet valuｅｒaｔiｏｓ市场价值比率ｐrotectｉvｅcovenａnｔ保护性条款dｉｖidenｄyieｌｄ股利收益率nｅgatiｖe ｃｏvenaｎｔ消极条款dividenｄpaｙｏut股利支付率ﻩｐｏｓitive ｃｏvenant积极条款ｆｉnancial sｔatemｅｎｔ财务报表seｃured deｈt担保借款profｉtability 盈利能力ｕnｓecurｅｄｄeht信用借款viaｂility生存能力ﻩcreｄitｗortｈｉneｓs 信誉ｓｏｌvency偿付能力ﻩcｏllａterａl 抵押品ｃｏlｌaterａl trust boｎds 抵押信托契约deｂｅntｕre信用债券boｎd rａｔing 债券评级ｃurｒent yielｄ现行收益yieｌd to matuｒｉty 到期收益率default risk 违约风险intｅrｅst rａte risk 利息率风险aｕthｏrized sｈａres 授权股outsｔanding ｓhａres发行股tｒeａsｕrｙｓhare 库藏股ｒepurｃhase 回购riｇht ｔo pｒoｘy代理权rｉｇhｔｔo vote 投票权ｉndeｐeｎdｅnｔaudiｔｏr 独立审计师ｓtrａigｈt or majority voting 多数投票制ｃumulaｔive ｖotiｎg积累投票制ｌiqｕidation 清算rigｈｔtｏtraｎsｆer owｎeｒsｈip 所有权转移权ｐreｅmpｔiｖe right 优先认股权divｉｄｅndｄiscount modeｌ股利折现模型cａｐｉｔaｌａｓｓeｔpｒicｉngｍoｄｅl资本资产定价模型consｔａnｔgroｗtｈmodｅl 固定增长率模型ｇrowth ｐerpetuity增长年金mortgage bｏnds 抵押债券pｏｒtfolio 组合diverｓifiａble rｉsｋ可分散风险ｍaｒkｅt risｋ市场风险ｅｘｐｅcted rｅturn期望收益voｌaｔilｉｔy 流动性stanｄ-alonｅｒｉsk 个别风险ｒａｎdoｍvariable随机变量。

财务管理专业英语词汇表(很全面)

财务管理专业英语词汇表(很全面)Chapter 1 An Overview of Financial Management business 企业，商业，业务finance 财务，理财management 管理，管理层revenue 收入return 回报shareholder 股东stakeholder 利益相关者stock 股票profit maximization 利润最大化shareholder wealth maximization 股东财富最大化enterprise value maximization 企业价值最大化hedge risks 规避风险inventory 存货current assets 流动资产current liabilities 流动负债financing 筹资corporation 股份公司earning per share（EPS）每股收益exchange rate 汇率inflation 通货膨胀Chapter 3 Risk and Rewardcapital asset pricing model（CAPM）资本资产定价模型diversification 分散化efficient capital market 有效资本市场expected return 期望回报market, systematic, or undiversifiable risk 市场风险、系统风险或不可分散风险portfolio 组合reward 收益，溢酬，溢价risk-aversion 风险厌恶risk-neutrality 风险中性risk preference 风险偏好risk premium 风险溢价security markets line（SML）证券市场线semi-strong capital market efficiency 半强式资本市场有效spread out 分散square root 平方根standard deviation 标准差strong capital market efficiency 强式资本市场有效transaction cost 交易成本unique, firm-specific, idiosyncratic, unsystematic, or diversifiable risk 特殊风险、特有风险、虚假风险、非系统风险或可分散风险variance 方差volatility 波动性weak capital market efficiency 弱式资本市场有效Chapter 4 Financial Assets and Their Valuation asset 资产security 证券issue （股票，钞票）分发，发行coupon rate 票面利率，息面利率annual 每年的，年度的，一年一次的obligate 使（某人）负有责任或义务outstanding 未解决的，未偿付的，杰出的calculate 估计，预测compensation 报酬，工资，补偿物perpetual 永久的，永恒的infinite 无限的，无穷的substitute 替代，取代yield 出产，产，出（果实、利润、结果）approximation 相似，近似trial-and-error 试误法illustrate 说明，阐明entitle 使人有权拥有……liability 负债intrinsic value 内在价值asymmetry 不对称constant 不变的，可靠的phase 阶段，时期preferred stock 优先股Chapter 5 Capital Budgeting and Investment Decision capital budgeting 资本预算estimating net present value 预期净现值the average accounting return 平均会计报酬率stand-alone principle 独立原则the internal rate of return 内部收益率the payback rule 回收期法erosion 侵蚀net working capital 净营运资本opportunity cost 机会成本hard rationing 硬约束soft rationing 软约束sunk cost 沉没成本incremental cash flow 增量现金流量pro forma financial statement 预估财务报表forecasting risk 预测风险scenario analysis 情景分析investment criteria 投资决策标准cash flow 现金流量project cash flow 项目现金流量depreciation 折旧capital spending 资本性支出garbage-in garbage-out system 垃圾进、垃圾出系统best case and worst case 最优情形和最差情形Chapter 6 Working Capital Management working capital 营运资本speculative 投机precautionary 预防的buffer 缓冲器invoice 发票deposit 存款disbursement 支付expenditure 消费trade-off 权衡attorney 代理人applicant 申请人utilization 应用dampen 使沮丧ordering cost 订货成本carrying cost 储存成本raw material 原材料insurance 保险linear 线性的bad-debt 坏账Chapter 7 Financing Mod es debt financing 债务筹资equity financing 权益投资prospectus 招股说明书the general cash offer 普通现金发行the rights offer 配股发行initial public offering(IPO) 首次公开发行underwriting discount 承销折价the subscription price 认购价格collateral 抵押品mortgage securities 抵押债券debenture 信用债券sinking fund 偿债基金call provision 赎回条款call-protected 赎回保护operating leases 经营性租赁financial leases 融资租赁sale and lease-back 售后租回leveraged leases 杠杆租赁warrants 认股权证convertibles 可转换债券call options 看涨期权straight bond value 纯粹债券价值conversion value 转换价值secured loans 抵押贷款committed lines of credit 承诺式信贷额度compensating balances 补偿性余额trust receipt 信托收据Chapter 8 Capital Structure capital structure 资本结构optimal capital structure 最佳资本结构financial leverage 财务杠杆homemade leverage 自制杠杆payoff 回报proceeds 收益financial risk 财务风险interest tax shield 利息税盾direct bankruptcy costs 直接破产成本indirect bankruptcy costs 间接破产成本liquidation 清偿reorganization 重组absolute priority rule 绝对优先原则qualification 限定条件cost of equity 股权成本business risk 经营风险pie model 饼状模型break-even point 收益均衡点indifference point 无差异点Chapter 9 Divid end Distribution dividend irrelevance theory 股利无关理论retained earnings 留存收益capital surplus 资本公积earned surplus 盈余公积legal surplus 法定盈余公积free surplus reserves 任意盈余公积stockholder meeting 股东会declaration date 宣告日holder-of-record date 股权登记日ex-dividend date 除息日stock split 股票分割stock dividend 股票股利stock repurchase 股票回购declaration date 股利宣布日record date 股权登记日regular dividend 正常股利cash dividend 现金股利stock dividend 股票股利stock price appreciation 股价增值open market 公开市场payment date 股利支付日going concern 持续经营。

财务管理英语知识

第三版财务管理专业英语重点

1.Words and phrasesCEO Chief Executive Officer首席执行官; CFO Chief Financial Officer 首席财务官; COO Chief operating officer首席运营官; CFA 特许金融分析师(Chartered Financial Analyst); CICPA 中国注册会计师协会（The Chinese Institute of Certified Public Accountants）; MBA 管理硕士Master of Business Administration;IPO(unseasoned issue)Initial Public Offerings 首次公开募股;SEC 美国证券交易委员会Securities and Exchange Commission;NYSE New York Stock Exchange 纽约证券交易所;GAAP Generally Accepted Accounting Principles 公认会计准则EBIT earnings before interest and taxes 息税前利润;EBT earnings before tax税前收益; EPS Earnings Per Share 每股利润; ROE Rate of Return on Equity权益报酬率; NCF net cash flow 现金净流量; NPV net present value 净现值;IRR Internal Rate of Return 内部收益率FVIFA future value interest factors of annuity年金终值系数;PVIFA present value interest factors of annuity年金现值系数;YTM Yield to Maturity 到期收益率; CAPM capital asset pricing model资本资产定价模型;WACC weighted average cost of capital加权平均资本成本;EOQ Economic Order Quantity 经济订购量;JIT system just in time 实时生产系统2.TranslationOverview of each topic1商业公司每天都在做决策。

财务管理专业英语

财务管理专业英语finan cial man ageme nt 财务管理decisi on-mak ing 决策，决策的acquire 获得，取得publicly traded corporati ons 公开上市公司公众vice preside nt of finance 财务副总裁chief financial officer 首席财务官chief executive officer 首席执行官bala nee sheet 资产负债表capital budget ing 资本预算worki ng capital man ageme nt 营运资本管理hurdle rate 最低报酬率capital structure 资本结构mix of debt and equity 负债与股票的组合cash divide nd 现金股利stockholder 股东divide nd policy 股利政策divide nd-payout ratio 股利支付率busin ess 企业商业业务finan cial risk 财务风险sole proprietorship 私人业主制企业partn ership 合伙制企业limited part ner 有限责任合伙人gen eral part ner —般合伙人separation of ownership and control 所有权与经营权分离stock repurchase 股票回购stock offering 股票发行tradeoff 权衡，折中com mon stock current liability curre ntasset marketablesecurity 价证券inven tory 存货tan gible fixed assets in tangible fixed assetspate nt 专禾Utrademark 商标creditor 债权人stockholds ' equity 股东权益financing mix 融资组合risk aversion 风险规避volatility 易变性不稳定性allocate 配置capital allocatio n 资本配置earnings per share 每股盈余return 回扌报market share 市场份额social good 社会福利financial distress 财务困境stakeholder theory 利益相关者理论value (wealth) maximizati on 价值(财富)最大化claim 要求主张要求权man ageme nt buyout 管理层收购ten der offer 要约收购finan cial sta ndards 财务准贝U initial public offeringprivate corporati on 司closely held corporation 控股公司board of directors 董事会executove director 执行董事non- executove director 非执行董事chairpers on 主席con troller 主计长treasurer 司库revenue 收入profit 利润com mon stockholder 普通股股东preferred stockholder 优先股股东debt holder 债权人well-bei ng 福利diversity 多样化going concern 持续的age ncy problem 代理问题free-rid ing problem 搭便车问题in formati on asymmetry 信息不对称retail in vestor 散户投资者institutional investor 机构投资者age ncy relati on ship 代理关系netprese nt value 净现值creative accounting 仓U造性会计stock optio n 股票期权age ncy cost 代理成本普通股流动负债流动资产流动性资产，有有形固定资产无形固定资产首次公开发行股票私募公司未上市公bonding cost 契约成本mon itori ng costs 监督成本takeover 接管corporate annual reports 公司年报balanee sheet资产负债表in come stateme nt禾U润表stateme nt of cash flows 现金流量表stateme nt of retained earnings 留存收益表fair market value 公允市场价值marketable securities 油价证券check支票money order 拨款但、汇款单withdrawal 提款accounts receivable 应收账款credit sale 赊销inven tory 存货property,plant,and equipment 土地、厂房与设备depreciati on 折旧accumulated depreciatio n 累计折旧liability 负债curre nt liability 流动负债Ion g-term liability 长期负债accounts payout 应付账款note payout 应付票据accrued espense 应计费用deferred tax 递延税款preferred stock 优先股com mon stock 普通股book value 账面价值capital surplus 资本盈余accumulated retained earnings 累计留存收益hybrid 混合金融工具treasury stock 库藏股historic cost 历史成本curre nt market value 现行市场价值real estate 房地产outsta ndi ng发行在外的a profit and loss stateme nt 损益表net in come 净禾U润operat ing in come 经营收益earnings per share 每股收益simple capital structure 简单资本结构dilutive冲减每股收益的basic earnings per share 基本每股收益complex capital structures 复杂的每股收益diluted earnings per share 稀释的每股收益con vertible securities 可转换证券warra nt 认股权证accrual acco un ti ng 应计制会计amortizati on 摊销accelerated methods 力口速折旧法straight-l ine depreciati on 直线折旧法stateme nt of cha nges in shareholders 'quity 股东权益变动表source of cash 现金来源use of cash 现金运用operati ng cash flows 经营现金流cash flow from operati ons 经营活动现金流direct method 直接法in direct method 间接法bottom-up approach 倒推法in vest ing cash flows 投资现金流cash flow from in vesti ng 投资活动现金流joint venture 合资企业affiliate 分支机构financing cash flows 筹资现金流cash flows from financing 筹资活动现金流time value of money 货币时间价值simple in terest 单禾U debt in strume nt 债务工具annu ity 年金future value 终至present value 现值compo und in terest 复禾U compo unding 复利计算pricipal 本金mortgage 抵押credit card 信用卡termi nal value 终值disco un ti ng 折现计算disco unt rate 折现率opport unity cost 机会成本required rate of return 要求的报酬率cost of capital 资本成本ordinary annuity 普通年金finan cial ratio 财务比率restrictive cove nants 限制性条款bond indenture 债券契约finan cial an alyst 财务分析师liquidity ratio 流动性比率curre nt ratio 流动比率window dress ing 账面粉饰marketable securities 短期证券quick ratio 速动比率cash ratio 现金比率annu ity due 先付年金deferred annuity 递延年金perpetuity 永续年金face value 面值coup on rate 息票利率nominal in terest rate 名义利率effective in terest rate 有效利率goin g-c oncern value 持续经营价值liquidatio n value 清算价值book value 账面价值marker value市场价值debt man ageme nt ratios 债务管理比率debt ratio 债务比率debt-to-equity ratio 债务与权益比率in tri nsic value 内在价值mispric ing 给.... 错定价格valuati on approach 估价方法disco un ted cash flow valuati on 折现现金流量模型Ion g-term ratio 长期比率debt-to-total-capital 债务与全部资本比率leverage ratios 杠杆比率in terest coverage ratio 禾利息保障比率earnings before in terest and taxes 息税前利润cash flow coverage ratio 现金流量保障比率asset man ageme nt ratios 资产管理比率acco unts receivable turnover ratio 应收账款周un dervaluati on 低估overvaluati on 高估optio n-pric ing model 期权定价模型con ti ngent claim valuati on 或有要求权估价promissory note 本票con tractual provisi on 契约条款par value 票面价值，率maturity value 到期价值inventory turno ver ratio 存货周转率inventory process ing period 存货周转期acco unts payable turnover ratio 应付账款周转率cash conversion cycle 现金周转期asset turnover ratio 资产周转率profitability ratio 盈利比率gross profit margin 毛禾U润operat ing profit margin经营禾U润net profit margin 净利润return on asset 资产收益率return on total equity ratio 全部权益报酬率return on com mon equity 普通权益报酬率market-to-book value ratio 市场价值与账面价值比率trustee托管人market value ratios 市场价值比率divide nd yield 股利收益率divide nd payout 股利支付率finan cial stateme nt 财务报表profitability 盈利能力viability 生存能力solvency偿付能力collateral trust bon ds 抵押信托契约protective cove nant 保护性条款n egative cove nant 消极条款positive cove nant 积极条款secured deht担保借款unsecuredequity multiplier 权益乘coup on息票利息coup on payme nt 息票利息支付coup on in terest rate 息票禾Umaturity 到期日term to maturity 到期时间call provision 赎回条款call price赎回价格sinking fund provisi on 偿债基金条款conversion right 转换权put provisi on卖出条款indenture 债务契约cove nant 条款deht 信用借款creditworth in ess 信誉collateral 抵押品debenture 信用债券bond rati ng 债券评级curre nt yield 现行收益yield to maturity 到期收益率default risk 违约风险in terest rate risk 利息率风险authorized shares 授权股outsta nding shares 发行股treasury share 库藏股repurchase 回购right to proxy 代理权right to vote 投票权in depe ndent auditor 独立审计师straight or majority voti ng 多数投票制cumulative voting 积累投票制liquidati on 清算right to transfer own ership 所有权转移权preemptive right 优先认股权divide nd discou nt model 股利折现模型capital asset prici ng model 资本资产定价模型con sta nt growth model 固定增长率模型growth perpetuity 增长年金mortgage bonds 抵押债券portfolio 组合diversifiable risk 可分散风险market risk 市场风险expected return 期望收益volatility 流动性stand-alone risk 个别风险random variable 随机变量。

财务管理专业英语

财务管理专业英语体目标而进行的涉及到获取、融资和资产管理的综合决策过程。

Decisions involving a firm’s short-term assets and liabilities refer to working capital management. 决断涉及一个公司的短期的资产和负债提到营运资金管理The firm’s long-term financing decisions concern the right-hand side of the balance sheet. 该公司的长期融资决断股份资产负债表的右边。

This is an important decision as the legal structure affects the financial risk faced by the owners of the company. 这是一个重要的决定作为法律结构影响金融风险面对附近的的业主的公司。

The board includes some members of top management(executiveencompasses all financial claimholders including common stockholders, debt holders, and preferred stockholders. 股东财富最大化只集中于股东，而企业价值最大化包含所有的财务债券持有者，包括普通股股东，债权人和优先股股东。

Given these assumptions，sha reholders’ wealth maximization is consistent with the best interests of stakeholders and society in the long run。

根据这些假设，从长期来看，股东财富最大化与利益相关者和社会的最好利润是相一致的。

(完整版)财务管理专业英语词汇表(很全面)

Chapter 1 An Overview of Financial Management business 企业，商业，业务finance 财务，理财management 管理，管理层revenue 收入return 回报shareholder 股东stakeholder 利益相关者stock 股票profit maximization 利润最大化shareholder wealth maximization 股东财富最大化enterprise value maximization 企业价值最大化hedge risks 规避风险inventory 存货current assets 流动资产current liabilities 流动负债financing 筹资corporation 股份公司earning per share（EPS）每股收益exchange rate 汇率inflation 通货膨胀contractual relations 契约关系equity 所有者权益dividend 股利CFO（Chief Financial Officer）首席财务官，财务总监Chapter 2 The Time Value of Money accrued 增值的，应计的annuity 普通年金annuity factor 年金系数compound interest 复利discounting 贴现future value 终值geometric series 等比数列mortgage 抵押ordinary annuity 普通年金perpetuity 永续年金present value 现值principal 本金reinvest 再投资simple interest 单利time value of money 货币时间价值compounding 复利计算Chapter 3 Risk and Rewardcapital asset pricing model（CAPM）资本资产定价模型diversification 分散化efficient capital market 有效资本市场expected return 期望回报market, systematic, or undiversifiable risk 市场风险、系统风险或不可分散风险portfolio 组合reward 收益，溢酬，溢价risk-aversion 风险厌恶risk-neutrality 风险中性risk preference 风险偏好risk premium 风险溢价security markets line（SML）证券市场线semi-strong capital market efficiency 半强式资本市场有效spread out 分散square root 平方根standard deviation 标准差strong capital market efficiency 强式资本市场有效transaction cost 交易成本unique, firm-specific, idiosyncratic, unsystematic, or diversifiable risk 特殊风险、特有风险、虚假风险、非系统风险或可分散风险variance 方差volatility 波动性weak capital market efficiency 弱式资本市场有效Chapter 4 Financial Assets and Their Valuation asset 资产security 证券issue （股票，钞票）分发，发行coupon rate 票面利率，息面利率annual 每年的，年度的，一年一次的obligate 使（某人）负有责任或义务outstanding 未解决的，未偿付的，杰出的calculate 估计，预测compensation 报酬，工资，补偿物perpetual 永久的，永恒的infinite 无限的，无穷的substitute 替代，取代yield 出产，产，出（果实、利润、结果）approximation 相似，近似trial-and-error 试误法illustrate 说明，阐明entitle 使人有权拥有……liability 负债intrinsic value 内在价值asymmetry 不对称constant 不变的，可靠的phase 阶段，时期preferred stock 优先股Chapter 5 Capital Budgeting and Investment Decision capital budgeting 资本预算estimating net present value 预期净现值the average accounting return 平均会计报酬率stand-alone principle 独立原则the internal rate of return 内部收益率the payback rule 回收期法erosion 侵蚀net working capital 净营运资本opportunity cost 机会成本hard rationing 硬约束soft rationing 软约束sunk cost 沉没成本incremental cash flow 增量现金流量pro forma financial statement 预估财务报表forecasting risk 预测风险scenario analysis 情景分析investment criteria 投资决策标准cash flow 现金流量project cash flow 项目现金流量depreciation 折旧capital spending 资本性支出garbage-in garbage-out system 垃圾进、垃圾出系统best case and worst case 最优情形和最差情形Chapter 6 Working Capital Management working capital 营运资本speculative 投机precautionary 预防的buffer 缓冲器invoice 发票deposit 存款disbursement 支付expenditure 消费trade-off 权衡attorney 代理人applicant 申请人utilization 应用dampen 使沮丧ordering cost 订货成本carrying cost 储存成本raw material 原材料insurance 保险linear 线性的bad-debt 坏账Chapter 7 Financing Modes debt financing 债务筹资equity financing 权益投资prospectus 招股说明书the general cash offer 普通现金发行the rights offer 配股发行initial public offering(IPO) 首次公开发行underwriting discount 承销折价the subscription price 认购价格collateral 抵押品mortgage securities 抵押债券debenture 信用债券sinking fund 偿债基金call provision 赎回条款call-protected 赎回保护operating leases 经营性租赁financial leases 融资租赁sale and lease-back 售后租回leveraged leases 杠杆租赁warrants 认股权证convertibles 可转换债券call options 看涨期权straight bond value 纯粹债券价值conversion value 转换价值secured loans 抵押贷款committed lines of credit 承诺式信贷额度compensating balances 补偿性余额trust receipt 信托收据Chapter 8 Capital Structure capital structure 资本结构optimal capital structure 最佳资本结构financial leverage 财务杠杆homemade leverage 自制杠杆payoff 回报proceeds 收益financial risk 财务风险interest tax shield 利息税盾direct bankruptcy costs 直接破产成本indirect bankruptcy costs 间接破产成本liquidation 清偿reorganization 重组absolute priority rule 绝对优先原则qualification 限定条件cost of equity 股权成本business risk 经营风险pie model 饼状模型break-even point 收益均衡点indifference point 无差异点Chapter 9 Dividend Distribution dividend irrelevance theory 股利无关理论retained earnings 留存收益capital surplus 资本公积earned surplus 盈余公积legal surplus 法定盈余公积free surplus reserves 任意盈余公积stockholder meeting 股东会declaration date 宣告日holder-of-record date 股权登记日ex-dividend date 除息日stock split 股票分割stock dividend 股票股利stock repurchase 股票回购declaration date 股利宣布日record date 股权登记日regular dividend 正常股利cash dividend 现金股利stock dividend 股票股利stock price appreciation 股价增值open market 公开市场payment date 股利支付日going concern 持续经营。

第三版财务管理专业英语重点

1.Words and phrasesCEO Chief Executive Officer首席执行官; CFO Chief Financial Officer 首席财务官; COO Chief operating officer首席运营官; CFA 特许金融分析师(Chartered Financial Analyst);CICPA 中国注册会计师协会（The Chinese Institute of Certified Public Accountants）; MBA 管理硕士Master of Business Administration;IPO(unseasoned issue)Initial Public Offerings 首次公开募股;SEC 美国证券交易委员会Securities and Exchange Commission;NYSE New York Stock Exchange 纽约证券交易所;GAAP Generally Accepted Accounting Principles 公认会计准则EBIT earnings before interest and taxes息税前利润;EBT earnings before tax税前收益; EPS Earnings Per Share 每股利润;ROE Rate of Return on Equity权益报酬率; NCF net cash flow 现金净流量;NPV net present value 净现值;IRR Internal Rate of Return 内部收益率FVIFA future value interest factors of annuity年金终值系数;PVIFA present value interest factors of annuity年金现值系数;YTM Yield to Maturity 到期收益率; CAPM capital asset pricing model资本资产定价模型;WACC weighted average cost of capital加权平均资本成本;EOQ Economic Order Quantity 经济订购量; JIT system just in time 实时生产系统2.TranslationOverview of each topic1商业公司每天都在做决策。

财务管理专业英语

35
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1.2.2 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?
(3)
Liabilities and equity (7)
The following information is also available:
Quick ratio = 1.0 time Working capital to sales ratio =
10% Total assets turnover = 2 times Sales = $2 million Debt ratio = 50%
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1.2.2 Financing Decisions
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?
1) Long-term investment decisions
2) Long-term financing decisions 3) Working Capital Management
Decisions
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1.2.1 Investment Decisions

财务管理专业英语期末复习

财务管理专业英语期末复习Coca-cola standardization office【ZZ5AB-ZZSYT-ZZ2C-ZZ682T-ZZT18】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 liabilityTopic2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 offeringTopic 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 taxTopic4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 riskTopic6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 returnTopic7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沉没成本 sunk cost附加效应 side effectTopic8金融市场 financial market回购 repurchase操纵 manipulate承销 underwriting私人控股公司 privately held corporation公开上市 go public公开发行 public offer加权平均资本成本 weighted average cost of capital Topic9混合证券 hybrid security风险资本 venture capital期权交易 option exchange贷款额度 line of credit租赁 lease最优资本结构 optimal capital structure目标资本结构 desired or target capital structure 可转换债券 convertible bondTopic10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 dividendsTopic11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’ acceptanceTopic12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、计算公式公式资本资产定价模型公式 capital assets pricing modelr i=r RF+(R M- r RF)?i r RF= risk free rate资产无风市场风险系数R M= market rate预期险市回报回报场利率率率公式加权平均资本成本 weighted average cost of capitalWACC=(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risk of an asset can be considered in two ways (1)on a stand-alone basis. where the asset’s cash flows are analyzed bythemselves ,or(2)a portfolio context, where the asset’s cash flows are combine with those of other asset.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 diversifiedinvestors , 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 efficient4. Project Classifications 项目分类（1）expansion project 扩建项目（2）replacement project 更新项目（3）Independent project 独立项目（4）Mutually exclusive project 互不相容项目Rules 投资政策Managers use a variety of rules to evaluate and select capital investments; 管理使用各种各样的规则来评估和选择投资（1）Net Present value (NPV) 净现值（2）Profitability index(PI) 现值系数（3）Internal rate of return (IRR) 内部报酬率（4）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market serve three important functions in a healthy economy:金融市场在健全经济体系中的三个重要功能（1）Help channel funds from suppliers to demanders 帮助供应商和需求者建立资金渠道（2）Provide a resale market .提供零售市场（3）Set market price and rates of return 设置市场价格和收益率of Financial Markets 金融市场的类型（1）Money Market /Capital Market 货币市场和资本市场（2）Primary Market /Secondary market一级市场和二级市场(3)Private Market / Public Market 私下市场和公开市场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 或有价值权利债务融资（1）bank debt 银行借款（2）bonds 债券（3）leases 租赁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） The firm’s internal condition 企业内部条件（12）Financial flexibility 财务灵活性payout procedure 派息程序（1）Declaration date 除息日（2）Ex-dividend date 除息日（3）record date 股权登记日（4）Payment date 股利支付日14. Types of dividends 股利种类（1）Cash dividend 现金股利（2） Stock dividend 股票股利（3）Property dividend 财产股利15. Factors Influencing the dividend decision 影响股利决策因素(1)Shareholder factors 股东因素 (2) Firm 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5csOne 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。

财务管理专业英语小结

A accounting rate of return会计收益率asy mmetric information信息不对称accounts receivable应收账款accounts payable应付账款After-tax operating zhoome税后净经营收益after-tax cost of debt 税后债务成本B benefit/cost ratio收益比率business risk经营风险bird-in-the-hand theory一鸟在手理论balance sheets资产负债表base case基本情况cost of preferred stock 优先股成本best-case scenario最好情形C cost of fixed assets固定资本成本changes in net operating working净经营性营运资本的变化capital budgetment资本预算current assets 流动资产cash flow statement 现金流量表coefficient of variation变异系数certainty equivalent约定当量法current ratio流动比率crossover rate 交叉率cannibalization内耗clientele effect客户效应D discounted cash flow technique折现现金流量法div idend policy（irrelev ance theory）股利政策(股利无关论) depreciation折旧discounted payback period折线投资回收期debt/assets D/A (资产负债率) debt/equityD/E（产权比率）declation date宣告日E economic v alue added（EV A）经济增加值earnings before interest and taxes（EBIT）息税前利润executive committee执行委员会employee stock ownership plan（员工持股计划）earning per share Eps （每股收益）externalities外部性ex dividend date除息日F financial risk财务风险financial leverage 财务杠杆free cash flow自由现金流financial statement财务报表financial report财务报告fixed-assets 固定资产production and distribution生产与分销 fiscal year财政年度 flotation cost发行成本GH hurdle rate门槛利率holder of record date股利登记日I IRRinternal rate of return(内含报酬率) investment policy投资政策inventor存货incremental cash flow增量现金流intangible assets 无形资产independent project独立项目income statement利润表information sy mmetry信息对称L long-term capital长期投资lbo leverage buyout杠杆收购M modified internal rate of return修正后的内含报酬率market value added（MV A）市场增加值mandatory investment强制性投资mutually exclusive project互斥项目N net present value现金净流量noncash charges 非现金（付现）费用new expansion project新扩张项目nonrevenue-producing project无盈利项目net operating working capital净经营性营运资本O opportunity cost机会成本operating leverage经营杠杆optimal dividend policy最优股利政策P profitability index获利指数profit/cost ratio收益成本率payback period投资回收期pos-audit事后审计payment date 支付日Q quick ratio速动比率R revestment rate assumption再投资收益率假设relev ant cash flow相关现金流量risk-adjusted discounted rate风险调整折现率residual dividend model剩余股利模型replacement project更新项目return on invested capital ROIC（投资资本收益率）return on equityRoe（权益报酬率）repurchasing common stock普通股回购reserve borrowing capacity保留借款能力S sunk cost沉没成本sensitiv ity analy sis敏感性分析signal信号safety margin安全边际strategic business plan经营战略计划sale representative销售代理stock option期权salvage value 残值scenarios analy sis场景分析standard deviation标准差signaling theory信号理论sy mmetric information信息对称Surplus dividend model剩余股利模型stock split（dividend）（repurchase）股票分割（股利）（回购T target capital structure目标资本结构terminal cash flow终结现金流times-interest-earned ratio已获利息倍数target payout ratio目标支付率U unlevered beta bu无杠杆B值W working capital营运资产worst-case scenario最坏情形weighted average cost of capital加权平均成本Y yields to maturity到期收益率1、factors that affect the composite cost of capital:(1)factors that the firm cannot control:1、the level of interest rates. If interest rates in the economy rise,the cost of debt increase because firms will have to pay bondholders more to obtain debt capital.2、tax rate Lowering the capital gain tax rate relative to the rate on ordinary income makes stocks move attractive,and that reduces the cost of equity.(2)factors that the firm can control:1、capital structure policy A firm can change its capital structure and such a change can affect its cost of capital.2、dividend policy Firm issue new common stock only after they have invested all of their retained earning .The dividend police can affect the cost of capital because it affects the level of retained earnings.3、investment policy When we estimate the cost of capital,we use as the starting point the required rates of return on the firms outstanding stock and bonds.Those cost rates reflect the riskiness of the firms existing assets.2、The different between the cash flow and accounting net income:(1)cost of fixed assets The acquisition of assets results in a cash flow out ,accountants do not show the purchase of fixed assets as a deduction from accounting income,instead ,they deduct a depreciation expense each year throughout the life of the assets.(2)noncash charges Depreciation must be added to net income when estimating a project's cash flow.(3)changes in net operating working capital(4)interest expenses are not included in project cash flows.3、Factors that affect the firm's business risk:(1)demand variability:The more stable the demand for a firm's products,the lower its business risk.(2)sales price variability:Firms whose products are sold in highly volatile markets are exposed to more business risk.(3)input cost variability:Firms whose input costs are highly uncertain are exposed to a high degree of business risk.(4)ability to adjust output prices for changes in input costs:The greater ability the lower risk.(5)ability to develop new products in a timely,cost-effective manner:The faster ability,the greater risk.(6)foreign risk exposure:If a firm operates in a politically unstable area,it may be subject to political risks.(7)operating leverage:If a high percentage of costs are fixed,the firm is exposed to a relatively high degree of business risk.4、Payment procedures:(1)declaration date:The date on which a firm's directors issue a statement declaring a dividend.(2)holder-of-record date:If the company lists the stockholders as an owner on this date,then the stockholder receive the dividend.(3)ex-dividend date:The date on which the right to the current dividend no longer accompanies a stock.(4)pay ment date:The date on which a firm actually mail dividend checks.1.税后债务成本=kd(1-T) 优先股成本Kp=Dp / Pp 普通股成本Ks=D1 / P0(1-F)+gWACC=Wd*Kd(1-T)+WpKp+WcKs P0终值F发行费用率Kd（before-tax cost of debt）Kp(cost of preferred stock) Ks(cost of common equity)2.存货周转率=收入 / 存货收入sales 存货inventeny 权益收益率（ROE）=net income / equity 即净收益 / 所有者权益翻译。