财务管理专业英语unit 课件

Wisdom
Money begets(or breeds or gets)money. ——Anonymous
Boundless risk must pay for boundless gain. ——William Momis
Mini case
Dell Computer manufactures, sells, and services personal computers. The company markets directly to its customers and builds computers after receiving a customer order. This build-to-order model enables Dell to have much smaller investment in working capital than its competitors. Dell has grown quickly and has been able to finance that growth internally by its efficient use of working capital and its profitabillity.
• Read the mini case and think: 1. What’s the Dell’s Sales philosophy? 2. Find the specialized vocabulary of
financial management?
Dell 销售理念
按照客户要求制造计算机，并向客 户直接发货，使戴尔公司能够最有效和 明确地了解客户需求，继而迅速做出回 应。这个直接的商业模式消除了中间商， 这样就减少了不必要的成本和时间，让 戴尔公司更好地理解客户的需要。
• Should the firm acquire other companies?
• What sorts of property, plant, and equipment should the firm hold?
• Should the firm modernize or sell an old production facility?
Financial management is an integrated decisionmaking process concerned with acquiring, financing, and managing assets to accomplish some overall goal within a business entity. • managerial finance • corporate finance • business finance CEO- chief executive officer CFO- chief financial officer vice president of finance
common stock 普通股 preferred stock 优先股 current asset 流动资产 current liability 流动负债 stockholders’ equity 股东权益 marketable security 流动性证券 tangible fixed assets 有形固定资产 intangible fixed assets 无形固定资产
international protection of patent 专利权的国际保护
What trademark is it? 什么品牌的? 15.creditor 债权人
He come to an arrangement with his creditor. 他与债权人达成解决纠纷协议。
16.mix of debt and equity 负债与股票的组合 cash dividend 现金股利 dividend policy 股利政策 dividend-payout ratio 股利支付比率 risk aversion 风险规避 stock repurchase （stock buyback) 股票回购 stock offering 股票发行 financing mix 融资组合
Long-term investment decisions
( What long-term investments should the firm undertake?)
Long-term financing decisions
(How should the firm raise money to fund these investments?)
2.The investment principle ?
The firm should invest in assets and projects yielding a return greater than the minimum acceptable hurdle rate.
Long-term financing decisions
ficer (CFO)
2. What are the duties and responsibilities of the financial manager ?
3.
The two main functions of the financial manager
concern acquiring and allocating funds among a firm’s
Text study
1.1 Financial Management and Financial Manager
1.2 Financial Management Decision
1.3 Risk–Return Tradeoff
Financial Management and Financial Manager
8. Volatility 不稳定性 Interest rates and financial market volatility would remain
high due to the market uncertainty. 市场前景不明朗，亦会令利率持续高起，金融市场波动。
9.balance sheet 资产负债表 income (profit) statement 利润表 cash flow statement 现金流量表
None of the shareholder attend the AGM. 没有一个股东出席年度股东大会。 12.tradeoff 权衡，折中 risk-return tradeoff 风险-收益权衡 13.inventory 存货 make an inventory of 盘点; 编制...清单 14.patent 专利 trademark 商标
10.capital budgeting 资本预算 capital structure 资本结构 working capital management 营运资本管理 Capital Budgeting and Long-term Financing management 资本预算及远期财务管理
11. stockholder（shareholder)股东
Unit one(A)： Introduction to
Financial Management
Teaching objectives:
After learning this section, the students are required to:
• grasp some of basic theories related to financial management;
• grasp some important words and expressions;
• have a better understanding of the financial management and financial manager;
• understand briefly the financial management decision.
Working Capital Management Decisions
(How should the firm manage its short-term assets and liabilities?)
Long-term investment decisions
• In what lines of business should the firm engage?
• Does the type of financing used make a difference? • Is the existing capital structure the right one? • How and where should the firm raise money? • Should the firm use funds raised through its revenues? • Should the firm raise money from outside the business? • If the firm seeks external financing, should it bring in
• Should the firm introduce a more efficient distribution system than the current one?
1.The notion of the capital budgeting ?
Process of planning and managing a firm’s longterm investments is called budgeting.
1. Who are the people of the financial managers?
2.
The person associated with the financial
management function is usually a top officer of the
firm such as a vice president or the chief financial
words study
1.financial management 财务管理
2.decision-making 决策，决策的
investment decisions; financing decisions; 3.acquisition 收购（purchase) acquire 取得 acquisition and loss of ownership 所有权的取得和丧失 4.publicly traded corporations 上市公司 listed corporation stock is publicly traded but most is held by a few shareholders who have no plans to sell
activities. They also acts as a liaison between others
in the finance department and management personnel
from other departments.
Financial Management Decision
股票公开买卖，但是大部分股票被少数不计划卖出的股东控制。
5.vice president of finance 财务副总裁 chief financial officer(CFO) 首席财务官 chief executive officer(CEO)首席执行官
6.pivotal 关键的
Any deviation from this economy pivotal task endangers our material base. 离开了经济建设这个中心，就有丧失物质基础的危险。 7. allocate(资源、权利）配置 capital allocation 资本配置 allocate shares 分配股份