5《财务管理》考试复习纲要(综合全版).doc

（一章）Chapter 1

考概念题

1、Main areas of finance（财务学）

•Financial management

•Investment

•Financial markets and financial intermediaries

2、Financial management （财务管理）

•An area of finance that applies financial principles within an organization to create and maintain value through decision making and proper resource

management.

•Three major categories of financial management decisions: （3类财务管理）

1.Investment decisions（投资决策）

2.Financing decisions（融资决策）

3.Managerial decisions ( someone think it should be dividend decisions) （股

利决策）

3、Finance and Accounting（财务和会计）

The fundamental difference between finance and accounting is the viewpoint. Accounting: a historical outlook.

Finance: focus on the future.

Picking up from an accounting view, which brings us to the current position, finance concentrates on the implications for the future. Finance asks questions like what do we do now and where do we go from here

4、The Goal of a Business（企业目标）

Profit Maximization（利润最大化）

Shareholder Wealth maximization（股东财富最大化）

（第二章）Chapter Two

考财务管理11个原则的含意Principles of Finance（财务管理原则）

1.The Principle of Self-Interested Behavior（自利原则）：This Principle says that

when all else （另外，其它）is equal（同等的）, all parties to a financial transaction（交易）will choose the course of action most financially advantageous（有利的）to themselves.

2.The Principle of Two-Side Transactions（双方交易原则，共赢原则）：Each

Financial Transaction Has at least（最小、最少）Two sides.

3.The Signaling Principle: Actions Convey Information（信号原则）

4.The Behavioral Principle（引导原则）：The Signaling Principle says that

action s convey information. The Behavioral Principle says “ Let’s try to use such information

5.The Principle of Valuable Ideas（创意有价原则）：Extraordinary （不寻常的）

Returns（统计表、报告）Are Achievable with New Ideas.

6.The Principle of Comparative Advantage（比较优势原则）：Expertise （专家）

can create value.

7.The Principle of Incremental Benefits（净收益原则）：Financial decisions are

based on incremental benefits.

8.The Principle of Risk-Return Trade-Off（风险和收益的权衡）：There is a

trade-off between risk and return.

9.The Principle of Diversification（分散化原则）：Spreading（延伸、展开、传

播）your investments across several alternatives（取舍，两者择一的）instead （顶替、代替）of concentrating them in a single investment. Because it reduces risk.

10.The Principle of Capital Market Efficiency（资本市场有效原则）：Market

prices of financial assets（资产）that are traded regularly in the capital（资金、资本）markets reflect all available information and adjust fully and quickly to “new” information。

11.The Time-Value-of-Money Principle（货币时间价值）：Money has a Time

Value.

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