当前位置：文档之家 › 财务管理英文PPT课件

财务管理英文PPT课件

  • 格式：ppt
  • 大小：3.54 MB
  • 文档页数：372

下载文档原格式

  / 116

合集下载

财务管理 英文版ppt

财务管理 英文版ppt
– Unlimited liability to the owner – Profits and losses are taxed as though they belong to the individual owner
1-14
Partnership
• Similar to sole proprietorship except there are two or more owners
– B2C model:
• Products are bought with credit cards • Credit card checks are performed • Selling firms get the cash flow faster
– B2B model can help companies
• At the turn of the century: Emerged as a field separate from economics • By 1930s: Financial practices revolved around such topics as:
– Preservation of capital – Maintenance of liquidity – Reorganization of financially troubled corporations – Bankruptcy process
• Lower the cost of managing inventory, accounts receivable, and cash
1-9
Financial Management
Financial management or business finance is concerned with managing an entity’s money Functions:

CH10TheCostofCapital财务管理英文版.ppt

CH10TheCostofCapital财务管理英文版.ppt

ks = kd + RP
= 10.0% + 4.0% = 14.0%
This RP CAPM RP.
Produces ballpark estimate of ks. Useful check.
Copyright © 2001 by Harcourt, Inc.
All rights reserved.
Example:
10 - 12
kp = 9% kd = 10% T = 40%
kp, AT = kp – kp (1 – 0.7)(T) = 9% – 9%(0.3)(0.4) =
7.92%.
Copyright © 2001 by Harcourt, Inc.
All rights reserved.
10 - 16
What’s the cost of common equity based on the CAPM?
kRF = 7%, RPM = 6%, b = 1.2.
ks = kRF + (kM – kRF )b.
Copyright © 2001 by Harcourt, Inc.
All rights reserved.
10 - 20
Could DCF methodology be applied if g is not constant?
YES, nonconstant g stocks are expected to have constant g at some point, generally in 5 to 10 years.
Copyright © 2001 by Harcourt, Inc.
All rights reserved.

财务管理英文课件

财务管理英文课件

Early 20th century:
Concentrated on reporting to outsiders.
Early 21st century:
Insiders managing and controlling
the firm’s financial operations.
Copyright © 2003 Pearson Education Australia Pty Limited
• Interest in these topics grew and in turn spurred interest in security analysis, portfolio theory and caopyright © 2003 Pearson Education Australia Pty Limited
Slide: 1 - 7
Chief accountant is also called financial controller, whose responsibilities include financial reporting to outsiders as well as cost and managerial accounting and financial analysis on behalf of the firm’s managers.
Copyright © 2003 Pearson Education Australia Pty Limited
Slide: 1 - 5
• Capital budgeting became a major topic in finance.
• This led to an increased interest in related topics, most notably firm valuation.

财务管理ppt英文课件cha(11)

财务管理ppt英文课件cha(11)
• 夏新平，公司财务管理，武汉：华中理工大学出版社， 1995年。
• 王化成，企业财务学，北京：中国人民大学出版社， 1994年。
a
4
Evaluation
• Performance in Classes • Assignments • Final Examination
10 % 20 % 70 % 100 %
Value creation occurs when we maximize the share price for current shareholders.
a
12
Possible Goals
• The objective of decision making in corporate finance (publicly-traded firm) is (a) to maximize earnings 利润最大化 (b) to maximize cash flows (c) to maximize the size of the firm (d) to maximize market share （市场占有率） (e) to maximize firm value (f) to maximize stock（股票） prices.
• Thus, share price serves as a barometer显示变化的事物 for business performance企业绩效.
a
17
Social Responsibility
• Wealth maximization does not preclude 妨碍the firm from being socially responsible.
– How can cash be raised for the required THE FINANCING DECISION

财务管理专业英语PPT课件

财务管理专业英语PPT课件

2020/2/21
山东轻工业学院商学院
9
1）Account、Accounting & Accountant
Accountant：会计师、会计人员 Certified Public Accountant 注册会计师（CPA）
2020/2/21
山东轻工业学院商学院
10
2）Assets、Liabilities & Owner’s Equity
2020/2/21
山东轻工业学院商学院
16
Cash
$50,000 Current liabilities (4)
Accounts receivable 50,000 Long-term debt
(5)
Inventory
(1)
Shareholders’ equity (6)
Plant and equipment
10% Total assets turnover = 2 times Sales = $2 million Debt ratio = 50%
9. Capital Structure 资本结构
10. Dividend Policy 股利政策
11. Working Capital Management 营运资本管理
2020/2/21
山东轻工业学院商学院
5
一、Contents—内容
12. International Financial Management 国际财务管理
会计科目；账户
2020/2/21
山东轻工业学院商学院
8
1）Account、Accounting & Accountant
Accounting：会计、会计学 Financial Accounting and Managerial Accounting are two major specialized fields in Accounting. 财务会计和管理会计是会 计的两个主要的专门领域。 Accounting elements 会计要素

财务管理英文课件Operating-and-Financial-Leverage.ppt

财务管理英文课件Operating-and-Financial-Leverage.ppt
16-4
Impact of Operating Leverage on Profits
(in thousands) Firm F Firm V Firm 2F
Sales
$15
Operating Costs
$16.5 $29.25
Fixed
7
Variable
3
Operating Profit $ 5
Break-Even (Quantity) Point
Break-Even Point -- The sales volume required so that total revenues and total costs are equal; may be in units or in sales dollars.
volume.
When studying operating leverage, profits refers to operating profits before taxes (i.e., EBIT) and excludes
debt interest and dividend payments.
16-1
Operating Leverage
Operating Leverage -- The use of fixed operating costs by the firm.
One potential effect caused by the presence of operating leverage is that a change in the volume of sales results in a more than proportional change in operating profit (or loss).

财务管理ppt英文课件Cha(2)


5
Interest Earned
6
Value
100 106
a
12
Future Values
Example - Simple Interest
Interest earned at a rate of 6% for five years on a principal balance of $100.
a
10
Future Values
Example - Simple Interest
Interest earned at a rate of 6% for five years on a principal balance of $100.
Today
Future Years
1
2
3
4
5
Interest Earned
Interest Earned
6.00
Value
100 106.00
a
21
Future Values
Example - Compound Interest
Interest earned at a rate of 6% for five years on the previous year’s balance.
a
7
Interest Rate Terminology
• Simple interest refers to interest earned only on the original capital investment amount.
• Compound interest复利 refers to interest earned on both the initial capital investment and on the interest reinvested from prior period.

财务管理ppt英文课件Cha(4)


a
12
Limited Liability Company
• Advantages
– Limited liability
– Eliminates消除 double
taxation
– No restriction限制 on
number or type of owners
– Easier to raise additional capital
. partners have unlimited liability
a
7
Partnership
• Advantages
– Two or more owners – More capital available – Relatively easy to start – Low setup cost, higher than
75,000 100,000 34% 13,750 + .34x(Inc > 75,000)
100,000 335,000 39% 22,250 + .39x(Inc > 100,000)
335,000 10,000,000 34% 113,900 + .34x(Inc > 335,000)
10,000,000 15,000,000 35% 3,400,000 + .35x(Inc > 10,000,000)
a
14
Calculating Taxable Income
Income Statement
Sales
Costs
Depreciation折旧
100
EBIT息税前利润
500
Interest利息

《财务管理基础》英文ppt课件

Limited Partnership -- limited partners have liability limited to their capital contribution (investors only). At least one general partner is required and all general partners have unlimited liability.
2. Understand how to calculate a corporation's taxable income and how to determine the corporate tax rate - both average and marginal.
3. Understand various methods of depreciation. 4. Understand why acquiring assets through the use of debt
individual form
Disadvantages
• Unlimited liability • Hard to raise
additional capital • Transfer of
ownership difficulties
2-6
The Business Environment
Partnership -- A business form in which two or more individuals act as owners.
• Easy transfer of
• More diffiablish
• Unlimited life
• More expensive to

财务管理英文版.ppt


210
Total Equity $1,139
Total Liab/Equitya,b $2,169
a. Note, Assets = Liabilities + Equity.
b. What BW owed and ownership position.
c. Owed to suppliers for goods and services.
d. Unpaid wages, salaries, etc.
e. Debts payable < 1 year. f. Debts payable > 1 year. g. Original investment. h. Earnings reinvested.
Basket Wonders’ Income Statement
Financial Statement Analysis
Financial Statements A Possible Framework for Analysis Balance Sheet Ratios Income Statement and Income
Statement/Balance Sheet Ratios Trend Analysis Common-Size and Index Analysis
Ⅰ.Primary Types of Financial Statements
Balance Sheet
A summary of a firm’s financial position on a given date that shows total assets = total liabilities + owners’ equity. Income Statement
  1. 1、下载文档前请自行甄别文档内容的完整性，平台不提供额外的编辑、内容补充、找答案等附加服务。
  2. 2、"仅部分预览"的文档,不可在线预览部分如存在完整性等问题,可反馈申请退款(可完整预览的文档不适用该条件!)。
  3. 3、如文档侵犯您的权益，请联系客服反馈,我们会尽快为您处理(人工客服工作时间：9:00-18:30)。

Copyright © 2003 Pearson Education Australia Pty Limited
Slide: 1 - 5
After World War Ⅱ the emphasis of corporate finance switched from financial accounting and external reporting to cost accounting and reporting and financial analysis on behalf of the firm’s managers.
Early 21st century:
Insiders managing and controlling
the firm’s financial operations.
Copyright © 2003 Pearson Education Australia Pty Limited
Slide: 1 - 3
Slide: 1 - 7
Typical Finance Structure
Chief Financial Officer
Chief Accountant
Corporate Treasurer
Copyright © 2003 Pearson Education Australia Pty Limited
Slide: 1 - 9
Financial Goal of the Firm
Profit maximisation?
That is, the perspective of finance changed from reporting only to outsiders to that of an insider charged with the management and control of the firm’s financial operations.
The company’s secretary was in charge of raising funds and producing the annual reports, as well as the accounting function.
Copyright © 2003 Pearson Education Australia Pty Limited
Slide: 1 - 4
Business failures during the Great Depression of the 1930s helped change the focus of finance.
Increased emphasis was placed on bankruptcy, liquidity management and avoidance of financial problems.
• Interest in these topics grew and in turn spurred interest in security analysis, portfolio theory and capital structure theory.
Copyright © 2003 Pearson Education Australia Pty Limited
三 请在这里输入您的主要叙述内容
Copyright © 2003 Pearson Education Australia Pty Limited
Slide: 1 - 2
Development of Financial Management
Early 20th century:
Concentrated on reporting to outsiders.
At the turn of the twentieth century financial topics focused on the formation of new companies and their legal regulation and the process of raising funds in the capital markets.
Slide: 1 - 8
Chief accountant is also called financial controller, whose responsibilities include financial reporting to outsiders as well as cost and managerial accounting and financial analysis on behalf of the firm’s managers.
Corporate treasurer is in charge of raising funds, managing liquidity and banking relationships and controlling risks.
Copyright © 2003 Pearson Education Australia Pty Limited
chapter 1 & 3 Scope and environment of
financial management
Copyright © 2003 Pearson Education Australia Pty Limited
Slide: 1 - 1
整体 概述
一 请在这里输入叙述内容
Copyright © 2003 Pearson Education Australia Pty Limited
Slide: 1 - 6
• Capital budgeting became a major topic in finance.
• This led to an increased interest in related topics, most notably firm valuation.