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财务管理专业英语unit 课件

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财务管理专业英语unite+4ppt课件

财务管理专业英语unite+4ppt课件

整理版课件
5
Asset Management Ratios:
Asset Management Ratios measure a company’s ability to
Manage the assets at its disposal.
Accounts receivable turnover ratio 应收账款周转率
4.4 Asset Management Ratios
4.5 Profitability Ratios
4.6 Market Value Ratios
4.7 Uses and Limitations of Financial Ratio Analysis
整理版课件
17
Financial Ratio Analysis
STANDARD&POOR'S 标准普尔 由亨利·瓦纳姆·普尔（Mr Henry Varnum Poor ）于1860年创立。标准普尔为投资者提供信用 评级、独立分析研究、投资咨询等服务，其中 包括反映全球股市表现的标准普尔全球1200指 数和为美国投资组合指数的基准的标准普尔 500指数等一系列指数。
与财务数字不同，财务指标通过对财务报表中会计报表项目之间的 标准化比较来评价企业的经营业绩和财务状况。
Lenders, rating agencies, other investors, regulators, managers
整理版课件
18
Moody‘s 穆迪公司 创始人是约翰·穆迪，他在1909年首 创对铁路债券进行信用评级。它的 股票在纽约证券交易所上市交易（ 代码MCO）。在全球占有40%的 份额。
整理版课件
13
结论
提高上市公司的会计信息质量一方面涉及到公司 内部治理问题，另一方面涉及外部多方的监督和管理。 在美国，这些外部力量包括独立审计师、证券分析人员 、信用评级机构、各证券交易所和证券交易委员会（ SEC）。由于我国资本市场建立时间较短，公司内部治 理法规和外部监督力量都比较薄弱。所以，在提高我国 会计信息质量的道路上，新会计制度的制定是一方面， 同时还要加强公司内部治理和外部力量的监督和管理。

财务管理ppt英文课件Chapter-3.ppt

财务管理ppt英文课件Chapter-3.ppt

100 106 112 118
Copyright 2001 Prentice-Hall, Inc.
12
Fundamentals of Financial Management, 11/e by Van Horne and Wachowicz.
Slides prepared by Wu Xiaolan
Example - Simple Interest
Interest earned at a rate of 6% for five years on a principal balance of $100.
Today
Future Years
1 2345
Interest Earned 6
Value
100 106
Future Values
Example - Simple Interest
Example - Simple Interest
Interest earned at a rate of 6% for five years on a principal balance of $100.
Today
Future Years
1 2345
Interest Earned 6 6 6
Value
5
Fundamentals of Financial Management, 11/e by Van Horne and Wachowicz.
Slides prepared by Wu Xiaolan
Interest Rate Terminology
Simple interest refers to interest earned only on the

财务管理英文Chapter 3PPT课件

财务管理英文Chapter 3PPT课件
amount for both one period and multiple periods. Calculate the present value and future value of multiple
cash flows. Calculate the present value and future value of annuities. Compare nominal interest rates (NIR) and effective
Copyright 2001 Prentice-Hall, Inc.
Compound interest复利 refers to interest earned on
both the initial capital investment and on the interest reinvested from prior period.
“World’s eighth wonder” – the power of compounding.
If you're in your 30s, you've probably started a family ... You're scraping enough together to buy your first home and make the mortgage payments.
Now in your 40s, you may be facing demands on your earnings ... You need a larger home ... The kids are taking dance and piano lessons ... they need braces ... You may have some financial responsibility for rentice-Hall, Inc.

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

《财务管理专业英语》课件

《财务管理专业英语》课件

CHAPTER
01
Introduction
Course Title: PPT courseware for Financial Management Professional English
Course Objective: To provide learners with the knowledge and skills required to communicate effectively in English about financial management concepts and practices
PPT courseware for Financial Management Profession
目录
contents
IntroductionFundamentals of Financial ManagementFinancial English Professional TerminologyFinancial Management Practice CasesFinancial English Reading and WritingEpilogue
Financing
A company raises funds through the issuance of stocks, bonds, or other means to expand its business, research and development, or other investment activities.
Summary: Exploring case studies of corporate fundraising decisions, involving the selection of fundraising methods, optimization of capital structure, and other aspects.

英文财务管理[1]

英文财务管理[1]

PPT文档演模板
英文财务管理[1]
Chapter 1 Goals and Governance of the Firm
Topics Covered： w Investment and Financing Decisions w What is a Corporation? w Who Is The Financial Manager? w Goals of the Corporation w Careers in Finance
fairly typical picture of the role of finance within a corporation.
企业、公司:（firm business enterprise company corporation venture）
PPT文档演模板
英文财务管理[1]
Organization of the Financial Management Function: Figure 1-1
balance sheet).
w What is the best type of financing? w What is the best financing mix? w What is the best dividend policy? w How will the funds be physically acquired?
w The top financial manager within a firm is usually the Chief Financial Officer (CFO)
Treasurer – oversees cash management, credit management, capital expenditures and financial planning ( planning its capital structure, for selling stocks and bonds to raise capital, for overseeing the corporate pension plan, and for managing risk)

财务管理ppt英文课件Chapter-13.ppt

财务管理ppt英文课件Chapter-13.ppt
➢ May reject positive NPV investments
➢ Requires an arbitrary cutoff point
➢ Ignores cash flows beyond the cutoff point
➢ Biased against long-term projects, such as R&D and new products
Advantages
➢ Includes time value of money
➢ Easy to understand ➢ Does not accept negative
estimated NPV investments ➢ Biased towards liquidity
Disadvantages
Compare to a specified required period Decision Rule - Accept the project if it pays
back on a discounted basis within the specified time
Copyright 2001 Prentice-Hall, Inc.
Time value of money and risk ignored. Ad hoc determination of acceptable payback period. Ignores cash flows beyond the cut-off date. Biased against long-term and new projects.
1 2 3
Cash flow
$400 400 400
Year
1 2 3

财务管理专业英语第一章

财务管理专业英语第一章

1.2.1 Investment Decisions 1.2.1投资决策
Long-term investment decisiongs involve determining the type and amount of assets that the firm 长期投资决策 涉及确定公司希望持有的资产的类型和数量。 wants to hold. That is, investing concerns allocating or using funds. The financial manager makes 这就是说，投资包括配置或使用资金。 财务经理
The article translation 文章翻译
one another. Inverstment decisions typically affect financing decisions and vice versa. For example, 投资决策通常影响筹资决策，反之亦然。 例如， a decision to build a new plant or to buy new equipment requires other decisions on how to obtain the 新建厂房或购买新设备的决策要考虑如何获得项目需要的资金 funds needed to finance the project and to manage the asset once acquired. 和购买之后如何管理资产。
The article translation 文章翻译
Is the existing capital structure the right one ? 现有的资本结构是否正确？ How ang where should the firm raise money ? 公司怎样以及从哪里筹集资金？ Should the firm use funds raised through its revenues ? 公司是否应该通过收入筹集资金？ Should the firm raise money from outside the business ? 公司是否应通过业务以外筹集资金？ If the firm seeks external financing, should it bring in other oweners or borrow the money ? 如果公司寻求外部筹资，它应该增加所有者还是借钱？ The financial manager can obtain the needed funds for its investmrnts and operations either 财务经理可以从内部或外部得到其投资和运营所需的资金。 internally or externally.

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).

财务管理专业英语topic .ppt

财务管理专业英语topic .ppt
have a better understanding of the types of business organization、corporate structure of the company、objectives of financial management、separation of ownership and control、agency relationships.
proprietorship（所有权） A sole proprietorship is a business owned by one person. It is the classic example of entrepreneur. 单一业主指一人拥有公司，它是企业家经营的典型模式。
4.partnership 合伙制企业
Maximize the stakeholders’ wealth (相关利益者财富最大化)
Maximize the value of the firm (or the shareholders’ wealth) (企业价值最大化或股东财富最大化)
Mini CMasinei case
In 1990, two of General Motor’s largest institutional shareholders, unhappy with the company’s declining market share and profits during the 1980s, sought to talk to GM’s leaders about a successor to the retiring CEO. GM’s senior managers rebuffed the shareholders. They could do that because the two large stockholders each owned less than 1% of the company’s stock.

财务管理英文版.ppt

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

财务管理学英文课件 (1)

财务管理学英文课件 (1)
10-1
u Credit and Collection Policies
u Analyzing the Credit Applicant
u Inventory Management and Control
10-2
Possible Cash Discount
(1) Average Collection Period
10-10
is considering changing its
credit period from
(which has resulted
in 12 A/R “Turns” per year) to
(which is
expected to result in 6 A/R “Turns” per year).
(20% opp. cost) x $24,000 =
Profits > Required pre-tax return
10-8
Quality of Trade Account
Possible Cash Discount
(1) Average Collection Period
(2) Bad-debt Losses
-- The period of time
during which a cash discount can be taken for
early payment. For example,
allows a
cash discount in the first 10 days from the
invoice date.
($2,000,000 sales) / (12 Turns) = $166,667
10-13

财务管理英文版(PPT 60页)

财务管理英文版(PPT 60页)
13-2
13-3
Proposed Project Data
Julie Miller is evaluating a new project for her firm, Basket Wonders (BW).
She has determined that the after-tax cash flows for the project will be
$40,000 = $10,000(.909) + $12,000(.826) + $15,000(.751) + $10,000(.683) + $ 7,000(.621)
$40,000 = $9,090 + $9,912 + $11,265 + $6,830 + $4,347
= $41,444 [Rate is too low!!]
$1,444 $4,603
X
$1,444
.05 = $4,603
13-15
IRR Solution (Interpolate)
X .05
.10 $41,444 IRR $40,000 .15 $36,841
$1,444 $4,603
X
$1,444
.05 = $4,603
13-16
IRR Solution (Interpolate)
13-13
IRR Solution (Try 15%)
$40,000 = $10,000(PVIF15%,1) + $12,000(PVIF15%,2) + $15,000(PVIF15%,3) + $10,000(PVIF15%,4) + $ 7,000(PVIF15%,5)

财务管理 英文课件

财务管理 英文课件

2a-11
-
Expenses
Decreases in OE representing the consumption or loss of economic benefits in the form of reduction in assets or increases in liabilities
2a-8
500,000 $1,000,000
LIABILITIES AND SHAREHOLDERS’ EQUITY Current liabilities: Accounts payable . . . . Notes payable . . . . . . Accrued expenses . . . . Total current liabilities . . . . . . . . . . . . . . . . . . . . . $ 80,000 100,000 30,000 210,000 90,000 300,000 50,000 100,000 250,000 300,000 700,000
2a-9
Long-term liabilities: Bonds payable, 2010 . . . . . . . . Total liabilities . . . . . . . . . Shareholders’ equity: Preferred shares, $100 par value, 500 shares Ordinary shares, $1 par value, 100,000 shares Capital paid in excess of par (ordinary shares) Retained earnings . . . . . . . . . . Total shareholders’ equity . . . . Total liabilities and shareholders’ equity .
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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.