财务管理【英文】
CashManagement(国际财务管理,英文版)
Bilateral Netting would reduce the number of foreign exchange transactions by half:
$10
$20 $25
$25
$10
$10
$10
18-17
Multilateral Netting
Bilateral Netting would reduce the number of foreign exchange transactions by half:
18-8
$30 $40
Multilateral Netting
Bilateral Netting would reduce the number of foreign exchange transactions by half:
$10 $35
$10
$40 $10
$25 $60
$20 $30
18-9
18-6
Multilateral Netting
Consider a U.S. MNC with three subsidiaries and the following foreign exchange transactions:
$10 $
$20 $30
$40 $10
$25 $60
$20 $30
$30 $40
Multilateral Netting
Bilateral Netting would reduce the number of foreign exchange transactions by half:
$10 $35
$10
$40 $10
$25 $60
财务管理(英文第十三版)ch 3_sheena
= $246,900
Your firm has been told that it needs $74,300 today to fund a $120,000 expense 6 years from now. What rate of interest was used in the computation?
FVn=PV0 (FVIFi,n) (FVIFi,8) = FV8/PV0
= 3,000/1,000
=3
i= 14.68%
How long would it take for an investment of $1,000 to grow to $1,900 if we invested it at a compound annual interest rate of 10 percent?
SI = P0(i)(n)
SI: Simple Interest P0: Deposit today (t=0) i: Interest Rate per Period n:Number of Time Periods
Assume that you deposit $1,000 in an account earning 7% simple interest for 2 years. What is the accumulated interest at the end of the 2nd year?
What is the Present Value (PV) of the previous problem?
The Present Value is simply the $1,000 you originally deposited. That is the value today!
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。
英文财务管理的概念
财务管理的概念：Concerns the acquisition, financing, and management of assets with some overall goal in mind. Investment decisions，Financing decisions，Asset management decisions。
The Goal of the Firm：Maximization of Shareholder Wealth：Value creation occurs when we maximize the share price for current shareholders.公司组织形式：Sole Proprietorships：Advantages：Simplicity，Low setup cost，Quick set up，Single tax filing on individual form。
Disadvantages：Unlimited liability，Hard to raise additional capital，Transfer of ownership difficulties，Partnerships (general and limited) Advantages：Can be simple，Low setup cost, higher than sole proprietorship，Relatively quick setup，Limited liability for limited partners。
Disadvantages：Unlimited liability for the general partner，Difficult to raise additional capital, but easier than sole proprietorship，Transfer of ownership difficultiesCorporations ：Advantages：Limited liability，Easy transfer of ownership，Unlimited life，Easier to raise large quantities of capital。
财务管理(英文第十三版)ch 1_sheena
10
Fundamentals of Financial Management 2020/10/10
11
树立质量法制观念、提高全员质量意 识。20. 10.1020.10.10S aturda y, October 10, 2020
人生得意须尽欢，莫使金樽空对月。03:39:3003:39:3003:3910/10/ 2020 3:39:30 AM
2
It is concerned with the acquisition, financing, and management of assets with some overall goal in mind.
The decision function of financial management
牢记安全之责，善谋安全之策，力务 安全之 实。2020年10月10日 星期六3时39分 30秒Sa turday, October 10, 2020
创新突破稳定品质，落实管理提高效 率。20. 10.102020年10月10日 星期六 3时39分30秒20.10.10
谢谢大家！
The Role of Financial Management
What is Financial Management? The Goal of the Firm Corporate Governance Organization of the Financial
Management
Fundamentals of Financial Management 2020/10/10
作业标准记得牢，驾轻就熟除烦恼。2020年10月10日星期 六3时39分30秒 03:39:3010 October 2020
财务管理(英文第十三版)Ch 4_sheena
Cash Flow: only the face value received
at maturity.
Fundamentals of Financial
22
Management /12th Edition
Zero-Coupon Bond
and face value at maturity
V=
I
(1 + kd)1
I
I + MV
+ (1 + kd)2 + ... + (1 + kd)n
nI
=S t=1
(1 + kd)t
+
MV
(1 + kd)n
V = I (PVIFA kd, n) + MV (PVIF kd, n)
Fundamentals of Financial
Types of Bonds
A non-zero coupon-paying bond is a bond has a finite maturity and the bondholder receive interest payment and face value at maturity
Cash Flow: not only the fixed annual interest payment, but also the face value at maturity.
V = $120 (PVIFA10%, 30) + $1,000 (PVIF10%, 30) = $120 (9.427) + $1,000 (.057)
[Table IV]
[Table II]
= $1131.24 + $57
财务管理(Financial
财务管理(Financial管理学院张剑英一、课程称号：财务管理〔Financial Management〕二、授课对象：会计学财务管理管理信息系统专业本科生三、学时：1.总学时 54学时2.授课学时 46学时3.习题课 6学时4.案例剖析 2学时四、教学目的与要求本门课的教学注重理念性教学，除使先生掌握财务管理的基础知识和基本实际，了解和掌握财务管理的发生、开展进程和作用外，要灵敏掌握实务中财务效果的处置，并掌握资金的时间价值、企业筹资方式、投资方式、最优资本结构确定、营运资金管理以及财务剖析的基本内容及方法，最后经过案例剖析到达实际知识与实践的结合。
用两个专题性的案例使先生对债转股和管理层融资收买有一个片面的了解。
要求：记笔记，撰写案例剖析说明，往常作业两份。
五、内容体系«财务管理»这门课共包括九个局部的内容，主要为：第一章总论 (general view)第二章财务管理的基础概念〔basic concept of financial management〕第三章筹资方式〔financing methods〕第四章资金本钱与资本结构〔capital cost & capital structure〕第五章项目投资 (project investment)第六章证券投资 (securities investment)第七章营运资金的管理(management of working capital)第八章收益分配 (income distributing )第九章财务剖析 (financial analysis)六、教学布置七、参考教材及教材剖析1. 参考教材：〔1〕全国会计专业技术资历考试指导小组办公室编«财务管理»中国财政经济出版社1998年10月出版〔2〕财政部注册会计师考试委员会办公室编«财务本钱管理»西南财经大学出版社出版1999年3月出版〔3〕Eugene F. Brighman & Louis C. Gapenski <Intermediate Financial Management > 1998 .12. 教材剖析：〔1〕«财务管理»一书是全国会计专业技术资历考试指定用书，由全国会计专业技术资历考试指导小组办公室编写，该书的体系和内容契合我国国情，实务性较强，目前在国际财务管理教材中威望性较强。
英文财务管理(1)
英文财务管理(1)
Course content
The final section of book consist of five chapters that deal with financial forecasting, derivatives and risk management, multinational financial management, hybrid financing vehicles, and mergers(财务预测， 衍生工具和风险管理，跨国财务管理，混合融资 工具以及合并)。
企业、公司:（firm business enterprise company corporation venture）
英文财务管理(1)
Organization of the Financial Management Function: Figure 1-1
Board of Directors
President(CEO)
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
- 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、"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、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)。
2
Covers you and your possessions in an apartment, a condo, a rented house, government quarters, the barracks and even on a ship.
Three out of four people do NOT have this coverage, but if you move, keep items in storage or in your car, you NEED it.
Financial Security
1. Protecting Yourself
2. Managing YOUR Money
3. Planning for the Future
Insurance
37
Parts Of An Auto Policy
• • • • • Liability Medical expense Uninsured/underinsured motorists Comprehensive Collision
Renters Property Insurance
• Covers property
– Stolen – Damaged by fire, vandalism, lighting, hail, wind, smoke, explosion, power surge etc.
• Average annual premium: $150–$200 • Named Perils vs. All Risk • Actual Cash Value vs. Replacement Cost
Version A
46A
Renters Property Insurance
A type of homeowners insurance that covers your personal property and your personal liability (including your pets) WORLDWIDE.
38
Price vs. Liability Limits
$860(s) / $688(m) 15/30/10 $1027(s) / $819(m) 100/200/50 Location: San Diego, CA $1099(s)/$875(m) 300/500/100
2010 Honda Accord 6-month premium 23-year-old male with 7 years driving experience Minimum coverage, clean driving record $500/$1000 deductible VA requires: 25/50/20
Version A
43A
Price vs. Type Of Vehicle
Both 23 years old
2010 Chevrolet Corvette 2010 Honda Accord
Male $750 $596
Female $596 $477
6-month premium Jacksonville, Florida
• Dependency and Indemnity Compensation (DIC)
• Survivor Benefit Plan (SBP)
• • • • •
• Spouse receives for life (unless remarries prior to age 57) • Child receives until age 18 (23 if in school) • Tax-Exempt No cost while on active duty 0 Benefit is 55% of Base Amount (75% of High 3 Average) Spouse receives for life (unless remarries prior to age 55) Reduced by Amount of DIC for Spouse Taxable Based on service member’s earned income Spouse receives until youngest child is age 16 Child receives until age 18 (19 if in school) May be taxed or reduced depending on other sources of income
Financial Management
Larry Diddlemeyer Captain, US Navy (Ret)
The USAA Educational Foundation
A Nonprofit Organization
• Does not endorse or promote any commercial supplier, product or service, nor does DOD or the U.S. Coast Guard.
Version A
45A
Price vs. Driving Record
$631
Clean
$861
2 tickets
$1178
2 accidents
$1749
Drunk Driving
Location: Ft. Benning, Georgia 2010 Honda Accord 6-month premium 23-year-old male Minimum coverage $500/$1000 deductible
• Provides income source for your survivoபைடு நூலகம்s • SGLI may be enough: • Spouse coverage: • Children Coverage: $400,000 $100,000 SGLI $10,000 per child
50
Active Duty Survivor Benefits
48
Renters Liability Insurance • Pays others for:
– Damages you cause – Injuries you cause
49
Life Insurance
• Covers your debts
– Funeral expenses – Outstanding bills