财务管理专业英语 句子及单词翻译

Financial management is an integrated decision-making process concerned with acquiring, financing, and managing assets to accomplish some overall goal within a business entity.财务管理是为了实现一个公司总体目标而进行的涉及到获取、融资和资产管理的综合决策过程。

Decisions involving a firm’s short-term assets and liabilities refer to working capital management.决断涉及一个公司的短期的资产和负债提到营运资金管理The firm’s long-term financing decisions concern the right-hand side of the balance sheet.该公司的长期融资决断股份资产负债表的右边。

This is an important decision as the legal structure affects the financial risk faced by the owners of the company.这是一个重要的决定作为法律结构影响金融风险面对附近的的业主的公司。

The board includes some members of top management(executive directors), but should also include individuals from outside the company(non-executive directors).董事会包括有些隶属于高层管理人员(执行董事)，但将也包括个体从外公司(非执行董事)。

Maximization of shareholder wealth focuses only on stockholders whereas maximization of firm value encompasses all financial claimholders including common stockholders, debt holders, and preferred stockholders.股东财富最大化只集中于股东，而企业价值最大化包含所有的财务债券持有者，包括普通股股东，债权人和优先股股东。

Given these assumptions，shareholders’ wealth maximization is consistent with the best interests of stakeholders and society in the long run。

根据这些假设，从长期来看，股东财富最大化与利益相关者和社会的最好利润是相一致的。

No competing measure that can provide as comprehensive a measure of a firm’s standi ng. Given these assumptions, shareholders’ wealth maximization is consistent with the best interests of stakeholders and society in the long run.没有竞争措施，能提供由于全面的一个措施的一个公司的站。

给这些臆说，股东'财富最大化一贯不比任何人差项目干系人项目利益相关者的利益，社会从长远说来。

In reality, managers may ignore the interests of shareholders, and choose instead to make investment and financing decisions that benefit themselves.在现实中，经理可能忽视股东的利益，而是选择利于自身的投资和融资决策。

Financial statements are probably the important source of information from which these variousstakeholders(other than management) can assess afirm’s financial health.财务报表可能是最重要的信息来源，除管理者以外的各种利益相关者可以利用这些报表来评估一个公司的财务状况。

The stockholders’ equity section lists preferred stock, common stock and capital surplus and accumulated retained earnings.股东权益列示有优先股，普通股，资本盈余和累积留存收益。

The assets, which are the “things” the company owns, are listed in the order of decreasing liquidity, or length of time it typically takes to convert them to cash at fair market values, beginningwith the firm’s current assets.资产，也就是公司拥有的东西，是按照流动性递减的顺序或将它们转换为公允市场价值所需要的时间来排列的，通常从流动资产开始。

The market value of a firm’s equity is equal to the number of shares of common stock outstanding times the price per share, while the amoun t reported on the firm’s balance sheet is basically the cumulative amount the firm raised when issuing common stock and any reinvested net income(retained earnings).公司权益的市场价值等于其发行在外的普通股份数乘以每股价格，而资产负债表上的总额则主要是公司在发行普通股以及分配任何再投资净收益（留存收益）时累积的数额。

When compared to accelerated methods, straight-line depreciation has lower depreciation expense in the early years of asset life, which tends to a higher tax expense but higher net income.与加速折旧法相比,直线折旧法在资产使用年限的早期折旧费用较低，这也会趋向于较高的税金费用和较高的净收入。

The statement of cash flows consists of threesections:(1)operating cash flows,(2)investing cash flows,and(3)financing cash flows. Activities in each area that bring in cash represent sources of cash while activities that involve spending cash are uses of cash.该声明现金流量表包含三个部分:(1)经营现金流,(2)投资的现金流,(3)融资现金流。

在每个地区活动带来现金来源的现金而代表活动涉及到花钱是使用现金Financing activities include new debt issuances, debt repayments or retirements, stock sales and repurchases, and cash dividend payments.筹资活动,包括发行新债券，偿还债务，股票销售和回购，以及现金股利支付。

Not surprisingly, Enron’s executives had realized some $750 million in salaries, bonuses and profits from stock options in the 12 months before the company went bankrupt.毫不奇怪, 公司破产前的十二个月里，安然的高管们实现了7.5亿美金的工资、奖金和股票期权利润。

First, financial ratios are not standardized. A perusal of the many financial textbooks and other sources that are available will often show differences in how to calculate some ratios.首先,财务比率不规范。

一个参考的许多金融教科书及来源,可将经常表现出差异如何计算一些率。

Liquidity ratios indicate a firm’s ability to pay its obligations in the short run.流动性比率表明公司的支付能力在短期内它的义务。

Excessively high current ratios, however, may indicate a firm may have too much of its long-terminvestor-supplied capital invested in short-term low-earning current assets.当前的比率过高,然而,可能表明,一个公司可能有太多的长期investor-supplied资本投资于短期low-earning流动资产In an inflationary environment, firms that use last-in,first-out(LIFO)inventory valuation will likely have lower current ratios than firms that use first-in,first-out(FIFO).在一个通货膨胀的环境下,企业选择使用后进先出法对存货计价的公司比采用先进先出法的公司有一个低的流动比率。