财务管理英文课件1
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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:
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:
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unit 课件
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。
财务管理专业英语unit1课件讲诉
Financial Management Decision
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?)
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.
英文财务管理[1]
![英文财务管理[1]](https://img.taocdn.com/s3/m/2f8ca46ebb68a98271fefad0.png)
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)
财务管理英文课件 (1)
Copyright © 2001 by Harcourt, Inc.
All rights reserved.
1-1
Career Opportunities in Finance
nMoney and capital markets n Investments nFinancial management
nIn the long run, such actions will raise the cost of debt and ultimately lower stock price.
Copyright © 2001 by Harcourt, Inc.
All rights reserved.
1 - 13
10 Well-Known Corporations, 1998
Percentage of
Revenue Originated
Company
Overseas
3M
51.7
Chase Manhattan 27.8
Coca-Cola
62.3Biblioteka Exxon80.1
General Electric 23.9
General Motors 30.8
markets nManaging risk
Copyright © 2001 by Harcourt, Inc.
All rights reserved.
1-5
Alternative Forms of Business Organization
nSole proprietorship n Partnership n Corporation
1-0
CHAPTER 1
An Overview of Financial Management
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).
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
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
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
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3.
4. 5. 6. 7.
II. What is Business finance? 1. Career Opportunities in Finance
• Money and capital markets • Investments • Business Finance or Financial management
3. Responsibility of the Financial Staff
• Maximize stock value by:
– Forecasting and planning – Investment and financing decisions – Coordination and control – Transactions in the financial markets – Managing risk – Dividend policy & distribution decisions
Useful Websites：
• • • • • • • • • • • • • •
Course Outline
1.Course Pre-requisite: Financial Accounting or equivalent. 2.Course objectives:
This course is designed for the student, not only the finance major, but also accounting major. We will cover a lot of ground. We will begin with a general overview and then go into more detail on several concepts, financial instruments, and techniques used in financial decision making. The chief objectives of the course are: 1. To introduce you to the world of finance. Anyone involved with the management of a business needs to have at least some minimal knowledge of business finance. 2. To introduce you to basic financial concepts such as the time value of money, asset valuation, and risk and return. My hope is that by the end of the class you will have a basic grasp of finance principles and that you go beyond just memorizing a number of facts and formulas. Doing so will enable you to better understand current events in Finance and will provide a solid framework for any subsequent courses you may take in Finance. Hopefully, by the end of the semester you will want to take additional classes in Finance! The structure of this class makes your individual study and preparation outside class extremely important. The lecture material will focus on the major points introduced in the text. Reading the assigned chapters and having some familiarity with them before class will greatly assist your understanding of the lecture. After the lecture, you should study your notes and work relevant problems that I will assign you.
Chapter 1 An Overview of Financial Management
I. Learning Objectives
After reading this chapter, students should be able to:
1. 2. Explain the career opportunities available within the three interrelated areas of finance. Identify some of the forces that will affect financial management in the new millennium. Describe the advantages and disadvantages of alternative forms of business organization. Briefly explain the responsibilities of the financial staff within an organization. State the primary goal in a publicly traded firm, and explain how social responsibility and business ethics fit in with that goal. Define an agency relationship, give some examples of potential agency problems, and identify possible solutions. Identify major factors that determine the price of a company’s stock, including those that managers have control over and those that they do not.
3.Course Schedule
This schedule is extremely tentative, and subject to change. Any variations will be announced in class. • Week 1 Introduction • /Chapter 1: An Overview of Financial Management • Week 2 Chapter 2: Time Value of Money • Week 3 Chapter 3: Risk and Rates of Return • Week 4 Chapter 3: Risk and Rates of Return • Week 5 Chapter 4: Bonds and Their Valuation • Week 6/1 Chapter 4: Bonds and Their Valuation • Week 6/2 Chapter 5: Stocks and Their Valuation • Week 7 Chapter 5: Stocks and Their Valuation • Week 8 Chapter 6: The Cost of Capital • Week 9 Chapter 7: The Basics of Capital Budgeting • Week 10 Chapter 8: Cash Flow Estimation • Week 11 Chapter 9: Capital Budgeting under Uncertainty • Week 12 Chapter 10: Capital Structure and Leverage • Week 13 Chapter 11: Distributions to Shareholders • Week 14 Chapter 12: Managing Current Assets • Week 15 Chapter 13: Financing Current Assets • Week 16 Review Week
VP: Finance Treasurer Controller
VP: Operations
Credit Manager
Cost Accounting
Inventory Managetor
Financial Accounting
Tax Department
〈Financial Management〉 (双语课)
Given by：王庆华
Email: wqh1961@
北京化工大学经济管理学院
2010年8月
Text Book & Requiatment
1. Your mark： (1) Assignment & class discussion：40% (2) Final exam：60% 2. Text book： 《财务管理基础——Fundamentals of Financial Management》 E.F. Brigham & J.F.Houston, 沈洪涛，沈艺峰改编，Thomson 和高等教育出版社 3. Reference Books: (1) 《财务成本管理》注册会计师考试用书； (2) 《公司财务》 刘力 北京大学出版社； (3) 《财务管理学》荆新、王化成主编，人民大学出版社； (4) 《企业财务学》王化成主编，人大出版社 (5) <Principles of Corporate Finance> Brealey and Myers, 8th Edition, The McGraw-Hill Companies, Inc., 2007，机械出版社（双语注释版） (6) <Corporate Finance> Ross, Westerfield and Jaffe, 7th Edition, The McGraw-Hill Companies, Inc., 2007, 机械出版社（双语注释版） 4. Course name: Corporate Finance, Financial Management, Business Finance, etc.