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
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。
财务管理英文课件1
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.
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
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
关于财务管理的英文单词
关于财务管理的英文单词IntroductionFinancial management is a crucial aspect of running a business or managing personal finances. Understanding the vocabulary related to financial management is essential for effective communication and decision-making in this field. In this document, we will explore a comprehensive list of English words that are frequently used in the context of financial management.Basic Financial Terminology1.Assets: Resources owned by an individual or business, such as cash, investments, or property.2.Liabilities: Debts or financial obligations owed by an individual or business, including loans, credit card debt, or mortgages.3.Equity: The value of an individual’s or business’ assets minus its liabilities. It represents the ownership interest in a company.4.Income: The money earned from various sources, such as salaries, investments, or business revenue.5.Expenses: The costs incurred by an individual or business, including rent, utilities, salaries, and other operational expenses.6.Budget: A financial plan that outlines expected income and expenses over a specific period. It helps individuals and businesses manage their finances and achieve their financial goals.Financial Statements7.Balance Sheet: A financial statement that provides a snapshot of an indi vidual’s or business’ financial condition, showing assets, liabilities, and equity at a specific point in time.8.Income Statement: Also known as a profit and loss statement, it shows an individual’s or business’ revenue, expenses, and net profit or loss over a specific period. It helps evaluate performance and profitability.9.Cash Flow Statement: A statement that tracks the movement of cash into and out of an individual’s or business’ accounts over a specific period. It helps analyze liquidity and cash management.Financial Analysis10.Ratio Analysis: The process of evaluating financial statements using various ratios to assess an individual’s or business’ performance, liquidity, profitability, and solvency.11.Return on Investment (ROI): A metric used to evaluate the profitability of an investment. It measures the return or gn on an investment relative to the cost of the investment.12.Gross Margin: The difference between revenue and the cost of goods sold, expressed as a percentage. It indicates how efficiently a company produces its goods or services. Present Value (NPV): The present value of cash inflows minus the present value of cash outflows over a specific period. It helps individuals and businesses determine the profitability of an investment.14.Break-Even Point: The level of sales at which total revenue equals total expenses. It indicates the minimum level at which a business must operate to avoid losses.15.Risk Management: The process of identifying, assessing, and prioritizing risks in order to minimize their impact on financial goals. It involves developing strategies to mitigate risks and protect assets. Investment and Financial Instruments16.Stocks: Represent ownership in a company and are traded on stock exchanges.17.Bonds: Debt instruments issued by governments or corporations. Investors lend money to the issuer in exchange for regular interest payments and the return of the principal amount at maturity.18.Mutual Funds: Investment vehicles that pool money from multiple investors to invest in a diversified portfolio of stocks, bonds, or other securities.19.Diversification: Spreading investments across different assets or asset classes to reduce risk.20.Derivatives: Financial contracts whose value is derived from an underlying asset, such as options, futures contracts, or swaps. They are used to manage risk or speculate on price movements.ConclusionThis document has presented a comprehensive list of English words related to financial management. Understanding these terms is essential for effectively managing personal finances or running a business. Constant learning and staying updated with financial terminology can help individuals and businesses make informed decisions and improve their financial well-being.。
财务管理制度 英文范文
财务管理制度英文范文Financial Management SystemIntroductionFinancial management is an essential part of every organization, regardless of its size or nature. A well-designed and properly implemented financial management system allows an organization to effectively monitor and control its financial operations, make informed decisions, and ensure compliance with laws and regulations.This document outlines the financial management system of XYZ Company, providing guidelines and procedures to ensure the efficient and effective management of financial resources. The system covers key areas such as budgeting, accounting, cash management, financial reporting, and internal controls.1. Budgeting1.1. Objectives- Ensure effective allocation of financial resources to achieve organizational goals- Provide a basis for financial planning and decision-making- Control expenditure and prevent overruns1.2. Process- Prepare an annual budget based on inputs from various departments and stakeholders- Review and approve the budget by the management team- Monitor budget performance on a regular basis and take corrective actions when necessary- Conduct periodic budget reviews and adjustments, if required- Encourage the participation of relevant departments to promote ownership and accountability2. Accounting2.1. Chart of Accounts- Maintain a standardized chart of accounts to ensure consistency in financial reporting- Update the chart of accounts as needed to reflect changes in business operations or regulatory requirements2.2. Recording of Transactions- Record all financial transactions accurately, promptly, and in accordance with generally accepted accounting principles (GAAP) - Implement a double-entry accounting system to maintain proper books of accounts- Segregate duties to prevent conflicts of interest and ensure internal controls2.3. Financial Statements- Prepare accurate and reliable financial statements (income statement, balance sheet, and cash flow statement) on a monthly, quarterly, and annual basis- Ensure compliance with applicable accounting standards and legal requirements- Present financial statements to the management team for review and approval3. Cash Management3.1. Objectives- Optimize cash flow to meet operational needs and financial obligations- Minimize idle cash and associated costs, such as bank charges and interest expenses- Safeguard cash against theft or misappropriation3.2. Procedures- Develop cash forecasts to estimate daily, weekly, and monthly cash requirements- Maintain effective controls over cash receipts and disbursements - Establish clear and documented procedures for approving and processing payments- Periodically review banking arrangements and negotiate favorable terms and conditions4. Financial Reporting4.1. Internal Reports- Generate internal reports to provide management with timely and accurate financial information for decision-making- Examples include budget variance reports, management accounts, and key performance indicators (KPIs)4.2. External Reports- Prepare financial reports for external stakeholders, such as shareholders, lenders, and regulators- Ensure compliance with legal and regulatory requirements, such as annual financial statements and tax filings- Present accurate and transparent financial information to maintain credibility and trust5. Internal Controls5.1. Objectives- Safeguard company assets from loss, theft, or misuse- Prevent errors, fraud, and irregularities in financial transactions - Ensure compliance with laws, regulations, and internal policies 5.2. Measures- Implement segregation of duties to avoid concentration of power and enhance accountability- Conduct regular internal audits to assess the effectiveness of controls- Implement a robust system of checks and balances to detect and prevent errors and fraud- Provide training and awareness programs to employees regarding their roles and responsibilities in maintaining internal controls ConclusionA robust financial management system is critical for the success and sustainability of any organization. XYZ Company is committed to implementing and adhering to the guidelines and procedures outlined in this document to ensure efficient utilization of financial resources, accurate financial reporting, and strong internal controls. Regular review and improvement of the systemwill be conducted to adapt to changing business needs and regulatory requirements.。
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Slide: 1 - 2
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 - 6
Typical Finance Structure
Chief Financial Officer
Chief ccountant
Corporate Treasurer
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Corporate treasurer is in charge of raising funds, managing liquidity and banking relationships and controlling risks.
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• Interest in these topics grew and in turn spurred interest in security analysis, portfolio theory and capital structure theory.
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The company’s secretary was in charge of raising funds and producing the annual reports, as well as the accounting function.
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Early 20th century:
Concentrated on reporting to outsiders.
Early 21st century:
Insiders managing and controlling
the firm’s financial operations.
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chapter 1 & 3 Scope and environment of
financial management
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Slide: 1 - 1
Development of Financial Management
Profit maximisation functions largely as a theoretical goal.
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.
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Slide: 1 - 4
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.
Slide: 1 - 3
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.
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Slide: 1 - 5
• Capital budgeting became a major topic in finance.
• This led to an increased interest in related topics, most notably firm valuation.
Slide: 1 - 8
Financial Goal of the Firm
Profit maximisation?
In microeconomics courses profit maximisation is frequently given as the financial goal of the firm.