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页数:19页
时间:2020-03-23
《财务管理基础英文摘要.doc》由会员上传分享,免费在线阅读,更多相关内容在工程资料-天天文库。
1、WFoundationsofFinancialManagementPart1IntroductionChapter1TheGoalsAndFunctionsofFinancialManagementSummary■Thischaptertracestheevolutionandinterrelationshipsoffinanceasafieldofstudyandtheroleofthefinancialmanagerinadynamiceconomy.1.ThefieldofFinance.■A.Thefieldoffinanceiscloselyrel
2、atedtoeconomicsandaccounting.■1.Economicsprovidesastructurefordecision-makinginsuchareasas:■a.Riskanalysis.■b.Pricetheory.■c.Comparativereturnanalysis・1.ThefieldofFinance.■2.Economicsprovidesthebroadpictureoftheeconomicenvironmentincludingthe:■a.InstitutionalstructureoftheFederalRe
3、serveSystem・■b.Commercialbankingsystem.■c.Interrelationshipsbetweenvariouseconomicsectors・1.ThefieldofFinance.■3.Accounting,sometimessaidtobethelanguageoffinance,providesfinancialdatathroughincomestatements,balancesheets,andthestatementofcashflows.■4.Financelinkseconomictheorywitha
4、ccountingdata.Allcorporatemanagersmustbefamiliarwithsuchdatainordertoassessthefinancialperformaneeofthefirm・1.ThefieldofFinance.■B.Thedemandforfinancialmanagementskillsexistsinmanysectorsofaglobalsocietyincludingcorporatemanagement,financialinstitutions,andconsulting.2.Financeasafi
5、eldofstudyhasevolvedovertimeinresponsetochangingbusinessmanagementneeds.■A.Financeachievedrecognitionasaseparatefieldofstudyinresponsetothecreationofgiantcorporationsattheturnofthecentury.■B.TheworstdepressioninUnitedStates'historycausedashiftinemphasisfromrapidmergergrowthtopreser
6、vationofcapital,liquidity,reorganization,andthebankruptcyprocess.2.Financeasafieldofstudyhasevolvedovertimeinresponsetochangingbusinessmanagementneeds.■C.Themostsignificantstepintheevolutionofcontemporaryfinancialmanagementbeganinthemid-1950s.Emphasiswasplacedontheanalyticallydeter
7、minedemploymentofresourceswithinthefirm.Thedecision-makingnatureoffinancialmanagementwasmanifestedintheenthusiasmforthestudyof:2.Financeasafieldofstudyhasevolvedovertimeinresponsetochangingbusinessmanagementneeds.■1.Allocationoffinancialcapitalforthepurchaseofrealcapital(plantandeq
8、uipment)•■2.Efficientutili
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