财务管理基础英文摘要

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2、FoundationsofFinancialManagementPart1IntroductionChapter1TheGoalsAndFunctionsofFinancialManagementSummarynThischaptertracestheevolutionandinterrelationshipsoffinanceasafieldofstudyandtheroleofthefinancialmanagerinadynamiceconomy.1.ThefieldofFinance.nA.Thefieldoffinanceiscl

3、oselyrelatedtoeconomicsandaccounting.n1.Economicsprovidesastructurefordecision-makinginsuchareasas:na.Riskanalysis.nb.Pricetheory.nc.Comparativereturnanalysis.1.ThefieldofFinance.n2.Economicsprovidesthebroadpictureoftheeconomicenvironmentincludingthe:na.Institutionalstructu

4、reoftheFederalReserveSystem.nb.Commercialbankingsystem.nc.Interrelationshipsbetweenvariouseconomicsectors.1.ThefieldofFinance.n3.Accounting,sometimessaidtobethelanguageoffinance,providesfinancialdatathroughincomestatements,balancesheets,andthestatementofcashflows.n4.Finance

5、linkseconomictheorywithaccountingdata.Allcorporatemanagersmustbefamiliarwithsuchdatainordertoassessthefinancialperformanceofthefirm.1.ThefieldofFinance.nB.Thedemandforfinancialmanagementskillsexistsinmanysectorsofaglobalsocietyincludingcorporatemanagement,financialinstituti

6、ons,andconsulting.2.Financeasafieldofstudyhasevolvedovertimeinresponsetochangingbusinessmanagementneeds.nA.Financeachievedrecognitionasaseparatefieldofstudyinresponsetothecreationofgiantcorporationsattheturnofthecentury.nB.TheworstdepressioninUnitedStates’historycausedashif

7、tinemphasisfromrapidmergergrowthtopreservationofcapital,liquidity,reorganization,andthebankruptcyprocess.2.Financeasafieldofstudyhasevolvedovertimeinresponsetochangingbusinessmanagementneeds.nC.Themostsignificantstepintheevolutionofcontemporaryfinancialmanagementbeganinthem

8、id-1950s.Emphasiswasplacedontheanalyticallydeterminedemploymentofresourceswithinthefirm.Thedecision-makingnatureoffinancialmanagementwasmanifestedintheenthusiasmforthestudyof:2.Financeasafieldofstudyhasevolvedovertimeinresponsetochangingbusinessmanagementneeds.n1.Allocation

9、offinancialcapitalforthepurchaseofrealcapital(plantandequipment).n2.Efficientutili