财务管理基础英文摘要.doc

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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