财务管理专业英语2024-2025（1)

齐筱，黄凌

目录

  • 1 Unit 1 Introduction to Financial Management(1)
    • 1.1 Financial Management and Financial Manager
    • 1.2 Financial Management Decision
  • 2 Unit 2 Introduction to Financial Management(2)
    • 2.1 Types of Business Organization
    • 2.2 Corporate Structure of the Company
    • 2.3 Objectives of Financial Management
    • 2.4 Separation of Ownership and Control
  • 3 Unit 3 Interpreting Financial Statements
    • 3.1 Basics of Annual Reports and Financial Statements
    • 3.2 Balance Sheet
    • 3.3 Income Statement
    • 3.4 Statement of Retained Earnings
    • 3.5 Statement of Cash Flow
  • 4 Unit 4 Financial Ratio Analysis
    • 4.1 Financial Ratio Analysis
    • 4.2 Liquidity Ratios
    • 4.3 Debt Management Ratios
    • 4.4 Asset Management Ratios
    • 4.5 Profitability Ratios
    • 4.6 Market Value Ratios
    • 4.7 Uses and Limitation of Financial Ratio Analysis
  • 5 Time Value of Money and Valuation
    • 5.1 Central Concepts in Financial Management
    • 5.2 Simple vs. Compound Interest Rates and Future vs. Present Value
    • 5.3 Annuity
    • 5.4 Valuation Fundamentals
    • 5.5 Bond Valuation
    • 5.6 Common Stock Valuation
Statement of Cash Flow

Statement of Cash Flow

  • Operating Cash Flows 

  • Investing Cash Flows 

  • Financing Cash Flows 


√Activities in each area that bring in cash represent sources of cash while activities that involve spending cash are uses of cash.

Operating Cash flow

√Cash flow from operations(CFO) reports the cash generated from sales and the cash used in the production process.(cash collections from sales, cash operating expenses, cash interst expenses, and cash tax payments)

  • Direct method

The top-down approach, deriving operating cash flows by taking each item from the income statement and converting it to its cash equivalent by adding or subtracting the changes in the corresponding balance sheet account.

从利润表中营业收入为起点，从资产负债表中找出涉及现金的各项变动，增减相关项

※我国企业会计准则规定用直接法编制包括：增加预收账款净增加额部分，扣减应收增加额和应收票据增加额，增加各类税费返还，减少应付净减少额等

  • Indirect method

The bottom-up approach, involves several steps：

  1. This approach begins with the firm's net earnings income for the period and then subtracts gains or adds losses that result from financing or investment cash flows. 

  2. Next the approach adds back any non-cash charges such as depreciation and amortization it subtracted to arrive at net income. 

  3. Net income is further adjusted by accounting for any cash that the firm used to fund increases in current assets or decreases in current liabilities. 


从利润表净利润开始，调整不涉及现金的收入、费用、营业外收支以及应收应付等项目的增减变动


Investing Cash flows

√Cash How from investing (CFI) reports the cash used to acquire and dispose of non-cash assets.

——can be found in non-current portion of the asset section of the balance sheet：purchases of property, plant and equipment, investments in joint ventures and affiliates, payments for businesses acquired, proceeds from sales of assets, and investments in or sales of marketable securities.

Financing Cash Flows

√Cash flows from financing (CFF) reports capital structure transactions.

——can be found in long-term capital section of the balance sheet and the statement of retained earnings.

Financing activities include:

  • new debt issuances

  • debt repayments or retirements

  • stock sales and repurchases

  • cash dividend payments


















EXAMPLE 1



EXAMPLE 2