课程门户-章节详情

齐筱，黄凌

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

Uses and Limitation of Financial Ratio Analysis

Ratio analysis is more useful for small, narrowly focused firms.
Benchmarking industry leaders'ratios.
A ratio analysis for one firm over time, or a comparative analysis of firms of different ages, must be interpreted with judgment.
Seasonal factors can also distort a ratio analysis.
Different accounting practices can distort comparisons.
It is difficult to generalize about whether a particular ratio is“good” or "bad".
Statistical procedures can be used to analyze the net effects of a set of ratios.
Effective use of financial ratios requires that the financial statement upon which they are based be accurate.