财务管理英语教学大纲.docx

财务管理英语教学大纲.docx

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财务管理英语教学大纲

《财务管理基础（双语）》教学大纲

课程编号：

课程类型：

专业课

总学时：

32讲课学时：

32实验（上机）学时：

0

学　　分：

2

适用对象：

先修课程：

财务会计、概率与统计

一、课程的教学目标

Financialmanagementisafoundationcourseforundergraduatestudentsinaccountingschool.Financialmanagementdrawsontheknowledgeacquiredinotherareasofaccounting,includingtermsandconceptsfromthefieldsoffinancialaccounting,managerialeconomics,andquantitativemethods.Asolidunderstandingofbasicmathematicsanditsapplicationinbusinesscontextsisrequired.

Financialmanagementemphasizesonthemajordecisionsmadebyfinancialexecutivesofanorganization.Topicsintroducedinthiscourseincludethefollowing:

•Financialplanning

•Workingcapitalmanagement

•Capitalbudgeting

•Strategicdecisionmaking

•Costofcapital

•Securityvaluation

二、教学基本要求

1.TeachingRequirements

Firstly,alearningbridgebetweentheoryandpracticeshouldbebuilt.Whileteaching,teachersshouldemphasizeonthefinancialtheoriesandtheroleinguidingpractice.Theabilityofusingtheoryknowledgetoanalysistypicalfinancialcasesandsolvepracticalproblemsshouldbetrained.Thirdly,avarietyofteachingmethodsshouldbeused.Theoryteachingshouldcombinewithcasestudyandclassroomteachingshouldcombinewithstudents’self-study.Variouslearningmethodsareencouragedtobeadoptedtohelpstudentstoconsolidatethelearnedknowledge.

2.SelectionPrinciplesofTeachingMaterials

ThecontentofteachingmaterialsshouldcoverthemainpointsandbasicmethodsofcorporatefinanceandtheframeworkofteachingmaterialsshouldbeuniversallyacceptedinChina.However,theframeworkoftheteachingmaterialsshouldbestrictinstructureandhaveaclearlogicrelationship.Whileexplainingthebasictheoriesandmethodsoffinance,theteachingmaterialsshouldcombinethosetheorieswithpracticetoconformthetrend.Thelatestdevelopmentofcorporatefinanceshouldalsobeincludedintheteachingmaterials.

3.TeachingMethodandGrades

TeachingMethod:

Whileteaching,thekeypointsshouldbefocusedanddifficultpointsshouldbetaughtclearly.Modernmeansofteachingareencouragedtobeused.Exercisesareusedtohelpstudentstoprepareandreviewthelessons.Extranewspapers,magazinesandwebsiteshouldbeprovided,andstudentsareencouragedtousethesechannelstocollectinformationcombinedwiththeoryprincipleslearnedintheclasstoanalyzeandsolvepracticalproblems.Homeworkarerequiredtobecompletedbyindividualsordiscussedingroupsaccordingtothedifficultyoftheproblems.

Grades:

Homeworkandtestinclassroom:

30%;

FinalExamination:

70%.

三、各教学环节学时分配

教学课时分配

Chapter

Content

Lecture

Experiment

Others

Total

1

TheRoleofFinancialManagement

1

1

2

TheBusiness,TaxandFinancialEnvironment

1

1

3

TheTimeValueofMoney

3

3

4

TheValuationofLong-TermSecurities

5

RiskandReturn

2

2

6

FinancialStatementAnalysis

3

3

7

FundsAnalysis,Cash-FlowAnalysis,andFinancialPlanning

2

2

8

OverviewofWorkingCapitalManagement

1

1

9

CashandMarketableSecuritiesManagement

1

1

10

AccountsReceivableandInventoryManagement

3

2

11

Short-TermFinancing

1

1

12

CapitalBudgetingandEstimatingCashFlows

2

2

13

CapitalBudgetingTechniques

2

2

14

RiskandManagerialOptionsinCapitalBudgeting

2

2

15

RequiredReturnandtheCostofCapital

2

2

16

OperatingandFinancialLeverage

2

2

17

CapitalStructureDetermination

2

2

18

DividendPolicy

1

1

19

TheCapitalMarket

1

1

20

Long-TermDebt,PreferredStock,andCommonStock

1

1

Total

32

四、教学内容

Part1IntroductionofFinancialManagement

Chapter1TheRoleofFinancialManagement

WhatisFinancialManagement?

TheGoaloftheFirm

CorporateGovernance

OrganizationoftheFinancialManagementFunction

KeyLearningPoints：

WhatisFinancialManagement?

TheGoaloftheFirm

Objectives：

AfterStudyingChapter1,youshouldbeableto:

Explainwhytheroleofthefinancialmanagertodayissoimportant.Describe"financialmanagement"intermsofthethreemajordecisionareasthatconfrontthefinancialmanager.Identifythegoalofthefirmandunderstandwhyshareholders'wealthmaximizationispreferredoverothergoals.Understandthepotentialproblemsarisingwhenmanagementofthecorporationandownershipareseparated（i.e.,agencyproblems）.Demonstrateanunderstandingofcorporategovernance.Discusstheissuesunderlyingsocialresponsibilityofthefirm.Understandthebasicresponsibilitiesoffinancialmanagersandthedifferencesbetweena"treasurer"anda"controller."

Questions：

1.Ifallcompanieshadanobjectiveofmaximizingshareholderwealth,wouldpeopleover-alltendtobebetterorworseoff?

2.Contrasttheobjectiveofmaximizingearningswiththatofmaximizingwealth.

3.Whatisfinancialmanagementallabout?

4.Explainwhyjudgingtheefficiencyofanyfinancialdecisionrequirestheexistenceofagoal?

5.Whatarethethreemajorfunctionofthefinancialmanager?

Howaretheyrelated?

6.Shouldthemanagersofacompanyownsizableamountsofcommonstockinthecompany?

Whyaretheprosandcons?

7.Asaninvestor,doyouthinkthatsomemanagersarepaidtoomuch?

Dotheirrewardscomeatyourexpense?

8.Howdoesthenotionofriskandrewardgovernthebehavioroffinancialmanagers?

9.Whatiscorporategovernance?

Whatroledoesacorporation’sboardofdirectorsplayincorporategovernance?

10.Compareandcontrasttherolethatafirm’streasurerandcontrollerhaveintheoperationofthefirm.

Chapter2TheBusiness,Tax,andFinancialEnvironments

TheBusinessEnvironment

TheTaxEnvironment

TheFinancialEnvironment

KeyLearningPoints：

TheTaxEnvironment

TheFinancialEnvironment

Objectives：

AfterStudyingChapter2,youshouldbeableto:

DescribethefourbasicformsofbusinessorganizationintheUnitedStates–andtheadvantagesanddisadvantagesofeach.Understandhowtocalculateacorporation'staxableincomeandhowtodeterminethecorporatetaxrate-bothaverageandmarginal.Understandvariousmethodsofdepreciation.Understandwhyacquiringassetsthroughtheuseofdebtfinancingoffersataxadvantageoverbothcommonandpreferredstockfinancing.Describethepurposeandmakeupoffinancialmarkets.Demonstrateanunderstandingofhowletterratingsofthemajorratingagencieshelpyoutojudgeasecurity’sdefaultrisk.Understandwhatismeantbytheterm“termstructureofinterestrates”andrelateittoa“yieldcurve.”

Questions：

1.Whatistheprincipaladvantageofthecorporateformofbusinessorganization?

Discusstheimportanceofthisadvantagetotheownerofasmallfamilyrestaurant.Discusstheimportanceofthisadvantagetoawealthyentrepreneurwhoownsseveralbusinesses.

2.Whataresomeofthedisadvantagesof（a）asoleproprietorship?

（b）apartnership?

（c）alimitedliabilitycompany（LLC）?

3.Areindividualtaxratesprogressiveorregressiveinthesenseofincreasingordecreasingwithincomelevels?

4.Themethodofdepreciationdoesnotalterthetotalamountdeductedfromincomeduringthelifeofanasset.Whatdoesitalterandwhyisthatimportant?

5.Whatisthepurposeoffinancialmarkets?

Howcanthispurposebeaccomplishedefficiently?

6.Whatismeantbymakingthefinancialmarketsmoreefficient?

Morecomplete?

7.Whatarethemajorsourcesofexternalfinancingforbusinessfirms?

8.Inadditiontofinancialintermediaries,whatotherinstitutionsandarrangementsfacilitatetheflowoffundstoandfrombusinessfirms?

Part2Valuation

Chapter3TheTimeValueofMoney

TheInterestRate

SimpleInterest

CompoundInterest

AmortizingaLoan

CompoundingMoreThanOnceperYear

KeyLearningPoints：

SimpleInterest

CompoundInterest

Objectives：

AfterStudyingChapter3,youshouldbeableto:

Understandwhatismeantby"thetimevalueofmoney."Understandtherelationshipbetweenpresentandfuturevalue.Describehowtheinterestratecanbeusedtoadjustthevalueofcashflows–bothforwardandbackward–toasinglepointintime.Calculateboththefutureandpresentvalueof:

（a）anamountinvestedtoday;（b）astreamofequalcashflows（anannuity）;and（c）astreamofmixedcashflows.Distinguishbetweenan“ordinaryannuity”andan“annuitydue.”Useinterestfactortablesandunderstandhowtheyprovideashortcuttocalculatingpresentandfuturevalues.Useinterestfactortablestofindanunknowninterestrateorgrowthratewhenthenumberoftimeperiodsandfutureandpresentvaluesareknown.Buildan“amortizationschedule”foraninstallment-styleloan.

Questions：

1.Whatissimpleinterest?

2.Whatiscompoundinterest?

Whyisitimportant?

3.Whatkindsofpersonalfinancialdecisionshaveyoumadethatinvolvecompoundinterest?

4.Whatisanannuity?

Isanannuityworthmoreorlessthanalumpsumpaymentreceivednowthatwouldbeequaltothesumofallthefutureannuitypayment?

5.Whattypeofcompoundingwouldyoupreferinyoursavingsaccount?

Why?

6.Contrastthecalculationoffuture（terminal）valuewiththecalculationofpresentvalue.Whatisthedifference?

7.Whatistheadvantageofusingpresentvaluetablesratherthanformulas?

Chapter4TheValuationofLong-TermSecurities

DistinctionsAmongValuationConcepts

BondValuation

PreferredStockValuation

CommonStockValuation

RatesofReturn（orYields）

KeyLearningPoints：

BondValuation

PreferredStockValuation

CommonStockValuation

Objectives：

AfterStudyingChapter4,youshouldbeableto:

Distinguishamongthevarious