财务管理基础英文大纲.docx

1、财务管理基础英文大纲 Company Document number：WUUT-WUUY-WBBGB-BWYTT-1982GT财务管理基础英文大纲Foundation of Financial ManagementModule syllabusTeacher Name: Zhanwei Liu School Name: Xuchang University1.Unit description Financial management is part of the decision-making, planning and control subsystems of an enterprise.

2、 It incorporates the treasury function, which includes the management of working capital and the implications arising from exchange rate mechanisms due to international competition, evaluation, selection, management and control of new capital investment opportunities, raising and management of the l

3、ong-term financing of an entity. The management of risk in the different aspects of the financial activities undertaken is also addressed. Studying this course should provide you with an overview of the problems facing a financial manager in the commercial world. It will introduce you to the concept

4、s and theories of corporate finance that underlie the techniques that are offered as aids for the understanding, evaluation and resolution of financial managers problems. This subject guide is written to supplement the Essential and Further reading listed for this course, not to replace them. It mak

5、es no assumptions about prior knowledge other than that you have completed Principles of accounting. The aim of the course is to provide an understanding and awareness of both the underlying concepts and practical application of the basics of financial management. The subject guide and the readings

6、should also help to build in your mind the ability to make critical judgments of the strengths and weaknesses of the theories, just as it should be helping to build a critical appreciation of the uses and limitations of the same theories and their possible applications.On successful completion of th

7、e module, learners will be able to:describe how different financial markets function and estimate the value of different financial instruments (including stocks and bonds) make capital budgeting decisions under both certainty and uncertainty apply the capital assets pricing model in practical scenar

8、ios discuss the capital structure theory and dividend policy of a firm estimate the value of derivatives and advise management how to use derivatives in risk management and capital budgeting describe and assess how companies manage working capital and short- term financing 2.Pre-requisite units and

9、assumed knowledgeAccounting, Economics3.Learning aims and outcomes Learning Outcome 1Explain the method of financial analysis and planningASSESSMENT CRITERIA:a.Explain the goals and objectives of financial management b.Demonstrate a reasonable ability to prepare the three basic financial statementsc

10、.Discuss the method of financial analysisd.Explain the operating leverage, financial leverage. and combined leverageLearning Outcome 2Explain the manager how to manage working capital ASSESSMENT CRITERIA:a.Explain the context of risk-return analysisb.Explain the financial manager how to choose betwe

11、en liquid, low-return assets and more profitable, less liquid assetsLearning Outcome 3Explain the process of the capital budgeting ASSESSMENT CRITERIA:a.Discuss the time value of money b.Explain the valuation of bonds and stocksc.Explain the cost of capital and capital structure d.Explain the capita

12、l budgeting decision and risk-return analysisLearning Outcome 4Explain the long-term financing in the capital markets ASSESSMENT CRITERIA:a.Explain the long-term debt and lease financing b.Explain the common stock and preferred stock financing c.Explain the dividend policy and retained earningsd.Exp

13、lain the warrants and convertibles covered, as well as the more conventional methods of financing 4.Weighting of final gradeGrades will be assigned on the basis of the following percentages: Attendance10Participation10*Group discussion10*Presentation20Quiz20Final Exam (Learning outcome 2,3)30Total 1

14、005.GradingA 100-95 A- 94-90 B+ 89-87B 86-83 B- 82-80 C+ 79-77C 76-73 C- 72-70 D+ 69-67D 66-63 D- 62-60 F 59 or lower6.PoliciesAttendance PolicyAttendance in class is a very important part of your learning experience. As such, failure to attend class will reduce your grade, and may be grounds for fa

15、ilure in the course. If you are late to class, your attendance score may also be affected. In the event of unavoidable absences, such as serious illness, or deaths in the family, students may be requested to provide documentary evidence of the reason for their absence to their academic coordinator.

16、You should not give these to your instructor. Students are solely responsible for the makeup of any missed classes, and for obtaining any class materials or assignments that they may miss. You are expected to come to class prepared to actively participate in class discussions.Participation PolicyStu

17、dents should participate in their chosen classes actively and effectively. The Participation Grade is related to the Attendance Grade. Students final attendance grade is the maximum of their participation grade.Participation grade will be based on a variety of factors including, but not limited to t

18、aking part in class discussions and activities, completing assignments, being able to answer questions correctly, obeying class rules, and being prepared for class, frequent visiting your instructors and chatting in English during their office hours is highly recommended.Policy on Assignments and Qu

19、izzesStudents should finish their assignments completely and punctually. Assignment should be submitted on the date appointed by the instructor. If a student cannot hand in the assignment on time, the reasonable excuse will be needed. Late assignments will receive a maximum grade of 80. An assignmen

20、t that is late for 3 days will be corrected but receive 0.You are recommended print all your assignment in the uniform format with the heading of Students Pledge of no cheating. Written assignment or printed ones without the uniform heading of pledge will receive a maximum grade of 80.It is mandator

21、y to have weekend assignment every week. Any weekend assignment should be submitted on first class of next week. It is mandatory to have holiday assignment on the public holidays. Any holiday assignment should be submitted on the first day on returning to school. Students are required to do a multit

22、ude of presentations during the course.Plagiarism and CopyingPlagiarism is using someone elses work or ideas as your own without giving them proper credit or copying someone elses work and presenting it as your has a very strict plagiarism policy and will not tolerate academic cheating in any form.

23、Penalties can be as severe as expulsion from the university. At the very least, no one will receive any credit for assignments that appear to be copied from another student. To avoid plagiarism, do your own work, or cite the work of others appropriately. You can refer to the course catalogue for mor

24、e information about plagiarism policy.If you cheat on the homework, I can guarantee you that you will fail the class. Every exam I give has several problems that require you to submit journal entries, create financial statements in proper form, or to create schedules showing certain details that you

25、 have to calculate. If you do not practice doing these things by doing the homework yourself and correcting your own work in class, you will lose a significant number of points on the exams.Classroom PoliciesNo eating, cellular phones, electronic dictionaries, smoking, chatting or drowsing in class.

26、Please speak in English rather than Chinese in class.Students are not allowed to attend class without textbooks.Stand up when answering questions.Respect classmates ideas, opinions, and questions of your classmates.You are welcome to visit the instructors office in his/her office hours.Take good car

27、e of the laboratory facilities. Do not splash water on the desktop.When each class is over, hang the earphone on the hanger. Put the trash into the trash-bin.All your classroom involvement, performance and after-class communications with instructor will affect your participation score.7.Texts and ot

28、her recoursesThe primary textbook:Stanley . Foundation of financial management, 14th ed. The supplementary textbook:Richard A. Barealey et al(2011) fundamentals of corporate finance(6th ed.). Renmin university of China press WEB SITES:Teaching methodsDiscussions and Homework8.Session PlanWeekDuratio

29、nContentsChapters coveredOutcomes covered12Introduction and financial analysisFunctions and goals of financial management(1a)Income statement, balance sheet, statement of cash flows(1b)1 2122Introduction and financial analysisRatio and trend analysis(1c)Impact of financial 23132Financial forecasting

30、Pro forma income statement(1c)Cash budgetPro forma balance sheet 4142Operating and financial leverageOperating leverage(1d)Financial leverageCombining operating and financial leverage5152Working capital and the financing decision Controlling assets.(2a)The financing decisionShifts in assets structur

31、e6262Current asset managementCash management(2b)Management of accounts receivableInventory management7272Sources of short-term financingTrade and bank credit(2b)Use of collateral in short-termAccounting receivable financing, inventory financing8282 The time value of moneyFuture value, Present value(3a)The annuity value9392Valuation and rates of returnValuation of bonds(3b)Valuation of preferred stockValuation of common stock 103102Cost of capital Cost of debt, preferred stock and common equity(3c)Optional capital structureThe margin cost of capital 113112The