神马作文网帮忙翻译一下英文文献1
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帮忙翻译一下英文文献1
What Is Financial Management
Financial management is concerned with the acquisition,financing,and management of assets with some overall goal in mind．Thus the decision function of financial management can be broken down into three major areas：the investment,financing,and asset management decisions．
Investment Decision
The investment decision is the most important of the firm's three major decisions when it comes to value creation．It begins with a determination of the total amount of assets needed to be held by the firm．Picture the firm's balance sheet in your mind for a moment．Imagine liabilities and owners’equity being listed on the right side of the balance sheet and its assets on the left．The financial manager needs to determine the dollar amount that appears above the double lines on the left—hand side of the balance sheet—that is,the size of the firm．Even when this number is known,the composition of the assets must still be decided．For example,how mach of the firm's total assets should be devoted to cash or to inventory?Also,the flip side of investment—disinvestment—must not be ignored．Assets that can no longer be economically justified may need to be reduced,eliminated,or replaced．
Financing Decision
The second major decision of the firm is the financing decision．Here the financial manager is concerned with the makeup of the right-hand side of the balance sheet．If you look at the mix of financing for firms across industries,you will see marked differences．Some firms have relatively large amounts of debt,whereas others are almost debt free．Does the type of financing employed make a difference? If so,why? And,in some sense,can a certain mix of financing be thought of as best?
What Is Financial Management
Financial management is concerned with the acquisition,financing,and management of assets with some overall goal in mind．Thus the decision function of financial management can be broken down into three major areas：the investment,financing,and asset management decisions．
Investment Decision
The investment decision is the most important of the firm's three major decisions when it comes to value creation．It begins with a determination of the total amount of assets needed to be held by the firm．Picture the firm's balance sheet in your mind for a moment．Imagine liabilities and owners’equity being listed on the right side of the balance sheet and its assets on the left．The financial manager needs to determine the dollar amount that appears above the double lines on the left—hand side of the balance sheet—that is,the size of the firm．Even when this number is known,the composition of the assets must still be decided．For example,how mach of the firm's total assets should be devoted to cash or to inventory?Also,the flip side of investment—disinvestment—must not be ignored．Assets that can no longer be economically justified may need to be reduced,eliminated,or replaced．
Financing Decision
The second major decision of the firm is the financing decision．Here the financial manager is concerned with the makeup of the right-hand side of the balance sheet．If you look at the mix of financing for firms across industries,you will see marked differences．Some firms have relatively large amounts of debt,whereas others are almost debt free．Does the type of financing employed make a difference? If so,why? And,in some sense,can a certain mix of financing be thought of as best?
什么是财务管理
财务管理方面的购置,融资,和资产管理的一些总体目标mind.thus决定功能 财务管理可以细分为三个主要方面:投资,融资和资产管理决策.投资决策
投资决策是最重要的,该公司的三项重大决定,当谈到价值creation.it开始 与确定的总资产额须持有的firm.picture公司的资产负债表 在你心中树立moment.imagine负债及owners'equity被列在右侧的资产负债表及 其资产在left.the财务经理需要来确定的金额,这似乎以上的双回线 左边的资产负债表,即2001年的大小的firm.even当这个数目是已知的,组成了 资产仍必须decided.for例如,如何马赫该公司的总资产应专门用于现金或库存?另外,反面投资disinvestment不可ignored.assets不能再予以经济上的合理性可能要减少,消除,或取代.
融资决策
第二个重大的决定,该公司正筹措decision.here财务经理人而言,与古亭 右侧的余额sheet.if你看看混合筹资的企业跨行业,你会看到 标志着differences.some厂商有较大数额的减免,而其他国家则几乎free.does债务型融资,使受雇 差别?如果是这样,为什么?并在一定意义上,可以有一定比例的资金被认为是最好的?
财务管理方面的购置,融资,和资产管理的一些总体目标mind.thus决定功能 财务管理可以细分为三个主要方面:投资,融资和资产管理决策.投资决策
投资决策是最重要的,该公司的三项重大决定,当谈到价值creation.it开始 与确定的总资产额须持有的firm.picture公司的资产负债表 在你心中树立moment.imagine负债及owners'equity被列在右侧的资产负债表及 其资产在left.the财务经理需要来确定的金额,这似乎以上的双回线 左边的资产负债表,即2001年的大小的firm.even当这个数目是已知的,组成了 资产仍必须decided.for例如,如何马赫该公司的总资产应专门用于现金或库存?另外,反面投资disinvestment不可ignored.assets不能再予以经济上的合理性可能要减少,消除,或取代.
融资决策
第二个重大的决定,该公司正筹措decision.here财务经理人而言,与古亭 右侧的余额sheet.if你看看混合筹资的企业跨行业,你会看到 标志着differences.some厂商有较大数额的减免,而其他国家则几乎free.does债务型融资,使受雇 差别?如果是这样,为什么?并在一定意义上,可以有一定比例的资金被认为是最好的?