财务管理专业英语翻译

1、1、Financial management is an integrated decision-making process concerned withacquiring， financing, and managing assets to accomplish some overall goal within a business entity.策过程。2、Making financial decisions is an integral part of all forms and sizes of business organizationsfrom small privately-h

2、old forms to large publiclytraded corporations.易的公司来说，都是不行分割的一部分。3、Intodaysrapidly changingenvironmentthe financial manager must have the flexibilityto adapt to external factors such as economic uncertainty， global competition，technological change， volatility of interest and exchange rates ， changes

3、 in laws and regulations, and ethical concerns.在当今瞬息万变的环境中,.4The financial manager makes investment decisions about all types of assetsitems on theleft-hand side of the balance sheet.财务经理要做出关于全部形式的资产即资产负债表左侧所列示项目的投资打算。5、For example, a firm must repay debt with interest over a specific period without

4、 typicallysharing control with the lender。,而通常不用与债权人共享把握权。6、When you examine a set of financial statements, you should keep in mind that a physical reality lies behind the numbers， and you should also realize that the translation fromphysicalassetto“correctnumbers isfar from precise。当你检查一组财务报表的时候，你应

5、当牢记：真实的东西是隐蔽在数字背后的，并且你还应当意识到，把物理资产转换为数据是很难做到精确的。7、The qualitative characteristics of accounting information include relevance, timeliness,reliability, consistency ，and comparability.会计信息的质量特征包括相关性、准时性、牢靠性、全都性和可比性.8、The assets， which are the “things” the company owns, are listed in the order of decre

6、asing liquidity, or length of time it typically takes to convert them to cash at fair marketvalues, beginningwith thefirms currentassets。所需要的时间来排列的，通常从流淌资产开头.9、Rather than treat the entire purchase price of PPE as a capital expense in the purchaseyear，accountantsspreadthepurchase cost over theassets

7、usefullife.买年度的资本支出。Themarket value of a firmsequity is equal to the number of shares of common stock outstanding times the price per share ， while the amount reported on the firms balancesheet is basically the cumulative amount the firm raised when issuing common stock andany reinvested net income（

8、retained earnings)。额则主要是公司在发行一般股以及安排任何再投资净收益（留存收益)时累积的数额。If the balance sheet is like a snapshot, the income statement is like a video recording ofthe people did between two snapshots.动的录像记录。This firm will report basic earnings per share ， which is calculated by dividing the net income less any pref

9、erred dividends paid out by the weighted average number ofoutstanding shares of common stock。公司将会报告基本每股收益，这个数字是用净利润减去支付的优先股利再除以发行在外一般股的加权平均数计算出来的。The diluted earnings figure per share provides a more conservative earnings estimate by assuming that the total shares of common stock in the denominator

10、include all shares of common stock plus future potential shares from the likely future conversion of outstanding convertible securities, stock options, and warrants.通过假定分母中的全部一般股份包括了全部一般股加上将来可能转换为一般股的发行收入估量。14、Net income is further adjusted by accounting for any cash that the firm used to fund incre

11、ases in current assets or decreases in current liabilities.通过解释公司为了增加流淌资产或削减流淌负债而投入的现金,净利润被进一步调整.15、Lenders try to protect the bondholders interest by incorporating some ratios into the restrictive covenants in the firms bond indenture to constrain some of its financial and operating activities.债权人设

12、法通过将一些财务比率结合到债券契约的限制性条款中的方法来限制公司的财务、经营活动，以爱护债券持有者的权益.16、The rationale for excluding inventory is that it is the least liquid of a firms current assets andmay not be as readily available to meet a short-term maturing obligation as the other more liquid current assets.流淌性的流淌资产来说存货不简洁变现以用来偿还短期债务。17、Man

13、agers should analyze the tradeoff between any increased sales from a more lenient creditpolicy and the associated costs of longer collection periods and more uncollected receivables to determine whether changing the firms credit sales policy could increase shareholders wealth.管理者应当分析较宽松的信用政策带来的销售增加和

14、更长的赊销货款回收期及更多未收账款带来的相关费用之间的权衡，以确定转变公司赊销政策是否能增加股东财宝。18、When a firm produces goods or acquires inventory for the sale and/or sells the items on a credit basis, it will need to have ample cash during the period between when the firm must pay forthe raw materials, inventory and labor and when it receive

15、s cash from the sale of goods当一个公司为了销售和(或）赊销而生产商品或购买存货时,必需要在支付原材料、存货、劳动力价格和获得销售收入现金之间的期间拥有充分的现金。19、Mostcredit card holders are acutely aware of the implications of massing an interestpayment as this amount is then added to the outstanding balance to calculate the amendedamount owing ！大多数信用卡持有人都能敏锐地意

16、识到这种错过利息支付的示意付余额中以计算修正后的欠款数目！20Broadly defined ,a financial asset is a monetary claim on an issuer, typically a paper asset suchas a bond, preferred stock, or common stock.从广义的定义来说，金融资产是一种对于发行人的货币主见，通常表现为票据资产,比如债券、优先股或一般股。21、The price of a bond may rise above or fall below its par value due to diffe

17、rences between itscoupon rate and prevailing market interest rates.债券的价格有可能高于其票面价值也有可能低于其票面价值利率的差距。22、In general， the answer is no, but the extent to which adding stocks to a portfolio reduces its risk depends on the degree of correlation among the stock ： The smaller the positive correlation coeffi

18、cients , the lower the risk in a large portfolio。组合中股票的关联性：正相关系数越小，一个大的证券投资组合的风险就越低。23、MM argue that under a highly restrictive set of assumptions, the value of the firm is determined solely by the size and the riskiness of the real cash flows generated by the firms assets and not by how these cash flows are divided between the debt and equity stakeholders of the firm. M&M提出，在一系列严格限制的假设下，公司价值只取决公司资产制造的真实现金流的大小和风险， 而不在于这些现金流如何在债务和股权利益相关者之间安排。24、The view that capital structure is literally irrelevant or that “nothing matters in corporatefinance, though somet