《财务管理学》中几组重要概念（Several important concepts in financial management）.doc

《财务管理学》中几组重要概念（Several important concepts in financial management） Financing channels and ways of raising loans Financing channels refer to the direction and channel of financing sources, which embodies the source and flow of funds. Corporate fund-raising channels are of seven types, including the national finance fund, bank credit funds and non bank financial institutions, funds and other enterprise funds, private capital, equity capital and foreign capital. Financing refers to the specific form of the enterprise financing taken, embodies the nature of capital, corporate financing mode also include seven types: direct investment, stock issuance, bank loans, commercial credit, bond financing bonds and financing lease. The mode of financing is closely related to the financing channels. The financing may apply only to a specific financing channels, but the same money can often take a different approach, and the same way of financing is often applied to different financing channels. Therefore, when enterprises raise funds, it is necessary to achieve reasonable cooperation between the two. Capital cost and time value of capital It is generally believed that the concept of time value of funds is based on the premise that funds participate in any transaction activities at a cost. Therefore, the time value of funds reflects the value of capital as its movement time continues to increase. Specifically, the time value of money is the money paid by the owner of the fund for a certain period of time from the user of the fund. As for the cost of capital, it means the price paid by the user of the fund for the use of other peoples funds. They are represented by interest, dividends and so on. They are the embodiment of the movement of funds in their owners and users. But there are also obvious differences between the two. This is mainly manifested in three aspects; first, the time value of fund performance interest income for the money, and the cost of capital is the use of human