世纪商务英语阅读教程(专业篇II).pptVIP

世纪商务英语阅读教程（专业篇II) Unit 2 Lead-in Text A Financial Management Financial Management Financial management involves the solution of three major decisions. Financial Management Financial Management Financial Management Financial Management Text B Insurance What is insurance? An Overview of Insurance Reasons for Insurance Illness Property damage Property Theft Car accidents Reasons for Insurance Text C Types of Insurance * * DUTP 大连理工大学音像出版社 世纪商务英语 阅读教程 （专业篇Ⅱ） Financial management concerns three major decisions of how to maximize a firm’s value, and the three major decisions are closely related. While insurance concerns various ways about how to protect an individual or an organization from possible economic losses, and the different types of insurance benefit not only the insured but also the society. After studying this unit, you will be able to: ◇ Understand the function of financial management. ◇ Explain how insurance plays an important role in modern life. ◇ Discuss different types of insurance and their coverage. 1. Three Major Decisions 2. Interrelations Between the Three Major Decisions 3. Financial Management Three Major Decisions The investment decision 投资决策 The financing decision 融资决策 The dividend decision 分配决策 ◇ The investment decision is the most important one. ◇ The investment can create value for a company. ◇ The investment involves risks. ◇ The appropriate required rate of return should be determined for the investment. ◇ A financial manager is responsible for existing assets, especially , current assets. The Investment Decision The Financing Decision ◇ The financing decision is the second major decision. ◇ The financing decision concerns the best financing mix or capital structure. ◇ An optimal financing mix can maximize the market value of an company’s stocks. The Dividend Decision ◇ The dividend decision is the third important decision. ◇ The dividend decision includes the perce