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Corporate finance consist of the financial activities related running a _____(1)___. Corporate finance includes planning, raising, investing and ____(2)_____ of finance. The ____(3)____of corporate finance is to accomplish the financial aims of the company. Corporate finance is primarily concerned with maximizing the return on the finance through longterm and shortterm financial planning_____(4)_____. One of the most important tasks of corporate finance is to make capital____(5)____. The decision process of making capital investments is mainly concerned with capital ____(6)____. So in the first step of investing, you need to look at your whole company’s financial picture. Though capital budget, we can answer the question “How much finance is required by the company” Second, assess your____(7)____ for risk in order to identify capital expenditure ___(8)____ by company. Third, make your____(9)____, start by establishing the broad categories that will make up your portfolio such as stock, bonds and other investment ventures. Finally, make your decisions on question like:” How much capital is used to invest?. Where to invest in?”. In addition to handling the use of investment capital, corporate finance is also responsible for sourcing capital in the form of debt or____(10)____.
1 Choose the best answer to fill the blank: Asset Budgets Portfolio Goal Policy Manages Investments Strategies Subjected Consequence Tolerance Corporation Equity Monitoring Corporate finance consist of the financial activities related running a _(1) _ Corporate finance includes planning, raising, investing and (2) _ of finance The (3) of corporate finance is to accomplish the financial aims of the company Corporate finance is primarily concerned with maximizing the return on the finance through long-term and short-term financial planning _(4) _ One of the most important tasks of corporate finance is to make capital (5) The decision process of making capital investments is mainly concerned with capital (6) So in the first step of investing, you need to look at your whole company’s financial picture Though capital budget, we can answer the question “How much finance is required by the company” Second, assess your (7) for risk in order to identify capital expenditure _(8) by company Third, make your (9) , start by establishing the broad categories that will make up your portfolio such as stock, bonds and other investment ventures Finally, make your decisions on question like:” How much capital is used to invest? Where to invest in?” In addition to handling the use of investment capital, corporate finance is also responsible for sourcing capital in the form of debt or (10) 10 2 Reading comprehension: The easiest way to identify the differences between corporate and public finance is to identify what each type of finance is individually, and then compare the two Broadly speaking, corporate finance is finance concerned with businesses, whereas public finance is the allocation of money by public bodies (namely the government) in order to provide equality and fairness within the economy for individual people Corporate finance aims to provide the maximum financial benefit for the shareholders of a business or industry which is privately owned Corporate finance involves both long and short term decision being made, which will benefit shareholders whilst also allowing the business itself to remain stable Investments of money into new products, research and development, and marketing are all examples of long term decision, which will benefit the company in the long term On the other hand, short term decision may involve managing the current flow of cash – ensuring that income and output are at least balanced, and monitoring the company’s spending in other to make changes via long term decision in the future Investment banking is also associated with corporate finance Investment banking is when a company’s finances, their income and their expenditure, are assessed in order to make them more efficient and profitable Investment banking can help companies to expand and grow Overall, the world of corporate finance is highly competitive and involves very large amounts of money – thousands, if not millions, of dollars On the other hand, public finance is the area of the economy in which the government aims to supplement and aid the economy If market failure occurs, when the private sufficient goods or capital, then the government will become involved via public finance in other to rectify any wrong or deficiencies in the economy as a result Taxes and a country’s balance of payments deficit or surplus are all connected with public finance • Question comprehension: What is the meaning of this paragraph? A Definition of corporate finance B Public finance aims C The difference between corporate finance and public finance D Encouraging the economy Which of the following is NOT a role of corporate finance? A Provide the maximum financial benefit for the shareholder of a business B Managing the current flow of cash C Investment of money into new products, research and development D Allocation of resources and distribution of income What is meaning of word rectify in paragraph? A Repair B Improve C Promote D Damage Which of the following is the aims of public finance? A Supplement the economy B Rectify any wrongs or deficiencies in the economy C Provide equality and fairness for individual people in the economy D A,B and C What is the difference between corporate finance and public finance? A Goals B Roles C Subjects D A,B and C Matching the words or phrases in column A with their definition in column B: A Corporate finance A Finance B B To additional, the company can raise money in two ways The process of planning and managing a firm’s long-term investments 4 Fixed capital and working capital C Monitoring of finance D Internal and external E Capital budgeting F Fixed capital G Working capital H Expenditure I 10 Capital structure J Is used to purchase fixed assets like land, buildings, machinery, etc Is such a broad term that is used to indentify the various financial transactions performed by a company or a large company Is used to purchase raw materials, pay the day-to-day expenses like salaries, rent, taxes, ect The total amount of that an organization or person spends In the company, they often have two kinds of finance The management of large amounts of money, especially by governments or companies The mixture of debt and equity maintained by a firm Help to reduce expenses aim to avoid wastefulness and maximize profits Make up sentences Stockholder / owner /one / or/ more share/corporation/ capital stock …………………………………………………………………………… …………………………………………………………………………… Debentures / type / of / debt instrument /that / not secured / physical assets / or / collateral …………………………………………………………………………… …………………………………………………………………………… Debt help/ the public / the total amount / government owes / all of its creditor / the / general public …………………………………………………………………………… …………………………………………………………………………… Translation a English – Vietnamese Profit is reflected in reduction in liabilities, increase in assets, and increase in owners' equity ………………………………………………………………………… ………………………………………………………………………… Vietnamese - English Hàng tồn kho tài sản khâu dự trữ trình sản xuất kinh doanh, loại tài sản ngắn hạn thường bán vòng chu kỳ hoạt động kinh doanh thông thường …………………………………………………………………………… …………………………………………………………………………… …………………………………………………………………………… ……… Chi phí hội sử dụng để so sánh với lợi ích thu thực lựa chọn, chi phí kinh tế …………………………………………………………………………… …………………………………………………………………………… b Financial intermediary firm that raises money from many small investors and provides financing to businesses or other organizations by investing in their securities ………………………………………………………………………… ………………………………………………………………………… ………………………………………………………………………… The separation between management and ownership gives a corporation more flexibility and permanence than a partnership Even if managers of a corporation quit or are dismissed and replaced by others, the corporation can survive ………………………………………………………………………… ………………………………………………………………………… ………………………………………………………………………… In accounting and finance, equity is the difference between the value of the assets and the cost of the liabilities of something owned …………………………………………………………………………… ……… Bản cân đối kế toán cho biết tình trạng tài sản công ty, nợ vốn cổ đông vào thời điểm ấn định …………………………………………………………………………… …………………………………………………………………………… Chức quản lý tài thường kết hợp với quản lý công ty ví dụ phó chủ tịch tài vài giám đốc tài khác …………………………………………………………………………… …………………………………………………………………………… …………………………………………………………………………… Quản trị tài doanh nghiệp bao gồm hoạt động liên quan đến đầu tư, tài trợ quản trị tài sản theo mục tiêu chung công ty tối đa hóa lợi nhuận doanh nghiệp …………………………………………………………………………… …………………………………………………………………………… …………………………………………………………………………… Đáp án 1 Corporation Budgets C D A Monitoring 7.Policy Goal Manages 4.Strategies 9.Portfolio Investment 10.Equity D D D H G J A B C E F 10 I A stockholder is the owner of one or more shares of a corporation's capital stock A debentures is a type of debt instrument that is not secured by physical assets or collateral Debt help by the public is the total amount the government owes to all of its creditor in the general public a English – Vietnamese Công ty trung gian tài làm tăng tiền từ nhiều nhà đầu tư nhỏ cung cấp tài cho doanh nghiệp tổ chức khác cách đầu tư vào chứng khoán họ Việc tách biệt quản lý sở hữu tính linh hoạt công ty nhiều lâu bền so với quan hệ đối tác Ngay nhà quản lý công ty bỏ việc bị sa thải thay người khác, công ty tồn Trong kế toán tài chính, vốn chủ sở hữu khác biệt giá trị tài sản chi phí nợ phải trả thuộc sở hữu Lợi nhuận phản ánh việc giảm nợ, gia tăng tài sản tăng vốn chủ sở hữu b Vietnamese – English Inventory is easily reserve assets of the production business, the kind of short-term assets as it is usually sold within a period of normal business activities The opportunity cost is used as a basis for comparison with the benefits obtained when making choices, and that is the economic cost The balance sheet indicates the status of the company assets, liabilities and shareholders' equity at a fixed time The function of financial management is often associated with management of companies such as financial vice president or some other financial director Enterprise Financial Management includes activities related to the investment, financing and asset management in accordance with the company's overall goal is to maximize corporate profits .. .2 Reading comprehension: The easiest way to identify the differences between corporate and public