会计学第一节财务管理内容(nèiróng)一、定义(dìngyì)二、企业财务活动(huódòng)三、企业财务关系(guānxì)四、财务管理的基本(jīběn)理论四、财务管理的基本(jīběn)理论第二节财务管理目标(mùbiāo)一、企业(qǐyè)目标01090109010901090109010901090109四、委托(wěituō)代理问题第三节财务管理环境(huánjìng)第三节财务管理环境(huánjìng)第二章财务管理的价值观念第一节货币的时间(shíjiān)价值三、年金三、年金四、不同复利间隔期利率(lìlǜ)的转换五、复利和折现的实际(shíjì)应用0109习题(xítí)第二节风险(fēngxiǎn)和报酬理论(lǐlùn)基础行为(xíngwéi)经济学（心理学）前景(qiánjǐng)理论的基本原理发布消息(xiāoxi)的四个原则0109What’sYourRiskTolerance2.Nowlookatthepreviousquestionanotherway.Yourinvestmentfell20percent,butit’spartofaportfoliobeingusedtomeetinvestmentgoalswiththreedifferenttimehorizons.2A.Whatwouldyoudoifthegoalwerefiveyearsaway?2B.Whatwouldyoudoifthegoalwere15yearsaway?2C.Whatwouldyoudoifthegoalwere30yearsaway?a.Sellb.Donothingc.Buymore3.Thepriceofyourretirementinvestmentjumps25%amonthafteryoubuyit.Again,thefundamentalshaven’tchanged.Afteryoufinishgloating,whatdoyoudo?a.Sellitandlockinyourgainsb.Stayputandhopeformoregainc.Buymore;itcouldgohigher4.You’reinvestingforretirement,whichis15yearsaway.Whichwouldyouratherdo?a.Investinamoney-marketfundorguaranteedinvestmentcontract,givingupthepossibilityofmajorgains,butvirtuallyassuringthesafetyofyourprincipalb.Investina50-50mixofbondfundsandstockfunds.inhopesofgettingsomegrowth,butalsogivingyourselfsomeprotectionintheformofsteadyincomec.Investinaggressivegrowthmutualfundswhosevaluewillprobablyfluctuatesignificantlyduringtheyear,buthavethepotentialforimpressivegainsoverfiveor10years5.Youjustwonabigprize!Butwhichone?It’suptoyou.a.$2,000incashb.A50%chancetowin$5,000c.A20%chancetowin$15,0006.Agoodinvestmentopportunityjustcamealong.Butyouhavetoborrowmoneytogetit.Wouldyoutakeoutaloan?a.Definitelynotb.Perhapsc.Yes7.Yourcompanyissellingstocktoitsemployees.Inthreeyears,managementplanstotakethecompanypublic.Untilthen,youwon’tbeabletosellyoursharesandyouwillgetnodividends.Butyourinvestmentcouldmultiplyasmuchas10timeswhenthecompanygoespublic.Howmuchmoneywouldyouinvest?a.Noneb.Twomonths’salaryc.Fourmonths’salaryScoringYourRiskTolerance一、风险