《财务管理理论与实务（第4版）》遵循应用型人才培养模式的教育目标，坚持理论与中国实践相结合的原则，以资金运 动及其体现的财务关系为研究对象，覆盖基础理论、筹资管理、投资管理、营运资金管理和利 润分配管理等内容，具有内容完整、理论实用、案例新颖以及练习方式多样等特点，重在培养 学**现问题、分析问题和解决问题的能力。 《财务管理理论与实务（第4版）》可以满足以应用型人才培养为目标的经济管理学科各专业财务管理课程的教学需要， 也可以为从事财务管理实际工作的营利与非营利组织管理人员和专业技术人员提供参考。

第1 章 总论 ······································ 1 1.1 财务管理的对象和内容 ················· 2 1.1.1 财务管理的对象—资金运动 及其体现的财务关系 ·············· 2 1.1.2 财务管理的内容 ···················· 6 1.2 财务管理目标及其社会责任 ··········· 7 1.2.1 财务管理目标 ······················ 7 1.2.2 财务管理目标与社会责任 ·······11 1.3 财务管理体制 ···························11 1.3.1 企业组织形式 ·····················12 1.3.2 财务管理体制 ·····················15 1.4 财务管理的环节 ························16 1.5 财务管理的环境 ························17 1.5.1 政治环境 ···························17 1.5.2 法律环境 ···························17 1.5.3 经济环境 ···························18 1.5.4 金融市场环境 ·····················19 1.5.5 其他外部环境 ·····················20 习题 ·············································20 第2 章 财务管理基础 ·························24 2.1 利 率 ·································25 2.1.1 利率的概念与分类 ················25 2.1.2 决定利率高低的基本因素 ·······27 2.1.3 未来利率水平的测算 ·············28 2.2 资金时间价值 ···························29 2.2.1 资金时间价值的概念 ·············29 2.2.2 复利终值和现值的计算 ··········30 2.3 风险与风险报酬 ························38 2.3.1 风险的定义 ························38 2.3.2 风险的类型 ························39 2.3.3 风险报酬的定义 ···················39 2.3.4 单项投资风险与报酬的衡量 ····40 2.3.5 证券投资组合的风险与报酬 ····44 习题 ·············································51 第3 章 财务分析 ·······························56 3.1 财务分析概述 ···························57 3.1.1 财务分析的目的 ···················57 3.1.2 财务分析的信息基础 ·············58 3.1.3 财务分析的方法 ···················62 3.2 企业偿债能力分析 ·····················65 3.2.1 短期偿债能力分析 ················65 3.2.2 长期偿债能力分析 ················68 3.2.3 影响企业偿债能力的 其他因素 ···························70 3.3 企业营运能力分析 ·····················71 3.3.1 流动资产营运能力分析 ··········71 3.3.2 固定资产营运能力分析 ··········74 3.3.3 总资产营运能力分析 ·············74 3.4 企业盈利能力分析 ·····················75 3.4.1 各类企业盈利能力分析 通用指标 ···························75 3.4.2 股份制企业盈利能力分析 专用指标 ···························78 3.5 企业发展能力分析 ·····················81 3.5.1 营业收入增长率 ···················81 3.5.2 利润增长率 ························81 3.5.3 总资产增长率 ·····················81 3.5.4 股东权益增长率 ···················82 3.5.5 经营现金净流量增长率 ··········82 3.6 企业财务趋势分析 ·····················83 3.6.1 比较财务报表 ·····················83 3.6.2 比较结构百分比财务报表 ·······87 3.6.3 比较财务比率 ·····················90 3.7 企业财务综合分析与评价 ·············91 3.7.1 杜邦分析体系 ·····················91 3.7.2 帕利普财务分析体系—杜邦 财务分析体系的变形与发展 ····95 习题 ·············································96