Finance is a field that deals with the study of investments. It includes the dynamics of assets and liabilities
over time under conditions of different degrees of uncertainty and
risk. Finance can also be defined as the science of money management.
Finance aims to price assets based on their risk level and their
expected rate of return. Finance can be broken into three different sub-categories: public finance, corporate finance and personal finance.
Personal finance may involve paying for education, financing durable goods such as real estate and cars, buying insurance, e.g. health and property insurance, investing and saving for retirement.
Personal finance may also involve paying for a loan, or debt obligations.
Corporate finance deals with the sources of funding and the capital structure
of corporations, the actions that managers take to increase the value
of the firm to the shareholders, and the tools and analysis used to
allocate financial resources. Although it is in principle different from
managerial finance which studies the financial management of all firms,
rather than corporations alone, the main concepts in the study of
corporate finance are applicable to the financial problems of all kinds
of firms. Corporate finance generally involves balancing risk and
profitability, while attempting to maximize an entity's assets, net
incoming cash flow and the value of its stock,
and generically entails three primary areas of capital resource
allocation. In the first, "capital budgeting", management must choose
which "projects" (if any) to undertake. The discipline of capital budgeting may employ standard business valuation techniques or even extend to real options valuation; see Financial modeling.
The second, "sources of capital" relates to how these investments are
to be funded: investment capital can be provided through different
sources, such as by shareholders, in the form of equity (privately or via an initial public offering), creditors, often in the form of bonds, and the firm's operations (cash flow). Short-term funding or working capitalis mostly provided by banks extending a line of credit. The balance between these elements forms the company's capital structure.
The third, "the dividend policy", requires management to determine
whether any unappropriated profit (excess cash) is to be retained for
future investment / operational requirements, or instead to be
distributed to shareholders, and if so, in what form. Short term
financial management is often termed "working capital management", and relates to cash-, inventory- and debtors management.
Corporate finance deals with the sources of funding and the capital structure
of corporations, the actions that managers take to increase the value
of the firm to the shareholders, and the tools and analysis used to
allocate financial resources. Although it is in principle different from
managerial finance which studies the financial management of all firms,
rather than corporations alone, the main concepts in the study of
corporate finance are applicable to the financial problems of all kinds
of firms. Corporate finance generally involves balancing risk and
profitability, while attempting to maximize an entity's assets, net
incoming cash flow and the value of its stock,
and generically entails three primary areas of capital resource
allocation. In the first, "capital budgeting", management must choose
which "projects" (if any) to undertake. The discipline of capital budgeting may employ standard business valuation techniques or even extend to real options valuation; see Financial modeling.
The second, "sources of capital" relates to how these investments are
to be funded: investment capital can be provided through different
sources, such as by shareholders, in the form of equity (privately or via an initial public offering), creditors, often in the form of bonds, and the firm's operations (cash flow). Short-term funding or working capital is mostly provided by banks extending a line of credit. The balance between these elements forms the company's capital structure.
The third, "the dividend policy", requires management to determine
whether any unappropriated profit (excess cash) is to be retained for
future investment / operational requirements, or instead to be
distributed to shareholders, and if so, in what form. Short term
financial management is often termed "working capital management", and relates to cash-, inventory- and debtors management.
Corporate finance also includes within its scope business valuation, stock investing, or investment management. An investment is an acquisition of an asset
in the hope that it will maintain or increase its value over time that
will in hope give back a higher rate of return when it comes to
disbursing dividends. In investment management – in choosing a portfolio – one has to use financial analysis to determine what, how much and when to invest. To do this, a company must:
Identify relevant objectives and constraints: institution or
individual goals, time horizon, risk aversion and tax considerations;
Identify the appropriate strategy: active versus passive hedging strategy
Measure the portfolio performance
Financial management overlaps with the financial function of the accounting profession. However, financial accounting is the reporting of historical financial information,
while financial management is concerned with the allocation of capital
resources to increase a firm's value to the shareholders and increase
their rate of return on the investments.
1. Applicants should under the age of 35
2.Applicants must Be in good health
3. high school graduate or equivalent or above
4. good command of HSK level 3 (or above) are available
1.Photocopy of valid passport
With photo, passport number &expiration date and name included.
2.Passport-sized photo
A passport-sized photo taken recently of the applicant.
3.Graduation certificate of high school
Graduation certificate should be in Chinese or English.If not, it should be translated into Chinese or English and be notarized.
4.Academic transcript of high school
5.HSK Certificate (No need for English-taught program)
Level 3 or above
6.Photocopy of 1st page to 7th page of your valid passport
Concerning about your entering/exiting any other countries. If students
have never been to any other country, please give us the copy version of
passport from the 1st page to the 7th page which demonstrated that have
never been to any other country.
Answer: ACASC charges a service fee of 50$ for using its online application portal. Applying through ACASC into Chinese universities attracts a service fee of $50.
Answer: Yes. ACASC gives the applicants, the chance to directly apply to their desired universities through our online application portal. We have synchronized our system to create a simple platform that connects universities and colleges in China to international students all around the world.
Answer: To track the application status, please log in your ACASC personal account. Whenever there’s an update, you will be informed on your application status through ACASC system within a day as soon as we receive university’s notification. You will simultaneously receive ACASC auto-email about the application status. To directly inquire about your application status, feel free to send us an email to admission@acasc.cn and our team will keep you updated.
Answer: When an application is pending a decision it means that your school has received it and no admissions decision has been made yet. The admissions office may have reviewed your application package or may not have.
The main cause of a pending application is usually incomplete application documents. As a result you will be requested by the school’s admission office to re-check and modify all submitted application documents or perhaps even add extra documents and then re-submit them.
To avoid further delays, carefully read the university’s comments, modify your application form on ACASC, and re-upload the required application documents. You can contact ACASC on admission@acasc.cn for any help with regards to your pending application
Processing time varies for different applications. For example to process a degree program application requires more time than a Chinese language application. Confirmation for Chinese language application by the admission office usually takes 2 to 4 weeks. However, time for degree programs application differs. For example fall semester application processing is after March, and it takes a period of 1 to 2 months. This also depends on your qualification and the number of applicants.
