商业财务001教学提纲.ppt

商业财务001教学提纲.ppt

ID:59565044

大小:277.00 KB

页数:22页

时间:2020-11-11

商业财务001教学提纲.ppt_第1页
商业财务001教学提纲.ppt_第2页
商业财务001教学提纲.ppt_第3页
商业财务001教学提纲.ppt_第4页
商业财务001教学提纲.ppt_第5页
资源描述:

《商业财务001教学提纲.ppt》由会员上传分享,免费在线阅读,更多相关内容在教育资源-天天文库

1、商业财务001ChapterOutline1.1WhatisCorporateFinance?1.2TheCorporateFirm1.3TheGoalofFinancialManagement1.4TheAgencyProblemandControloftheCorporation1.5FinancialMarkets1.1WhatisCorporateFinance?CorporateFinanceaddressesthefollowingthreequestions:Whatlong-terminvestmentsshouldthefirmchoose?

2、Howshouldthefirmraisefundsfortheselectedinvestments?Howshouldshort-termassetsbemanagedandfinanced?BalanceSheetModeloftheFirmCurrentAssetsFixedAssets1Tangible2IntangibleTotalValueofAssets:Shareholders’EquityCurrentLiabilitiesLong-TermDebtTotalFirmValuetoInvestors:TheCapitalBudgetingD

3、ecisionCurrentAssetsFixedAssets1Tangible2IntangibleShareholders’EquityCurrentLiabilitiesLong-TermDebtWhatlong-terminvestmentsshouldthefirmchoose?TheCapitalStructureDecisionHowshouldthefirmraisefundsfortheselectedinvestments?CurrentAssetsFixedAssets1Tangible2IntangibleShareholders’Eq

4、uityCurrentLiabilitiesLong-TermDebtShort-TermAssetManagementHowshouldshort-termassetsbemanagedandfinanced?NetWorkingCapitalShareholders’EquityCurrentLiabilitiesLong-TermDebtCurrentAssetsFixedAssets1Tangible2IntangibleCapitalStructureThevalueofthefirmcanbethoughtofasapie.Thegoalofthe

5、manageristoincreasethesizeofthepie.TheCapitalStructuredecisioncanbeviewedashowbesttoslicethepie.Ifhowyouslicethepieaffectsthesizeofthepie,thenthecapitalstructuredecisionmatters.50%Debt50%Equity25%Debt75%Equity70%Debt30%EquityTheFinancialManagerTheFinancialManager’sprimarygoalistoinc

6、reasethevalueofthefirmby:SelectingvaluecreatingprojectsMakingsmartfinancingdecisionsHypotheticalOrganizationChartChairmanoftheBoardand ChiefExecutiveOfficer(CEO)PresidentandChief OperatingOfficer(COO)VicePresidentand ChiefFinancialOfficer(CFO)TreasurerControllerCashManagerCapitalExp

7、endituresCreditManagerFinancialPlanningTaxManagerFinancialAccountingCostAccountingDataProcessingBoardofDirectorsCashflow fromfirm(C)TheFirmandtheFinancialMarketsTaxes(D)GovernmentRetained cashflows(F)Invests inassets(B)Dividendsand debtpayments(E)Currentassets FixedassetsShort-termd

8、ebtLong-termdebtEqu

当前文档最多预览五页,下载文档查看全文

此文档下载收益归作者所有

当前文档最多预览五页,下载文档查看全文
温馨提示:
1. 部分包含数学公式或PPT动画的文件,查看预览时可能会显示错乱或异常,文件下载后无此问题,请放心下载。
2. 本文档由用户上传,版权归属用户,天天文库负责整理代发布。如果您对本文档版权有争议请及时联系客服。
3. 下载前请仔细阅读文档内容,确认文档内容符合您的需求后进行下载,若出现内容与标题不符可向本站投诉处理。
4. 下载文档时可能由于网络波动等原因无法下载或下载错误,付费完成后未能成功下载的用户请联系客服处理。