Lecture 1 （Chapter 1） Introduction to Corporate Finance McGraw-Hill/Irwin Copyright © 2010 by the McGraw-Hill Companies‚ Inc. All rights reserved. 会计循环 会计循环过程 原始凭证 记账凭证 记账 过账结算 试算平衡 报表编制 总账 分类账 明细账 基本原则：账证相符、账账相符、账表相符、账实相符 1-1 财务管理的基本框架 企业规模 理财环境 目标利润 筹资渠道 财务策略 财务预算 筹资方式 财务目标 短期投资 股利理论 总体分析 营运资金管理 股利政策 指标分析 成本控制 股利方式 综合分析 资金预测 资金筹集 资金投放 收益分配 财务分析 时间价值 资金成本 财务关系 风险分析 资金结构 实业投资 税务政策 分析方法 证券投资 发展规模 分析报告 财务关系 财务管理制度 1-2 财会管理的构架
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Closing Case Study 2 Chapter 4 1) Decision support systems are defined as flexible and interactive IT systems designed to support decision making when the problem isn’t structured. Artificial intelligence technologies work with decision support systems well because artificial intelligence is known as a computer that can program itself‚ which leads to an expert system. A decision support system can incorporate artificial intelligence technologies such as pattern recognition through the data mining
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Chapter One Basic Areas of Finance: 1. Corporate Finance = Business Finance 2. Investments a. Work with financial assets such as stocks and bonds. b. Value of financial assets‚ risk verses return and asset allocation. c. Job opportunities. 3. Financial Institutions a. Companies that specialize in financial matters. i. Banks – Credit unions‚ savings‚ and loans. ii. Insurance Companies iii. Brokerage Firms b. Job Opportunities. 4. International Finance a. An area of specialization within each of the
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Aswath Damodaran 2 THE OBJECTIVE IN CORPORATE FINANCE “If you don’t know where you are going‚ it does’nt maCer how you get there” First Principles 3 Aswath Damodaran 3 The Classical Viewpoint 4 ¨ ¨ ¨ ¨ Van Horne: "In this book‚ we assume that the objecKve of the firm
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Bendigo Bank Case Study 2011 Question (1): Capital Structure and Financing in the Banking Industry Introduction Australian banks are an interesting case of capital structure and financing considerations as far as companies go‚ in that they are regulated in a number of ways by the Australian Prudential Regulatory Authority (APRA) and the Reserve Bank of Australia (RBA). Considerations of capital structure have the effect of reducing the cost of capital and so in turn increase the value
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Joanne Jackson June 1‚ 2011 Corporate Finance 620 M 600-950 Ch. 12 Mini Case A. Do you think Adam Lee should develop a strategic plan for the company? Why? What are the central elements of such a plan? What is the role of finance in a strategic plan? Yes. The goal of companies is to create more wealth for the owners and for financial managers to make their company more valuable and without well designed strategic and tactical plans in place it is impossible to do. The central
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priciples of mar A. DEFINITION AND CORE CONCEPTS OF MARKETING MARKETING – social and managerial process by which individuals and groups obtain what they want through creating and exchanging products and value with others - managerial process of producing‚ pricing‚ distributing‚ and promoting products to satisfy the needs‚ wants and demands of their respective markets NEEDS – states of self – deprivation - natural elements designed for survival - anything required
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IMBA -FIN 6425 – Quiz 1 Corporate Finance - Solution– Nimalendran This is an individual quiz and you should submit the answers on-line by the scheduled date. You are allowed to use any resources EXCEPT help from any other person. You are allowed to use EXCEL for the calculations. 1. Barkley Credit Union sets a low annual percentage rate (5%) for all its credit card customers instead of basing the interest rates on the customers’ credit scores. Consequently Barkley is exposed to ______________
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Chapter 14 Capital Structure in a Perfect Market 14-1. Consider a project with free cash flows in one year of $130‚000 or $180‚000‚ with each outcome being equally likely. The initial investment required for the project is $100‚000‚ and the project’s cost of capital is 20%. The risk-free interest rate is 10%. a. What is the NPV of this project? b. Suppose that to raise the funds for the initial investment‚ the project is sold to investors as an all-equity firm. The equity holders will receive
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WEEK 4 ASSIGNMENT 1 1 Week 4 Assignment 1 Edwin Lopez-Petrilli Professor William Hall Fundamentals of Corporate Finance Tuesday July 26‚ 2011 WEEK 4 ASSIGNMENT 1 2 Explain why market prices are useful to a financial manager. Financial managers are tasked with making investment decisions‚ financing‚ and managing cash flows from operating activities therefore when prices from competitive markets determine the cash value of goods and the price determines the value of the goods. Financial
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