INTERNATIONAL FINANCE TOPIC 1: INTRODUCTION TO INTERNATIONAL FINANCE Learning objectives After reading this topic you should be able to: • • • • • • Understand the background of international finance Define international finance Explain the reason for studying international finance Explain the roles of international financial manager Understand the background of multinational corporations Distinguish between international finance and domestic finance 1.1 BACKGROUND TO INTERNATIONAL FINANCE International
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The US President Roosevelt died in 1945. He was replaced by Truman who was strongly anti-Communist and‚ as the war came to an end‚ the relationship between America and Russia fell apart. Summary In 1945‚ Harry S Truman became president of the USA‚ determined to confront Communism. He is reported to have told his advisers: The Russians only understand one language - how many armies have you got? I’m tired of babying the Soviets. Harry S Truman‚ 1945 But this was not the only cause of trouble
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for different sources of finance that can help them maintain and develop the businesses. There are various sources of finance that the companies need to consider in particular cases. Each source has it own advantage and disadvantage and different source will be more advantage in different case. Sources of finance are divided into 2 main kinds depend on the length of the sources and the amount of money: Long term and short term sources I. Long term sources of finance: 1. Share
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BUSINESS FINANCE AND FINANCIAL ENVIRONMENT FOR BUSINESS Business Finance 1. Business Finance is the act or process of accumulation and utilisation of funds in order to accomplish a firm’s ultimate goal of maximisation of owners’ wealth. Ultimate Goal of a Firm 2. Maximisation of the wealth of the owners or the shareholders of a firm is considered as the ultimate goal of financial management. The price of the stock in the securities market represents a shareholder’s current wealth position
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Chapter X : Overview of Business Finance • In the olden days knowledge is acquired through apprenticeship. • Today‚ business ability is acquired through classroom instructions and study of textbooks. What is business? • Business’ purpose – production and marketing of every possible article and service that will help human wants at the most convenient and reasonable manner at a profit. • Main purpose of businessman – make profit out of which to support himself and his dependants. Categories
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The Ideological Choice History. Simply explained‚ history can be resumed as “the study of past events”. Crammed into every education system‚ history is required in every single school (ranging from elementary‚ middle‚ or high schools; even including universities). Unfortunately‚ what they teach in history might not always be exactly what happened. Sometimes inaccurate accounts of past history are due to bias in historiography. Most often this can be due to a historian’s bias of favoring one side
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Essay -How the representation of divergent viewpoints lead us to a greater awareness of the complexity of human attitude and behaviour. Human nature is complex as everyone have different ways of perceiving particular events and factors such as memories and motive easily affect how such events are perceived. The truth of an event is usually hard to grasp as the facts are bent towards the person’s will and can be easily affected by the clarity of the memory. In the poem “Sam” the composer revealed
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Michelle Seefeld Managerial Finance Learning Session 1 Written Assignment Chapter 1 Discussion Question 6 What document is necessary to form a corporation? A corporation is formed through articles of incorporation‚ which specify the rights and limitations of the entity (Block‚ Hirt‚ & Danielson‚ 2011). Web Exercise (pp. 22-23) In summary‚ the credo for Johnson & Johnson challenges the company to put the needs and well-being of the customers first. The former chairman for the company
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which the lender looks principally to the revenues expected to be generated by the project for the repayment of its loan and to the assets of the project as collateral for its loan rather than to the general credit of the project sponsor. "Project finance" is a method for obtaining commercial debt financing for the construction of a facility. Lenders look at the credit-worthiness of the facility to ensure debt repayment rather than at the assets of the developer/sponsor. Farm biogas projects have historically
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………5 III. Introduction…………………………………………………………….….……...5 IV. Main body…………………………………………………………….…….……..6 4.1. Sources of finance and its advantages & disadvantages…………………….…6-8 4.2. The implications of the different sources of finance……………………………8-9 3. Appropriate sources of finance for a business project………………….……….9-13 4.4. The costs of sources of finance for Vale Filters Limited………………….…….13-16 4.5. Importance of financial planning……………………………………………….17-18 V. Conclusion…………………………………………………………………………18
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