tailieunhanh - Lecture note Essentials of corporate finance – Chater 1: Introduction to financial management

After studying this chapter you will be able to: Know the basic types of financial management decisions and the role of the financial manager, know the goal of financial management, know the financial implications of the different forms of business organisation, understand the conflicts of interest that can arise between owners and managers. | 1- Copyright © 2011 by the McGraw-Hill Companies, Inc. All rights reserved. McGraw-Hill/Irwin 1- Chapter Outline Finance: A Quick Look Business Finance and The Financial Manager Forms of Business Organization The Goal of Financial Management The Agency Problem and Control of the Corporation Financial Markets and the Corporation RWJ website 1- Key Concepts and Skills Have a good understanding of: The basic types of financial management decisions and the role of the financial manager The goal of financial management The financial implications of the different forms of business organization The conflicts of interest that can arise between owners and managers 1- Basic Areas Of Finance Corporate finance = Business Finance Investments Financial institutions International finance Return to Quick Quiz 1- Investments Work with financial assets such as stocks and bonds Value of financial assets, risk versus return, and asset allocation Job | 1- Copyright © 2011 by the McGraw-Hill Companies, Inc. All rights reserved. McGraw-Hill/Irwin 1- Chapter Outline Finance: A Quick Look Business Finance and The Financial Manager Forms of Business Organization The Goal of Financial Management The Agency Problem and Control of the Corporation Financial Markets and the Corporation RWJ website 1- Key Concepts and Skills Have a good understanding of: The basic types of financial management decisions and the role of the financial manager The goal of financial management The financial implications of the different forms of business organization The conflicts of interest that can arise between owners and managers 1- Basic Areas Of Finance Corporate finance = Business Finance Investments Financial institutions International finance Return to Quick Quiz 1- Investments Work with financial assets such as stocks and bonds Value of financial assets, risk versus return, and asset allocation Job opportunities Stockbroker or financial advisor Portfolio manager Security analyst 1- Financial Institutions Companies that specialize in financial matters Banks – commercial and investment, credit unions, savings and loans Insurance companies Brokerage firms Job opportunities 1- International Finance An area of specialization within each of the areas discussed so far May allow you to work in other countries or at least travel on a regular basis Need to be familiar with exchange rates and political risk Need to understand the customs of other countries; speaking a foreign language fluently is also helpful 1- Basic Areas Of Finance 1- Why Study Finance? Marketing Budgets, marketing research, marketing financial products Accounting Dual accounting and finance function, preparation of financial statements Management Strategic thinking, job performance, profitability Personal finance Budgeting, retirement planning, college planning, day-to-day cash flow .