公司理财Chpt01.pptVIP

The McGraw-Hill Companies, Inc., 2000 Irwin/McGraw Hill 1- * 公司理财导论 Principles of Corporate Finance Stephen A. Ross etc. Ninth Edition Slides by Matthew Will Chapter 1 The McGraw-Hill Companies, Inc., 2000 Irwin/McGraw Hill Topics Covered 1.1 Corporate Finance and the Financial Manager 1.2 企业的组织形式 What Is A Corporation? 1.3 代理问题与公司控制 Separation of Ownership and Management 1.4 财务管理的目标 1.5 Financial Markets 1.1.1 什么是Corporate Finance 回答三个问题： 1、你会采取何种长期投资？ 2、你会从哪里或哪些渠道筹集到投资所需的长期资金？ 3、你将如何管理日常财务活动？ 1.1.2: Role of The Financial Manager Financial manager Firms operations Financial markets (1) Cash raised from investors (1) Role of The Financial Manager Financial manager Firms operations Financial markets (1) Cash raised from investors (2) Cash invested in firm (1) (2) Role of The Financial Manager Financial manager Firms operations Financial markets (1) Cash raised from investors (2) Cash invested in firm (3) Cash generated by operations (1) (2) (3) Role of The Financial Manager Financial manager Firms operations Financial markets (1) Cash raised from investors (2) Cash invested in firm (3) Cash generated by operations (4a) Cash reinvested (1) (2) (3) (4a) Role of The Financial Manager Financial manager Firms operations Financial markets (1) Cash raised from investors (2) Cash invested in firm (3) Cash generated by operations (4a) Cash reinvested (4b) Cash returned to investors (1) (2) (3) (4a) (4b) Financial Institutions Company Intermediaries Banks Insurance Cos. Brokerage Firms Obligations Funds Financial Institutions Intermediaries Investors Depositors Policyholders Investors Obligations Funds Who is The Financial Manager? Chief Financial Officer Who is The Financial Manager? Chief Financial Officer Controller Treasurer 财务长：即财务总监，负责管理现金和有价证券，规划资本结构，管理筹资和信贷部。 会计长：即总会计师，负责企业内部会计、审计和税收问题。 做财务管理决策需考虑： 1、资本预算 2、资本结构 3、营运资本管理 要求财务经理具备以下基本素质： （1）熟悉国民经济目标和政策，熟悉宏观经济环境和法律、金融市场等外部环境。 （2）掌握现代公司财务学的理论、知识和方法。 （3）了解企业专业技术