公司理财第九版课件第一章.ppt

Chapter 1 Introduction to Corporate Finance /rwj Student Edition Course-wide Content VideosExcel MasterFinancial Markets UpdateCFA Sample QuestionsAppendices Quizzes Chapter Quiz 提交每道习题选项后可看答案 More Resources Learning ObjectivesExcel TemplatesWeb Exercises*Narrated Lecture Slides*iPod Content Key Concepts and Skills Know the basic types of financial management decisions and the role of the financial manager Know the financial implications of the different forms of business organization Know the goal of financial management Understand the conflicts of interest that can arise between owners and managers Understand the various types of financial markets Chapter Outline Corporate 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 Corporate Finance Some important questions that are answered using finance: What long-term investments should the firm take on? Where will we get the long-term financing to pay for the investment? How will we manage the everyday financial activities of the firm? Financial Management Decisions Capital budgeting What long-term investments or projects should the business take on? Capital structure How should we pay for our assets? Should we use debt or equity? Working capital management How do we manage the day-to-day finances of the firm? 财务管理的基本涵义 财务的涵义 客观地存在于企业生产经营活动中的与资金运动或现金流动相关的事务. 与现金流动相关的各项活动（财务活动）---筹资、投资、使用、收回、分配等 财务管理：根据财经法规，按照财务管理原则，组织财务活动，处理财务关系的一项经济管理工作。 The Firm and the Financial Markets Financial Manager Financial managers try to answer some or all of these questions The top financial manager within a firm is usually the Chief Financial Officer (CFO) Treasurer – oversees cash management, credit management, capital expenditures, and financial planning Controller – oversees taxes, cost accounting, financial accounting and data processing Hypothetical Organization Ch