财管课件 Financial Management-Chapter01-2013.ppt

Principles ofManagerial Finance;Contents;Learning Goals;1-*;1-*;1 Describe the field of finance;1 Describe the field of finance;1 Describe the field of finance;1 Describe the field of finance;1 Describe the field of finance;? 2012 Pearson Education;Table 1.2 Career Opportunities in Managerial Finance;2 Discuss the duties of financial managers;The Organization of a Typical Corporation;Chief of Financial Officer;3 Identify the basic goal of a business firm;4 List factors that affect the value of a firm;Goal of the Firm: Maximize Shareholder Wealth;Goal of the Firm: Maximize Profit?;4 List factors that affect the value of a firm;;Profits versus Stock Value Stock value depends on future cash flows, their timing, and their riskiness. Profit calculations don’t consider these three factors. Profit is simply the difference between sales revenue and expenses. It is true that more profits are generally better than less profits. But when the pursuit of short-term profits adversely affects the size of future cash flows, their timing, or their riskiness, then these profit maximization efforts are detrimental to the firm.;;5 Discuss the legal and ethical challenges financial managers face;;;;Governance and Agency: Corporate Governance;Governance and Agency: Individual versus Institutional Investors;Governance and Agency: Government Regulation;Governance and Agency: Government Regulation;The Agency Issue: Management Compensation Plans;The Agency Issue: Management Compensation Plans;Matter of Fact—F CEO Performance vs. Pay;The Agency Issue: The Threat of Takeover;;;Financial Managers;6 Identify the different forms of business organization;;;;;;;Characteristics of Business Ownership Forms;Matter of Fact;7 Describe how the U.S. financial system works;;8 Define financial securities;9 Explain the function of financial intermediaries;;;;10 Identify the different financial marketplaces;;;;;;;;;11 Describe the securities traded in the money and capital markets;;;;;;;;;;;;;12 Ide