Fundamentals of Corporate Fianance (7 edition) 公司理财 复习提纲.doc

公司理财 复习 Chapter 1 Capital Budgeting Decision (Investment Decision):投资决策 Decision to invest in tangible or intangible assets. Capital Structure: The mix of long term debt and equity financing. The Financing Decision:融资决策 The form and amount of financing of a firm’s investment. To raise the money that the firm requires for its investment and operation. Real Assets: 实际资产，不动产 Assets used to produce goods and services. Financial Assets: 金融资产 Financial claims to the income generates by the firm’s real assets. （比如：the share of stock, a bank loan, securities） Types of Business Organizations: Sole Proprietorships:（好处：unlimited liabilities,） Partnerships:（好处：pool money, unlimited liabilities, tax advantage, ） Corporations: Limited Liability Partnerships（limited） Agency Problems：代理问题 Managers are agents for stockholders, but the managers may act in their own interests rather than maximizing value. Chapter 3: The Balance Sheet: 资产负债表 A financial statement that shows the firm’s assets and liabilities at a particular time. Assets represent the uses of a firm’s funds Liquid Asset – An asset that can be easily converted into cash. 容易转为现金 Note: The balance sheet places the most liquid assets at the top of the list and concludes with the least liquid asset at the bottom. Liquidity (Most(Least): Marketable Securities, Accounts Receivable, Inventories Current Asset – Assets that are likely to be used or turned into cash in the near future (usually within the next 12 months).未来可能被使用或转为现金 Examples: include accounts receivable inventories.包括应收账款和存货 Current Asset: Unsold Inventories Fixed Assets –Tangible Assets, Intangible Assets, Goodwill Liabilities represent the sources of a firm’s funding Current Liabilities – Liabilities that are likely to be paid off within the next 12 months. Examples: accounts payable, debt due for repayment. 包括应付帐款和债务 Long-Term Liabilities – Liabilities that are not likely to be paid off within the next 12 months. 不需要在未来12个月内支付的债务 GAAP (Generally Accepted Ac