The Role and Environment of Managerial Finance（的角色和环境管理财务）.pdfVIP

1 The Role and Environment of Managerial Finance Why This Chapter Learning Goals Matters to You LG Define finance, its major areas and In Your Professional Life 1 opportunities, and the legal forms Accounting: You need to understand the relationships between the of business organization. firm’s accounting and finance functions; how the financial statements you prepare will be used; business ethics; agency costs and why the LG Describe the managerial finance firm must bear them; and how to calculate the tax effects of proposed 2 function and its relationship to transactions. economics and accounting. Information systems: You need to understand the organization of the firm; why finance personnel require both historical and projected data; LG Identify the primary activities of the and what data are necessary for determining the firm’s tax liability. 3 financial manager. Management: You need to understand the legal forms of business LG Explain the goal of the firm, organization; the tasks that will be performed by finance personnel; 4 corporate governance, the role of the goal of the firm; management compensation; ethics in the firm; the agency problem; and the role of financial institutions and markets. ethics, and the agency issue. Marketing: You need to understand how the activities you pursue LG Understand financial institutions will be affected by the finance function, such as the firm’s cash and 5 and markets, and the role the