Financial+Statement+Analysis财务报表分析.pdfVIP

FINANCE – FINANCIAL FINANCE – FINANCIAL STATEMENT ANALYSIS STATEMENT ANALYSIS 1 1 Course Objectives Course Objectives Accounting and Financial Analysis Tools Accounting and Financial Analysis Tools Financial Statement Analysis Financial Statement Analysis Projected Financial Statements and Cash Budgets Projected Financial Statements and Cash Budgets The Financing Decision The Financing Decision How Much Debt should a company have? How Much Debt should a company have? What is the cost of capital? How do we estimate it? What is the cost of capital? How do we estimate it? Other pros and cons of debt v. equity. What is an IPO? Other pros and cons of debt v. equity. What is an IPO? The Investment Decision The Investment Decision How do we value a real investment proposal? How do we value a real investment proposal? How do we value the firm? How do we value the firm? Major corporate transactions Major corporate transactions What is Risk Management? What is Risk Management? 2 2 Outline – Lecture 1 Outline – Lecture 1 Review of Basic Finance Review of Basic Finance The Corporation The Corporation The Accounting Model The Accounting Model Cash Flows Cash Flows Financial Statement Analysis Financial Statement Analysis Sapparel Company Sapparel Company 3 3 Review of Basic Finance Review of Basic Finance Rates of Return