合肥工业大学财务管理原理双语课件Chapter1 The Role of FM.ppt

Chapter 1 Fundamentals of Financial Management For Students 2005’ Compiled by M. H. Wang An Introduction to the Main Courses of FM Fundamentals of Financial Management: The Base of FM The goal of FM Environments of FM Basic tools of FM: time value and risk assessment Basic techniques of FM: valuation techniques and financial analysis An Introduction to the Main Courses of FM Corporate Finance: Main contents of FM Working capital management Investment decisions Financing Decisions Dividend Policies An Introduction to the Main Courses of FM Advanced FM: Some special issues of FM Merger and Acquisition International FM Financial Regulation of a corporate group Etc. Some Advice on how to study the course Prepare your lessons and make notes before you go to class, write down what you do not understand and ask teacher or other classmates Make an intensive reading, not an extensive one Make sure every concept and conclusion in the book, but not every word Try to answer every question in the book Review regularly Reference books James van Horne: Financial Management and policy. 11th edition. Translated by Liu Zhiyuan. Mechanic Industry Press CPA Examination book: Financial and Cost Management Brigham and Ehrhardt: Financial Management: Theory and Practice, 10th edition, China Finance and Economics Press Chapter 1: The Role of FM Study Objectives What is FM The goal of the firm Organization of the FM Increasing Shareholder Value overtime is the bottom line of every move we make ---Roberto Goizueta, Former CEO, the Coca-Cola Company What Does this mean? Why? A brief history about the role of a financial manager Until around the first half of the 1900s, financial managers primarily raised funds and managed their firm’s cash positions As the scale of the firm is on the rising, money is always in great need. A brief history about the role of a financial manager In the 1950s, the increasing acceptance of present value concept encouraged financial managers to expand