财务管理英文课件chapter 1.ppt

Fundamentals of Financial Management Eleventh Edition Slides by Wu Xiaolan Course objective The Objective of this course is to introduce the student to both the theory and the practice of corporate finance and investment. For students intending to do further work in Finance, this course will lay the basic foundation of concepts used in advanced courses. Outline of the Text Part I: Introduction to Financial Management Part II: Valuation Part III: Tools of Financial Analysis and Planning Part IV: Working Capital Management Part V: Investment in Capital Assets Part VI: The Cost of Capital , Capital Structure, and Dividend Policy Part VII: Intermediate and Long-term Financing Books of Reference Arthur J. Keown , David F. Scott, John D. Martin, Jay William Petty, 朱武祥译，现代财务管理基础，北京：清华大学出版社，1997年。（国外工商管理硕士（MBA）优秀教材译丛） Stephen A. Ross, Randolph W. Westerfield, Jeffrey F. Jaffe, 吴世农、沈艺峰等译，公司理财（第5版），北京：机械工业出版社，2000年。 夏新平，公司财务管理，武汉：华中理工大学出版社，1995年。 王化成，企业财务学，北京：中国人民大学出版社，1994年。 Evaluation Performance in Classes 10 % Assignments 20 % Final Examination 70 % 100 % Chapter 1 The Role of Financial Management Chapter Objectives Understand what financial management is. Outline the possible goals of a firm and the problems associated with each. Explain the agency problem. Outline the organization of the financial management function. What is Financial Management? Corporate finance attempts to find the answers to the following questions: What investments（投资） should the firm take on? THE INVESTMENT DECISION How can cash be raised for the required investments? THE FINANCING DECISION Should existing assets be managed? ASSET MANAGEMENT DECISION Investment Decisions What is the optimal firm size? What specific assets should be acquired? What assets (if any) should be reduced or eliminated? Financing Decisions What is the b