公司理财精要Chap001PPT格式课件下载.ppt

公司理财精要Chap001PPT格式课件下载.ppt

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CORPORATEFINANCEWANGDONG,LecturerInternationalBusinessFacultyEmail:

@#@Aboutme王东Mischa-SunYat-SenUniversity,BScinFinance（中山大学岭南学金融本科）-UniveristyofQuneesland（Australia）,MScinAppliedFinance（澳大利亚昆士兰大学金融硕士）-CityUniveristyofMacau,DBACandidate澳门城市大学工商管理博士在读-Coursestaught:

@#@Financialaccounting财务会计Financialreports财务报告Macroeconomics宏观经济学*21-3CourseDescriptionThisclassistoconveythemostimportantconceptsandprinciplesofcorporatefinanceatanundergraduatelevelandretainthethreebasicthemesasthecentralfocus1-4Focus1Anemphasisonintuition-explaintheprinciplesatworkonacommonsense,intuitivelevelbeforelaunchingintospecifics.Underlyingideasarediscussedfirstingeneralterms,thenfollowedbyspecificexamplesthatillustrateinmoreconcretetermshowafinancialmanagermightproceedinagivensituation1-5Focus2Aunifiedvaluationapproach-NetPresentValueistreatedasthebasicconceptunderlyingcorporatefinance.Everysubjectcoveredisfirmlyrootedinvaluation,andcareistakentoexplainhowdecisionshavevaluationeffects.1-6Focus3Amanagerialfocus-Studentslearnthatfinancialmanagementconcernsmanagement.Theroleoffinancialmanagerasdecisionmakerisemphasizedandtheystresstheneedformanagerialinputandjudgment.1-7RequiredReadingsTextbook:

@#@EssentialsofCorporateFinance，SixthEdition，StephenA.Ross，RandolphW.Westerfield，BradfordD.Jordan,McGrawHillRecommendedReadings:

@#@Financialnewsfromwebsiteslikefollowing:

@#@http:

@#@/GradePointsAssignment50%Finalexam50%Total100%1-9CalculatorsStudentsarerequiredtohaveonefinancialcalculator.Themodel“TexasInstrumentsBAIIPlus”isstronglyrecommended.Formoreinformation,pleasevisitthefollowingwebsite:

@#@http:

@#@/FeaturesoftheCourse:

@#@ThecomputerskillofMSExcelisessentialtotheclass.ThetechniqueofusingMSExcelandfinancialcalculatorwillbedemonstratedintheclass.1-11ClassDiscussionandReadingSchedulePartone.OverviewofFinancialManagementCh.1IntroductiontoFinancialManagementParttwo.UnderstandingFinancialStatementsandCashFlowCh.2FinancialStatements,Taxes,andCashFlowCh.3WorkingwithFinancialStatementsPartthree.ValuationofFutureCashFlowsCh.4IntroductiontoValuation:

@#@TheTimeValueofMoneyCh.5DiscountedCashFlowValuationPartfour.ValuingStocksandBondsCh.6InterestRatesandBondValuationCh.7EquityMarketsandStockValuationPartfive.CapitalBudgetingCh.8NetPresentValueandOtherInvestmentCriteriaCh.9MakingCapitalInvestmentDecisionsPartsix.RiskandReturnCh.10RiskandReturnPartseven.Long-TermFinancingCh.11CostofCapitalCh.12LeverageandCapitalStructure1-12Copyright2011bytheMcGraw-HillCompanies,Inc.Allrightsreserved.McGraw-Hill/Irwin1-13ChapterOutline1.1Finance:

@#@AQuickLook1.2BusinessFinanceandTheFinancialManager1.3FormsofBusinessOrganization1.4TheGoalofFinancialManagement1.5TheAgencyProblemandControloftheCorporation1.6FinancialMarketsandtheCorporationRWJwebsite1-14KeyConceptsandSkillsHaveagoodunderstandingof:

@#@ThebasictypesoffinancialmanagementdecisionsandtheroleofthefinancialmanagerThegoaloffinancialmanagementThefinancialimplicationsofthedifferentformsofbusinessorganizationTheconflictsofinterestthatcanarisebetweenownersandmanagers1-15BasicAreasOfFinance1.Corporatefinance=BusinessFinance2.Investments3.Financialinstitutions4.InternationalfinanceReturntoQuickQuiz1-16InvestmentsWorkwithfinancialassetssuchasstocksandbondsValueoffinancialassets,riskversusreturn,andassetallocationJobopportunitiesStockbrokerorfinancialadvisorPortfoliomanagerSecurityanalyst1-17FinancialInstitutionsCompaniesthatspecializeinfinancialmattersBankscommercialandinvestment,creditunions,savingsandloansInsurancecompaniesBrokeragefirmsJobopportunities1-18InternationalFinanceAnareaofspecializationwithineachoftheareasdiscussedsofarMayallowyoutoworkinothercountriesoratleasttravelonaregularbasisNeedtobefamiliarwithexchangeratesandpoliticalriskNeedtounderstandthecustomsofothercountries;@#@speakingaforeignlanguagefluentlyisalsohelpful1-19BasicAreasOfFinance1-20WhyStudyFinance?

@#@MarketingBudgets,marketingresearch,marketingfinancialproductsAccountingDualaccountingandfinancefunction,preparationoffinancialstatementsManagementStrategicthinking,jobperformance,profitabilityPersonalfinanceBudgeting,retirementplanning,collegeplanning,day-to-daycashflowissues1-21BusinessFinanceSomeimportantquestionsthatareansweredusingfinanceWhatlong-terminvestmentsshouldthefirmtakeon?

@#@Wherewillwegetthelong-termfinancingtopayfortheinvestments?

@#@Howwillwemanagetheeverydayfinancialactivitiesofthefirm?

@#@1-22FinancialManagerFinancialmanagerstrytoanswersome,orall,ofthesequestionsThetopfinancialmanagerwithinafirmisusuallytheChiefFinancialOfficer（