Chap 1: introduction to Financial management
Financial management meaning
Activities or decision
Main objective/Goal
Non financial objectives
Preserve照顾 wellbeing stakeholder , xharm interest
Establish brands& quality standards , practice good ethics
Establish effective communication with customers, supplier, employees , direct economic link
Factor affect stock/share price
Financial Manager responsibilities/Roles 有5个
Motives of holding cash 有3个
Cash flow problem有4个
做生意亏,东西起价,要做大生意,季节性生意
Business loss
Inflation
Growth
Seasonal business (sales)
Ways to overcome cash shortages钱不够(有4个)
Postpon延迟 cash outflows
Accelerate增加 cash inflows
Sells assets/investment
Obtain financing(borrows)