によって Jackie wliang 4か月前.
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Chap 1: introduction to Financial management
Financial management plays a crucial role in the smooth functioning and success of a business, focusing on maximizing shareholder wealth and managing assets effectively. It involves making strategic decisions in financing, investment, and dividend distribution.
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Chap 1: introduction to Financial management Ways to overcome cash shortages钱不够(有4个) Obtain financing(borrows) Sells assets/investment Accelerate增加 cash inflows Postpon延迟 cash outflows Cash flow problem有4个
做生意亏,东西起价,要做大生意,季节性生意 Seasonal business (sales) Growth Inflation
Business loss Motives of holding cash 有3个 Speculative Precautionary
Transaction
Financial Manager responsibilities/Roles 有5个 Risk management Dealing with the financial markets Coordination& control Investment decisions & financing decisions
Forecasting& planning Factor affect stock/share price Riskiness of expected cash flow Timing of cash flow Cash flow Non financial objectives Establish effective communication with customers, supplier, employees , direct economic link Establish brands& quality standards , practice good ethics Preserve照顾 wellbeing stakeholder , xharm interest Main objective/Goal Shareholder's wealth maximisation profit maximisation Financial objectives Activities or decision Dividend Investment Financing Financial management meaning Concern acquisition, financing & management of assets Financial manager,manage financial activities maximise shareholders health
