Xem mẫu
Chapter 1
Introduction
Copyright 2006 McGraw-Hill Australia Pty Ltd
PPTs t/a Business Finance 9e by Peirson, Brown, Easton, Howard and Pinder 1–1
Prepared by Dr Buly Cardak
Learning Objectives
• Identify the major types of business entity.
• Explain the role of the financial manager.
• Specify the objective that is necessary to ensure the financial manager makes rational investment and financing decisions.
• Identify the major financial decisions made by the managers of business entities.
• Identify and explain the basic concepts of finance.
Copyright 2006 McGraw-Hill Australia Pty Ltd
PPTs t/a Business Finance 9e by Peirson, Brown, Easton, Howard and Pinder 1–2
Prepared by Dr Buly Cardak
The Nature of Business Finance
• Broad aspects of finance
– Corporate finance: the financial management of companies.
– Financial institutions and markets. – Investments.
• Focus is mainly on corporate finance, but also considers financial institutions and markets, and investments.
Copyright 2006 McGraw-Hill Australia Pty Ltd
PPTs t/a Business Finance 9e by Peirson, Brown, Easton, Howard and Pinder 1–3
Prepared by Dr Buly Cardak
Financial Decisions
• Major financial decisions are:
– Investment decisions — decisions that determine the asset profile of a business (amount and composition of investments).
– Financing decisions — how the assets are to be funded (debt and equity). Financing decisions also involve dividend decisions.
• Ultimate objective of investment and financing decisions is to maximise the owners’ wealth.
Copyright 2006 McGraw-Hill Australia Pty Ltd
PPTs t/a Business Finance 9e by Peirson, Brown, Easton, Howard and Pinder 1–4
Prepared by Dr Buly Cardak
Business Structures
• Sole proprietorship
– Business owned by one person.
• Partnership
– Business owned by two or more people acting as partners.
• Company
– Separate legal entity formed under the Corporations Act 2001.
• Focus is on financial decision making by managers of public companies.
Copyright 2006 McGraw-Hill Australia Pty Ltd
PPTs t/a Business Finance 9e by Peirson, Brown, Easton, Howard and Pinder 1–5
Prepared by Dr Buly Cardak
...
- tailieumienphi.vn
nguon tai.lieu . vn