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Chapter 1 - the role of financial management

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Prafulla Tekriwal
Prafulla Tekriwal
Economy & FinanceBusiness
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Chapter 1 The Role of Financial Management © Pearson Education Limited 2004 Fundamentals of Financial Management, 12/e Created by: Gregory A. Kuhlemeyer, Ph.D. Carroll College, Waukesha, WI
After studying Chapter 1, you should be able to: ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
The Role of Financial Management ,[object Object],[object Object],[object Object],[object Object]
What is Financial Management? ,[object Object]
Investment Decisions ,[object Object],[object Object],[object Object],Most important of the three decisions.
Financing Decisions ,[object Object],[object Object],[object Object],[object Object],Determine how the assets (LHS of balance sheet) will be financed (RHS of balance sheet).
Asset Management Decisions ,[object Object],[object Object],[object Object]
What is the Goal of the Firm? ,[object Object],[object Object]
Shortcomings of Alternative Perspectives ,[object Object],[object Object],[object Object],[object Object],[object Object]
Shortcomings of Alternative Perspectives ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Strengths of Shareholder Wealth Maximization ,[object Object],[object Object]
What companies say about their corporate goal* ,[object Object],[object Object],[object Object],[object Object],[object Object]
The Modern Corporation ,[object Object],Modern Corporation Shareholders Management
Role of Management ,[object Object],Management acts as an agent for the owners (shareholders) of the firm.
Agency Theory ,[object Object],[object Object]
Agency Theory ,[object Object],[object Object]
Social Responsibility ,[object Object],[object Object],[object Object]
Corporate Governance ,[object Object],[object Object],[object Object]
Board of Directors ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Sarbanes-Oxley Act of 2002 ,[object Object],[object Object],[object Object],[object Object]
Organization of the Financial Management Function Board of Directors President (Chief Executive Officer) Vice President Operations Vice President Marketing VP of Finance
Organization of the Financial Management Function Treasurer Capital Budgeting Cash Management Credit Management Dividend Disbursement Fin Analysis/Planning Pension Management Insurance/Risk Mngmt Tax Analysis/Planning VP of Finance Controller Cost Accounting Cost Management Data Processing General Ledger Government Reporting Internal Control Preparing Fin Stmts Preparing Budgets Preparing Forecasts
Texas Instruments BAII+ ,[object Object],[object Object],[object Object]
Change Display Setting ,[object Object],[object Object],[object Object],[object Object],[object Object]
Change Periods per Year Setting ,[object Object],[object Object],[object Object],[object Object],[object Object]

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Chapter 1 - the role of financial management

  • 1. Chapter 1 The Role of Financial Management © Pearson Education Limited 2004 Fundamentals of Financial Management, 12/e Created by: Gregory A. Kuhlemeyer, Ph.D. Carroll College, Waukesha, WI
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  • 21. Organization of the Financial Management Function Board of Directors President (Chief Executive Officer) Vice President Operations Vice President Marketing VP of Finance
  • 22. Organization of the Financial Management Function Treasurer Capital Budgeting Cash Management Credit Management Dividend Disbursement Fin Analysis/Planning Pension Management Insurance/Risk Mngmt Tax Analysis/Planning VP of Finance Controller Cost Accounting Cost Management Data Processing General Ledger Government Reporting Internal Control Preparing Fin Stmts Preparing Budgets Preparing Forecasts
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