Chap 1: introduction to Financial management

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iGCSE Geography

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The Great Depression of the 1930s

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THE GOALS AND FUNCTIONS OF FINANCIAL MANAGEMENT

par Allison Villarreal

Epidemiology

par Michelle Prentice

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