1理解企业财务管理的目标和企业目标的关系： 2理解利益相关者对财务管理目标的影响： 3了解非盈利组织财务管理目标。 (二)教学内容 第一节1主要内容 (1)The nature and purpose of financial management Financial management can be defined as the management of the finances of an organization in order to achieve the financial objectives of the orgnisation Setting financial objectives √Deciding on: proposed investments funding sources -distribution of eamnings Controlling resources Managing risk Overall goals cascaded down through the organization Corporate objective一→corporate strategy Business objectives-business strategy Operations objectives -objectives strategy Corporate objectives are relevant for the organization as a whole.relating to key factors for business success 3)Financial objectives Shareholder wealth maximization deemed main/primary objective Profit maximization focus on short-term gain) Earnings per share grown(common objective but still based on profits) Maximizing and satisfying (distinction between achieving maximum returns and simply achieving enough to satisfy shareholders) A restriction on the company's level of gearing ordebt A target for profit retention A target for operating profitability (4)Maximization of shareholder wealth Investment decision New projects (positive NPV investments should increase the share price) Acquisitions Working capital >Financing decision (using appropriate levels of debt finance) 1.理解企业财务管理的目标和企业目标的关系； 2.理解利益相关者对财务管理目标的影响； 3.了解非盈利组织财务管理目标。 （二）教学内容 第一节 1.主要内容 (1) The nature and purpose of financial management Financial management can be defined as the management of the finances of an organization in order to achieve the financial objectives of the orgnisation. ✓ Setting financial objectives ✓ Deciding on : --------- proposed investments --------- funding sources --------- distribution of earnings ✓ Controlling resources ✓ Managing risk (2) Financial objectives and the relationship with corporate strategy Strategy ✓ Overall goals cascaded down through the organization Corporate objective →corporate strategy ↓ Business objectives →business strategy ↓ Operations objectives →objectives strategy ✓ Corporate objectives are relevant for the organization as a whole, relating to key factors for business success. (3) Financial objectives ✓ Shareholder wealth maximization ( deemed main/primary objective ) ✓ Profit maximization ( focus on short-term gain) ✓ Earnings per share grown( common objective but still based on profits) ✓ Maximizing and satisfying ( distinction between achieving maximum returns and simply achieving enough to satisfy shareholders) ✓ A restriction on the company’s level of gearing ordebt ✓ A target for profit retention ✓ A target for operating profitability (4) Maximization of shareholder wealth: ➢ Investment decision ✓ New projects (positive NPV investments should increase the share price) ✓ Acquisitions Working capital ➢ Financing decision (using appropriate levels of debt finance)