Capital Budgeting: the process of planning for purchases of long-term assets. example Our firm must decide whether to purchase a new plastic molding machine for $127,000 How do we decide? Will the machine be profitable? Will our firm earn a high rate of return on the investment?

Where we've been. Basic Skills:(Time value of money, Financial Statements) Investments: (Stocks, Bonds, Risk and Return) Corporate Finance: (The Investment Decision- Capital Budgeting)

0: What are SECURITIes? A: Financial assets that Investors purchase hoping to earn a high rate of return

Balance sheet Current Current Assets Liabilities Debt and Fi Ixed Preferred Assets Shareholders

Working-Capital Management Current assets cash, marketable securities, inventory accounts receivable Long- Term Assets equipment, buildings, land Which earn higher rates of return? Which help avoid risk of illiquidity?

岗位名称： 财务管理部经理 直接上级： 财务总监 直接下级：

现代企业人力资源管理 现代企业财务管理 现代企业物流管理 现代企业电子商务 现代企业技术管理

第四章 企业经营思想与战略 第五章 市场营销 第六章 财务管理 第七章 人力资源开发与管理 第八章 企业文化

一、现金流量与时间价值 二、Excel财务函数 三、债券价值评估 四、股票价值评估

一、财务报表分析概述 二、财务比率分析 三、现金流量与风险分析