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

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

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)

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?

Security valuation In general, the intrinsic value of an asset= the present value of the stream of expected cash flows discounted at an appropriate required rate of return

Chapter 6: Objectives Inflation and rates of return How to measure risk (variance, standard deviation, beta) How to reduce risk (diversification) How to price risk (Security market line, CAPM)

Financial forecasting 1) Project sales revenues and expenses

Income statement SALES EXPENSES PROFIT

报表系统是计算机会计信息系统中的 一个重要子系统。报表系统能快速及时的 编制会计报表,使得企业管理者、债权人 、投资人、财政税收部门等能及时全面地 了解企业的经营成果和财务状况

1.掌握管理会计的定义 2.了解管理会计在企业管理中的主要作用 3.了解管理会计和财务会计之间的异同 4.学会区分成本、费用和支出 5.能够进行成本性态分析