Required Returns and the Cost of Capital Creation of Value Overall Cost of Capital of the Firm Project-Specific Required Rates Group-Specific Required Rates

Capital Budgeting Techniques Project Evaluation and Selection Potential Difficulties Capital Rationing Project Monitoring Post- Completion Audit

Short-Term Financing Spontaneous Financing Negotiated Financing Factoring Accounts Receivable Composition of Short--term Financing

Cash and Marketable Securities Management Motives for Holding Cash Speeding Up Cash Receipts Cash Payouts Electronic Commerce

Fund Analysis, Cash-Flow Analysis, and Financial Planning Flow of Funds(Sources and Uses) Statement Accounting Statement of Cash-Flows- ash- Flow Forecasting Range of Cash-Flow- Estimates Forecasting Financial Statements

Risk and Return Defining Risk and Return Using Probability Distributions to Measure Risk Attitudes Toward Risk Risk and Return in a Portfolio Context Diversification The Capital Asset Pricing Model(cM)

Financial Reporting Environment Regulators Industry Alternative Information Practices Sources Economy and Industry Information

Current Asset Introduction Classification Current (short- Noncurrent term)Assets (Long-Term) Assets Resources or claims to resources that are Resources or claims expected to be sold

Income Measurement Concepts Illustration Facts: Company with$100,000 in cash Buys condo for$100,000 Rents condo for $12,000 per year End of the first year: Condo valued at

广东财经大学：《财务管理学》课程教学大纲 Financial Management