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

第二章财务管理基本价值观念 第一节资金的时间价值 一资金时间价值的含义 二资金时间价值的计算 三风险程度的衡量 四作业讲解 第二节风险报酬 一风险报酬的概念 二风险程度的衡量 三风险报酬的计算 四风险投资方案的取舍分析

企业内部业务管理信息化 企业信息化的核心内容,企业信息化的重中之重。 其任务主要包括财务管理、人力资源管理、设备 管理、进销存管理、成本管理、生产管理、计划 统计管理、销售管理等系统的构建