财务管理英文PPT课件
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That is, the perspective of finance changed from reporting only to outsiders to that of an insider charged with the management and control of the firm’s financial operations.
Slide: 1 - 4
Business failures during the Great Depression of the 1930s helped change the focus of finance.
Increased emphasis was placed on bankruptcy, liquidity management and avoidance of financial problems.
Copyright © 2003 Pearson Education Australia Pty Limited
Slide: 1 - 5
After World War Ⅱ the emphasis of corporate finance switched from financial accounting and external reporting to cost accounting and reporting and financial analysis on behalf of the firm’s managers.
At the turn of the twentieth century financial topics focused on the formation of new companies and their legal regulation and the process of raising funds in the capital markets.
Early 21st century:
Insiders managing and controlling
the firm’s financial operations.
Copyright © 2003 Pearson Education Australia Pty Limited
ห้องสมุดไป่ตู้
Slide: 1 - 3
Copyright © 2003 Pearson Education Australia Pty Limited
Slide: 1 - 6
• Capital budgeting became a major topic in finance.
• This led to an increased interest in related topics, most notably firm valuation.
• Interest in these topics grew and in turn spurred interest in security analysis, portfolio theory and capital structure theory.
Copyright © 2003 Pearson Education Australia Pty Limited
chapter 1 & 3 Scope and environment of
financial management
Copyright © 2003 Pearson Education Australia Pty Limited
Slide: 1 - 1
整体 概述
一 请在这里输入您的主要叙述内容
二
请在这里输入您的主要 叙述内容
三 请在这里输入您的主要叙述内容
Copyright © 2003 Pearson Education Australia Pty Limited
Slide: 1 - 2
Development of Financial Management
Early 20th century:
Concentrated on reporting to outsiders.
Slide: 1 - 7
Typical Finance Structure
Chief Financial Officer
Chief Accountant
Corporate Treasurer
Copyright © 2003 Pearson Education Australia Pty Limited
Slide: 1 - 8
Chief accountant is also called financial controller, whose responsibilities include financial reporting to outsiders as well as cost and managerial accounting and financial analysis on behalf of the firm’s managers.
The company’s secretary was in charge of raising funds and producing the annual reports, as well as the accounting function.
Copyright © 2003 Pearson Education Australia Pty Limited
Corporate treasurer is in charge of raising funds, managing liquidity and banking relationships and controlling risks.
Copyright © 2003 Pearson Education Australia Pty Limited
Slide: 1 - 9
Financial Goal of the Firm
Profit maximisation?
Slide: 1 - 4
Business failures during the Great Depression of the 1930s helped change the focus of finance.
Increased emphasis was placed on bankruptcy, liquidity management and avoidance of financial problems.
Copyright © 2003 Pearson Education Australia Pty Limited
Slide: 1 - 5
After World War Ⅱ the emphasis of corporate finance switched from financial accounting and external reporting to cost accounting and reporting and financial analysis on behalf of the firm’s managers.
At the turn of the twentieth century financial topics focused on the formation of new companies and their legal regulation and the process of raising funds in the capital markets.
Early 21st century:
Insiders managing and controlling
the firm’s financial operations.
Copyright © 2003 Pearson Education Australia Pty Limited
ห้องสมุดไป่ตู้
Slide: 1 - 3
Copyright © 2003 Pearson Education Australia Pty Limited
Slide: 1 - 6
• Capital budgeting became a major topic in finance.
• This led to an increased interest in related topics, most notably firm valuation.
• Interest in these topics grew and in turn spurred interest in security analysis, portfolio theory and capital structure theory.
Copyright © 2003 Pearson Education Australia Pty Limited
chapter 1 & 3 Scope and environment of
financial management
Copyright © 2003 Pearson Education Australia Pty Limited
Slide: 1 - 1
整体 概述
一 请在这里输入您的主要叙述内容
二
请在这里输入您的主要 叙述内容
三 请在这里输入您的主要叙述内容
Copyright © 2003 Pearson Education Australia Pty Limited
Slide: 1 - 2
Development of Financial Management
Early 20th century:
Concentrated on reporting to outsiders.
Slide: 1 - 7
Typical Finance Structure
Chief Financial Officer
Chief Accountant
Corporate Treasurer
Copyright © 2003 Pearson Education Australia Pty Limited
Slide: 1 - 8
Chief accountant is also called financial controller, whose responsibilities include financial reporting to outsiders as well as cost and managerial accounting and financial analysis on behalf of the firm’s managers.
The company’s secretary was in charge of raising funds and producing the annual reports, as well as the accounting function.
Copyright © 2003 Pearson Education Australia Pty Limited
Corporate treasurer is in charge of raising funds, managing liquidity and banking relationships and controlling risks.
Copyright © 2003 Pearson Education Australia Pty Limited
Slide: 1 - 9
Financial Goal of the Firm
Profit maximisation?