公司金融概述課件-全文預(yù)覽
【正文】 外部接管市場的約束機(jī)制? 職業(yè)經(jīng)理人市場的競爭機(jī)制? outside auditing （外部審計(jì)）29三、基本財(cái)務(wù)報(bào)表? 資產(chǎn)負(fù)債表 （BALANCE SHEET）? 損益表 （THE STATEMENT OF INCOME）? 現(xiàn)金流量表 （THE STATEMENT OF CASH FLOW）30資產(chǎn)負(fù)債表31The Balance Sheet? An accountant’s snapshot of the firm’s accounting value as of a particular date.? The Balance Sheet Identity is: (會(huì)計(jì)恒等式 )Assets ≡ Liabilities + Stockholder’s Equity資產(chǎn) ≡ 負(fù)債 + 股 東權(quán) 益32The Balance Sheet of the . Composite Corporation(in $ millions)20X2 and 20X1Balance Sheet. COMPOSITE CORPORATIONLiabilities (Debt)Assets 20X2 20X1 and Stockholder39。 國務(wù)院確定的生產(chǎn)特殊產(chǎn)品的公司或者屬于特定行業(yè)的公司，應(yīng)當(dāng)采取國有獨(dú)資公司形式。? 第三條 有限責(zé)任公司和股份有限公司是企業(yè)法人。2第一章第一章 概述概述一、關(guān)于 FINANCE二、企業(yè)的組織形式三、基本財(cái)務(wù)報(bào)表四、公司投資的概念3一、關(guān)于 FINANCE? Public Finance (Public Economics) 財(cái)政學(xué) （公共經(jīng)濟(jì)學(xué) ）? Bank Finance (Moary and Banking) 金融學(xué) （貨幣銀行學(xué) ）? International Finance（ International Economics) 國際金融 （國際經(jīng)濟(jì)學(xué)）? Corporate Finance 公司金融 （公司理財(cái) ）? Personal Finance 個(gè)人理財(cái) 4關(guān)于 FINANCE? Financial Economics 金融經(jīng)濟(jì)學(xué) (經(jīng)濟(jì)學(xué)、財(cái)政經(jīng)濟(jì)學(xué)、保險(xiǎn)經(jīng)濟(jì)學(xué)等）? Investment 投資學(xué) (有價(jià)證券投資 )? Corporate Finance 公司金融（公司理財(cái)）5What is Corporate Finance？? Corporate finance is a specific area of finance that analyzes the financial decisions of corporations.6What is Corporate Finance?Corporate Finance addresses the following three questions（ 公司金融探討以下三個(gè)方面問題 ）1. What longterm investments should the firm engage in?（ 公司應(yīng)該投資于什么樣的長期資產(chǎn)項(xiàng)目）2. How can the firm raise the money for the required investments?（公司如何籌集投資支出所需要的資金）3. How much shortterm cash flow does a pany need to pay its bills?（公司需要多大的現(xiàn)金流來應(yīng)對(duì)支出）7The BalanceSheet Model of the FirmCurrent AssetsFixed Assets1 Tangible2 IntangibleTotal Value of Assets:Shareholders’ EquityCurrent LiabilitiesLongTerm DebtTotal Firm Value to Investors:8Current AssetsFixed Assets1 Tangible2 IntangibleShareholders’ EquityCurrent LiabilitiesLongTerm DebtWhat longterm investments should the firm engage in?The Capital Budgeting Decision（ 資本預(yù)算 ）The BalanceSheet Model of the Firm9How can the firm raise the money for the required investments?The Capital Structure Decision（ 資本結(jié)構(gòu) ）Current AssetsFixed Assets1 Tangible2 IntangibleShareholders’ EquityCurrent LiabilitiesLongTerm DebtThe BalanceSheet Model of the Firm10Capital StructureThe value of the firm can be thought of as a pie.（ 公司價(jià)值可以被假定為一個(gè)餡餅 ）The goal of the manager is to increase the size of the pie.（ 管理者的目標(biāo)就是做大餡餅 ）The Capital Structure decision can be viewed as how best to slice up the pie. （ 資本結(jié)構(gòu)決策就是如何最好地切分餡餅 ）If how you slice the pie affects the size of the pie, then the capital structure decision matters.50% Debt50% Equity25% Debt75% 70% 30%
教學(xué)課件相關(guān)推薦
鄂ICP備17016276號(hào)-1