ch17-pp - Learning Objectives-Chapter 17 s Identify the...

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Learning Objectives-Chapter 17 Identify the responsibilities of a financial manager. Discuss how financial managers improve a company's cash flow. Differentiate between a master budget and capital budget. Cite three things financial managers must consider when selecting an appropriate funding vehicle. Identify five common types of debt financing. Explain how consolidation is impacting the banking industry. Identify four ways the Federal Reserve System influences the U.S. money supply.
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Financial Management Involves Developing and Implementing a FINANCIAL PLAN : A forecast of financial requirements and the financing sources to be used. Developing a BUDGET : Planning and control tool that reflects expected revenues, operating expenses, and cash receipts and outlays.
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Financial Management Involves Financing the enterprise: 1. Short-term financing: Financing used to cover current expenses (generally repaid within a year). 2. Long-term financing: Financing used to cover long-term expenses such as assets (generally repaid over a period of more than one year).
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Two Objectives in Preparing Financial Plans Achieving a positive cash flow . Efficiently investing excess cash flow or cash reserves .
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One way Financial Managers improve a company’s cash flow is by monitoring its working capital accounts .
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