ETM3-Chap01

ETM3-Chap01 - ETM3: Chapter 1 Click to edit Master subtitle...

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Click to edit Master subtitle style Copyright 2011 - The Resource Alliance - All Rights Reserved ETM3: Chapter 1 The Role and Organization of Treasury Management
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Copyright 2011 - The Resource Alliance - All Rights Reserved Overview of Chapter Topics Introduction to the Study of Treasury Management The Role of Treasury Management Finance and Treasury Organization Treasury/Finance Organization Structure Corporate Governance 22 Copyright 2011 - The Resource Alliance - All Rights Reserved
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Copyright 2011 - The Resource Alliance - All Rights Reserved Introduction to the Study of The objective of all business decisions should be to increase the economic value of the business This goal applies to treasury responsibilities and decisions just as it does to other areas of a firm’s finance operations. Economic value in the marketplace is tied directly to financing performance – financial 33 Copyright 2011 - The Resource Alliance - All Rights Reserved
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Copyright 2011 - The Resource Alliance - All Rights Reserved Introduction to the Study of A treasury professional has to weigh considerations of cost, efficiency, risk and expected return on investment when choosing among treasury management tools, investment and borrowing alternatives, as well as making decisions that affect the timing of cash flows. The treasury professional must make choices with an understanding of their 44 Copyright 2011 - The Resource Alliance - All Rights Reserved
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Copyright 2011 - The Resource Alliance - All Rights Reserved The Role of Treasury Treasury and Its Relationship to the Corporate Finance Function Treasury Management Objectives Trends in Treasury 55 Copyright 2011 - The Resource Alliance - All Rights Reserved
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Copyright 2011 - The Resource Alliance - All Rights Reserved Treasury and Corporate Shareholders are the owners Managers should work for the benefit of the owners General financial management goal is to maximize the value of the common stock Management should select assets that 66 Copyright 2011 - The Resource Alliance - All Rights Reserved
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Copyright 2011 - The Resource Alliance - All Rights Reserved Role of Treasury In the short-term: perform critical liquidity management tasks daily to ensure the availability of adequate cash resources needed to sustain ongoing operational activities
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ETM3-Chap01 - ETM3: Chapter 1 Click to edit Master subtitle...

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