Chapter 01 Financial Management

Chapter 01 Financial Management - Financial Management ADM...

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1 Financial Management ADM 2350 Professor: Dr. William F. Rentz
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2 Bio of Professor Rentz Past Chair, Pension Plan Committee Co-author of course textbook Co-author of Managerial Economics text Co-author of Engineering Economics text B.S. in Electrical Engineering
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3 ADM 2350 Chapter 1 The key topics of this course are: Time Value of Money (DCF) Cost of Capital Working Capital Management
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4 Introduction Forms of Business Organization Shareholder Wealth Maximization Agency Problems Net Present Value Rule Financial Management Function Careers in Finance
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5 Principal Forms of Business Organizations Sole proprietorship Partnership Corporation
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6 Sole Proprietorship Owned by one person Easy formation advantage Unlimited liability disadvantage Difficulty raising funds disadvantage Represent majority of all businesses
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7 Partnership Owned by two or more persons Classified as general or limited Partnership dissolves when a general partner dies disadvantage
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8 Liability of Partners General Partner Has unlimited liability for all obligations of the business disadvantage Limited Partner Liability limited to the partnership agreement advantage
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9 Corporation Limited liability Permanency
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Chapter 01 Financial Management - Financial Management ADM...

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