chapter 18 - Ch-18Describe the importance of finance and...

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Unformatted text preview: Ch-18Describe the importance of finance and financial management to an organization.Explain the responsibilities of the financial manager.Understand what is meant by the time value of money.Explain the difference between debt financing and equity financing, and know the advantages and disadvantages of each. Identify and describe sources of short-term and long-term capital. Financial Management-Planning for the expenditures of funds, knowing how much you’ll need when-Acquiring funds for the firm, including finding a source for capital and debt vs. equity funding. Managing the funds you have, and watching the cash flow especially. I t all about knows the time value of money, or how to get your money to work for you. Money draws interest over time. Whether you owe it or invest it be aware of the power of compounding interest. Understand the use of leverage, i.e. making a smart investment w/borrowed money. The “Money” in your Accounts Receivable is working for someone else—until you collect it. —until you collect it....
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This note was uploaded on 10/03/2011 for the course BUSINESS 111 taught by Professor Schloemer during the Spring '11 term at Miami University.

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chapter 18 - Ch-18Describe the importance of finance and...

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