Topic 1 - v Learning Objective Why Study Finance The four...

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Unformatted text preview: v Learning Objective Why Study Finance The four types of Firms Financial Statement Definition The Balance Sheet and analysis ratios The Income Statement and analysis ratios The Statement of Cash Flows Topic 1 Introduction of Corporate Finance and Financial Statement References Berk,J. ,Demarzo,P. and Harford,J.,2009, Fundamentals of Corporate Finance , Pearson Eduation, Chapter 2. Why study finance? To make financial decision for Personal finances in daily life Busisness career Using Valuation Principle to compare benefits and costs of any options in decision making Obtain the skills to make comparisons among loan options, investments and projects to be confident fianancial consumer and manager Four types of firms Sole Proprietorship Partnership Limited Liability Companies Corporations Sole Proprietorship Owned and run by only one owner Usually small with few employees if any Owner has unlimited personal liability to firms debt Partnerships Owned and run by more than one owner All partners are liable for the firms debt The partnership aneds in envent of the death or withdrawal of any single partner Partners acan avoid liquidation if the partnership agreement provides for alternatives such as a buyout of a deceased or withdrawn partner. Limited Liability Companies All the owners have limited liability to firms debt Corporations...
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This note was uploaded on 12/17/2011 for the course B.A 13 taught by Professor Cr during the Spring '11 term at Haverford.

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Topic 1 - v Learning Objective Why Study Finance The four...

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