ActSc615_Lecture 5_

ActSc615_Lecture 5_ - ActSc 371 Corporate Finance 1...

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9/19/2011 1 Lecture 5 Sections 3.1-and 3.2 from Chapter 3: Introduction to Corporate Finance (Corporate Finance by Ross et al.) ActSc371 –Corporate Finance 1 Instructor: Dr. LysaPorth 1 Introduction Introduction to Corporate Finance 3.1 What is Financial Planning? 3.2 A Financial Planning Model: The Ingredients 2 Financial Planning and Growth Introduction Chapter 2 discussed the past and present position of the firm. Chapter 3 outlines the future direction and planning of the company. Corporate financial planning establishes guidelines for change in the firm. Identification of the firm’s financial goals Analysis of the differences between these goals and the current financial status of the firm. Statement of the actions needed for the firm to achieve its financial goals. Types of considerations in financial planning that lead to growth, profitability, and shareholder value: Investment opportunities the firm decides to take. Amount of debt the firm chooses to take. Amount of cash the firm decides to pay shareholders. 3 Accounting Statements and Cash Flow 3.1 What is Financial Planning Financial planning is the method in achieving financial goals. Financial plan: statement of what is to be done in the future.
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