THE CASH BUDGET
Financial management- Study Guide- Capital investment trade-off
1. A firm can always give cash back to shareholders.
2. A shareholder can invest in financial markets.
Financial Management Study Guide- Financial Markets and functions
Money markets: Short-term debt securities
Short-term government debt (T-bills, .)
Short-term bank and corporate debt (CDs, CPs, .)
Capital markets: Long-term securities
Financial Management- Study Guide- Objectives of Financial Manager
Factors affecting a firms financial objective:
Maximizing current market value is the only plausible financialobjective.
Current market valu
Financial management- Study Guide- Chapter 1 basics of Financial Management
Introduction to Finance
Part A Introduction to finance.
Financial decisions and financial markets.
Part B Valuation of assets, given discount rat
Financial Management- Class Notes- The Case for Value Maximization
Shareholders financial objectives:
Increase of total wealth
Right allocation of wealth over time
Right allocation of wealth over future contingencies.
Shareholders can do
CHAPTER 2: FINANCIAL STATEMENT AND CASH FLOW ANALYSIS
Accrual based approach
Point of sales and costs when incurred
Cash flow approach
Current and prospective inflows & outflows of
GAAP: Generally accepted a