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Finanças

Finanças. Sept 19, 2006. Topics. Practical information about this course What is this course about?. About the Course. Objective: to introduce basic principles of finance and practical tools for financial decisions. Language: English

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Finanças

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  1. Finanças Sept 19, 2006

  2. Topics • Practical information about this course • What is this course about?

  3. About the Course • Objective: to introduce basic principles of finance and practical tools for financial decisions. • Language: English • Text book: Corporate Finance, Ross, Westerfield and Jaffe, 7th edition • Syllabus and notes online: http://docentes.fe.unl.pt/~qdai/teaching/finance_I.htm Password: finance • Webpage of exercise seminars: http://docentes.fe.unl.pt/~dpm/ • Office hour: Thursday 13-15, MBA building room 302. • Email: qinglei.dai@fe.unl.pt

  4. Evaluation • Mid-term exam: November 14 (optional, 25%) • Case study: • 3-4 students per group. • The groups have to be registered by October 3rd with the teaching assistants. Anyone who fails to register has to do the case study by himself. • Three case study reports (8% each): due on Oct 26, Nov 21 and Dec 7. • Final exam • Jan 17 • Feb 2

  5. What is this course about? • The firm • What do we learn from this course? • The balance sheet model of corporate finance • The role of a financial manager • What is a financial manager • The role • Business organization

  6. Introduction to the Firm • Purpose of the firm: value creation • Does value maximization justify unethical behavior • Enron • WorldCom • Two aspects of corporate finance: • Raise funding • Investment • Balance sheet model of corporate finance

  7. Balance sheet model Capital Structure: V=B+S Capital budegting decision, a.k.a. Investment decision Financing decision: raising funds for investments & operation

  8. Balance sheet model Net working capital Operating cash flow management

  9. Who is The Financial Manager? Financial policy and planning Chief Financial Officer Treasurer Controller Cash management, raising funds, bank relationships Taxes, accounting, and financial reporting

  10. (2) (1) (4a) (4b) (3) (1) Cash raised from investors (2) Cash invested in firm (3) Cash generated by operations (4a) Cash reinvested (4b) Cash returned to investors The Role of The Financial Manager Firm's Financial operations Investors Manager Real assets

  11. Business Organization • Sole proprietorship • Partnership • Corporation

  12. Business Organization

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