大二上财务管理课件00introduction

1-1-TheRoleofTheFinancialCapitalBudgeting🙔Decisiontoinvestintangibleorintangible🕛…alsocalledtheInvestmentMcGraw- Copyright©2007byTheMcGraw-HillCompanies,Inc.AllHillCompanies,Inc.AllHillCompanies,Inc.All

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1-1-TheRoleofTheFinancial (3)Cashgeneratedby(4a)Cashreinvested(4b)CashreturnedtoinvestorsMcGraw- Copyright©2007byTheMcGraw-HillCompanies,Inc.All诚1-诚1-🕛🖎forrrIfo1🖎 🕔🕯 ⭘🖎➇ 🕔🕯 ⭘🖎➇1-1-Topics🕛TheRoleoftheFinancial🕛Whatisa🕛WhoistheFinancial🕛Careersin🕛GoalsoftheMcGraw- Copyright©2007byTheMcGraw-HillCompanies,Inc.All1-1-Organizinga🕛TypesofBusiness🙔Sole🙔LimitedLiability🙔McGraw- Copyright©2007byTheMcGraw-HillCompanies,Inc.All1-1-Figure1.1TypesofU.S.As(a)and(b)show,althoughthemajorityofU.S.firmsaresoleproprietorships,theygenerateonlyasmallfractionoftotalrevenue,incontrasttocorporations.McGr-: Copyright©2007byTheMcGraw-HillCompanies,Inc.All1-1-TheTypesTheTypesofHaveonlyoneownerEasytosetupTotalcontrolLimitedlifetimeUnlimitedliabilityMcGraw- Copyright©2007byTheMcGraw-HillCompanies,Inc.AllTheTypesTheTypesofLimited

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GeneralLimited1-1-BusinessLimitedLiabilityMcGraw- Copyright©2007byTheMcGraw-HillCompanies,Inc.All1-1-corporation的区别是什么 ⮊ 法律中对 和corporation有严格的corporation的区别是什么的企业（businessenterprises）按组织形式分公司闭锁公司（close公众公司（public非公司型企业（unincorporatedbusinessenterprises）独资企业（sole合伙普通合伙（generalpartnership,GP）有限合伙（limitedpartnership,LP）合伙（limitedliabilitypartnership,有限合伙（limitedliabilitylimitedpartnership, ,McGraw- Copyright©2007byTheMcGraw-HillCompanies,Inc.All

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1-1-OrganizingaWhoowns The Aremanagers McGraw- Copyright©2007byTheMcGraw-HillCompanies,Inc.All1-1-Whatisa🕛Typesof🙔Public🙔PrivateMcGraw- Copyright©2007byTheMcGraw-HillCompanies,Inc.All1-1-corporation的区别是什么corporation的区别是什么[律]社团法人,公司企业<美 ,(市,镇的)自治机关 的意思是公司陪伴一)群一)队一)伙连连队;See百度知McGraw- Copyright©2007byTheMcGraw-HillCompanies,Inc.All《1-《1-民🕛现行规定的公司分 公司企业的存在,但他们都不是公司组织McGraw- Copyright©2007byTheMcGraw-HillCompanies,Inc.All1-1-公 公司＂：指由法律规定的一定人数(2-50人)的股东所组成，股东以其 ：是全部资本分为等额，股东以其的为限对公司承担责任的企业法人。设 人，资本的最低限额为500万元。McGraw- Copyright©2007byTheMcGraw-HillCompanies,Inc.All1-1-TheTypesofTwo-Formationofa-OwnershipofaMcGraw- Copyright©2007byTheMcGraw-HillCompanies,Inc.All1-Agency1-AgencyMcGraw- Copyright©2007byTheMcGraw-HillCompanies,Inc.All1-1-OwnershipControlofTheCorporateManagementboardofchiefexecutiveofficerOwnershipandControlof-TheCEO’sperformanceandCorporateChangeinBankruptcyneednotresultinaliquidationoftheMcGraw- Copyright©2007byTheMcGraw-HillCompanies,Inc.All1-1-Topics🕛TheRoleoftheFinancial🕛Whatisa🕛WhoistheFinancial🕛Careersin🕛GoalsoftheMcGraw- Copyright©2007byTheMcGraw-HillCompanies,Inc.All1-1-ChiefFinancialOfficer🙔Communicatefinancial🙔Countabletotheboardofdirectorstobeanindependentadvisorandprovidecorrectdetailedfinancialinformation ystsandshareholdersalsorelyonCFOtoprovideactualfinancialdataMcGraw- Copyright©2007byTheMcGraw-HillCompanies,Inc.AllRaiseManagecapital

1-1-WhoisTheFinancial⮊ChiefFinancialMcGraw- Copyright©2007byTheMcGraw-HillCompanies,Inc.All1-中1-中民第二十🕛财务会计报告应当由单位和主管会计工作的、会计机构（🕛单位应当保证财务会计报告、完整McGraw- Copyright©2007byTheMcGraw-HillCompanies,Inc.All1-1-Topics🕛TheRoleoftheFinancial🕛Whatisa🕛WhoistheFinancial🕛Careersin🕛GoalsoftheMcGraw- Copyright©2007byTheMcGraw-HillCompanies,Inc.All1-1-《华尔街日最佳CFO评选结果 🕛年﹐标准普尔指数成分股公司CFO的薪酬中值上升了2.1%﹐至330万。前25位的CFO﹐其薪酬中值为 二名：CarolTome，HomeDepot，(560万美金)第三名：KarenHoguet﹐Macy‘s，(430万美金)第四名：StacySmith﹐In(640万美金)第五名：PaulClancy﹐BiogenIdec，(250万美金McGraw- Copyright©2007byTheMcGraw-HillCompanies,Inc.All1-1- CareersinMcGraw- Copyright©2007byTheMcGraw-HillCompanies,Inc.AllCreditManage CreditManage 30-63,000ChiefFinancialOfficer $232-295,000Financialyst 38-47,000FirstYear yst 60-110,000FirstYearAssociate $125-235,000AssistantVice $200-600,000Director/Principal $300k-1.2milManagingDirector/Partner $400k-20milDepartmentHead $750k-70MoneyManagementPortfolioManageCopyright©2007Copyright©2007byTheMcGraw-HillCompanies,

$500,000$100,0001- 1- CareersinCareer AnnualSalaryCommercialBankingLoanOfficer $60,000DepartmentManage $100,000CorporateFinance

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c.All年月年月日中国青银行行长该1-McGraw- Copyright©2007byTheMcGraw-HillCompanies,Inc.All1-1-7家上市银行薪酬大比拼：民生比建行高逾3南方都市报2012-03-McGraw- Copyright©2007byTheMcGraw-HillCompanies,Inc.All1-1-世纪经世纪经招商银行以26.07民生银行以22.07银行以22.05 银行，10.29万元McGraw- Copyright©2007byTheMcGraw-HillCompanies,Inc.All1-1-Topics🕛TheRoleoftheFinancial🕛Whatisa🕛WhoistheFinancial🕛Careersin🕛GoalsoftheMcGraw- Copyright©2007byTheMcGraw-HillCompanies,Inc.AllGoalsGoalsofTheBondholder,Stockholder,and有1-有1-∙⌖IR🖰🕚See🙷SMcGraw- Copyright©2007byTheMcGraw-HillCompanies,Inc.All债券债券1-债券和是两种性质不同的有价：🕛债券相当于借钱给债券人，投资者的身份是债权人，人作为人到期必须还本付 股，只能转让（就是 是股东，可以有分红的权利，但🕛债券市场和市场有负相关的关系，即市场涨，债券市场跌，反之亦然，这是由流向引起的。（Flighttoliquidity）McGraw- Copyright©2007byTheMcGraw-HillCompanies,Inc.All1-Bond1-Bondvs. (annualmeeting-voting,Interest, Dividend,CapitalResidualResidualPriceisPriceisrelativelyPriceisrelativelyMcGraw- Copyright©2007byTheMcGraw-HillCompanies,Inc.All1-1-周报2012-06- 🙔🙔其次偿 🙔复次偿还有担 🙔McGraw- Copyright©2007byTheMcGraw-HillCompanies,Inc.All1-1-Bondholder,Stockholder,🕛Bondholder指债券持有人🕛Shareholder(stockholder)🕛Stakeholder指相关利含股东、债权人、管 民、……See百度知McGraw- Copyright©2007byTheMcGraw-HillCompanies,Inc.All🕛2010年为达节能减碳20%过去未达标，现在要=》拉闸🙔（钢、铝）🙔ight©ight©2007byTheMcGraw-HillCompanies,Inc.All1 1 追求达成应注意实施得

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三部委整治银行 被指合法化Copyright©2007byTheMcGraw-HillCompanies,Inc.All1-1-McGraw-McGraw-Copyright©2007byTheMcGraw-HillCompanies,Inc.All1-1-GoalsofTheEthics&Management🕛Does izationjustifyunethical🕛Enron 🕛 1-1-GoalsofThe2--Boardof-Specialist-McGraw-Copyright©2007byTheMcGraw-HillCompanies,Inc.AllAgencyProblemSolutions1-Auditors1-1-GoalsofThe2--Boardof-Specialist-McGraw-Copyright©2007byTheMcGraw-HillCompanies,Inc.AllAgencyProblem1-1-1-External🕛安然公司与安达信会计 McGraw- Copyright©2007byTheMcGraw-HillCompanies,Inc.All1-1-GoalsofThe- -Boardof-Specialist-McGraw-Copyright©2007byTheMcGraw-HillCompanies,Inc.AllAgencyProblem1-1-1- 1-CEOCEO1-CEOCEOCompensation2001($CEO EarningsEarningsStockPhilipSanfordGordonContinentalMichaelMichaelWaltLeeRayOccidentalRobertDavidDonaldWashingtonStevensource:1- 日华尔街日🕛1- 日华尔街日🕛接受的家公司其年的预估利润 1-1-GoalsofThe2--Boardof-Specialist-McGraw-Copyright©2007byTheMcGraw-HillCompanies,Inc.AllAgencyProblem1-1-1-TheAverageDirector:UnderworkedandHoursworkedper AnnualMcGraw- Copyright©2007byTheMcGraw-HillCompanies,Inc.All1-1-McGraw- Copyright©2007byTheMcGraw-HillCompanies,Inc.All1-1-McGraw- Copyright©2007byTheMcGraw-HillCompanies,Inc.All1-1-ex. ernanceMcGraw- Copyright©2007byTheMcGraw-HillCompanies,Inc.All1-1-深交McGraw- Copyright©2007byTheMcGraw-HillCompanies,Inc.All1-1-GoalsofThe2--Boardof-Specialist-McGraw-Copyright©2007byTheMcGraw-HillCompanies,Inc.AllAgencyProblem1-1-1-(shareholderMcGraw- Copyright©2007byTheMcGraw-HillCompanies,Inc.AllMcGraw- Copyright©2007byTheMcGraw-HillCompanies,Inc.All1-1-McGraw- Copyright©2007byTheMcGraw-HillCompanies,Inc.All1-1-McGraw- Copyright©2007byTheMcGraw-HillCompanies,Inc.All1-1-McGraw- Copyright©2007byTheMcGraw-HillCompanies,Inc.All1-1-McGraw- Copyright©2007byTheMcGraw-HillCompanies,Inc.All1-1-McGraw- Copyright©2007byTheMcGraw-HillCompanies,Inc.All1-1-McGraw- Copyright©2007byTheMcGraw-HillCompanies,Inc.All1-1-McGraw- Copyright©2007byTheMcGraw-HillCompanies,Inc.All君1-君1- 有段时期称为“君安时代安的张与万国的管金生、申银的阚治东并称“三大教父＂。在事业到达巅峰之际，张开始考虑君安的股权◦McGraw- Copyright©2007byTheMcGraw