Chapter 1: The Function of Managerial Finance
The role of managerial finance is to plan, acquire, and manage a firm’s financial resources to achieve its strategic objectives. It focuses on making sound decisions related to budgeting, investment, financing, and risk management to maximize the firm’s value while ensuring financial stability.
Chapter 1 Complete Playlist
Finance and the Firm
What is Finance?
What is a Firm?
What is the Goal of the Firm?
Maximize Shareholder Wealth.
Maximize Profit.
Timing.
Cash Flows.
Risk.
Maximize Stakeholder Welfare?
Not really.
The Role of Business Ethics.
Ethical Guidelines.
Ethics and Share Price.
Managing the Firm.
The Managerial Finance Function.
Financial Manager’s Key Decisions.
Principles that Guide Manager’s Decisions (Part 1)
Principles that Guide Manager’s Decisions (Part 2)
Relationship to Economics
Relationship to Accounting
Organizational Forms, Taxation, and the Principal-Agent Relationship
Legal Forms of Business Organizations
Sole Proprietorship
Partnership
Corporation
Business Organizations and Taxation
LLC, Business Organization Forms and Taxation
Agency Problems and Agency Costs
Corporate Governance
Internal Corporate Governance Mechanisms
External Corporate Governance Mechanisms
Government Regulation
Developing Skills for Your Career
Critical Thinking
Communication and Collaboration
Financial Computing Skills