武汉理工大学：《财务管理》课程PPT教学课件（英文版）Conclusions and Review of Financial Management

Conclusions and Review of financial Management 1-1

1-1 Conclusions and Review of Financial Management

Types of Finance Government Finance Business Finance Macro Finance Micro Finance Personal Finance 1-2

1-2 Types of Finance Business Finance Macro Finance Micro Finance Personal Finance ▪ Government Finance

corporate finance financial market Finance international finance Investment financial engineering 1-3

1-3 Finance corporate finance financial market international finance investment financial engineering

Functions of finance Financing vesting

1-4 Functions of Finance Financing Investing

Functions of Finance Financing Where to get funds When to get funds How much to raise How much to pay for funds Investing 1-5- What to do with funds once raised

1-5 Functions of Finance Financing - Where to get funds - When to get funds - How much to raise - How much to pay for funds Investing - What to do with funds once raised

Forms of Business Organization Sole proprietorship Partnership Corporation 1-6

1-6 Forms of Business Organization Sole Proprietorship Partnership Corporation

Sole Proprietorship Advantages Ease of formation Subject to few regulations No corporate income taxes Disadvantages Limited life 1-7 Difficult to raise capital

1-7 Sole Proprietorship Advantages Ease of formation Subject to few regulations No corporate income taxes Disadvantages Limited life Difficult to raise capital Unlimited liability

Partnership Advantages Possible synergy Subject to few regulations No corporate income taxes Disadvantages Limited life 1-8 Difficult to raise capital

1-8 Partnership Advantages Possible synergy Subject to few regulations No corporate income taxes Disadvantages Limited life Difficult to raise capital Possible conflicts

Corporation Advantages Unlimited life Ease of transferring ownership Limited liability Disadvantages Double taxation 1-9 Cost of organization

1-9 Corporation Advantages Unlimited life Ease of transferring ownership Limited liability Disadvantages Double taxation Cost of organization Cost of report filing

The role of financial Management What is Financial Management? The goal of the firm Organization of the Financial Management Function 1-10

1-10 The Role of Financial Management What is Financial Management? The Goal of the Firm Organization of the Financial Management Function