资源描述：
《an overview of financial management》由会员上传分享，免费在线阅读，更多相关内容在工程资料-天天文库。
1、19878_01_c01_pxxxii-030.qxd2/22/069:35AMPage2CHAPTER1AnOverviewofFinancialManagementThisbookisdesignedtoexplainwhat“financialmanagement”isallabout,andtoshowhowitcanbeusedtohelpincreasethevalueofafirm.Itisintendedforuseinasecond-levelfinancecourse,followingtheintroductorycourse.Onlythebasiccours
2、eisprerequisite,soifstudentshavetakenotherfinancecourses,especiallyoninvestmentsorcapitalmarkets,theywillfindsomeofthematerialareview.Thebookisoftenusedina“capstone”coursetakenduringthelasttermbeforegraduation.Thisisanexhilaratingtimeforstudents,withgraduationloomingandajobsearchunderway.Itisal
3、soagoodtimetostepbackfromthetechnicalskillsdevel-opedintheclassroomandtolookatthebigpictureofwhyfinancialmanagementissoimportant.Spendingthetimenowtodevelopagoodoverviewoffinancialmanagementcanbetremendouslyvaluabletoyourcareer.Whyisfinancialmanage-mentsovaluable?Inanutshell,becauseitexplainsbo
4、thhowmanagerscanincreasetheirfirms’valueandwhyitisessentialforthemtodoso.Today’sbusinessenvironmentismorecomplicatedthanever.Investorsareforcingmanagerstofocusonvaluemaximization,buttherecentscandalsatEnron,WorldCom,Tyco,andahostofothercompanieshaveshownthatethicalbehaviorandmanagerialTODISCCOL
5、LECTIONaccountabilityarecrucialprerequisites.Masteringthetechnicaldetailsoffinancialmanagementandunderstandingitsrolewithinthefirmisimportanttograduatingstudentsbecausecompanieswanttohirepeoplewhocanmakedecisionswiththebroadcor-porategoalofvaluemaximizationinmind.Therefore,studentswhounderstand
6、theprinciplesofvaluemaximizationhaveamajor2IMAGE:©GETTYIMAGES,INC.,PHO19878_01_c01_pxxxii-030.qxd2/22/069:35AMPage3advantageinthejobmarketoverstudentswhodonot.Demonstratingthatyouunderstandallthiscanmakeabigdifferenceinboththequalityofyourinitialjobandyoursubsequentcareerpath.ABOUTUSINGTHETEXTI
7、nyourintroductoryfinancecourseyoulearnedanumberoftermsandcon-cepts,andyounowhaveanideaofwhatfinancialmanagementisallabout.However,youprobablyfocusedonindividualchapters,orsectionsofchapters,andyouprobablypreparedforexamsthatconsis
