MGTA02H3 Lecture Notes - Working Capital, Current Liability, Corporate Finance
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MGTA02H3 Full Course Notes
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Financial managers: those managers responsible for planning and overseeing the financial resources of a firm. Finance (corporate finance): the business function involving decisions about a firm"s long-term investments and obtaining the funds necessary to pay for those investments. Obtaining funds to pay for those investments. Helping to manage the risks that the firm takes. The financial manager"s overall objective is to increase a firm"s value thus stockholder"s wealth. In all words, financial managers must ensure that a company"s earnings exceed its costs in other words, that it makes a profit. In sole proprietorships and partnerships, profits represent an increase in the owner"s wealth. In a corporation, profits translate into an increase in the value of common stock. Cash flow management: managing the pattern in which cash flows into the firm in the form of revenues and out of. Financial control: the process of checking actual performance against plans to ensure that the desired financial.
