MGTA02H3 Lecture Notes - Unsecured Debt, Secured Loan, Accounts Payable

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14 Aug 2012
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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 firms long term investments and obtaining the funds to pay for those investments. Objectives of the financial manager: collect funds, pay debts, establish trade credit, obtain loans, control cash balances and plan for future financial needs overall objective is to increase a firms value and stock holders wealth. Cash flow management: managing the pattern in which cash flows into the firm in the form of revenues and out of the firm in the form of debt payments. Accounts payable: unpaid bills owed to suppliers, wages and taxes due within the upcoming year largest single category or short term debt for most firms managers must know in advance about accounts payable. Are more carefully planned than shorterm because they pose special problems.

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