Class Notes (834,979)
Canada (508,839)
Rotman Commerce (1,103)
RSM100Y1 (287)
John Oesch (141)

Finance (L17).docx

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Rotman Commerce
John Oesch

Corporate Finance pt 1 What is FinanceFinance is the business function involving a firms day to day financial activities and decisions about a firms longterm investments and how to obtain those funds to pay for themFinance is broken into two major areasCorporate Finance o How companies obtain and use fundsInvestment o Analysis of financial securities including how they are valued o Process of raising the funds for companies can be considered under corporate financeThe two pieces are linked and build on the existence and efficient functioning of capital marketsSome FinanceRelated CareersManagers CEOs CFOsTradersAnalysts CFAsFinancial planners CFPsResponsibility of a Financial Manager 1 Financial control 2 Financial planning 3 Cash flow management 1 Financial ControlChecking actual performance against strategic plans to ensure that desired goals are achievedMaking adjustments as required when plans change or do not work as intendedPreparing budgets to ensure that sufficient cash is on hand to meet operational and debt service needsActual results that vary from the budget need explanation and adjustment 2 Financial Planninga plan for achieving a desired financial status in the future o projections of revenue flows o sources and planned uses of funds o timing of when funds will be required
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