BUS 330 Lecture Notes - Lecture 1: Accrual, Sole Proprietorship, Managerial Finance

• School: Stony Brook University
• Department: Business Management
• Course: BUS 330
• Professor: Michael Nugent

Document Summary

Bus 330 finance | lecture 1 (class) Cheapest way to make the most money. Create products that can be sold for at high profits: do that by also finding the most cost effective way of creating the product. Make sure business are profitable and remain profitable. Globalization increased demand for financial experts to manage cash flows and protect against risks from international transactions. Harder to pass than cpa test though. But limitation is that you"re on your own. Access to more talent, ability to build more money. Limited liability: only corporate assets can be attacked. Stakeholders employees, customers, vendors; anyone that has economic link to firm. Ethics = important to company as well as profits. Small companies have to do everything with less people. Bigger companies everyone has narrow more specific jobs, not much range and freedom. Economic realities affect decisions of financial managers.