Business Administration - Management FIS403 Chapter Notes - Chapter 1: Power Financial, Limited Liability Company, Primary Market
24 Oct 2016
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Document Summary
Creating value within a firm by: raising capital efficiently. Finance links economic theory with numbers of accounting. All corporate managers: whether in areas of: production, sales, research marketing, management, long- run strategic planning, must know what it means to assess the financial performance of the firm. Career opportunities: banker, corporate treasurer, stockbroker, financial analyst, portfolio manager, investment banker, financial consultant, personal financial planner. A descriptive discipline: toronto and montreal stock exchange formed in 1870s, financial instruments (stocks and bonds) defined, financial institutions portrayed (investment dealers, broker, securities regulators, capital preservation, liquidity, reorganization, bankruptcy described through the. 1930s depression: securities regulations resulted from a company failures and the questionable treatment of outside investors interest by insiders, published data of corporate finance developed. An analytical decision-oriented discipline: 1950s focus on the allocation of financial capital (money) for purchase of real capital (plant and equipment) and the creation of value from the possible returns and risks.
