seminar

Topics: Finance, Corporate finance, Public company Pages: 8 (2036 words) Published: October 18, 2014
Learning objectives

FINM 7401 Seminar 1:
Introduction to financial
management
Ethics in finance
Readings: Ross et al. Chapter 1

Copyright © 2014 McGraw-Hill Education (Australia) Pty Ltd
Ross, Essentials of Corporate Finance, 3e

1-1

Discuss the basic types of financial
management decisions and the role of the
financial manager.
Identify the goal of financial management.
Compare the financial implications of the
different forms of business organisation
Describe the conflicts of interest that can
arise between managers and owners.
Discuss the role ethics has to play in finance.

Copyright © 2014 McGraw-Hill Education (Australia) Pty Ltd
Ross, Essentials of Corporate Finance, 3e

Why study FINM7401?

Why study FINM7401?

Majors in finance

1-2

Majors in Marketing

The first course you will take of a suite of finance
courses
Later finance courses build on what you learn in
this course

Majors in accounting
Accountant may have a dual accounting and
finance function
Need to understand financial products to know
how to account for them
Accounting and finance are very closely relateed
Copyright © 2014 McGraw-Hill Education (Australia) Pty Ltd
Ross, Essentials of Corporate Finance, 3e

1-3

Need to understand how to value/budget for new
projects
Analysing costs/benefits of new projects

Majors in Management
Impossible to set strategy without understanding
financial implications

You personally
Personal investments
Day-to-day cash flow management
Retirement planning
Copyright © 2014 McGraw-Hill Education (Australia) Pty Ltd
Ross, Essentials of Corporate Finance, 3e

1-4

The four basic areas of finance

Investments

Finance is broad term, but the
discipline can be divided into a number
of sub components:

Working with financial assets such as
shares and bonds
Value of financial assets
Risk versus return and asset allocation
Job opportunities

Investments
Financial institutions
International finance
Corporate/business finance – (these two
names are used interchangeably)

Stockbroker
Financial advisor
Portfolio manager
Security analyst

what this course is about
Copyright © 2014 McGraw-Hill Education (Australia) Pty Ltd
Ross, Essentials of Corporate Finance, 3e

1-5

1-6

International finance

Financial institutions

An area of specialisation within one of the
areas discussed so far.
May allow you to work in other countries or at
least travel on a regular basis.
Need to be familiar with the particular issues
that working internationally requires e.g.
exchange rates and political risk.
Need to understand the customs of other
countries and you would benefit from being
fluent in a foreign language.

Companies that specialise in financial
matters
Banks including investment banks, credit
unions and building societies
Insurance companies
Brokerage firms

Job opportunities
Client advisor
Credit analyst
Copyright © 2014 McGraw-Hill Education (Australia) Pty Ltd
Ross, Essentials of Corporate Finance, 3e

Copyright © 2014 McGraw-Hill Education (Australia) Pty Ltd
Ross, Essentials of Corporate Finance, 3e

1-7

Copyright © 2014 McGraw-Hill Education (Australia) Pty Ltd
Ross, Essentials of Corporate Finance, 3e

1-8

Business/corporate finance

Business/corporate finance

What we will be studying in this course
Business/corporate finance looks at the
following three questions:

Examples:
What do businesses invest in?

What long-term investments should the firm take
on?
Where will we get the long-term financing to pay
for the investment?
How will we manage the everyday financial
activities of the firm?

In this course we will focus on the first
two questions
Copyright © 2014 McGraw-Hill Education (Australia) Pty Ltd
Ross, Essentials of Corporate Finance, 3e

1-9

Forms of business
organisation

 How do businesses finance...
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