Introduction to Managerial Finance

Feb 3rd, 2012
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Ashford University
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This chapter introduces the student to the field of finance and explores career opportunities in both financial services and managerial finance. The three basic legal forms of business organization (sole proprietorship, partnership, and corporation) and their strengths and weaknesses are described, as well as the relationship between major parties in a corporation.

Word Count: 5212
Showing Page: 1/16
Part 1Introduction to Managerial FinanceChapters in this PartChapter 1The Role of Managerial FinanceChapter 2The Financial Market EnvironmentIntegrative Case 1: Merit Enterprise Corp.Chapter 1The Role of Managerial FinanceInstructors ResourcesOverviewThis chapter introduces the student to the field of finance and explores career opportunities in bothfinancial services and managerial finance. The three basic legal forms of business organization (soleproprietorship, partnership, and corporation) and their strengths and weaknesses are described, as wellas the relationship between major parties in a corporation. The managerial finance function is definedand differentiated from economics and accounting. The chapter then summarizes the three keyactivities of the financial manager: financial analysis and planning, investment decisions, and financingdecisions. A discussion of the financial managers goalsmaximizing shareholder wealth and preservingstakeholder wealthand the role of ethics in meeting these goals is presented. The chapter includesdiscussion of the agency problemthe conflict that exists between managers and owners in a largecorporation.This chapter, and all that follow, emphasize how the chapter content plays a vital role in the studentsprofessional and personal life. Each chapter includes an early discussion of the relevance of the topic tomajors in accounting, information systems, management, marketing, and operations. Thr

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