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Lecture Investments (6/e) - Chapter 1: The investment environment

Chapter 1 is introductory and contains important institutional material focusing on the financial environment. We discuss the major players in the financial markets, provide an overview of the types of securities traded in those markets, and explain how and where securities are traded.

6/18/2020 6:07:07 AM +00:00

Islamic accounting reporting and economic development: Nigerian perspective

This paper discusses Islamic financial reporting system as practiced in many Islamic states for economic development. The issue of Islamic accounting among scholars provided evidence of economic benefits among the countries that have Islamic financial institutions (IFIs).

6/18/2020 2:31:33 AM +00:00

Lecture Fundamentals of corporate finance: Lecture 15

After studying this chapter you will be able to: How securities are sold to the public and the role of investment banks in the process; initial public offerings and some of the costs of going public; how rights are issued to existing shareholders and how to value those rights.

6/18/2020 1:14:17 AM +00:00

Lecture Fundamentals of corporate finance: Lecture 14

After studying this chapter you will be able to: The venture capital market and its role in the financing of new, highrisk ventures; how securities are sold to the public and the role of investment banks in the process; initial public offerings and some of the costs of going public; how rights are issued to existing shareholders and how to value those rights.

6/18/2020 1:14:10 AM +00:00

Lecture Fundamentals of corporate finance: Lecture 13

After studying this chapter you will be able to: Explain what the cost of capital represents and why it is so important, estimate the cost of equity using the dividend growth model approach and the security market line approach, estimate the cost of debt and the cost of preferred stock, understand when it is appropriate and to use the WACC as a measure of the firm's required rate of return,...

6/18/2020 1:14:04 AM +00:00

Lecture Fundamentals of corporate finance: Lecture 12

Corporations must cope with fluctuations in interest rates, commodity prices, and exchange rates. This chapter discusses how they do it, with particular attention paid to financial instruments such as futures contracts, options, and swap agreements.

6/18/2020 1:13:57 AM +00:00

Lecture Fundamentals of corporate finance: Lecture 11

This chapter presents the following content: Estimating cash flows: relevant cash flows, working capital treatment, inflation; risk analysis: sensitivity analysis, scenario analysis, and simulation analysis.

6/18/2020 1:13:51 AM +00:00

Lecture Fundamentals of corporate finance: Lecture 10

After studying this chapter you will be able to: What is capital budgeting? Steps to capital budgeting, What is the difference between independent and mutually exclusive projects? Calculating payback, strengths and weaknesses of payback,...

6/18/2020 1:13:45 AM +00:00

Lecture Fundamentals of corporate finance: Lecture 9

After studying this chapter you will be able to: How stock prices depend on future dividends and dividend growth, the different ways corporate directors are elected to office, how the stock markets work.

6/18/2020 1:13:38 AM +00:00

Lecture Fundamentals of corporate finance: Lecture 8

After studying this chapter you will be able to: How stock prices depend on future dividends and dividend growth, the different ways corporate directors are elected to office, how the stock markets work.

6/18/2020 1:13:32 AM +00:00

Lecture Fundamentals of corporate finance: Lecture 7

Chapter 7, risk and return. After studying this chapter you will be able to: Important bond features and types of bonds, cond values and yields and why they fluctuate, bond ratings and what they mean, the impact of inflation on interest rates, the term structure of interest rates and the determinants of bond yields.

6/18/2020 1:13:25 AM +00:00

Lecture Fundamentals of corporate finance: Lecture 6

Chapter 6, discounted cash flows and valuation. When you fi nish this chapter, you should have some very practical skills. For example, you will know how to calculate your own car payments or student loan payments. You will also be able to determine how long it will take to pay off a credit card if you make the minimum payment each month (a practice we do not recommend).

6/18/2020 1:13:19 AM +00:00

Lecture Fundamentals of corporate finance: Lecture 5

Chapter 5, the time value of money. After studying this chapter you will be able to: How to determine the future value of an investment made today, how to determine the present value of cash to be received at a future date, how to fi nd the return on an investment, how long it takes for an investment to reach a desired value.

6/18/2020 1:13:13 AM +00:00

Lecture Fundamentals of corporate finance: Lecture 4

Chapter 4, analyzing financial statements. After studying this chapter, you should understand: How to standardize fi nancial statements for comparison purposes; how to compute and, more importantly, interpret some common ratios; the determinants of a fi rm’s profi tability; some of the problems and pitfalls in fi nancial statement analysis.

6/18/2020 1:13:07 AM +00:00

Lecture Fundamentals of corporate finance: Lecture 3

Chapter 3, financial statements, cash flows, and taxes. In this chapter, we examine fi nancial statements, taxes, and cash flow. The goal of this chapter is to briefly examine such statements and point out some of their more relevant features. This chapter pay special attention to some of the practical details of cash flow.

6/18/2020 1:13:01 AM +00:00

Lecture Fundamentals of corporate finance: Lecture 2

Chapter 2, the financial system and the level of interest rates. After studying this chapter you will be able to: Describe the role of the financial system in the economy and the two basic ways in which money flows through the system; discuss direct financing and the important role that investment banks play in this process; describe the primary, secondary, and money markets, explaining the special importance of secondary and money markets to business organizations;…

6/18/2020 1:12:55 AM +00:00

Lecture Fundamentals of corporate finance: Lecture 1

Chapter 1, the financial manager and the firm. After studying this chapter you will be able to: Identify the key financial decisions facing the financial manager of any business, identify common forms of business organization in the United States and their respective strengths and weaknesses, describe the typical organization of the financial function in a large corporation,…

6/18/2020 1:12:48 AM +00:00

Lecture Financial institutions, instruments and markets (7e): Chapter 21 – Viney, Phillips

Chapter 21 - Interest rate swaps, currency swaps and credit default swaps. The objectives of this chapter are: Describe the nature of a swap and explain the structure and operation of vanilla and basis interest rate swaps, understand the importance of the interest rate swap market, examine the structure of a cross-currency swap and how they can be arranged, explain the rationale for the cross-currency swap markets,...

6/18/2020 1:05:53 AM +00:00

Lecture Financial institutions, instruments and markets (7e): Chapter 20 – Viney, Phillips

The goals of this chapter are: Understand the structure and operation of option contracts and the types available, explain the profit and loss payoff profiles of call and put option contracts, describe the structure and organisation of international and Australian options markets, explain the factors affecting the price of options, develop options strategies for hedging price risk, discuss the advantages and disadvantages of option contracts in managing risk.

6/18/2020 1:05:47 AM +00:00

Lecture Financial institutions, instruments and markets (7e): Chapter 19 – Viney, Phillips

Chapter 19 - Futures contracts and forward rate agreements. In this chapter, you will: Consider the nature and purpose of derivative products, outline features of a futures transaction, review the types of futures contracts available through a futures exchange, identify why participants use derivative markets and how futures are used to hedge price risk,...

6/18/2020 1:05:41 AM +00:00

Lecture Financial institutions, instruments and markets (7e): Chapter 18 – Viney, Phillips

Chapter 18 - An introduction to risk management and derivatives. In this chapter students will be able to: Understand the nature and importance of risk and risk management, especially operational and financial risk exposures; construct and analyse a structured risk management process; examine the fundamentals of futures contracts; review the operation of forward exchange contracts and forward rate agreements;...

6/18/2020 1:05:35 AM +00:00

Lecture Financial institutions, instruments and markets (7e): Chapter 17 – Viney, Phillips

Chapter 17 - Foreign exchange: risk identification and management. In this chapter, students will be able to: Recognise FX transaction, translation, operational and economic risk, formulate an FX policy document, outline methods to identify a company’s FX exposures, describe the implementation of market-based hedging techniques, explain internal non-market-based techniques for managing FX risk.

6/18/2020 1:05:29 AM +00:00

Lecture Financial institutions, instruments and markets (7e): Chapter 16 – Viney, Phillips

Chapter 16 - Foreign exchange: factors that influence the exchange rate. The goal is for you to learn: Explain how supply and demand issues determine an equilibrium exchange rate, consider mechanisms and relationships of factors influencing the exchange rate, explore regression analysis on variables impacting on an exchange rate.

6/18/2020 1:05:23 AM +00:00

Lecture Financial institutions, instruments and markets (7e): Chapter 15 – Viney, Phillips

Chapter 15 - Foreign exchange: the structure and operation of the FX market. This chapter include objectives: Understand the nature of global FX markets, discuss participants in the FX markets, describe the functions and operations of FX markets, outline instruments traded in FX markets,...

6/18/2020 1:05:17 AM +00:00

Lecture Financial institutions, instruments and markets (7e): Chapter 14 – Viney, Phillips

In this chapter, you will learn to: Describe interest rate risk and its forms, identify the components of an interest rate risk exposure management system, explain the interest rate risk management principle of asset repricing before liabilities, revisit financial securities repricing and interest rate risk,…

6/18/2020 1:05:11 AM +00:00

Lecture Financial institutions, instruments and markets (7e): Chapter 13 – Viney, Phillips

In this chapter, you learned to: Describe the macroeconomic context of interest rate determination; explain the loanable funds approach to interest rate determination, including supply and demand variables for loanable funds, equilibrium and the effect of changes in variables on interest rates; understand yields, yield curves and term structures of interest rates, and apply the expectations theory, segmented markets theory and liquidity premium theory; explain the risk structure of interest rates and the impact of default risk on interest rates.

6/18/2020 1:05:04 AM +00:00

Lecture Financial institutions, instruments and markets (7e): Chapter 12 – Viney, Phillips

Chapter 12 - Government debt, monetary policy and the payments system. The goals of this chapter are: Outline reasons why governments borrow; describe features of the main commonwealth government debt instruments, issuance process, participants and related calculations; describe the purpose and structure of state government central borrowing authorities;...

6/18/2020 1:04:58 AM +00:00

Lecture Financial institutions, instruments and markets (7e): Chapter 11 – Viney, Phillips

In this chapter, the learning objectives are: Examine the use of international debt markets as a source of funding, describe the role of euromarkets and US capital markets, distinguish between eurocurrency, euronote and eurobond markets, consider US debt markets and securities, explain the role of credit rating agencies.

6/18/2020 1:04:52 AM +00:00

Lecture Financial institutions, instruments and markets (7e): Chapter 10 – Viney, Phillips

Chapter 10 - Medium- to long-term debt, after you have mastered the material in this chapter, you will be able to: Identify the main types of medium- to long-term debt instruments in the market, describe the main features of these facilities, identify the financial institutions and parties involved in the provision of these facilities, undertake calculations related to the pricing of these debt instruments, discuss the availability and appropriateness of these debt instruments for business.

6/18/2020 1:04:46 AM +00:00

Lecture Financial institutions, instruments and markets (7e): Chapter 9 – Viney, Phillips

Chapter 9 - Short-term debt. The following will be discussed in this chapter: trade credit, bank overdrafts, commercial bills, calculations: discount securities, promissory notes, negotiable certificates of deposit, inventory finance, accounts receivable, financing and factoring.

6/18/2020 1:04:40 AM +00:00