Chapter 1: Overview of Management Finance
Finance as an Area of Study
- What is Finance?
- Major Areas and Opportunity in Finance
Basic Form of Business Organization
- Sole Proprietorship
The Managerial Finance Function
- Organization of the Finance Function
- Relationship to Economics
- Relationship to Accounting
Key Activities of the Financial Manager
- Goal of the Financial Manager
- Maximize Profit?
- Maximize Shareholder Wealth
- What About Stakeholders?
The Agency Issue