MGMT 3320 Chapter Notes - Chapter 1: Corporate Finance, Customer Satisfaction, Risk Management

• School: University of Guelph
• Department: Management
• Course: MGMT 3320
• Professor: Trent Tucker

Document Summary

These and other changes immediately affect the flow of cash in and out of the firm which impacts value. Managers are challenged to maintain firm"s financial viability: variable interest and exchange rates, acquiring and investing capital, analyzing and controlling risk, volatile commodity prices, technological innovations, shifting consumer demand. Financial managers covers: managing the capital (assets and liabilities) of the firm efficiently, understanding global financial markets, assessing, enhancing, and creating value. Rigorous decision-orientated analysis models that focus on created value within the firm by: raising capital efficiently (debt from creditors and equity from shareholders) Economics provides financial managers with: broad pic of the economy and key measures that influence corporate decisions/performance, understanding of the institutional structure of our mixed capitalist system, structure of decision making. Accounting provides financial managers with: language of finance, financial data. Concerned with the efficient management of the firm by employing its resources in the most productive manners.