TAILIEUCHUNG - Corporate finance Part 4- Chapter 2

Quản lý dòng tiền mặt là vai trò truyền thống của chức năng kho bạc. Nó xử lý luồng vào và luồng tiền mặt, ũng như chuyển tiền trong nội bộ nhóm. | Part Two Managing net debt and financial risks In this part we aim to analyse the day-to-day management of a company s financial resources in terms of management of cash flows and treasury which we will examine in Chapter 46 and management of financial risks particularly interest rate exchange rate liquidity credit risks and the risk of fluctuations in raw materials prices which is described in Chapter 48. These components were traditionally managed by distinct corporate functions . treasury and risk management. This said they have now generally been pooled under the responsibility of the corporate treasurer given the interlinkage between them. His or her role is to oversee a centralised treasury unit responsible for managing cash flows a financing unit responsible for securing funds and negotiating borrowing terms with banks and a front-office unit handling market transactions as well as interest rate and exchange rate risks in large groups a joint administrative unit back office that processes transactions for all units. 938 Managing net debt and financial risks We will also cover a particular aspect of debt financing which is closely linked with the management of risk Chapter 47 details how the company can finance itself by giving in guarantee some of its assets. Asset-based financing is often linked to off-balance-sheet financing although tighter accounting rules make it now harder to achieve. Chapter 46 Managing cash flows A balancing act. Cash flow management is the traditional role of the treasury function. It handles cash inflows and outflows as well as intra-group fund transfers. With the development of information systems this function is usually automated. As a result the treasurer merely designs or chooses a model and then only supervises the day-to-day operations. Nonetheless we need to take a closer look at the basic mechanics of the treasury function to understand the relevance and the impact of the different options. Sections and .

• Tài chính doanh nghiệp
• corporate finance
• tài chính doanh nghiệp
• quản lý tài chính
• cfa
• Intermediate corporate finance
• Lecture Intermediate corporate finance
• Corporate valuation
• Value based management
• Fundamentals of corporate finance
• Business organization
• Financial management
• International corporate finance
• Capital market history
• Raising capital
• Financial leverage
• Financial reporting
• Social welfare
• Forward contracts
• The stock markets
• Basic return concepts
• Portfolio theory
• Bond valuation
• Basic stock valuation
• Accounting for financial management
• Analysis of financial statements
• Financial planning
• Forecasting financial statements
• Capital budgeting
• Decision criteria
• Estimating cash flows
• Real options
• Capital structure decisions
• The levered firm
• Cash management
• Financial distress
• Hedging risk
• Warrants and convertibles
• Principles of corporate finance
• Understanding options
• Valuing options
• Financial analysis
• Financial manager
• Financial institutions