|
Rationale
Corporate Finance is a specific area of finance dealing with the financial decisions corporations make and the tools as well as analyses used to make these decisions. The primary goal of Corporate finance is to enhance corporate value, without taking excessive financial risks.
The discipline may be divided among long-term and short-term decisions and techniques. Capital investment decisions comprise the long-term choices about which projects receive investment, whether to finance that investment with equity or debt, and when or whether to pay dividends to shareholders. Short-term corporate finance decisions are called working capital management and deal with the balance of current assets and current liabilities; the focus here is on managing cash, inventories, and short-term borrowing and lending (e.g., the credit terms extended to customers).
The time frames, and the goal of the discipline, are interrelated: value is enhanced when return on capital, a function of working capital management, exceeds cost of capital, a function of previous capital investment decisions.
Corporate finance is closely related to managerial finance, which is slightly broader in scope, describing the financial techniques available to all forms of business enterprise, corporate or not.
|
 |
Today's Videos
Module Structure
Programmes,
Courses and Modules
Workshops
and Self-directed Study
Foundation and Learner Support Modules and Courses
Recommended
Texts
 |
Corporate
Finance,
7/e
Stephen
A. Ross, Massachusetts Institute of Technology
Randolph W. Westerfield, University of Southern California
Jeffrey Jaffe, University of Pennsylvania
Check the availability and buy your books from our Bookshop.
|
 |
Strategy:
Analysis and Practice
John McGee, Warwick Business School
Howard Thomas, Warwick Business School
David Wilson, Warwick Business School
Check the availability and buy your books from our Bookshop. |
Resources
The Association of Chartered Certified Accountants (ACCA) is a British chartered accountancy body with a global presence that offers the Chartered Certified Accountant (Designatory letters ACCA or FCCA) qualification worldwide. It is one of the world's largest and fastest-growing accountancy bodies with 110,000 members and 260,000 affiliates and students in 170 countries. The Institute's headquarters are in London with the principal administrative office being based in Glasgow. In addition the ACCA has a network of over 70 staffed offices and other centres around the world.
The ACCA is a founding member body of the Consultative Committee of Accountancy Bodies (CCAB) and the International Federation of Accountants (IFAC).
The term Chartered in ACCA qualification refers to the Royal Charter granted by Her Majesty the Queen in the United Kingdom.
Since Chartered Certified Accountant is a legally protected term, individuals who describe themselves as Chartered Certified Accountants must be the member of the ACCA and, if they carry out public practice engagements, must comply with additional regulations such as holding a practicing certificate, being insured against any possible liability claims and submitting to inspections.
The Association of Authorised Public Accountants (AAPA), one of British professional body for public accountants becomes a subsidiary of ACCA since the year of 1996.
The Chartered Insurance Institute is a United Kingdom-based professional organisation for those working in the insurance and financial services industry. It came into being formally in 1912 when it's Royal Charter was granted. It has had many Director-General the latest of which is Sandy Scott. The Institute has a small museum which is mainly concerned with the history of fire fighting. In the 17th century insurance companies issued fire marks which their clients had to display on the insured property to show that they had purchased cover. The museum has a collection of firemarks and other artefacts relating to the history of fire insurance. It is normally open during office hours but visitors should ring in advance (020 8989 8464)
The Institute provides accreditation and professional qualifications to UK and International members.
In general usage, a Financial Plan can be a budget, a plan for spending and saving future income. This plan allocates future income to various types of expenses, such as rent or utilities, and also reserves some income for short-term and long-term savings. A financial plan can also be an investment plan, which allocates savings to various assets or projects expected to produce future income, such as a new business or product line, shares in an existing business, or real estate.
In business, a financial plan can refer to the three primary financial statements (balance sheet, income statement, and cash flow statement) created within a business plan. Financial forecast or financial plan can also refer to an annual projection of income and expenses for a company, division or department.[1] A financial plan can also be an estimation of cash needs and a decision on how to raise the cash, such as through borrowing or issuing additional shares in a company.[2]
While a financial plan refers to estimating future income, expenses and assets, a financing plan or finance plan usually refers to the means by which cash will be acquired to cover future expenses, for instance through earning, borrowing or using saved cash.
Amex is offering a new financial planning
service supported by this excellent site,
which includes everything from hypothetical
personal finance cases and strategies to
market analysis and financial tools.
Here's where you can get all the numbers you want, both current information (Go live to the trading floor!) and past happenings to research companies.
A very helpful site for the experts of the field to understand what's going on in the world. Tons of charts and stats.
This magazine offers information for the controller in your business organization. Issues such as taxes, cash management, risk management, human resources, technology, and legal issues are covered in every issue. The web site also offers an interacive buyer's guide, web resources, and a product directory.
This site offers a huge repository of information, market quotes, research materials and more. If you're looking for help with investing, this online source is a winner. Great for students doing research as well.
Saludos offers great information here on what to expect in the way of educational requirements, salary ranges, and working conditions of various jobs in finance.
This site offers financial information readable enough for the beginner to easily browse through, yet comprehensive enough that an expert can find new insights. Includes a flash quote for Eurodollar.
The U.S. Census Bureau provides information here on commodity flows within the United States. Viewing, downloading, search available. Feedback encouraged.
Even though this a commercial financial planner site, there are some really neat tools available in the Financial Guide area: college planning, retirement, and 401K calculators. The site is very well designed, loads easily, and has some really fun web techniques nicely integrated with purpose.
FinanCenter offers a lot online, including more than 100 calculators to help with retirement planning, investments, loan calculations, saving, budgeting, and much more.
This page has a huge directory of information on finance and the economy. Prepared by the finance department at OSU, it also includes virtual libraries.
This "marketplace for financial knowledge" teaches about Time Value of Money, calculating assets in the past, present, or future. There are lessons, quizzes, a glossary, discussion, and wonderful online calculators to figure payments, interest, etc.
A well developed site, FINWeb allows you to search easily for the financial news and information you want.
Find out who's going public and keep up with the progress of the IPOs even after the fact. You can also get stock quotes from past IPO companies.
Information for investors interested in European business and industry investment opportunities. Detailed information on funds and more.
"The Home Page for Investors on the Internet" probably has (or links to) everything you could want if you are interested in finance or the market. One interesting section, among many, is Bulls and Bears, where you can see who (of note) has predicted where the market will go and when.
Business and economic news...with an attitude, according to the site's creators. Find the business news and information of the day, and check out the Bluffer's Guide to Investing. That alone is worth the trip.
Merrill Lynch has put together some interesting information regarding investing, business planning, and personal finance. In the personal finance area there is information about saving for college. In the business planning area there is a financial plan guide and business life cycle guide. Useful stuff.
This is the electronic counterpart of the well known magazine. Learn the latest news in finance and related fields, shop, chat, or surf the links!
This subscription-based site has a great list of financial links that you can use even if you're not a subscriber. If you're willing to fork over the $100 a month fee, of course, you get much, much more.
Here you will find all kinds of information and tools related to mortgages. Find mortgage rates for your state, mortgage lenders in your state, use the mortgage calculator, and learn more about mortgages in general. Useful!
Very large but easily navigated, this site offers a lot of information on car loans, education loans, securities, and more. It also includes a loan calculator and amortization schedules...and you can customize your search by state.
Free stock quotes and more available on this site, and no, you don't have to be a Quicken software user to access it and find some great stuff.
Quote.com provides financial market data, including current quotes on stocks, options, commodity futures, mutual funds, and bonds. Some is free, some not. One neat feature is the stock price alarms via e-mail service.
Get the latest stock quotes and news on the day's trading and a 12-month trading pattern on any publicly traded company. You can enter company name rather than stock symbol, also.
This bank site is not just an ad for the bank, but a financial helper for all ages! You'll find great sections like the glossary of home mortgage terms and the informative College Money Matters collection of resources.
This is the US Social Security Administration's official web site. If you're seeking answers, you can find them in their Frequently Asked Questions section or try their search engine, courtesy of Excite. Facts, forms, history, laws, and more are available here, in both English and Spanish.
A great resource for financial professionals, with links to over 1,000 of the most useful resources on the Net. You can find news, information on brokers, banks, investment firms, and more. Links to personal financial resources are also included.
This Japanese site doesn't just give the latest news on finances in Japan, it also has forums to chat on any topic that's related to Japan. Really cool graphics for business and news.
The author groups his linked resources to correspond with the topics of his book on financial management fundamentals. There are hundreds of links, categorized and annotated, for a wealth of finance resources.
Articles from the Journal are available here, plus continuously updated business news from the U.S. and around the world. You can get two weeks free, then subscribe online if you wish. The site also offers a personal stock tracking portfolio that's pretty cool.
Wells Fargo offers weekly U.S. economic commentary, foreign exchange reports, investment and international trade news, and an invitation to join their online banking program.
Make your way to the Supersite, a huge guide on global business news. It also includes many links to other business-related sites around the Net, and information on business and economic development conferences and organizations.
|
