The Role and Environment of Managerial Finance(的角色和环境管理财务).pdf
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1 The Role and
Environment of
Managerial Finance
Why This Chapter Learning Goals
Matters to You
LG Define finance, its major areas and
In Your Professional Life 1 opportunities, and the legal forms
Accounting: You need to understand the relationships between the of business organization.
firm’s accounting and finance functions; how the financial statements
you prepare will be used; business ethics; agency costs and why the LG Describe the managerial finance
firm must bear them; and how to calculate the tax effects of proposed 2 function and its relationship to
transactions. economics and accounting.
Information systems: You need to understand the organization of the
firm; why finance personnel require both historical and projected data; LG Identify the primary activities of the
and what data are necessary for determining the firm’s tax liability. 3 financial manager.
Management: You need to understand the legal forms of business LG Explain the goal of the firm,
organization; the tasks that will be performed by finance personnel; 4 corporate governance, the role of
the goal of the firm; management compensation; ethics in the firm;
the agency problem; and the role of financial institutions and markets. ethics, and the agency issue.
Marketing: You need to understand how the activities you pursue LG Understand financial institutions
will be affected by the finance function, such as the firm’s cash and 5 and markets, and the role the
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