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Chapter 1 The Role of Managerial Accounting

by: Chris Holder

Chapter 1 The Role of Managerial Accounting FIN 315

Marketplace > Finance > FIN 315 > Chapter 1 The Role of Managerial Accounting
Chris Holder
GPA 3.28

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Hey Class!!! These notes cover the material from chapter 1 of the textbook: What is Finance?, the difference between unincorporated businesses and corporations, publically traded corporations, a...
Business Finance
Dr. Milanese
Class Notes
FIN 315, Milanese, business finance, Publically Traded Corporations, Corporations, finance, Shareholders Meeting
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This 3 page Class Notes was uploaded by Chris Holder on Saturday January 23, 2016. The Class Notes belongs to FIN 315 at a university taught by Dr. Milanese in Spring 2016. Since its upload, it has received 130 views.


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Date Created: 01/23/16
ChrisHolder Fin315 Milanese Jan 14 Chapter 1: The Role of Managerial Finance Whatis Finance? Financesisthe combinationofAccountingandEconomicstoanalyze,invest,andmanagementof money.Accountingisthelanguagethatfinanceisspokeninandeconomicsisthetone.Financeisa decisionscience.Thedrivingquestionoffinanceis,“howcanI manage/investmymoneysothatit will makememore money?” Financefocusesonestimatsizehtiming,and triskinesofFuturecash flowsand determiningwhattheyareworthtoday! 1. Making an investmentexample: InvestToday 1$ 2$ 3$ 4 $returns $ What am I willingto pay today? ChrisHolder Fin315 Milanese Jan 14 Unincorporated Business & Corporations Un-incorporatedBusiness Person = Business(The Easy to liabilitiesof Form the business aree tied to the owner. Un-incorporated Business Not Double Limited Taxation Life ChrisHolder Fin315 Milanese Jan 14 Corporations Unlimited-Life ( If the owner dies, Difficult the business to form. continues on.) Corporations Person separate Double Taxation from business [Profit (is taxed$); (Liabilities ofthe reinvest or give as business are dividends to shareholders (are separatefrom the also taxed$)] owner) Publically Traded Corporations *A companythat openspurchaseofsharesto thepublic. IBM sharesgofor$132.00 An Agencyrelationship=DefinestheCompanyManagement.Managementrepresentsthe SHAREHOLDERS. CEO’sRole:Createan appropriatereturn($$$) forthe shareholders. TheAgencyProblem:wheneveraconfictof interstoccursbetweenmanagersandshareholders Shareholders Meetings: Shareholderscansubmitproposal,astothedirectiontheywantthecompanytogo in; then proposalsarevotedon 1 share= 1 vote AfterwardManagementcaneitherfollowproposalsorignoreproposals Ifa proposalisignored,theShareholderscanthenspeakwiththe Boardof Directorsto either demandcompliancewiththeproposal,orFIREmanagement.


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