財務管理(Financial Management)是在一定的整體目標下,關於資產的購置(投資),資本的融通(籌資)和經營中現金流量(營運資金),以及利潤分配的管理。Financial management (Financial Management) is the management of asset acquisition (investment), capital financing (financing), operating cash flow (working capital), and profit distribution under certain overall goals.
介绍公司之資本預算，融資決策的理論基礎與實務技術.包括資金成本,股利政策,租賃決策與衍生性金融商品之定價等主題.此外,將介紹一些新發展之課題,包括風險管理,選擇權,及公司併購等.主要內容分四大領域：
（1）資本預算決策：公司應投資多少？購置何種固定資產或無形資產？
資本預算決策決定了資產負債表左邊所呈現的價值大小及內涵。
（2）籌資決策：公司如何籌措資本預算所需的資金？
此涉及資產負債表右邊項目的變動。亦即，籌資決策會影響公司的資本結構（capital structure，或稱財務結構）。
（3）股利政策：公司如何將投資與營運所創造的淨收益分配給股東？有多少保留在公司以便支應未來投資所需的資金。
（3）現金管理：公司短期營運資金如何管理？
營運過程中，由於營運現金流入與營運現金流出的金額大小及時點經常不一致，致時而產生不確定性。第四個主要課題就是對現金流入與流出金額差距以及時點不一致性做最適的管理。
投資、籌資、股利及現金管理四大決策中，資本預算決策是創造公司價值最重要且最核心的決策，將公司有限資源用於最具競爭力的發展方向上，為公司創造最大的價值。財務管理就是提供一個清楚的概念以及完善的架構，讓財務管理人做出正確的資本預算決策。
Introduces the company's capital budget, the theoretical basis and practical techniques of financing decisions. Including topics such as capital costs, dividend policies, leasing decisions and pricing of derivative financial products. In addition, some new development topics will be introduced, including risk management, options , and company mergers and acquisitions, etc. The main content is divided into four major areas:
(1) Capital budgeting decision: How much should the company invest? What kind of fixed assets or intangible assets will be purchased?
Capital budgeting decisions determine the magnitude and content of the value presented on the left side of the balance sheet.
(2) Financing decisions: How does the company raise the funds needed for the capital budget?
This involves changes in items on the right side of the balance sheet. That is, financing decisions will affect the company's capital structure (or financial structure).
(3) Dividend policy: How does the company distribute the net income generated from investments and operations to shareholders? How much money is retained in the company to fund future investments.
(3) Cash management: How does the company manage its short-term working capital?
During the operation, uncertainty sometimes arises because the amount and time of operating cash inflows and operating cash outflows are often inconsistent. The fourth major issue is to optimally manage the gap between cash inflows and outflows and timing inconsistencies.
Among the four major decisions of investment, financing, dividends and cash management, the capital budget decision is the most important and core decision to create company value. It uses the company's limited resources in the most competitive development direction to create the greatest value for the company. Financial management is to provide a clear concept and a complete structure to allow financial managers to make correct capital budgeting decisions.
Hawawini and Viallet: Finance for Executives,2011.
Gwogorng Liaw: Financial Decision Analysis, 2012.
hawawa INI and via T: finance for executives, 2011.
| 評分項目 Grading Method | 配分比例 Grading percentage | 說明 Description |
|---|---|---|
| 期中與期末各50%期中與期末各50% 50% each for midterm and final |
100 |
