CPA - FINANCIAL ACCOUNTING - FINANCIAL MANAGEMENT OF COMPANIES - LESSON 1

Описание: 📌 In This CPA Lesson, You Will Master:
Nature and Scope of Financial Management: Define financial management and its crucial role in maximizing shareholder wealth.

Understand the relationship between finance, accounting, and economics.

Identify the core functions of a Financial Manager (Investment, Financing, and Dividend Decisions).

Goals of the Firm: Analyze the primary financial objective (shareholder wealth maximization) versus traditional goals like profit maximization.

Explore non-financial objectives and how they fit into the overall corporate strategy.

Agency Theory and Corporate Governance: Understand the Agency Problem (conflict between management and shareholders) and the mechanisms used to align their interests.

Review the role of Corporate Governance principles (e.g., Board of Directors, Audit Committees) in protecting investor interests.

Risk and Return Fundamentals: Introduce the basic concept of the risk-return trade-off and its influence on investment and financing decisions.

Distinguish between risk-free and risky assets.

This is essential groundwork for the Intermediate and Advanced levels of your CPA qualification, providing the conceptual understanding needed to analyze complex financial scenarios.

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