ANALYSIS, USING AND UNDERSTANDING FINANCIAL STATEMENTS OF THE FIRM [AUFSF2010] ANALYSIS, USING AND UNDERSTANDING FINANCIAL STATEMENTS OF THE FIRM
ANALYSIS, USING AND UNDERSTANDING FINANCIAL STATEMENTS OF THE FIRM [AUFSF2010] 2 ANALYSIS, USING AND UNDERSTANDING FINANCIAL STATEMENTS OF THE FIRM www: Mobile: lectures + 1 exam (individual homework sent via + test) Next lecture: 6 th October. Michalski G., Prediction cooperator future condition using financial statements (In Polish: Ocena kontrahenta na podstawie sprawozdań finansowych), ODDK, Gdańsk, D.R.Harrington, B.D. Wilson, Corporate Financial Analysis, Irwin.
ANALYSIS, USING AND UNDERSTANDING FINANCIAL STATEMENTS OF THE FIRM [AUFSF2010] 3 Basic financial aim of the firm Firm value maximization: Where: FCF n = free cash flows, CC = cost of capital financing the firm (WACC) n = period in which FCF n will be generated
ANALYSIS, USING AND UNDERSTANDING FINANCIAL STATEMENTS OF THE FIRM [AUFSF2010]