1. Introduction to Financial Management1 Financial Management Decisions  Capital Budgeting Long-term Risk / timing  Capital Structure Debt vs. Equity  Working Capital Short-term

2. Introduction to Financial Management2 Legal forms of business  Sole proprietorship Number of owners Advantages Disadvantages

3. Introduction to Financial Management3 Legal forms of business  Partnership Number of owners Advantages Disadvantages

4. Introduction to Financial Management4 Legal forms of business  Corporation Number of owners Advantages Disadvantages

5. Introduction to Financial Management5 Goals of financial management  Increase… Profits? Management’s wealth? Stock price…shareholder wealth  Does ethical behavior conflict with this goal?

6. Introduction to Financial Management6 Financial markets  Secondary Where can you get Google stock? Lots  Primary IPO Private placements