Introduction to Corporate Finance: Understanding the Basics of Business Finance, Summaries of Corporate Finance

Download Introduction to Corporate Finance: Understanding the Basics of Business Finance and more Summaries Corporate Finance in PDF only on Docsity! cHYONG? GIOTI THIEU VE TAI CHINH DOANH NGHIEP fo CHAPTER 1 INTRODUCTION TO CORPORATE FINANCE MUC TIEU CUA CHUONG '= Sau khi hoc xong chung nay, sinh vién 5 thé: = Biét vé céc quyét dinh tai chinh oo ban va vai trd ala nha quan tri tai chinh. ' Biét vé téc dng t&i chinh cla céc lai hinh doanh nghiép kde nhau. > Hidu 16 muc tidu cla quan tri ti chinh, ‘= Hiéu 16 su mau thudn trong lol ich cé thé phat sinh gitfa nha quan tri va 06 dng. ‘= Biét vé céc quy dinh khic nhau ma cing ty o6 phién phai tuan theo. cAU TRUC CUA CHUONG = 1.1 TAI CHINH DOANH NGHIEP LA Gi? = 1.2 LOAT HINH DOANH NGHIEP = 1.3 TAM QUAN TRONG CUA DONG TIEN = 1.4 MUC TIEU CUA QUAN TRI TAI CHINH 1.5 VAN DE DAI DIEN VA KIEM SOAT TRONG CONG TY CP. = 1.6 QUY BINH 7/24/17 1.1 TAI CHINH DOANH NGHIEP LA Gi? = Muc tiéu alia doanh nghiép [a tao ra gi tri cho chi sd hiiu. = BAN CAN DOI KE TOAN on 4 1.1 TAI CHINH DOANH NGHIEP LA GI? '= Tai sin doanh nghigp: ti san luu déng, tai sin ngén han (aurrent assets) va t8i san c6 din, t8i san dai han (fixed assets). = Ngun vén ala doanh nghiép: ng ngén han (current lability), 1g di han (long term debt) va vén cB phn (equity). © Vn oS phiin Ia t8i san cla cB déng sau khi tr hét ng. '= Téng tai san = Téng ngun vén, 1.1 TAI CHINH DOANH NGHIEP LA Gi? » CAC QUYET BINH TAI CHINH CO BAN '= Doanh nghigp nén dau tur vio tai sin dai han no? Quyét dinh dau tu, hoach dinh ngén sch vén (capital budgeting). = Doanh nghigp huy déng nguén tién tir du? Quyét dinh tai tro, quyét dinh cSu tric vén (capital structure) '= Dang tién trong ngn han dutsc quan I ra sa0? Dong tién vio va ra khéng khdp nhau => nhu cu vén luan chuyén rong (net working capital). 7/24/17 1.2 CAC LOAI HINH DOANH NGHIEP TEE ong Gre QUIT C6 dong od thé biéu quyét cdc Céc thanh vién théng thuting nar Icéng ty «8 phn bi dénh thu 2Céc céng ty hgp danh khéng eae SESH ee OTE en [C5 ding 6 trich nhiém t8i chin Céc d6i tc théng thing chi trich] ‘nhigm ti chinh v6 han 1.2 CAC LOAI HINH DOANH NGHIEP = Céng ty TNHH (LLC - Limited Liability Company): vén hanh va nh thu giéng cing ty hgp danh nhumng cé tréch nhiém t8i chinh hu han cho chu si hitu. = LLC khéng thé qué ging céng ty cé phn néu khéng $8 bi dénh thu 2 n. '= IRS (Internal Revenue Service) s8 quyét dinh mét LLC c6 pha 18 céng ty 66 phiin hay khéng. 1.2 CAC LOAI HINH DOANH NGHIEP ' Cac tn goi khéc ala céng ty 06 phian BayercheMotoren Bic Alsengeselschaft (Coog ty c6 phn ‘Werke MW) AG Red Bull Gt bo Gceelichat mit Coog ty rch niém ou BeschrankterHaftung han RolsRoyeePiC ——WuengqucAnh Public mtedcompary Cg tytréchnhigm hi ‘han dal ching | Shell UKs, WaengquécAnh Limited cong ty c6 phn Unilever Halon NaamlozeVennootchap ing tyc6 phn Fatspa y Socita per Aion cong ty 6 phn oo AB Thuy Din Algeboag Cong ty c6 pin Peugoet A Societe Anooyme coogry cb phn 7/24/17 1.3 TAM QUAN TRONG CUA DONG TIEN = Céng ty cé thé tao ra gi tri khi: 1 Mua ening ti sin to a vt hon ci pl 6 ra mua ching, 1 Bin cdc cing cy tic soo cho thu du eu ha ct phi pt. '= Céng ty phai t20 ra nhi8u tién hain tién phai tra. 1.3 TAM QUAN TRONG CUA DONG TIEN '= Theo thai gian, néu 96 tién chi tra cho trai chi va 6 déng (F) ln han 56 tién huy dng tir ho (A) nghia la céng ty di tao ra gi ti. '= Xéc dinh dong tién 1 cng ty Masand host dng lan dosnt tinh han v8 nh dah ving, Vio cut nim, cg ty bin 2.500 ounces ving va $1 miu, Ging di mua ving ‘vo dau nim vii i $900.000. ing ty ctr bing in mgt mua ving, Tuy nin ng ty iva thin due ek ng mua vg cia 1.3 TAM QUAN TRONG CUA DONG TIEN *= Xéc din dong tién ty Midland cory 8Béo cho thu nhip theo quan diém kétosn poate ed DDoanh thu ‘$1900.00 =Chiphi =900000 minha 3700000 Ronan Ce eer fiber Dong tén vio 0 Dong ten ra =$900000 500000 7/24/17 7/24/17 1.3 TAM QUAN TRONG CUA DONG TIEN '= Thai diém to ra dong tién: métd6 la nhn dug hém nay thi 6 gié tr hon 1 06 la é nm sau. > cng ty Mesand dang ha chon gia hal dy én sin tr sin phim msl C3 bald dn du tap db tin pit sinh wong Khadng tht lan 4 nm v3 cS ch i dt ban Bu $10,000. Dk dy B dng tnt al dy dn ny 1 0 ‘$4000 2 0 “4000 3 0 ‘4000 20000 4000 1.3 TAM QUAN TRONG CUA DONG TIEN = Rui ro cla dong tn: hu hét céc nha du tue ngai véi sue khdng chéc chén hod riiro cia dng tién. = Céng ty Midand dang dy ch mi og oat eg a mc nod. Ce ty dang xt hol th sng Nt Bn v8 Chu Au. Cu Au dge cho an ton rong ki hogt ding @ Nhs Ban ov tro. Tong chal tug ha, eg ty 58 ding ofa host dog sau 1 im, Biquan— Binhthiong Lac ‘chiv Au $7500 100000 $125000 Nhat bin ° 150000 200000 1 1 68 qua ech bn i quan Mgt Bn 0 EB Wa chon Bt bon ung tinh v0 th King ce, 1.4 MUC TIEU CUA QUAN TRI TAI CHINH = CAC MUC TIEU CO THE CO = 54 tn a cia cog ty = Teh bi qu ich 8p sin = bin bat cc 61 i anh wank = 16; da hol dant shoe i pin = Gab io pt 2 Te aahos ent = Duy sting dg ha rp mgt cich Su din "= G6 2 nhém muc tiéu: (1) sy gia tang trong thu nhp hod Il nhun v3 (2) kiém soat ri ro