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6 Cards in this Set

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  • Back
Finance is concerned with...
the acquisition and allocation of funds among a firm's activities.
what are the two functions of a chief financial officer?
1. financing decisions-
2. investment decisions-
what are financing decisions?
generating funds internally or externally at the lowest cost
What are investment decisions?
allocating funds over time in such a way that shareholder wealth is increased.
What is the financial goal of the firm?
to maximize the shareholders' wealth
How has the CFO's duties changed?
Today a CFO designs corporate strategies and serves as the architecht for acquisitions, takeover defenses, overseas expansion, and corporate restructuring.
often on Board of Directors
often 3rd in Co. behind Prez & VP.