基于《Essentials of Financial Management 》课堂要点整理笔记，主要用于查询公式。

目录

• Lecture1-chp 01 02
  • Proprietorships and Partnerships
  • Corporation
• Lecture2-chp 04
  • Data of D’Leon
  • Ratios
    • Liquidity
      • Curr ratio
      • Quick ratio
    • Asset management
      • Inv.turn
      • DSO
      • FA.turn
    • Debt management
      • Debt ration
      • TIE
    • Profitability
      • Operating Margin
      • Profit Margin
      • Basic earning power
      • ROA
      • ROE
      • Book value per share
    • Market value
      • P/E
      • M/B
• Lecture3-chp 05
  • Perpetuity and its Present Value
    • PV
    • PV of a N-year ordinary annuity
  • Others
  • Loan Amortization
• Lecture4-chp 07 09
  • Discount bond and Premium bond
  • Bond Valuation
  • Current yield CY and the Capital gains yield CGY
  • Price Risk and Reinvestment Risk
  • Bond Rating
  • Eterminants of Interest Rate
• Lecture5-chp 10
  • Constant Growth Stock
  • Dividend Yield and Capital Gains Yield
  • Find the Firm’s Intrinsic Value
  • Other Approaches to Stock Valuation
• Lecture6-chp 08
  • Selected Realized Returns
  • Coefficient of Variation
  • Risk
  • Beta
  • Securities Market Line
  • CAPM
  • Over/Undervalued
• Lecture7-chp 11
  • capital structure
  • Weighted Average of Capital
    • RB
    • RP
    • RS
  • Flotation Costs
• Lecture8-chp 12
  • IRR
  • MIRR
  • Payback Period
• Lecture9-chp 13
  • Relevant Cash Flows
    • Initial
    • Anual
    • End
  • Three Types Risk
  • Scenario Analysis
• Lecture10-chp17
  • Three type of Working Capital
  • Two type of Current Assets
  • Maturity Matching
  • Cash Conversion Cycle
  • Credit Policy
  • Effects of Reducing DSO

Lecture1-chp 01 02

Proprietorships and Partnerships

• Advantages
  • Ease of formation
  • Subject to few regulations
  • No corporate income taxes
• Disadvantages
  • Difficult to raise capital
  • Unlimited liability
  • Limited life

Corporation

• Advantages
  • Unlimited life
  • Easy transfer of ownership
  • Limited liability
  • Ease of raising capital
• Disadvantages
  • Double taxation
  • Cost of setup and report filing

Lecture2-chp 04

Balance Sheet of D’Leon: Assets

Balance Sheet: Liabilities and Equity

Income Statement of D’ Leon

Other Data of D’Leon

Ratios

Liquidity

Asset management

Debt management

Profitability

Market value

Lecture3-chp 05

Perpetuity and its Present Value

Others

Loan Amortization

Lecture4-chp 09 07

Discount bond and Premium bond

Bond Valuation

Current yield (CY) and the Capital gains yield (CGY)

Price Risk and Reinvestment Risk

Bond Rating

Eterminants of Interest Rate

Lecture5-chp 10

Constant Growth Stock

• The constant growth model can only be used if: rs > g, and g is expected to be constant forever.

Dividend Yield and Capital Gains Yield

• Expected Total Return = Dividend Yield + Capital Gains Yield

Stock valuation based on Free Cash Flow FCF

Find the Firm’s Intrinsic Value

Other Approaches to Stock Valuation

Lecture6-chp 08

Selected Realized Returns

Coefficient of Variation

Risk

Beta

Securities Market Line

CAPM

Over/Undervalued

Lecture7-chp 11

capital structure

Weighted Average of Capital

RD

RP

RS

Flotation Costs

• only the newly issued common stock

Lecture8-chp 12

IRR

MIRR

Payback Period

Lecture9-chp 13

Relevant Cash Flows

Initial

Anual

End

Three Types Risk

Scenario Analysis

Lecture10-chp17

Three type of Working Capital

Two type of Current Assets

• A = E + L

Maturity Matching

Cash Conversion Cycle

Credit Policy

Effects of Reducing DSO