Excerpt from Introduction to Business Finance<br/><br/>For some years now increasing interest has been evidenced among both academicians and practitioners in a new approach to the teaching of business finance. Both formal and informal conferences have been held on the subject at the annual meetings of the American Finance Association; various collegiate schools of business administration have experimented with new materials and courses; and quite a few finance texts introducing somewhat different approaches have appeared since the conclusion of the Second World War. The essence of the feeling among those who have expressed themselves in favor of a change from the traditional corporation finance course is that this approach is neither suited to the experience of the typical under graduate student nor consistent with the objectives of collegiate educa tion in business. The subject matter tends to be too sophisticated in na ture by being too concerned with the financing of large corporations. Also, by concentrating on the institutions and instruments of corporate finance, the standard texts and courses have been more introductory to the general subject of investments than to business finance. Since finance is one of the major administrative functions in business, along with production and marketing, it would seem reasonable to teach it from. The administrative standpoint. And since the beginning course in any subject should be generic in nature rather than specific, the sub ject matter should not be concerned with only one type of business organization, e.g., the corporation. The focal point should be that of financial management, the principles, institutions, and instruments of which might be transferred to any type of business enterprise and applied to any situation. Finally, such an approach is more consistent with that of other basic business courses and therefore is more easily compre hended by the student.
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Anbieter: Forgotten Books, London, Vereinigtes Königreich
Paperback. Zustand: New. Print on Demand. This book explores the world of business finance, taking a fresh approach that moves beyond the traditional focus on large corporations. The author emphasizes a managerial perspective, highlighting the importance of understanding the fundamental principles of financial administration as applied to any type of business enterprise, large or small. The book delves into the essential functions of financial management: planning for future needs, securing the necessary funds, and overseeing the effective use of resources. It also considers the significance of different legal structures ââ â sole proprietorships, partnerships, and corporations ââ â and how these structures impact the distribution of risk, income, and control among investors and creditors. The author examines the concept of financial risk in detail, considering the various types of uncertainties that businesses face, from economic fluctuations to natural disasters. The book provides a comprehensive framework for understanding the fundamental principles and practices of business finance, offering valuable insights for anyone seeking to navigate the complexities of financial decision-making in a dynamic economic environment. This book is a reproduction of an important historical work, digitally reconstructed using state-of-the-art technology to preserve the original format. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in the book. print-on-demand item. Bestandsnummer des Verkäufers 9781390456660_0
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