•What is Finance Anyway?What is this course all about?
•Accounting is the language of business.•Finance uses accounting informationtogether with other information to makedecisions that affect the market value of the firm.•There are
primary decision areasthat are of concern.
•Three decision areas infinance:
•Investment decisions - What assetsshould the company hold? Thisdetermines the left-hand side of thebalance sheet.•Financing decisions - How should thecompany pay for the investments itmakes? This determines the right-handside of the balance sheet.•Dividend decisions - What should be donewith the profits of the business?