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Understanding Business, 6/e
William G. Nickels
James M. McHugh
Susan M. McHugh
Chapter 19: Financial Management
Learning Objectives
After you have read and studied this chapter, you should be able to:
Explain the importance of finance.
Describe the responsibilities of financial managers.
Tell what financial planning involves and define the three key budgets of finance.
Recognize the financial needs that must be met with available funds.
Distinguish between short-term and long-term financing, and between debt capital and equity capital.
Identify and describe several sources of short-term financing.
Identify and describe several sources of long-term financing.
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