CHAPTER 5

Financial Management

This film cost $31 million. with that kind of money, I could have invaded some country.                                                                                             Clint Eastwood, actor and director

CONTENTS

Chapter Objectives

Introduction

Structures for Managing Finances

Fundamental Financial Concepts

Key Financial Statements

Financial Responsibilities in the Age of Sarbanes-Oxley

A Day in the Life of Sam Bush

Financial Management Systems

Managerial Finance: Strategic Planning and Budgeting

Financial Strategies

Summary

What’s Ahead

Case Study 5.1 Performance Reports

Case Study 5.2 Setting the Budget

References

CHAPTER OBJECTIVES

After reading this chapter, students will understand: ...

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