Professional Documents
Culture Documents
Slides by
Matthew Will
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Topics Covered
Organizing a Business
The Role of The Financial Manager
Who Is The Financial Manager?
Goals of the Corporation
CEO Pay
Irwin/McGraw Hill Copyright © 2003 by The McGraw-Hill Companies, Inc. All rights reserved
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Organizing a Business
Irwin/McGraw Hill Copyright © 2003 by The McGraw-Hill Companies, Inc. All rights reserved
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Organizing a Business
Sole Partnership Corporation
Proprietorship
Who owns the The manager Partners Shareholders
business?
Are managers No No Usually
and owners
separate?
What is the Unlimited Unlimited Limited
owner’s
liability?
Are the owner No No Yes
& business
taxed
separately?
Irwin/McGraw Hill Copyright © 2003 by The McGraw-Hill Companies, Inc. All rights reserved
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Corporate Structure
Sole Proprietorships
Unlimited Liability
Personal tax on profits
Partnerships
Limited Liability
Corporations Corporate tax on profits +
Personal tax on dividends
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(2) (1)
Firm's
Financial
operations (4a) Investors
Manager
Real assets
(3) (4b)
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Irwin/McGraw Hill Copyright © 2003 by The McGraw-Hill Companies, Inc. All rights reserved
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“Capital Budgeting”
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Treasurer Controller
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Careers in Finance
Career Annual Salary
Commercial Banking
Loan Officer $ 60,000 +
Department Manager $ 100,000 +
Corporate Finance
Financial Analyst $ 38 - 47,000
Credit Manager $ 30 - 63,000
Chief Financial Officer $ 232 - 295,000
Money Management
Portfolio Manager $ 500,000 +
Bank Trust Department $ 100,000 +
Irwin/McGraw Hill Copyright © 2003 by The McGraw-Hill Companies, Inc. All rights reserved
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Irwin/McGraw Hill Copyright © 2003 by The McGraw-Hill Companies, Inc. All rights reserved
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Irwin/McGraw Hill Copyright © 2003 by The McGraw-Hill Companies, Inc. All rights reserved
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CEO Pay
CEO Compensation 2001 ($ millions)
source: www.forbes.com/ceos
Irwin/McGraw Hill Copyright © 2003 by The McGraw-Hill Companies, Inc. All rights reserved
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Web Resources
Click to access web sites
Internet connection required
www.financewise.com
www.businessweek.com
www.fortune.com
www.fei.org
www.fma.org/Student/studentindex.htm
www.wetfeet.com/asp/home.asp
www.corpgov.net
www.careers-in-finance.com
Irwin/McGraw Hill Copyright © 2003 by The McGraw-Hill Companies, Inc. All rights reserved