From the course: Corporate Finance Foundations
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Finance inside of companies
From the course: Corporate Finance Foundations
Finance inside of companies
- So, what is finance? Finance, broadly defined, involves deciding what you need to buy, determining where you're going to get the money to buy those things, and then managing those things once you've bought them. Let's drill down inside a company to learn how companies make decisions about financing and how those decisions impact company spending. First, how do I decide what things I need? Well there are long term decisions that need to be made. Do I need to buy some land? Do I need to buy some buildings? Do I need to buy machines? This long term decision making process is part of finance. Turns out short term finance decisions include deciding how much cash I need. How much inventory should I have on hand? Should I let my customers buy on credit? Making these short term decisions is part of finance. These short term finance decisions also include deciding on operating items, such as the appropriate number of staff…
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