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Financial Management for Non-Financial Managers 2014-01-07 Financial Management for Non- Financial Managers.

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Presentation on theme: "Financial Management for Non-Financial Managers 2014-01-07 Financial Management for Non- Financial Managers."— Presentation transcript:

1 Financial Management for Non-Financial Managers 2014-01-07 Financial Management for Non- Financial Managers

2 2 Financial Management for NonFinancial Managers E-mail: GRZEGORZ.MICHALSKI@UE.WROC.PLGRZEGORZ.MICHALSKI@UE.WROC.PL www: HTTP://MICHALSKIG.UE.WROC.PL/HTTP://MICHALSKIG.UE.WROC.PL/ Mobile: +48503452860 3 lectures + 1 exam (individual homework sent via email + test) Next lecture: 13 th October. WEDNESDAYS, 3 p.m., E205 WUE Brigham E., Financial Management: Theory and Practice

3 Financial Management for Non-Financial Managers 3 Basic financial aim of the firm Firm value maximization: Where: FCF n = free cash flows, CC = cost of capital financing the firm (WACC) n = period in which FCF n will be generated

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