合並中的財務(英文版)(ppt 63頁)

Objectives :To Develop an understanding of
1. Principles of financing Decisions and appropriate Capital structures
2. Financial implications of a change in size or circumstances
3. Principles of risk management
4. Effective management of Foreign currency and related treasury transactions
5. Source of Capital and Capital anagement
Most Important Decision：
1. The Investment Decision often viewed as the most important decision.
2. Decision made now affects future returns.
3. Generally can’t reverse decision without significant loss of initial investment.
Lease V Buy Alternative Method (Page 241)
1. Financing Decision
-Leasing V Outright purchase using after tax cost of borrowings as COC
2. Investment Decision
-Operating CF using WACC and incorporate PV of Best Financing Decision

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