Book & Internet Resources
     •  Eugene F. Brigham, Joel F. Houston, Fundamentals of 
        Financial Management, 12th edition. South-Western 
        Cengage Learning, 2009. (Free PDF copy).
     •  http://www.wikiwealth.com/company  – WACC Analysis, 
         Equity Stock Research and more…
     •  https://www.mckinseyquarterly.com/Corporate_Finance – 
        McKinsey Quarterly: Capital Management, M&A, 
        Performance, Valuation.
     •  www.damodaran.com – Damodaran Online,                       
            Aswath Damodaran, Professor of Finance at the Stern 
        School of Business at New York University.
   1. Overview of Financial 
      Management
          Structure of National Financial System 
                                               FINANCIAL SYSTEM
               Centralized Finances                                        De-Centralized Finances 
          State                     Finances of                   Finances          Finances of            Finances of 
        Finances                Territorial Subjects                   of         noncommercial             commercial 
                                                                 households         organizations         organizations
  Budgetary system                           State and municipal 
    (budgets of the          Off-budget              loans
 country, its subjects,        Funds
    municipalities)                                                                                Financial relations 
                                                                                                      with “Abroad”
                                                     BANK SYSTEM
               Финансовые
                  потоки              FINANCIAL  MARKETS                       
                                                      (Participants: investors, 
                                        borrowers, financial intermediaries)
      Source: V.Kovalev. Financial Management
  Career Opportunities in Finance
  • Institutions and capital markets
  • Investments
  • Financial management
      Finance in the Organizational Structure of a Firm
                                         Board of Directors
                                          Chairman (CEO)
                                          President (COO)
           Vice President:              Vice President: Finance             Vice President: 
           Sales                                 (CFO)                      Manufacturing
         Manages Directly Cash, 
        marketable Securities.
     2. Plans capital Structure.
     3. Manages Pension Fund.
     4. Manages Risks.            Treasurer
                                                         Controller
      Credit          Inventory    Director of          Cost            Financial      Tax 
      Manager         Manager      Capital              Accounting      Accounting     Department
                                   Budgeting