Summary of Michael Taillard's Corporate Finance For Dummies

By IRB Media

Get the Summary of Michael Taillard's Corporate Finance For Dummies in 20 minutes. Please note: This is a summary & not the original book. Original book introduction: The math, formulas, and problems associated with corporate finance can be daunting to the uninitiated. Corporate Finance For Dummies introduces you to the practices of determining an operating budget, calculating future cash flow, and scenario analysis in a friendly, un-intimidating way that makes comprehension easy.

Corporate Finance For Dummies covers everything you'll encounter in a course on corporate finance, including accounting statements, cash flow, raising and managing capital, choosing investments; managing risk; determining dividends; mergers and acquisitions; and valuation.

• Language: English
• Publisher: IRB Media
• Release date: Dec 1, 2021
• ISBN: 9781952482977

IRB Media

With IRB books, you can get the key takeaways and analysis of a book in 15 minutes. We read every chapter, identify the key takeaways and analyze them for your convenience.

Book preview

Insights on Michael Taillard's Corporate Finance For Dummies

Contents

Insights from Chapter 1

Insights from Chapter 2

Insights from Chapter 3

Insights from Chapter 4

Insights from Chapter 5

Insights from Chapter 6

Insights from Chapter 1

#1

Money is just a tool used by corporate finance to measure the value of everything else. Understanding money and how it works will help you advance in the field of corporate finance.

#2

Money is simply a form of debt. When you have money, you owe it to someone else.

#3

Money is simply a measurement of debt. It is used to measure the value that people place on things. Money is used to compare apples and oranges, and people will pay more for the one they consider to be better.

#4

Corporate finance is the study of how groups of people allocate resources among themselves, put a value on goods and services, and interact with each other in the exchange of these goods and services. Those organizations that are more effective at developing a cohesive team of people who work together to build value will be more successful than their competitors.

#5

Corporate finance is the study of how groups of people distribute themselves and their resources, and how they value and exchange those things among themselves. Everything in the world has value, and corporate finance can be used to measure that value.

#6

Corporate finance is the study of how money is used as an intermediary of exchange between and within groups to redistribute value as necessary.

#7

Corporate finance is the study of how corporations make money. It allows you to measure how effectively you are making decisions and optimize the outcome of future decisions.

#8

Every aspect of your life is affected by the data derived from corporate finance. Everything that makes you who you are can be quantified in terms of money. If it can be quantified in terms of money, decisions are made based on money.

#9

Understanding corporate finance helps you better manage your professional and financial life, whether you work for a company or not.

#10

Corporate finance is the study of how companies raise capital, use it, and pay it back to investors. It is an intricate field of study with many specialized organizations and people.

#11

Finance companies and organizations include banks, investment firms, and insurance companies. They all serve a specific purpose within the financial system and economy.

#12

A corporation is a special type of organization that allows the transfer of ownership of its shares without having to legally reorganize the company. This characteristic has a few significant implications that differ from other forms of companies.

#13

When dealing with a money manager, you are either dealing with a commercial bank, a savings institution, or a credit union.

#14

There are many kinds of deposit-taking institutions, and the three main ones are commercial banks, credit unions, and savings and loan associations.

#15

The main difference between a regular bank and a credit union is that regular banks make profits through interest rates, while credit unions do so through the redistribution of dividends.

#16

Insurance companies manage risk for organizations, and they do so by charging a premium to the insured and making profits by charging more than the statistical cost of covering claims.

#17

Health insurance is a popular benefit for employees because being insured as part of a large group is cheaper than trying to find individual insurance.

#18

Life insurance is a form of insurance that pays a benefit if a specified person dies. Life insurance is taken out on employees who have special skills or knowledge that cannot be replaced at a low cost.

#19

Securities firms provide transaction services related to financial investments, which are quite distinct from the services provided by traditional depository institutions.

#20

Investment banks provide a variety of services, such as underwriting stock offerings, brokering trades on the secondary market, and consulting for corporations.

#21

A broker is a middleman who facilitates the buying, selling, or trading of securities. A discount broker does the same, except they do not provide advice or