Financieel management
Inhoud
H1: Financieringslandschap........................................................................................................3
H2: Financieel management – basisconcepten..........................................................................3
VOORRAADROTATIE................................................................................................................4
KLANTENKREDIET....................................................................................................................4
LEVERANCIERSKREDIET...........................................................................................................5
DE THESAURIE.........................................................................................................................5
RENDABILITEITSCOËFFICIËNTEN.............................................................................................5
RESULTATEN EN OMZET.........................................................................................................5
RESULTATEN EN HET TOTAAL VAN DE ACTIVA...................................................................5
NETTOBEDRIJFSRESULTAAT....................................................................................................6
BEDRIJFSCASHFLOW...............................................................................................................6
NETTORESULTAAT...................................................................................................................6
RESULTATEN EN DE EIGEN MIDDELEN................................................................................7
FALINGSPREDICTIEMODELLEN................................................................................................7
1. RENDABILITEIT EN LIQUIDITEIT....................................................................................7
2. DE ALARMPEILEN.........................................................................................................7
3. MODEL VAN ALTMAN..................................................................................................8
4. MODEL VAN DE NATIONALE BANK VAN BELGIË (cry)..................................................8
EVALUATIEMETHODES VOOR INVESTERINGEN......................................................................9
H3: Waardering van de onderneming......................................................................................10
TRADITIONELE/ORGANISCHE BENADERING.........................................................................10
1. Het gecorrigeerd eigenvermogen (GNV)....................................................................10
2. DCF (Discounted cashflow) methode (RW = Rendementswaarde)............................10
3. De objectieve waarde.................................................................................................10
4. De comparables (3 opties)..........................................................................................11
ANORGANISCHE BENADERING.............................................................................................11
1. Comparables...............................................................................................................11
2. Optiebenadering.........................................................................................................11
3. De residuele waarde (uitgestelde DCF-methode of VC methode)..............................11
H4: Kredietfinanciering: kredieten en risico’s...........................................................................13
1
HOEVEEL EV/VV: DE OPTIMALE KAPITAALSTRUCTUUR........................................................13
, Tandwiel en hefboom (= gearing and leverage)...............................................................13
WELKE KREDIETVORMEN......................................................................................................13
Financieringsbeslissing......................................................................................................13
Korting voor contante betaling.........................................................................................13
Bankenkredieten KT..........................................................................................................13
Bankenkredieten LT..........................................................................................................14
RISICOANALYSE.....................................................................................................................14
Model................................................................................................................................14
H5: Mezzanine..........................................................................................................................15
H6: Formeel risicokapitaal........................................................................................................15
H7: Informeel risicokapitaal – Business Angels (BA)................................................................15
H8: Lovemoney and crowdfunding...........................................................................................15
WINWINLENING................................................................................................................15
H9: Beurs als financieringsinstrument – de uitgifte van aandelen...........................................15
Marktkapitalisatie.............................................................................................................15
Financiering via de beurs.................................................Fout! Bladwijzer niet gedefinieerd.
Waarde voorkeurrecht......................................................................................................16
Beurswaarde en intrinsieke waarde van een bedrijf......Fout! Bladwijzer niet gedefinieerd.
H10: De Bazel-akkoorden..........................................................................................................16
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller LouiseBakkers. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $6.98. You're not tied to anything after your purchase.