Matakuliah : J0084 / Introduction to Management
and Business
Tahun
: 2007
Versi
:1/3
Pertemuan 25 (Twentyfifth Meeting)
Financing
Halaman 1
Learning Outcome
Student should be able to use financing method
through liabilities, equity in an optimal manner
in order to develop business -> C3
Halaman 2
Learning Outline
• Financing Method Through Liabilities
• Financing Method Through Equities
• How Company Establish Securities
• Others Fund Collection Method
• Determining Capital Structure
• Completion of Liabilities Problems
Halaman 3
1. Financing Method Through Liabilities
a. Borrowing from Finance Institution:
1) Plan of the use of fund
2) Company’s financial condition
3) Industrial environment
4) Loan guarantee
Halaman 4
b. Establishing Bonds
1) Secure bonds
2) Unsecured bonds
3) Call feature
c. Establishing Commercial Paper
d. Impact of Financing Level Toward Interest
Halaman 5
2. Financing Method Through Equities
a. Retained Earning
1) Dividend policy
* Shareholders expectation
* Company needs of financing
Halaman 6
a. Establishing Stock
1) Common stock
2) Preferred stock
3) Entering stock market
Initial public offering - IPO
b. Comparison between financing Through
Equities and Financing Through Liabilities
Halaman 7
3. How A Company Issues Securities
a. Preparation
b. Giving a guarantee
c. Distribution
Halaman 8
4. Others Fund Collection Method
a. Supplier Financing
b. Leasing
Halaman 9
5. Determining Capital Structure
a. To Change Capital Structure
b. How Capital Structure Can Influence
return on Equity
$ 1.000.000
A
B
ROE =
= 10%
$ 10.000.000
$ 1.000.000
ROE =
= 50%
$ 2.000.000
Halaman 10
6. Completion of Liabilities Problems
a. Extension
b. Composition
c. Private Liquidation
d. Formal completion
Halaman 11