For the version with MyFinanceLab, please perform a new search using the following ISBN: 9314994246308
The sixth edition of Financial Management provides students with an overview of financial management suited to the first course in finance. The focus of the text is on the big picture, providing an introduction to financial decision making grounded in current financial theory and the current state of world economic conditions. Attention is paid to both valuation and capital markets, as well as their influence on corporate financial decisions. The 10 basic principles of finance are introduced in the first chapter and woven throughout the text, to give students a solid foundation from which to build their knowledge of finance.
The goal of this text is to go beyond teaching the tools of a discipline or a trade and help students gain a complete understanding of the subject. This will give them the ability to apply what they have learnt to new and as yet unforeseen problems-in short, to educate students in finance.
PART 1: SCOPE AND ENVIRONMENT OF FINANCIAL MANAGEMENT
Chapter 1: The role of financial management
Chapter 2: The tax environment
Chapter 3: The financial markets
Chapter 4: The time value of money
PART 2: FINANCIAL PLANNING AND ANALYSIS AND WORKING-CAPITAL MANAGEMENT
Chapter 5: Evaluating a firm's financial performance
Chapter 6: Financial forecasting, planning and budgeting
Chapter 7: Working-capital management and short-term financing
Chapter 8: Current asset management
PART 3: VALUATION AND MANAGEMENT OF LONG-TERM INVESTMENT
Chapter 9: Risk and rates of return
Chapter 10: Valuation of bonds and shares
Chapter 11: Capital budgeting: concepts and methods
Chapter 12: Capital budgeting: cash-flow identification and project ranking conflicts
Chapter 13: Risk in capital budgeting
Chapter 14: Cost of capital
PART 4: CAPITAL-STRUCTURE AND DIVIDEND POLICY
Chapter 15: Analysis and impact of leverage
Chapter 16: Capital-structure policy
Chapter 17: Dividend policy and internal financing
PART 5: LONG-TERM FINANCING
Chapter 18: Long-term debt finance
Chapter 19: Shares and convertible securities
PART 6: SPECIAL TOPICS IN FINANCE
Chapter 20: International business finance
Chapter 21: Corporate risk management
Chapter 22: Mergers and acquisitions (available on this page)
In addition to updating and streamlining the material, the following major additions have been made to Financial Management:
NEW Regardless of Your Program feature relates financial management content to other business majors and non-finance-related careers.
NEW Global Financial Crisis feature examines the nature of the GFC and discusses the ongoing effects it has on the world today.
NEW Your Money feature delivers a personal note on financial management and the many facets of life it may apply to.
Chapter 9 includes expanded coverage of applying the capital asset pricing model to determining investors' required rates of return.
Chapter 16 is revised and renamed to reflect capital-structure-policy decision making.
Learning objectives-outlined at the beginning of each chapter and referenced throughout with summaries at the end of each chapter-give students an excellent revision tool.
Finance at work-boxed feature of contemporary real-world media extracts highlighting the relevance of finance to the business world.
International spotlight-boxed feature with examples of international finance highlighting the continued globalisation of world markets.
Back to the principles reiterates the ten founding principles of finance in the context of coverage in each chapter.
Web Works provide useful internet links and questions to make finance topics relevant and engaging.
In-margin glossary gives students definitions for important financial terminology adjacent to the first appearance of the term in the chapter.
End-of-chapter problems and questions give students the opportunity to review and revise their knowledge of theory and practise by solving problems.
FYI-these short sections emphasise important concepts
One Step Further-For the inquisitive student who wants to know more than the 'basics', the One Step Further boxes extend the discussions.
Calculator Sloutions updated to latest version of Sharp 735S and 738.
Each chapter also includes, Key Terms, Review Questions, Self-Test problems, Problems and a Case Study.
MyFinanceLab, a fully integrated homework and tutorial system, solves one of the biggest teaching problems in finance courses: students learn better when they practise by doing homework problems, but grading complex multipart problems is time-consuming. MyFinanceLab offers:
Textbook problems online
Algorithmically generated values for more practise
Personalised study plans
Extra help for students
Virtual Finance videos featuring practitioner interviews
Live news and video feeds from The Financial Times and ABC
Find out more at www.myfinancelab.com