Financial Management:Principles and Applications: International Edition

Description

Features

• Principle 1: Money Has A Time Value
• Principle 2: There Is a Risk-Return Tradeoff
• Principle 3: Cash Flows Are the Source of Value
• Principle 4: Market Prices Reflect Information

• Concept Check. Between two to five questions appear at the end of each “A” headed section, giving students a chance to make sure they really understand the concepts before moving on.
• Running Glossary. Appearing in the margins, this glossary provides definitions to the key terms found within the text.  
• NEW! Regardless of Your Major boxes. Appearing at start of each chapter, these boxes focus on how chapter content relates to other business majors and non-finance related careers.
• NEW! Finance in a Flat World boxes. Demonstrating how the chapter content applies to international business, these boxes appear throughout the book and typically feature one per chapter.
• NEW! The Business of Life boxes. These boxes, which appear throughout the book and also typically feature one per chapter, encourage students to apply the chapter concepts to personal financial problems.
• Equations appear throughout each chapter to give students formulas to work with.
• Checkpoint Worked Examples. Featuring approximately seventy in the entire text, these worked examples give students something to compare their own progress and knowledge to.
• Appendixes.
  • Appendix A: Using a Financial Calculator and Spreadsheet to Solve Time Value of Money Problems
  • Appendix B-E: Time Value of Money Tables

1. Picture the Problem-This step gives visual form to the problem and gets students to sketch out everything they already know about it.
2. Decide on a Solution Strategy-Students are encouraged at this step to figure out what approach they will use to solve the problem.
3. Solve-The worked out problem is then presented to students in a step-by-step format with the solution.
4. Analyze-Each solution is accompanied by an analysis of what the solution means. This step emphasizes the fact that problem solving is about analysis and decision-making.
5. Check Yourself-Immediately following the presentation of each new problem type, a practice problem is included for students to try to work out the type of calculation used in the example.

MyFinanceLab New Design is now available for this title!  MyFinanceLab New Design offers: 

• One Place for All of Your Courses. Improved registration experience and a single point of access for instructors and students who are teaching and learning multiple MyLab/Mastering courses.
• A Simplified User Interface.  The new user interface offers quick and easy access to Assignments, Study Plan, eText & Results, as well as additional option for course customization.
• New Communication Tools. The following new communication tools can be used to foster collaboration, class participation, and group work.
  • Email: Instructors can send emails to their entire class, to individual students or to instructors who has access to their course.
  • Discussion Board: The discussion board provides students with a space to respond and react to the discussions you create. These posts can also be separated out into specific topics where students can share their opinions/answers and respond to their fellow classmates' posts.
  • Chat/ ClassLive: ClassLive is an interactive chat tool that allows instructors and students to communicate in real time. ClassLive can be used with a group of students or one-on-one to share images or PowerPoint presentations, draw or write objects on a whiteboard, or send and received graphed or plotted equations. ClassLive also has additional classroom management tools, including polling and hand-raising.
• Enhanced eText. Available within the online course materials and offline via an iPad app, the enhanced eText allows instructors and students to highlight, bookmark, take notes, and share with one another.

New to this Edition

• Principle 1: Money Has A Time Value
• Principle 2: There Is a Risk-Return Tradeoff
• Principle 3: Cash Flows Are the Source of Value
• Principle 4: Market Prices Reflect Information

• Concept Check. Between two to five questions appear at the end of each “A” headed section, giving students a chance to make sure they really understand the concepts before moving on.
• Running Glossary. Appearing in the margins, this glossary provides definitions to the key terms found within the text.  
• NEW! Regardless of Your Major boxes. Appearing at start of each chapter, these boxes focus on how chapter content relates to other business majors and non-finance related careers.
• NEW! Finance in a Flat World boxes. Demonstrating how the chapter content applies to international business, these boxes appear throughout the book and typically feature one per chapter.
• NEW! The Business of Life boxes. These boxes, which appear throughout the book and also typically feature one per chapter, encourage students to apply the chapter concepts to personal financial problems.
• Equations appear throughout each chapter to give students formulas to work with.
• Checkpoint Worked Examples. Featuring approximately seventy in the entire text, these worked examples give students something to compare their own progress and knowledge to.
• Appendixes.
  • Appendix A: Using a Calculator
  • Appendix B-E: Time Value of Money Tables

1. Picture the Problem-This step gives visual form to the problem and gets students to sketch out everything they already know about it.
2. Decide on a Solution Strategy-Students are encouraged at this step to figure out what approach they will use to solve the problem.
3. Solve-The worked out problem is then presented to students in a step-by-step format with the solution.
4. Analyze-Each solution is accompanied by an analysis of what the solution means. This step emphasizes the fact that problem solving is about analysis and decision-making.
5. Check Yourself-Immediately following the presentation of each new problem type, a practice problem is included for students to try to work out the type of calculation used in the example.

Table of Contents

I. INTRODUCTION TO FINANCIAL MANAGEMENT.

1. Getting Started-Principles of Finance   

2. Firms and the Financial Market     

3. Understanding Financial Statements, Taxes, and Cash Flows  

4.Financial Analysis:  Sizing Up Firm Performance

II. VALUATION OF FINANCIAL ASSETS.

5. Time Value of Money - The Basics 

6. Time Value of Money - Multiple Cash Flows and Annuities

7. An Introduction to Risk and Return-History of Financial Market Returns

8. Risk and Return-Capital Market Theory

9. Debt Valuation and Interest Rates

10. Stock Valuation

III. CAPITAL BUDGETING.

11. Investment Decision Criteria

12. Forecasting Project Cash Flows

13. Risk Analysis of Project Cash Flows

14. The Cost of Capital

IV. CAPITAL STRUCTURE AND DIVIDEND POLICY.

15. Capital Structure Policy

16. Dividend Policy

V. LIQUIDITY MANAGEMENT AND SPECIAL TOPICS IN FINANCE.

17. Financial Forecasting and Planning

18. Working Capital Management

19. International Finance

20. Corporate Risk Management

Appendix A: Using a Financial Calculator and Spreadsheet to

                      Solve Time Value of Money Problems

Appendix B-E: Time Value of Money Tables