Fundamentals of Corporate Finance with MyFinanceLab:Global Edition

Description

Features

For students taking a undergraduate corporate finance or financial management course.

The core concepts you expect. The new ideas you want. The pedagogy your students need to succeed.

Fundamentals of Corporate Finance’s applied perspective cements students’ understanding of the modern-day core principles by equipping students with a problem-solving methodology and profiling real-life financial management practices, all within a clear valuation framework.

UPDATED! Completely revisedchapter 1 – Corporate Finance and the Financial Manager – to include global perspectives on corporations and organizational forms.

UPDATED! Fully IFRS revised chapter 2 – Introduction to Financial Statement Analysis– to incorporate International Financial Reporting Standards (IFRS).

NEW! Provide the latest information in a logical succession: Reorganized presentation of topics. Specific highlights include:

• Reorganized flow of topics in Chapter 3 and 4: Mastering the tools for discounting cash flows is central to students' success in the introductory course. Students begin with a step-by-step look at the time value of money in Chapter 3, which provides intuition for time value concepts, introduces the Valuation Principle, and presents rules for valuing cash flows. Chapter 4 then addresses cash flow valuation for multi-period investments.

• The Valuation Principle is presented as the foundation of all financial decision making. The central idea is that a firm should take projects or make investments on the firm’s value by comparing the costs and benefits in equivalent terms.
• Guided Problem Solutions are examples that accompany every important concept using a consistent problem solving methodology that breaks the solution process into three steps: Plan, Execute, and Evaluate.
• Personal Finance GPS examples showcase the use of financial analysis in everyday life by setting problems in scenarios such as purchasing a new house or car, and saving for retirement.
• Common Mistake boxes alert students to frequently made mistakes stemming from misunderstanding core concepts and calculations–in the classroom and in the field.

• Chapter-Opening Interviews with recent college graduates now working in the field of finance. These interviews underscore the relevance of the concepts to students who are encountering them for the first time.
• Practitioner Interviews from notable professionals highlight leaders in the field and address the effects of the financial crisis.
• General Interest boxes highlight timely material from financial publications that shed light on business problems and real-company practices.

• Notation Boxes
• Numbered and Labeled Equations
• Timelines
• Financial Calculator
• Spreadsheet Tables

• Concept Check Questions at the end of each section enable students to test their understanding and target areas in which they need further review
• End-of-chapter Problems written personally by Berk/DeMarzo/Harford offer instructors the opportunity to assign first-rate materials to students for homework and practice with the confidence that the problems are consistent.
• End-of-chapter Materials that reinforce learning:
  • MyFinanceLab Chapter Summary
  • Data Cases
  • Integrative Cases

1. Immediately following bond valuation, Chapter 7 opens with key background coverage of stock quotes, the mechanics of stock trades, and presents the dividend-discount model.
2. In Chapter 10, the discounted cash flow model is introduced by building on the concepts that were already developed in the capital budgeting chapters. Chapter 10 also discusses market efficiency and includes a new discussion of investor behavior.

• The new mergers and acquisitions chapter looks at the overall market for takeovers, motivations for pursuing acquisitions, and the typical process.
• Additional chapters are also available online–leasing, insurance and risk management, and corporate governance.

New to this Edition

Updated! Completely revisedchapter 1 – Corporate Finance and the Financial Manager – to include global perspectives on corporations and organizational forms.

NEW! Fully revised chapter 2 to incorporate International Reporting Standards including:

• Coverage of International Financial Reporting Standards (IFRS) and the differences with US GAAP

• New balance sheets, cash flow statements and income statements following IFRS format

• Extended example on Nokia running throughout the chapter using real data updated to reflect latest financial statements

• Global examples included such as Heinz, Microsoft, Abercrombie & Fitch

NEW! Provide the latest information in a logical succession: Reorganized presentation of topics. Specific highlights include:

• Reorganized flow of topics in Chapter 3 and 4: Mastering the tools for discounting cash flows is central to students' success in the introductory course. Students begin with a step-by-step look at the time value of money in Chapter 3, which provides intuition for time value concepts, introduces the Valuation Principle, and presents rules for valuing cash flows. Chapter 4 then addresses cash flow valuation for multi-period investments.

1. Immediately following bond valuation, Chapter 7 opens with key background coverage of stock quotes, the mechanics of stock trades, and presents the dividend-discount model.
2. In Chapter 10, the discounted cash flow model is introduced by building on the concepts that were already developed in the capital budgeting chapters. Chapter 10 also discusses market efficiency and includes a new discussion of investor behavior.

• The new mergers and acquisitions chapter looks at the overall market for takeovers, motivations for pursuing acquisitions, and the typical process.
• Additional chapters are also available online–leasing, insurance and risk management, and corporate governance.

Table of Contents