Description

For undergraduate courses in corporate finance and financial management.
Develop and begin to apply financial principles
Students often struggle to see how financial concepts relate to their personal lives and prospective careers Financial Management: Principles and Applications gives students a big picture perspective of finance and how it is important in their personal and professional lives. Utilising five key principles, the 14th Global Edition provides an approachable introduction to financial decision-making, weaving in real-world issues to demonstrate the practical applications of critical financial concepts.

Features

Tying it all together. Through relevant, contemporary examples, students can easily identify relationships between the following key financial principles:

· 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

· Principle 5: Individuals respond to incentives.

Getting the most out of the material. Essential Learning Aids help students understand concepts on a deeper level.

· Financial Analysis Tools provide quick reference guides for decision-making tools used in financial analysis. Appearing throughout the book, these helpful boxes display names, details, and summaries of calculations and formulas.

· Concept Checks give students the chance to test themselves before moving on with two to five questions. They help clarify topics and make sure concepts are understood at the end of specific sections.

· A running glossary appears in the margins to define key terms found within each section.

· Regardless of Your Major boxes, found at the beginning of each chapter, incorporate examples from other business school majors to show the wide range of applicability finance has to students and their career paths.

· Finance in a Flat World boxes demonstrate how each chapter’s content applies to international business, including the ongoing global financial crisis.

· The Business of Life boxes link important financial concepts to personal finance matters, helping students see key principles in action.

· Fundamental equations appear throughout each chapter so students can reference formulas for assignments and problems.

· Checkpoint Worked Examples allow students to assess their progress and knowledge at specific points throughout the text.

· Appendixes provide supplemental information on skills such as using a financial calculator and spreadsheet, and reading time value of money tables.

· UPDATED! Finance for Life boxes provide parallel analysis of text discussions using real-world examples to frame key financial management concepts.

· UPDATED! End-of-chapter problem sets help students evaluate their skills and knowledge with the most current financial management information.

· UPDATED! Chapter-opening vignettes

· UPDATED! Mini cases

MyLabTM Finance is not included. Students, if MyLab Finance is a recommended/mandatory component of the course, please ask your instructor for the correct ISBN. MyLab Finance should only be purchased when required by an instructor. Instructors, contact your Pearson representative for more information.

· Excel Projects. Using proven, field-tested technology, Excel Projects allow instructors to seamlessly integrate Excel content into their course. Students have the opportunity to practice important Finance skills in the program, helping them to master key concepts and gain proficiency with Excel. Students simply download a spreadsheet, work live on a finance problem in Excel, and then upload that file back into MyLab Finance. Here, they receive reports on their work that provide personalized, detailed feedback to pinpoint where they went wrong on any step of the problem.

· Lecture Capture Videos. For extra review, Lecture Capture Videos

New to this Edition

Getting the most out of the material. Essential Learning Aids help students understand concepts on a deeper level.

· Finance for Life boxes provide parallel analysis of text discussions using real-world examples to frame key financial management concepts.

· End-of-chapter problem sets help students evaluate their skills and knowledge with the most current financial management information.

· Mini Cases

· Chapter opening vignettes

MyLabTM Finance is not included. Students, if MyLab Finance is a recommended/mandatory component of the course, please ask your instructor for the correct ISBN. MyLab Finance should only be purchased when required by an instructor. Instructors, contact your Pearson representative for more information.

· Excel Projects. Using proven, field-tested technology, Excel Projects allow instructors to seamlessly integrate Excel content into their course. Students have the opportunity to practice important Finance skills in the program, helping them to master key concepts and gain proficiency with Excel. Students simply download a spreadsheet, work live on a finance problem in Excel, and then upload that file back into MyLab Finance. Here, they receive reports on their work that provide personalized, detailed feedback to pinpoint where they went wrong on any step of the problem.

· Lecture Capture Videos. For extra review, Lecture Capture Videos walk students through concepts and problems at each checkpoint throughout the text. Students test their comprehension of key concepts using practice problems at checkpoints, and these videos help clear up any questions they may have, providing direction toward the solutions.

· Learning Catalytics^TM helps you generate class discussion, customize your lecture, and promote peer-to-peer learning with real-time analytics. As a student response tool, Learning Catalytics uses students’ smartphones, tablets, or laptops to engage them in more interactive tasks and thinking.

o Upload a full PowerPoint^® deck for easy creation of slide questions

o Team names are no longer case sensitive

o Help your students develop critical thinking skills

o Monitor responses to find out where your students are struggling

o Rely on real-time data to adjust your teaching strategy

o Automatically group students for discussion, teamwork, and peer-to-peer learning

· Personalized Learning. Not every student learns the same way or at the same rate. With the growing need for acceleration through many courses, it's more important than ever to meet students where they learn. Personalized learning in MyLab Finance gives you the flexibility to incorporate the approach that best suits of your course and your students.

o Dynamic Study Modules help students study effectively on their own by continuously assessing their activity and performance in real time. Here's how it works: students complete a set of questions with a unique answer format that also asks them to indicate their confidence level. Questions repeat until the student can answer them all correctly and confidently. Once completed, Dynamic Study Modules explain the concept using materials from the text. These are available as graded assignments prior to class, and accessible on smartphones, tablets, and computers. Instructors can now remove questions from Dynamic Study Modules to better fit their course.

· HTML5 Player. In addition to matching the Flash p

Table of Contents

• Part 1: Introduction to Financial Management
• Chapter 1: Getting Started—Principles of Finance
• Chapter 2: Firms and the Financial Markets
• Chapter 3: Understanding Financial Statements
• Chapter 4: Financial Analysis Sizing Up Firm Performance
• Chapter 5: The Time Value of Money—The Basics
• Chapter 6: The Time Value of Money—Annuities and Other Topics
• Chapter 7: An Introduction to Risk and Return—History of Financial Market Returns
• Chapter 8: Risk and Return—Capital Market Theory
• Chapter 9: Debt Valuation and Interest Rates
• Chapter 10: Stock Valuation
• Part 3: Capital Budgeting
• Chapter 11: Investment Decision Criteria
• Chapter 12: Analyzing Project Cash Flows
• Chapter 13: Risk Analysis and Project Evaluation
• Chapter 14: The Cost of Capital
• Part 4: Capital Structure and Dividend Policy
• Chapter 15: Capital Structure Policy
• Chapter 16: Dividend and Share Repurchase Policy
• Part 5: Liquidity Management and Special Topics in Finance
• Chapter 17: Financial Forecasting and Planning
• Chapter 18: Working-Capital Management
• Chapter 19: International Business Finance
• Chapter 20: Corporate Risk Management
• Glossary