Foundations of Finance plus Pearson MyLab Finance with Pearson eText, Global Edition

Series
Pearson
Author
Arthur J. Keown / John D. Martin / J. William Petty  
Publisher
Pearson
Cover
Softcover
Edition
10
Language
English
Pub.-date
October 2019
ISBN13
9781292318837
ISBN
129231883X
Related Titles


Product detail

Product Price CHF Available  
9781292318837
Foundations of Finance plus Pearson MyLab Finance with Pearson eText, Global Edition
98.50 not defined

Free evaluation copy for lecturers


Description

This title is a Pearson Global Edition. The Editorial team at Pearson has worked closely with educators around the world to include content which is especially relevant to students outside the United States.

 

 

For undergraduate corporate finance courses.

This package includes MyLab.

 

The five key principles for the foundations of finance

Foundations of Finance retains its foundational approach to the key concepts of finance, bolstered by real-world vignettes, cases, and problem exercises. Utilizing five principles, which are presented at the beginning of the book and applied throughout, the authors introduce a multi-step approach to financial problem solving that appeals to students’ (at all levels) math and numerical skills. As with previous editions, the 10th Edition, Global Edition focuses on valuation and opens every chapter with a vignette based on financial decisions faced by contemporary, real-world companies and firms. Revised and updated, the text features new lecture videos, financial thinking, user feedback, and changes inspired by the passage of the Tax Cuts and Jobs Act of 2017 in the United States of America, so students are well equipped to effectively deal with financial problems in an ever-changing financial environment.

 

Reach every student by pairing this text with MyLab Finance

MyLab™ is the teaching and learning platform that empowers you to reach every student. By combining trusted author content with digital tools and a flexible platform, MyLab personalizes the learning experience and improves results for each student.


MyLab Finance should only be purchased when required by an instructor. Please be sure you have the correct ISBN and Course ID. Instructors, contact your Pearson representative for more information.

 

Features

Comprehensive coverage of financial concepts

  • Revised - Extensive updates have been made to the material in response to the continued development of financial thought, reviewer comments, and passage of the Tax Cuts and Jobs Act of 2017 in the United States of America. They include (but are not limited to):
    • recent developments in the financial markets;
    • new tax laws and their implications; and
    • changes to interest and exchange rates.
  • Five principles, presented at the beginning of the book, provide students with a strong foundation of the key concepts in finance so they’re able to apply such principles outside of class to real-life situations.
    • Principle 1: Cash Flow Is What Matters
    • Principle 2: Money Has a Time Value
    • Principle 3: Risk Requires a Reward
    • Principle 4: Market Prices are Generally Right
    • Principle 5: Conflicts of Interest Can Cause Agency Problems
  • A focus on valuation. Although many professors and instructors make valuation the central theme of their course, students often lose sight of this focus when reading their text. Foundations of Finance makes this key theme prominent in its discussions and examples.
  • New - Streamlined presentation of chapter topics, such as the process used to evaluate a firm’s financial performance, or the discussion of cash management, makes it easier for students to review and retain the material.

Real-world context of corporate finance principles for students

  • Revised and Updated - Real-World Chapter-Opening Vignettes tell a story about a current, real-world company faced with a financial decision related to the chapter material, such as Disney’s decision to build the Shanghai Disney Resort. These vignettes have been carefully prepared to stimulate student interest and can be used as a lecture tool to provoke class discussion.
  • New and Updated - Examples using real individuals and companies such as Nike and eBay, encourage students to apply the concepts presented in each chapter.
  • Updated - Mini Cases help students apply chapter concepts to a realistic setting, thereby strengthening their understanding of the material. The 10th Edition now includes examination of the financial statements of retail giants, Walmart and Target, Wildhorse Resources, and many more.
  • New and Updated - Finance at Work describes corporate finance in action, covering the “green bonds” issued by Apple, stock quotes in the Wall Street Journal, and more.
  • Revised - Figures further illustrate concepts, such as the dramatic differences in capital structures used by firms in very different types of industries.
  • Cautionary Tales give students insights into how the core concepts of finance apply in the real world. Each one goes behind the headlines of finance pitfalls in the news to show how one of the five principles was forgotten or violated.
  • Ethics in Financial Management boxes show students that ethical behavior is doing the right thing and that ethical dilemmas are everywhere in finance.

 

Tools to help students check their understanding

  • Use of an integrated learning system. The text is organized around the learning objectives that appear at the beginning of each chapter to provide instructors and students with an easy-to-use integrated learning system. Numbered icons identifying each objective appear next to the related material throughout the text and in the summary, allowing easy location of material related to each objective.
  • Can You Do It? examples and Did You Get It? sections provide essential ingredients to the building-block approach to the material in this text.
  • Concept Check questions at the end of major chapter sections highlight key ideas presented in the section.
  • Financial Calculators throughout the text display solutions, especially with respect to the presentation of the time value of money and valuation.
  • Financial Decision Tools recap key equations shortly after their application in the chapter.
  • Updated - Key Terms list new terminology in the chapter and a brief definition of each.
  • Updated - Chapter Summaries recap for students the concepts, new terminology, and key equations that were presented in each learning objective.
  • New and Expanded - End-of-Chapter Study Problems, organized by learning objective, give students the opportunity for practice and help both instructors and learners readily align text and problem materials. Problems in the 10th Edition have been updated to reflect changes to the US tax code.
  • A Multi-Step Approach to Problem Solving and Analysis. Numbered chapter examples follow a very detailed and multi-step approach: 1) Formulate a Solution Strategy, 2) Crunch the Numbers, and 3) Analyze your Results, to problem solving that helps students develop their own problem-solving skills.
  • Brief (10 to 15 minute) lecture videos contain direct ‘tutoring’ from the authors that helps students with primary examples in the text. Available in the eText, students can replay these videos as many times as necessary.

 

A focus on developing students’ employability skills

  • Auto-graded Excel Projects give students the opportunity to practice important finance skills in Excel, helping them to master key concepts and gain proficiency with a program that’s the primary spreadsheet analysis and modeling tool used in business.
  • Remember Your Principles encourage students to take time out and reflect on the meaning of the concepts just presented. The use of these in-text inserts, coupled with the use of the five principles, keep students focused on the interrelationships and motivating factors behind the concepts. In effect, students learn the tools of analysis, but more importantly, develop an intuitive understanding of why and what they are doing in their analysis. By tying together the logic and fundamental principles that drive the field of finance, students are encouraged to develop their critical thinking skills and effectively deal with financial problems in an ever-changing financial environment.
  • Data Analysis Skills. Finance deals with decision making within the firm -- when to introduce a new product, make an investment, or how to value a financial asset like a bond or a share of common stock. Gaining an understanding of the decision-making process and the analytical tool set necessary to make those decisions reflects the core of finance and this text.

 

This package includes MyLab™ Finance, the teaching and learning platform that empowers you to reach every student. By combining trusted author content with digital tools and a flexible platform, MyLab personalizes the learning experience and often improves results for each student.

 

Reach every student with MyLab

  • Teach your course your way: Your course is unique. So whether you’d like to build your own assignments, teach multiple sections, or set prerequisites, MyLab gives you the flexibility to easily create your course to fit your needs.
    • New - Pearson eText is a simple-to-use, mobile-optimized, personalized reading experience available within MyLab. It lets students highlight, take notes, and review key vocabulary all in one place and gives them access to the help they need, when they need it. Educators can easily share their own notes with students so they see the connection between their eText and what they learn in class.
  • Empower each learner: Each student learns at a different pace. Personalized learning pinpoints the precise areas where each student needs practice, giving all students the support they need -- when and where they need it -- to be successful.
    • Question Help consists of homework and practice questions to give students unlimited opportunities to master concepts. Learning aids walk students through the problem -- giving them assistance when they need it most.
    • The Study Plan gives students personalized recommendations, practice opportunities, and learning aids to help them stay on track.
  • Deliver trusted content: You deserve teaching materials that meet your own high standards for your course. That’s why we partner with highly respected authors to develop interactive content and course-specific resources that you can trust -- and that keep your students engaged.
    • Using proven, field-tested technology, auto-graded Excel Projects let you seamlessly integrate Microsoft® Excel® content into your course without having to manually grade spreadsheets.
  • Improve student results: When you teach with MyLab, student performance often improves. That’s why instructors have chosen MyLab for over 15 years, touching the lives of over 50 million students.

New to this Edition

Comprehensive coverage of financial concepts

  • Extensive updates have been made to the material in response to the continued development of financial thought, reviewer comments, and passage of the Tax Cuts and Jobs Act of 2017 in United States of America. They include (but are not limited to):
    • recent developments in the financial markets;
    • new tax laws and their implications; and
    • changes to interest and exchange rates.
  • Streamlined presentation of chapter topics, such as the process used to evaluate a firm’s financial performance, or the discussion of cash management, makes it easier for students to review and retain the material.

Real-world context of corporate finance principles for students

  • Real-World Chapter-Opening Vignettes tell a story about a current, real-world company faced with a financial decision related to the chapter material, such as Disney’s decision to build the Shanghai Disney Resort. These vignettes have been carefully prepared to stimulate student interest and can be used as a lecture tool to provoke class discussion.
  • Examples using real individuals and companies such as Nike and eBay, encourage students to apply the concepts presented in each chapter.
  • Mini Cases help students apply chapter concepts to a realistic setting, thereby strengthening their understanding of the material. The 10th Edition now includes examination of the financial statements of retail giants, Walmart and Target, Wildhorse Resources, and many more.
  • Finance at Work describes corporate finance in action, covering the “green bonds” issued by Apple, stock quotes in the Wall Street Journal, and more.
  • Figures further illustrate concepts, such as the dramatic differences in capital structures used by firms in very different types of industries.

 

Tools to help students check their understanding

  • Key Terms list new terminology in the chapter and a brief definition of each.
  • Chapter Summaries recap for students the concepts, new terminology, and key equations that were presented in each learning objective.
  • End-of-Chapter Study Problems, organized by learning objective, give students the opportunity for practice and help both instructors and learners readily align text and problem materials. Problems in the 10th Edition have been updated to reflect changes to the US tax code.

 

This package includes MyLab™ Finance, the teaching and learning platform that empowers you to reach every student. By combining trusted author content with digital tools and a flexible platform, MyLab personalizes the learning experience and often improves results for each student.

 

Reach every student with MyLab

  • Pearson eText is a simple-to-use, mobile-optimized, personalized reading experience available within MyLab. It lets students highlight, take notes, and review key vocabulary all in one place and gives them access to the help they need, when they need it. Educators can easily share their own notes with students so they see the connection between their eText and what they learn in class.

Table of Contents

 

 

PART I: THE SCOPE AND ENVIRONMENT OF FINANCIAL MANAGEMENT

1. An Introduction to the Foundations of Financial Management

2. The Financial Markets and Interest Rates

3. Understanding Financial Statements and Cash Flows

4. Evaluating a Firm’s Financial Performance

 

PART II: THE VALUATION OF FINANCIAL ASSETS

5. The Time Value of Money

6. The Meaning and Measurement of Risk and Return

7. The Valuation and Characteristics of Bonds

8. The Valuation and Characteristics of Stock

9. The Cost of Capital

 

PART III: INVESTMENT IN LONG-TERM ASSETS

10. Capital-Budgeting Techniques and Practice

11. Cash Flows and Other Topics in Capital Budgeting

 

PART IV: CAPITAL STRUCTURE AND DIVIDEND POLICY

12. Determining the Financing Mix

13. Dividend Policy and Internal Financing

 

PART V: WORKING-CAPITAL MANAGEMENT AND INTERNATIONAL BUSINESS FINANCE

14. Short-Term Financial Planning

15. Working-Capital Management

16. International Business Finance

17. Cash, Receivables, and Inventory Management