Financial Management

Continuing the four goals from the first edition, i.e. helping students to make good financial decisions, providing a solid text for the introductory MBA course, motivating students by demonstrating finance is relevant and interesting, and presenting the material clearly, this Tenth Edition promises to be the best yet. Written by a highly-acclaimed, best selling, author team, this text remains the only MBA-level text to present a balance of financial theory and applications.

Benefits:

• NEW! Financial Forecasting, previously Chapter 14, is now Chapter 4, linking more closely financial statements, ratio analysis, and projecting financial statements
• Chapter 12: Material from previous Chapters 9 and 14 provides improved coverage of corporate valuation.
• Chapter 14: Improved coverage of sensitivity analysis and scenario analysis within a spreadsheet context. Addition of an Excel Add-In that permits students to actually perform a simulation analysis.
• Chapter 16: Improved explanations of business risk, its link to financial risk, and using the Hamada model
• Chapter 22: The cash conversion cycle is included and linked to free cash flow and valuation.
• NEW! CD-ROM contains spreadsheet chapter Tool Kits showing calculations and tutorials for many useful Excel features and functions. EOC problems now include structured spreadsheet problems.
• NEW! Mini Cases now comes with a spreadsheet showing all calculations in the Mini Case Powerpoint show allowing instructors to "toggle" between the Powerpoint and the Excel during class.
• NEW! New Chapter 12 on corporate valuation, value-based management, and corporate governance. NEW! "Web Safari" Word documents have Web links (and screen shots) that make it easy for an instructor to show students how to access useful data for various financial analyses.
• NEW! A new attractive four-color format has been incorporated to enhance the presentation.
• Chapter 2: Improved coverage on the link between free cash flows and the value of the firm, EVA and MVA.
• Chapter 5: Great discussion of interest rates, along with discussion about on-line brokers and e-trading.
• Chapter 6: Web data are used to demonstrate calculation of beta for an actual company.

Contents

• Introduction to Financial Management
• Fundamental Concepts in Financial Management
• Securities and Their Valuation
• Corporate Valuation
• Strategic Investment Decisions
• Strategic Financing Decisions
• Tactical Financing Decisions
• Working Capital Management
• Special Topics. 24
• Appendixes
• Web/CD Chapters
• Web/CD Extensions