ANALYSIS FOR FINANCIAL MANAGEMENT HIGGINS R. Księgarnia

Analysis of Financial Management 7e is a paperback text and has been written to present standard techniques and modern developments in a practical and intuitive manner. It is intended for non-financial managers and business students interested in the practice of financial management. Emphasis is on the managerial applications of financial analysis.

New to This Edition

Enhanced coverage of venture capital and private equity in response to reviewer feedback, including a new appendix to Chapter 9 on the venture capital method of valuation. This enhances Analysis of Financial Management's suitability for entrepreneurial finance courses.

Expanded coverage of estimating beta, including use of asset betas, in appendix to Chapter 8 to enhance readers' skills in estimating company betas.

Standard and Poor's problems appear in 7 out of 9 chapters in end of chapter questions. These problems require the use of the Educational Version of Market Insight, taking advantage of Standard & Poor's powerful and well-known Compustat database. These problems provide instructors with an easy online way to incorporate current, real world date into the classroom. Access to this rich online resource is FREE with every new copy of the text.

Updated annotated website references at the end of each chapter explain where financial information can be found while providing quick access of additional material.

Thorough updating reflecting the latest theory and real world applications. Virtually all charts, graphs, tables, and examples in chapters 1, 2, and 4. Significant changes in chapters 8 and 9. To capture current performance of US companies and the US economy.

Greater emphasis on simulation, including a financial planning exercise using complimentary modeling software from Crystal Ball.

Discussion of observed differences in capital structure across countries.

An assessment of the strengths and weaknesses of the internal rate of return as an acceptance criterion in capital budgeting.

Greater emphasis on the importance of business strategy for company financing choices and on the irrelevance proposition as a foundation for capital structure decisions.

Expanded coverage of capital intensity and its effect on breakeven sales.

The removal of answers to even-numbered problems, enabling instructors to use these problems for homework or class discussion. (Suggested answers to even-numbered problems are available to instructors in a password-protected section on book Website.)

Features

Ametek, Inc., a billion-dollar manufacturer of electronic instruments and motors is used as the extended example that appears in chapters 1, 2, 4, 8, and 9. Ametek's financial statements are sufficiently straightforward that novices can make sense of them. Yet the company illustrates many of the challenges facing companies today including achieving growth through acquisitions and responding to investor demands for greater transparency in financial reporting.

Appendix 5A, "Using Financial Markets to Manage Corporate Risks," is very easy for students to understand because the presentation is clear and concise.

A heavy reliance on presenting the practical implications of modern concepts such as market efficiency, beta risk, and market signaling.

Data on realized returns on securities, industry ratios, median rations by S&P rating category, etc. is incorporated throughout.

A clear and simple presentation of sustainable growth. Higgins continues to receive much praise for this.

Extended discussion of the statement of cash flows. This discussion is very thorough and uses good, objective data to illustrate key points.

Significant International examples dispersed throughout the text and imbedded in selected appendices, especially Appendix 2A, International Differences in Capital Structure.

Engaging and highly interesting writing style, a true hallmark of this text.

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Standard & Poor's Educational Version of Market Insight. McGraw-Hill/Irwin is proud to partner with Standard & Poor's to offer access to the Educational Version of Standard & Poor's Market Insight(c). This rich online resource provides six years of financial data for 100 top US companies. The password-protected Website is the perfect way to bring real data into today's classroom. This is free with selected McGraw-Hill titles, and is available for an extra $10 with additional titles. Contact your rep for more information or visit www.mhhe.com/edumarketinsight

Table of Contents

Part I: Assessing the Financial Health of the Firm

Chapter 1: Interpreting Financial Statements
Chapter 2: Evaluating Financial Performance

Part II: Planning Future Financial Performance

Chapter 3: Financial Forecasting
Chapter 4: Managing Growth

Part III: Financing Operations

Chapter 5: Financial Instruments and Markets
Chapter 6: The Financing Decision

Part IV: Evaluating investment Opportunities

Chapter 7: Discounted Cash Flow Techniques
Chapter 8: Risk Analysis in Investment Decisions
Appendix: Diversification and ß-Risk
Chapter 9: Business Valuation and Corporate Restructuring
Appendix: The Venture Capital Method of Valuation
Glossary
Suggested Answers to Odd-Numbered End-of-Chapter Problems

Po otrzymaniu zamówienia poinformujemy,
czy wybrany tytuł polskojęzyczny lub anglojęzyczny jest aktualnie na półce księgarni.