For undergraduate courses in Corporate Finance and Financial Management.
This text provides the theory you need with the practice you want. With its exciting
integration of the Harley-Davidson company theme, this text continues to provide a solid,
enduring foundation of the tools of modern theory in practice while at the same time
developing the logic behind their use. This text uses “10 Principles of Finance” as a
unifying framework to tie the major concepts of the book together.
Table of Contents
I. THE SCOPE AND ENVIRONMENT OF FINANCIAL MANAGEMENT.
1. An Introduction to Financial Management.
2. Understanding Financial Statements, Taxes, and Cash Flows.
3. Evaluating a Firms Financial Performance.
4. Financial Forecasting, Planning, and Budgeting.
II. VALUATION OF FINANCIAL ASSETS.
5. The Time Value of Money.
6. Risk and Rates of Return.
7. Valuation and Characteristics of Bonds.
8. Stock Valuation.
III. INVESTMENT IN LONG-TERM ASSETS.
9. Capital-Budgeting Decision Criteria.
10. Cash Flows and Other Topics in Capital Budgeting.
11. Capital Budgeting and Risk Analysis.
12. Cost of Capital,
13. Managing for Shareholder Value.
IV. CAPITAL STRUCTURE AND DIVIDEND POLICY.
14. Raising Capital in the Financial Markets.
15. Analysis and Impact of Leverage.
16. Planning the Firms Financing Mix.
17. Dividend Policy and Internal Financing.
V. WORKING-CAPITAL MANAGEMENT AND SPECIAL TOPICS IN FINANCE.
18. Working-Capital Management and Short-Term Financing.
19. Cash and Marketable Securities Management.
20. Accounts Receivable and Inventory Management.
VI. SPECIAL TOPICS IN FINANCE.
21. Risk Management.
22. International Business Finance.
23. Web Chapter: Corporate Restructuring: Combinations and Divestures.
24. Web Chapter: Term Loans and Leases.
Features
NEW Entrepreneurs Perspective boxes Feature the unique entrepreneurial issues faced
by small and medium-sized firms, dealing with topics like the entrepreneurial process,
opportunity recognitions, deal structure, and harvesting the investment.
Shows students how finance related to the entrepreneurial journey.
NEW Expanded coverage of ethics Includes new Finance Matters boxes emphasizing
ethics.
Discusses recent scandals related to integrity in financial reporting and their impact on
the firms involved.
NEW Best Practice boxes Relates to boards of directors, stock options, and executive
pay; value drivers; and issues related to auditing and its role, as well as recent
financial scandals.
Highlights notable topics of the day.
NEW End-of-chapter Web Works exercises
Introduces students to useful information on the Internet, and guides them to information
and data that make financial topics and concepts come alive.
NEW - Chapter Opening Vignettes—Includes a running example of Harley- Davidson and 8 new
icon companies including Starbucks, Dell, McDonalds, Home Depot, Coca-cola, Federal
Reserve Bank, etc...
Helps students easily understand the relevance, use, and important of the material with
real company examples.
The 10 Principles of Finance
This unifying theme helps connect the theory and show students that finance is not merely
the study of a set of unrelated topics, tools, and techniques, but is a very cohesive and
directed study linked together by common underlying principles.
Focuses on the “big picture” and provides an introduction to financial decision making
rooted in current financial theory and in the current state of world economic conditions.
Integrated examples of international financial management throughout.
Highlights the continued globalization of world markets.
Use of financial spreadsheets and calculators integrated throughout Accompanied by hints
and strategies for the use of spreadsheets, and a guide for using a financial calculator.
Gives students access to both methods of problem solving and introduces them to the
advantages of each.
Expanded use of real-world examples Other than Harley-Davidson.
Looks at other real-world firms, and adds to students interest both by showing the
relevance of the subjects covered and by providing an exciting framework within which to
discuss financial concepts.
Paperback
800 pages
