Description
A practical introduction to understanding the Financial Management of companies in today’s rapidly changing business world.
Maintaining its dedication to the financial decision-making process and the analysis of value creation, this new 13th edition develops a more international scope and introduces new topics into the debate.
Current discussions on corporate governance, ethical dilemmas, globalization of finance, strategic alliances and the growth of outsourcing have been added with examples and boxed features to aid understanding and provide a more global perspective of financial management.
This book is particularly well-suited to introductory courses in financial management, for a professional qualification and as a reference for practitioners. On the reading list for Association of Chartered Certified Accountants (ACCA) Qualification Paper (F9) Financial Management. Suggested reading for Certified Management Accountant (CMA) examination.
Features
Covers the 3 key areas of financial management decisions: investment, financing and asset management.
New! Additional coverage of short term financing and overdrafts, Corporate Social Responsibility and binomial real options.
New! Expanded Chapter 9 Cash and Marketable Securities Management.
New! Coverage of Islamic Finance.
New to This Edition
Chapter 1 - Expanded coverage of Corporate Social Responsibility including the concept of sustainability.
Chapter 6 – The discussion of financial statement analysis includes the push for convergence of accounting standards around the world.
Chapter 9 – Cash and marketable securities management material expanded and updated.
Chapter 24 - The updated chapter on International Financial Management includes discussion of Islamic Sukuk Bonds.
Table of Contents PART ONE: INTRODUCTION TO FINANCIAL MANAGEMENT 1. The Role of Financial Management 2. The Business, Tax and Financial Environments
PART TWO: VALUATION 3. The Time Value of Money 4. The Valuation of Long-Term Securities 5. Risk and Return
PART THREE: TOOLS OF FINANCIAL ANALYSIS AND PLANNING 6. Financial Statement Analysis 7. Funds Analysis, Cash-Flow Analysis, and Financial Planning
PART FOUR: WORKING CAPITAL MANAGEMENT 8. Overview of Working Capital Management 9. Cash and Marketable Securities Management 10. Accounts Receivable and Inventory Management 11. Short-Term Financing
PART FIVE: INVESTMENT IN CAPITAL ASSETS 12. Capital Budgeting and Estimating Cash Flows 13. Capital Budgeting Techniques 14. Risk and Managerial Options in Capital Budgeting
PART SIX: THE COST OF CAPITAL, CAPITAL STRUCTURE, AND DIVIDEND POLICY 15. Required Returns and the Cost of Capital 16. Operating and Financial Leverage 17. Capital Structure Determination 18. Dividend Policy
PART SEVEN: INTERMEDIATE AND LONG-TERM FINANCING 19. The Capital Market 20. Long-Term Debt, Preferred Stock, and Common Stock 21. Term Loans and Leases
PART EIGHT: SPECIAL AREAS OF FINANCIAL MANAGEMENT 22. Convertibles, Exchangeables, and Warrants 23. Mergers and Other Forms of Corporate Restructuring 24. International Financial Management
James C. Van Horne, Professor of Banking and Finance at Stanford University. Also the author of Financial Management and Policy, a Pearson Education text.