Financial Management: Principles and Applications, Updated Edition, Global Edition

Name: Financial Management: Principles and Applications, Updated Edition, Global Edition
Price: 4580 ISK
Availability: InStock
Author: Sheridan Titman; Arthur J. Keown; John D. Martin
ISBN: 9781292463025

Höfundar: Sheridan Titman; Arthur J. Keown; John D. Martin (Útgáfa: 14)

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It can often be challenging to see how financial concepts relate to your daily routine and prospective career. Financial Management gives you a big picture perspective of finance and how itâ€™s important in your personal and professional lives. Using 5 key principles, the text weaves in real-world issues to demonstrate the practical applications of critical financial concepts. The 14th Edition has been updated with brand new Personal Applications of Corporate Finance features, study problems, and the latest data and current events.

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Útgefandi: Pearson International Content

ISBN: 9781292463025

Print ISBN: 9781292731155

Format: ePub

Útgáfa: 14

Höfundar: Sheridan Titman; Arthur J. Keown; John D. Martin

Tungumál: English

Útgefið: 2025-02-27

Prent takmörkun á líftíma: 100

Prent takmörkun: 2

Afritunar takmörkun: 2

Kaflar

Cover
Cover
Front Matter
Section 1: Copyright Page
List of Interactive Media Content
Dedication
Section 2: Teaching Students the Logic of Finance
Section 3: Preface
Section 4: Acknowledgements
1: Getting Started—Principles of Finance (PART 1: INTRODUCTION TO FINANCIAL MANAGEMENT)
Introduction: Getting Started—Principles of Finance
1.1: Finance: An Overview
1.2: Three Types of Business Organizations
1.3: The Goal of the Financial Manager
1.4: The Five Basic Principles of Finance
Chapter Section Summaries: Getting Started—Principles of Finance
2: Firms and the Financial Markets
Introduction: Firms and the Financial Markets
2.1: The Basic Structure of the U.S. Financial Markets
2.2: The Financial Marketplace: Financial Institutions
2.3: The Financial Marketplace: Securities Markets
Chapter Section Summaries: Firms and the Financial Markets
3: Understanding Financial Statements
Introduction: Understanding Financial Statements
3.1: An Overview of the Firm’s Financial Statements
3.2: The Income Statement
3.3: The Balance Sheet
3.4: The Cash Flow Statement
Chapter Section Summaries: Understanding Financial Statements
4: Financial Analysis—Sizing Up Firm Performance
Introduction: Financial Analysis—Sizing Up Firm Performance
4.1: Why Do We Analyze Financial Statements?
4.2: Common-Size Statements: Standardizing Financial Information
4.3: Using Financial Ratios
4.4: Selecting a Performance Benchmark
4.5: Limitations of Ratio Analysis
Chapter Section Summaries: Financial Analysis—Sizing Up Firm Performance
5: The Time Value of Money—The Basics (PART 2: VALUATION OF FINANCIAL ASSETS)
Introduction: The Time Value of Money—The Basics
5.1: Using Timelines to Visualize Cash Flows
5.2: Compounding and Future Value
5.3: Discounting and Present Value
5.4: Making Interest Rates Comparable
Chapter Section Summaries: The Time Value of Money—The Basics
6: The Time Value of Money—Annuities and Other Topics
Introduction: The Time Value of Money—Annuities and Other Topics
6.1: Annuities
6.2: Perpetuities
6.3: Complex Cash Flow Streams
Chapter Section Summaries: The Time Value of Money—Annuities and Other Topics
7: An Introduction to Risk and Return—History of Financial Market Returns
Introduction: An Introduction to Risk and Return—History of Financial Market Returns
7.1: Realized and Expected Rates of Return and Risk
7.2: A Brief History of Financial Market Returns
7.3: Geometric Versus Arithmetic Average Rates of Return
7.4: What Determines Stock Prices?
Chapter Section Summaries: An Introduction to Risk and Return—History of Financial Market Returns
8: Risk and Return—Capital Market Theory
Introduction: Risk and Return—Capital Market Theory
8.1: Portfolio Returns and Portfolio Risk
8.2: Systematic Risk and the Market Portfolio
8.3: The Security Market Line and the CAPM
Chapter Section Summaries: Risk and Return—Capital Market Theory
9: Debt Valuation and Interest Rates
Introduction: Debt Valuation and Interest Rates
9.1: Overview of Corporate Debt
9.2: Valuing Corporate Debt
9.3: Bond Valuation: Four Key Relationships
9.4: Types of Bonds
9.5: Determinants of Interest Rates
Chapter Section Summaries: Debt Valuation and Interest Rates
10: Stock Valuation
Introduction: Stock Valuation
10.1: Common Stock
10.2: The Comparables Approach to Valuing Common Stock
10.3: Preferred Stock
Chapter Section Summaries: Stock Valuation
11: Investment Decision Criteria (PART 3: CAPITAL BUDGETING)
Introduction: Investment Decision Criteria
11.1: An Overview of Capital Budgeting
11.2: Net Present Value
11.3: Other Investment Criteria
11.4: A Glance at Actual Capital-Budgeting Practices
Chapter Section Summaries: Investment Decision Criteria
12: Analyzing Project Cash Flows
Introduction: Analyzing Project Cash Flows
12.1: Project Cash Flows
12.2: Forecasting Project Cash Flows
12.3: Inflation and Capital Budgeting
12.4: Replacement Project Cash Flows
Chapter Section Summaries: Analyzing Project Cash Flows
Appendix 12: The Modified Accelerated Cost Recovery System
13: Risk Analysis and Project Evaluation
Introduction: Risk Analysis and Project Evaluation
13.1: The Importance of Risk Analysis
13.2: Tools for Analyzing the Risk of Project Cash Flows
13.3: Break-Even Analysis
13.4: Real Options in Capital Budgeting
Chapter Section Summaries: Risk Analysis and Project Evaluation
14: The Cost of Capital
Introduction: The Cost of Capital
14.1: The Cost of Capital: An Overview
14.2: Determining the Firm’s Capital Structure Weights
14.3: Estimating the Cost of Individual Sources of Capital
14.4: Summing Up: Calculating the Firm’s WACC
14.5: Estimating Project Costs of Capital
14.6: Flotation Costs and Project NPV
Chapter Section Summaries: The Cost of Capital
15: Capital Structure Policy (PART 4: CAPITAL STRUCTURE AND DIVIDEND POLICY)
Introduction: Capital Structure Policy
15.1: A Glance at Capital Structure Choices in Practice
15.2: Capital Structure Theory
15.3: Why Do Capital Structures Differ Across Industries?
15.4: Making Financing Decisions
Chapter Section Summaries: Capital Structure Policy
Appendix 15: Demonstrating the Modigliani and Miller Theorem
16: Dividend and Share Repurchase Policy
Introduction: Dividend and Share Repurchase Policy
16.1: How Do Firms Distribute Cash to Their Shareholders?
16.2: Does Dividend Policy Matter?
16.3: Cash Distribution Policies in Practice
Chapter Section Summaries: Dividend and Share Repurchase Policy
17: Financial Forecasting and Planning (PART 5: LIQUIDITY MANAGEMENT AND SPECIAL TOPICS IN FINANCE)
Introduction: Financial Forecasting and Planning
17.1: An Overview of Financial Planning
17.2: Developing a Long-Term Financial Plan
17.3: Developing a Short-Term Financial Plan
Chapter Section Summaries: Financial Forecasting and Planning
18: Working-Capital Management
Introduction: Working-Capital Management
18.1: Working-Capital Management and the Risk-Return Tradeoff
18.2: Working-Capital Policy
18.3: Operating and Cash Conversion Cycles
18.4: Managing Current Liabilities
18.5: Managing the Firm’s Investment in Current Assets
Chapter Section Summaries: Working-Capital Management
19: International Business Finance
Introduction: International Business Finance
19.1: Foreign Exchange Markets and Currency Exchange Rates
19.2: Interest Rate and Purchasing-Power Parity
19.3: Capital Budgeting for Direct Foreign Investment
Chapter Section Summaries: International Business Finance
20: Corporate Risk Management
Introduction: Corporate Risk Management
20.1: Five-Step Corporate Risk Management Process
20.2: Managing Risk with Insurance Contracts
20.3: Managing Risk by Hedging with Forward Contracts
20.4: Managing Risk with Exchange-Traded Financial Derivatives
20.5: Valuing Options and Swaps
Chapter Section Summaries: Corporate Risk Management
Additional Key Terms
Additional Key Terms
Glossary