Students often struggle to see how financial concepts relate to their personal lives and prospective careers. Financial Management: Principles and Applications gives students a big picture perspective of finance and how it is important in their personal and professional lives. Utilizing five key principles, the 13th Edition provides an approachable introduction to financial decision-making, weaving in real world issues to demonstrate the practical applications of critical financial concepts.
Features:
1. Tying it all together. Through relevant, contemporary examples, students can easily identify relationships between the following key financial principles:
• Principle 1: Money has a time value.
• Principle 2: There is a risk-return tradeoff.
• Principle 3: Cash flows are the source of value.
• Principle 4: Market prices reflect information
• Principle 5: Individuals respond to incentives.
- A running glossary appears in the margins to define key terms found within each section.
- Finance in a Flat World boxes demonstrate how each chapter’s content applies to international business, including the ongoing global financial crisis.
- The Business of Life boxes link important financial concepts to personal finance matters, helping students see key principles in action.
- Fundamental equations appear throughout each chapter so students can reference formulas for assignments and problems.
- Checkpoint Worked Examples allow students to assess their progress and knowledge at specific points throughout the text.
- Appendixes provide supplemental information on skills such as using a financial calculator and spreadsheet, and reading time value of money tables.
Table of Contents:
Part 1: Introduction to Financial Management
1. Getting Started-Principles of Finance
2. Firms and the Financial Markets
3. Understanding Financial Statements
4. Financial Analysis-Sizing Up Firm Performance
Part 2: Valuation of Financial Assets
5. The Time Value of Money-The Basics
6. The Time Value of Money-Annuities and Other Topics
7. An Introduction to Risk and Return-History of Financial Market Returns
8. Risk and Return-Capital Market Theory
9. Debt Valuation and Interest Rates
10. Stock Valuation
Part 3: Capital Budgeting
11. Investment Decision Criteria
12. Analyzing Project Cash Flows
13. Risk Analysis and Project Evaluation
14. The Cost of Capital
Part 4: Capital Structure and Dividend Policy
15. Capital Structure Policy
16. Dividend and Share Repurchase Policy
Part 5: Liquidity Management and Special Topics in Finance
17. Financial Forecasting and Planning
18. Working-Capital Management
19. International Business Finance
20. Corporate Risk Management
About the Author
Sheridan Titman, University of Texas at Austin
Arthur J. Keown, Derby University
John D. Martin, Baylor University
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