Foundations of Finance The Logic and Practice of Financial Management

1. The Scope and Environment of Financial Management
2. The Valuation of Financial Assets
3. Investment in Long-Term Assets
4. Capital Structure and Dividend Poilicy
5. Working-Capital Management and International Business Finance
Glossary
Indexex

Foundations of Finance retains its foundational approach to the key concepts of finance, bolstered by real-world vignettes, cases, and problem exercises. Utilizing five principles, which are presented at the beginning of the book and applied throughout, the authors introduce a multi-step approach to financial problem solving that appeals to students at all levels, math and numerical skills. As in previous editions, the Ninth Edition focuses on valuation and opens every chapter with a vignette based on financial decisions faced by contemporary, real-world companies and firms. Other highly useful features include mini cases, cautionary tales, lists of key terms, and a discussion of ethics. Revised and updated, the newest edition includes new lecture videos, financial thinking, user feedback, and lessons from the recent economic crisis. Features: - Five Principles, presented at the beginning of the book, provide students with a strong foundation of the key concepts in finance so they are able to apply such principles outside of class to real-life situations. Principle 1: Cash Flow Is What Matters Principle 2: Money Has a Time Value Principle 3: Risk Requires a Reward Principle 4: Market Prices are Generally Right Principle 5: Conflicts of Interest Can Cause Agency Problems - A Focus on Valuation. Although many professors and instructors make valuation the central theme of their course, students often lose sight of this focus when reading their text. The authors have revised this edition to reinforce this focus in the content and organization of the text: Five finance principles provide the foundation for the valuation of any investment. - New topics are introduced in the context of “what is the value proposition?” and “how is the value of the enterprise affected?”