Synopses & Reviews
With its exciting introduction of the Harley-Davidson focus company theme, this book continues to provide a solid, enduring foundation of the tools of modern theory while at the same time developing the logic behind their use. The “10 Principles of Finance” (formerly “Axioms” ) provide the framework, or “the big picture” of finance, which ties the major concepts of the book together. A six-part organization covers the scope and environment of financial management, valuation of financial assets, investment in long-term assets, capital structure and dividend policy, working-capital management, and special topics in finance, and special topics in finance. For an enduring understanding of the basic tools and fundamental principles upon which finance is based.
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.