Essentials of Corporate Finance + Self Study CD-ROM + PowerWeb

by Ross, Stephen A.; Westerfield, Randolph; Jordan, Bradford D.

• ISBN13: 9780072848847
• ISBN10: 0072848847
• Format: Hardcover
• Copyright: 2003-02-10
• Publisher: McGraw-Hill/Irwin

Summary

Essentials of Corporate Finance, 4/e by Ross, Westerfield, and Jordan is written to convey the most important concepts and principles of corporate finance at a level that is approachable for a wide audience. The authors retain their modern approach to finance, but have distilled the subject down to the essential topics in 18 chapters. They believe that understanding the "why" is just as important, if not more so, than understanding the "how," especially in an introductory course. Three basic themes emerge as their central focus:1. An emphasis on intuition¿separate and explain the principles at work on a common sense, intuitive level before launching into specifics. Underlying ideas are discussed first in general terms, then followed by specific examples that illustrate in more concrete terms how a financial manager might proceed in a given situation2. A unified valuation approach¿Net Present Value is treated as the basic concept underlying corporate finance. Every subject the authors cover is firmly rooted in valuation, and care is taken to explain how decisions have valuation effects.3. A managerial focus¿Students learn that financial management concerns management. The role of financial manager as decision maker is emphasized and they stress the need for managerial input and judgment.

Table of Contents

Overview of Financial Management

Introduction to Financial Management

Understanding Financial Statements and Cash Flow

Financial Statements, Taxes, and Cash Flow

Working with Financial Statements

Valuation of Future Cash Flows

Introduction to Valuation: The Time Value of Money

Discounted Cash Flow Valuation

Valuing Stocks and Bonds

Interest Rates and Bond Valuation

Equity Markets and Stock Valuation

Capital Budgeting

Net Present Value and Other Investment Criteria

Making Capital Investment Decisions

Risk and Return

Some Lessons from Capital Market History

Risk and Return

Long-Term Financing

Cost of Capital

Leverage and Capital Structure

Dividends and Dividend Policy

Raising Capital

Short-Term Financial Management

Short-Term Financial Planning

Working Capital Management

Topics in Business Finance

International Aspects of Financial Management

Mathematical Tables

Key Equations

Answers to Selected End-of-Chapter Problems

Using the HP-10B and TI BA II Plus Financial Calculators

Table of Contents provided by Publisher. All Rights Reserved.