Financial Management : Principles and Applications

by Keown, Arthur J.; Martin, John W.; Petty, William D.; Scott, David F.

• ISBN13: 9780130333629
• ISBN10: 013033362X
• Edition: 9th
• Format: Hardcover
• Copyright: 2002-01-01
• Publisher: PRENTICE HALL

Summary

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

Preface	xvii
PART 1: THE SCOPE AND ENVIRONMENT OF FINANCIAL MANAGEMENT
An Introduction to Financial Management	1	(26)
Understanding Financial Statements, Taxes, and Cash Flows	27	(35)
Evaluating a Firm's Financial Performance	62	(37)
Financial Forecasting, Planning, and Budgeting	99	(28)
PART 2: VALUATION OF FINANCIAL ASSETS
The Time Value of Money	127	(41)
Risk and Rates of Return	168	(43)
Valuation and Characteristics of Bonds	211	(30)
Stock Valuation	241	(30)
PART 3: INVESTMENT IN LONG-TERM ASSETS
Capital-Budgeting Decision Criteria	271	(38)
Cash Flows and Other Topics in Capital Budgeting	309	(40)
Capital Budgeting and Risk Analysis	349	(32)
Cost of Capital	381	(29)
Managing for Shareholder Value	410	(29)
PART 4: CAPITAL STRUCTURE AND DIVIDEND POLICY
Raising Capital in the Financial Markets	439	(29)
Analysis and Impact of Leverage	468	(45)
Planning the Firm's Financing Mix	513	(54)
Dividend Policy and Internal Financing	567	(39)
PART 5: WORKING-CAPITAL MANAGEMENT AND SPECIAL TOPICS IN FINANCE
Working-Capital Management and Short-Term Financing	606	(28)
Cash and Marketable Securities Management	634	(31)
Accounts Receivable and Inventory Management	665	(33)
PART 6: SPECIAL TOPICS IN FINANCE
Risk Management	698	(34)
International Business Finance	732
Corporate Restructuring: Combinations and Divestitures	23	(1)
Term Loans and Leases	24
Appendices	A-1
Glossary	G-1
Index	I-1