Understanding Financial... | Buy

Designed for those who want to gain an understanding of the fundamental concepts and techniques used in financial management. An underlying premise of the book is that the objective of the firm is to maximize value or wealth. Drawing on a wealth of experience in the academic and professional worlds, the authors discuss how firms can accomplish this objective by making appropriate investment and financing decisions. Bridging the gap between financial theory and practice, the authors present fundamental concepts in an intuitive and nontechnical way, and provide numerous practical financial tips to readers. The focus is on current practice, using results from recent surveys to show the most popular techniques and approaches used by financial managers today. A range of instructor's resources are available at the accompanying website. Visit www.blackwellpublishing.com/baker for full details.

List of Figures
List of Tables
About the authors
Preface
Acknowledgments
The Foundation
Introduction to Financial Management
Financial Management and the Financial Manager
Corporate Form of Business Organization
The Goal of Financial Management
Accounting Profit versus Economic Profit
The Agency Relationship
Organization of the Book
Interpreting Financial Statements
Basics of Annual Reports and Financial Statements
Balance Sheet
Income Statement
Statement of Cash Flows
Statement of Retained Earnings
Common-size Statements
Notes to Financial Statements
Quality of Earnings
Other Issues
Interpreting Financial Ratios
Financial Ratio Analysis
Liquidity Ratios
Debt Management Ratios
Asset Management Ratios
Profitability Ratios
Market Value Ratios
Uses of Financial Ratios
Limitations of Financial Ratio Analysis
The Time Value of Money
Central Concepts in Finance
Future Value of a Present Amount
Present Value of a Future Amount
Future Value of an Annuity
Present Value of an Annuity
Present Value of a Perpetuity
Compounding Frequencies
Nominal and Effective Interest Rates
Solving for an Unknown Interest Rate
Other Time Value Applications
Valuation
Valuation Fundamentals
Bond Characteristics and Features
Bond Valuation
Bond Pricing Relationships
Interest Rate Risk
Bond Yields
Bond Trading and Price Reporting
Preferred Stock Features and Valuation
Common Stock Characteristics and Features
Common Stock Valuation
Working Capital Management Decisions
Working Capital Management
Introduction to Working Capital Management
Approaches to Working Capital Management
Operating and Cash Conversion Cycles
Cash Management
Accounts Receivable Management
Inventory Management
Long-term Investment Decisions
Capital Investments and Cash Flow Analysis
Capital Investment Decisions
Project Classifications
Capital Budgeting Process
Guidelines for Estimating Project Cash Flows
Cash Flow Components
Tax Effects of Selling Depreciable Assets
Applying Cash Flow Analysis
Capital Budgeting for the Multinational Corporation
Capital Budgeting
Project Classifications and Analysis
Net Present Value
Profitability Index
Internal Rate of Return
Modified Internal Rate of Return
Payback Period
Discounted Payback Period
Summary of Capital Budgeting Techniques
Mutually Exclusive Project Decisions
Capital Rationing Decisions
Capital Budgeting Techniques in Theory and Practice
Risk Analysis
Types of Risk in Capital Budgeting
Assessing Single-Project Risk
Assessing Market Risk
Adjusting for Risk
Risk Analysis in Multinational Corporations
Risk Analysis in Theory and Practice
Long-term Financing Decisions
Raising Funds and Cost of Capital
Financial Markets
Investment Banks
The Decision to Go Public
Different Methods of Issuing New Securities
Public Offer
Private Placement
Costs of Issuing New Securities
Cost of Capital Concept
Cost of Capital Components
Weighted Average Cost of Capital
Marginal Cost of Capital
Capital Structure
The Financing Mix
Understanding Financial Risk
Capital Structure and the Value of the Firm
ModiglianiûMiller Theorem with Corporate Taxes
The Costs of Financial Distress
Tradeoff Theory of Optimal Capital Structure
Pecking Order Theory of Capital Structure
Stakeholder Theory of Capital Structure
Capital Structure in Practice
Bankruptcy
Dividend Policy
Dividends and Dividend Policy
The Dividend Puzzle
Factors Influencing the Dividend Decision
Dividend Policies
Stock Repurchases
Cash Dividends versus Stock Repurchases
Dividend Reinvestment Plans
Stock Dividends
Stock Splits and Reverse Splits
Glossary
Index
Table of Contents provided by Publisher. All Rights Reserved.

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