Van Horne:Fundamentals of Financial Management

by Van Horne, J.; Wachowicz, John M

• ISBN13: 9780273685982
• ISBN10: 0273685988
• Edition: 13th
• Format: Paperback
• Copyright: 2009-01-01
• Publisher: Pearson College Div

Summary

Do you want to understand the impacts financial decisions have on the value of companies? Ideal for those new to financial management, this sparklingly clear text cuts through the mire of the financial decision-making process. A practical and reliable book, free from technical errors, backed up by a wealth of award-winning support material. Fundamentals of Financial Management is your route to understanding the impacts of financial decisions on value creation.Covers the 3 key areas of financial management decisions:*investment*financing*asset management"wonderful book" Enrico Gallina, The European School of Economics, Italy"this is the best book I have found so far" Jean Bellemans, VUB, Belgium"A classic book that is probably the best that has been written. My students like the book. I find it very significant that the students are not confused by the material or terminology." Peter Went, Bucknell University, USA"an informative, entertaining website" Strategic Finance MagazineIdeal for introductory courses in financial management. It is also useful for those studying for a professional qualification or as a reference for practitioners.Suggested reading for Certified Financial Manager (CFM) and Certified Management Accountant (CMA) examinations.James C. Van Horne, Professor of Banking and Finance at Stanford University, is also the author of Financial Management and Policy, a Pearson Education text.John M. Wachowicz JR. is Professor of Finance at The University of Tennessee

Table of Contents

Introduction to Financial Management

The Role of Financial Management

The Business, Tax and Financial Environments

Valuation

The Time Value of Money

The Valuation of Long-Term Securities

Risk and Return

Measuring Portfolio Risk

Arbitrage Pricing Theory

Tools of Financial Analysis and Planning

Financial Statement Analysis Appendix: Deferred Taxes and Financial Analysis

Funds Analysis, Cash-Flow Analysis, and Financial Planning Appendix: Sustainable Growth Modeling

Working Capital Management

Overview of Working Capital Management

Cash and Marketable Securities Management

Accounts Receivable and Inventory Management

Short-Term Financing

Investment in Capital Assets

Capital Budgeting and Estimating Cash Flows

Capital Budgeting Techniques Appendix A: Multiple Internal Rates of Return Appendix B: Replacement Chain Analysis

Risk and Managerial Options in Capital Budgeting

The Cost of Capital, Capital Structure, and Dividend Policy

Required Returns and the Cost of Capital Appendix A: Adjusting the Beta for Financial Leverage Appendix B: Adjusted Present Value

Operating and Financial Leverage

Capital Structure Determination

Dividend Policy

Intermediate and Long-Term Financing

The Capital Market

Long-Term Debt, Preferred Stock, and Common Stock Appendix: Refunding A Bond Issue

Term Loans and Leases Appendix: Accounting Treatment of Leases

Special Areas of Financial Management

Convertibles, Exchangeables, and Warrants Appendix: Option Pricing

Mergers and Other Forms of Corporate Restructuring Appendix: Remedies for a Failing Company

International Financial Management

Table of Contents provided by Publisher. All Rights Reserved.