James C. Van Horne, Stanford University
John M Wachowicz, The University of Tennessee

Publisher: Financial Times Press
Copyright: 2005
Format: Paper; 736 pp

ISBN-10:	0273685988
ISBN-13:	9780273685982

Our Price: £44.99
Status: Instock
Published: 05 Oct 2004

Fundamentals of Financial Management, 12th Edition provides the route to understanding the financial decision-making process and to interpreting the impacts that financial decisions have on value creation.

Ideal for those new to financial management, this text covers the entire financial decision-making process, introducing the three major areas in financial management ? investment, financing and asset management. Also suitable for those studying for professional qualifications.

PART ONE: INTRODUCTION TO FINANCIAL MANAGEMENT
1. The Role of Financial Management
2. The Business, Tax and Financial Environments
PART TWO: VALUATION
3. The Time Value of Money
4. The Valuation of Long-Term Securities
5. Risk and Return
Appendix A: Measuring Portfolio Risk
Appendix B: Arbitrage Pricing Theory
PART THREE: TOOLS OF FINANCIAL ANALYSIS AND PLANNING
6. Financial Statement Analysis
Appendix: Deferred Taxes and Financial Analysis
7. Funds Analysis, Cash-Flow Analysis, and Financial Planning
Appendix: Sustainable Growth Modeling
PART FOUR: WORKING CAPITAL MANAGEMENT
8. Overview of Working Capital Management
9. Cash and Marketable Securities Management
10. Accounts Receivable and Inventory Management
11. Short-Term Financing
PART FIVE: INVESTMENT IN CAPITAL ASSETS
12. Capital Budgeting and Estimating Cash Flows
13. Capital Budgeting Techniques
Appendix A: Multiple Internal Rates of Return
Appendix B: Replacement Chain Analysis
14. Risk and Managerial Options in Capital Budgeting
PART SIX: THE COST OF CAPITAL, CAPITAL STRUCTURE, AND DIVIDEND POLICY
15. Required Returns and the Cost of Capital
Appendix A: Adjusting the Beta for Financial Leverage
Appendix B: Adjusted Present Value
16. Operating and Financial Leverage
17. Capital Structure Determination
18. Dividend Policy
PART SEVEN: INTERMEDIATE AND LONG-TERM FINANCING
19. The Capital Market
20. Long-Term Debt, Preferred Stock, and Common Stock
Appendix: Refunding A Bond Issue
21. Term Loans and Leases
Appendix: Accounting Treatment of Leases
PART EIGHT: SPECIAL AREAS OF FINANCIAL MANAGEMENT
22. Convertibles, Exchangeables, and Warrants
Appendix: Option Pricing
23. Mergers and Other Forms of Corporate Restructuring
Appendix: Remedies for a Failing Company
24. International Financial Management

• Logical organization and clear writing style ? Introduces the principles of financial returns and valuation early on and carries the notion of risk-verses-return throughout, which helps students get to grips with the core principles.
• An International scope allows students to explore the global dimensions of financial management
• In-depth treatment of working capital management to better prepare students to deal with these issues in their working life.
• Extensive coverage of capital budgeting issues, including managerial or real options
• 12 end of chapter appendices on specialised topics allow flexibility in the use of the book.
• OneKey Resource Package, including author?s own award winning site. Contain hundreds of categorised and annotated weblinks, multiple choice quizzes, web-exercises, PowerPoint slides, solutions to questions.

• New section on corporate governance, including the role of the Board of Directors, which provides students with knowledge of current 'hot topics'.
• Learning objectives included at the start of each chapter to guide learning
• Dozens of new real business examples from around the world, which help to engage the students.
• Enhanced coverage of international financial management issues, which will help students get a global picture.
• New section on ?Inventory Control, Supply Chain Management, and the Internet? introduces new terms like Business-to-Business (B2B) and B2B Exchange
• 18 new terms defined in both running Glossary and end-of-book cumulative Glossary keeps students up to date with emerging terms.