Eddie McLaney

Publisher: Financial Times Press
Copyright: 2006
Format: Paper; 536 pp

ISBN-10:	0273702629
ISBN-13:	9780273702627

Our Price: £42.99
Status: Instock
Published: 25 Oct 2005

Now in its 7th edition, Business Finance by Eddie McLaney gives an invaluable and up-to-date introduction to finance and investment.   Taking a user’s perspective it explores where finance and investment sit in a company’s decision-making process.  The way the author blends the theoretical, analytical and practical aspects of business finance makes this text a highly successful and popular choice for students who have little or no experience of the subject.

This text is suitable for students taking an undergraduate or postgraduate degree in finance or accounting and for those on business courses with an option in finance or accounting. It is also highly appropriate for professional accounting students.

PART 1: THE BUSINESS FINANCE ENVIRONMENT

1. Introduction

2. A framework for financial decision making

3. Financial accounting statements and their interpretation

PART 2: INVESTMENT DECISIONS

4. Investment appraisal methods

5. Practical aspects of investment appraisal

6. Risk in investment appraisal

7. Portfolio theory and its relevance to real investment decisions

PART 3: FINANCING DECISIONS

8. Sources of long-term finance

9. The secondary capital market (the stock exchange) and its efficiency

10. Cost of capital estimations and the discount rate

11. Gearing, the cost of capital and shareholders? wealth

12. The dividend decision

PART 4: INTEGRATED DECISIONS

13. Management of working capital

14. Corporate restructuring (including takeovers and divestments)

15. International aspects of business finance

16. Small businesses

References

Appendix 1. Present value table

Appendix 2. Annuity table

Appendix 3. Suggested answers to review questions

Appendix 4. Suggested answers to selected problem questions

Glossary

• Packed with fresh and international examples to engage and motivate students
• Case Studies from the real world, featuring relevant and modern organisations such as Tesco and Sainsburys, BSkyB, Weetabix and Unilever, to bring the subject to life.
• End of chapter summaries, review questions and problems to encourage self-testing and to help revision.
• Computational problems, graded from basic to advanced, giving the opportunity for further study.
• Excellent support package for students and lecturers featuring an interactive study guide, flashcards, additional questions and case studies, multiple choice questions, weblinks, PowerPoint slides and progress tests. 

• Completely revised full colour design with boxed examples, cases and question material gives an extremely user friendly feel to the text.
• Highlighted key terms with glossary definitions help to ease the revision process.
• New material on bonds and bond grading, bringing students up to date with hot topics on the subject.