Motivate your students to study finance by focusing on its five underlying principles.
This Global Edition has been edited to include enhancements making it more relevant to students outside the United States
Foundations of Finance enables students to see the big picture by helping them understand the logic that drives finance rather than having them memorize formulas.
Features + Benefits
Real-World Chapter-Opening Vignettes. Each chapter begins with a story about a current, real-world company faced with a financial decision related to the chapter material. These vignettes have been carefully prepared to stimulate student interest and can be used as a lecture tool to provoke class discussion.
Integrated Examples. These real-world examples encourage students to apply the concepts presented in each chapter.
Mini Cases. A comprehensive Mini Case appears at the end of almost every chapter, covering all the chapter’s major topics. This Mini Case provides an opportunity to apply all the concepts presented within the chapter in a realistic setting, thereby strengthening students’ understanding of the material.
Check Understanding:
“Can You Do It?” and “Did You Get It?” Sections. This text provides examples for students at the end of each chapter titled, “Can You Do It?” These examples are followed by a “Did You Get It?” section several pages later in the text. Together, these sections provide an essential ingredient to the building-block approach to the material in this text.
Remember Your Principles. These in-text inserts appear throughout the material, encouraging students to take time out and reflect on the meaning of the concepts just presented. The use of these inserts, coupled with the use of the five principles, keeps the student focused on the interrelationships and motivating factors behind the concepts.
Cover Ethics. Ethics is covered as a core principle and “Ethics in Financial Management” boxes appear throughout. These show students that ethical behavior is doing the right thing and that ethical dilemmas are everywhere in finance. PART II. The Scope and Environment of Financial Management
1. An Introduction to the Foundations of Financial Management
2. The Financial Markets and Interest Rates
3. Understanding Financial Statements and Cash Flows
4. Evaluating a Firm’s Financial Performance
Part II. The Valuation of Financial Assets
5. The Time Value of Money
6. The Meaning and Measurement of Risk and Return
7. The Valuation and Characteristics of Bonds
8. The Valuation and Characteristics of Stock
9. The Cost of Capital
Part III. Investment in Long-Term Assets
10. Capital-Budgeting Techniques and Practice
11. Cash Flows and Other Topics in Capital Budgeting
Part IV. Capital Structure and Dividend Policy
12. Determining the Financing Mix
13. Dividend Policy and Internal Financing
Part V. Working-Capital Management and International Business Finance
14. Short-Term Financial Planning
15. Working-Capital Management
16. International Business Finance
Web 17. Cash, Receivables, and Inventory Management
This Global Edition has been edited to include enhancements making it more relevant to students outside the United States
Foundations of Finance enables students to see the big picture by helping them understand the logic that drives finance rather than having them memorize formulas.
Features + Benefits
Real-World Chapter-Opening Vignettes. Each chapter begins with a story about a current, real-world company faced with a financial decision related to the chapter material. These vignettes have been carefully prepared to stimulate student interest and can be used as a lecture tool to provoke class discussion.
Integrated Examples. These real-world examples encourage students to apply the concepts presented in each chapter.
Mini Cases. A comprehensive Mini Case appears at the end of almost every chapter, covering all the chapter’s major topics. This Mini Case provides an opportunity to apply all the concepts presented within the chapter in a realistic setting, thereby strengthening students’ understanding of the material.
Check Understanding:
“Can You Do It?” and “Did You Get It?” Sections. This text provides examples for students at the end of each chapter titled, “Can You Do It?” These examples are followed by a “Did You Get It?” section several pages later in the text. Together, these sections provide an essential ingredient to the building-block approach to the material in this text.
Remember Your Principles. These in-text inserts appear throughout the material, encouraging students to take time out and reflect on the meaning of the concepts just presented. The use of these inserts, coupled with the use of the five principles, keeps the student focused on the interrelationships and motivating factors behind the concepts.
Cover Ethics. Ethics is covered as a core principle and “Ethics in Financial Management” boxes appear throughout. These show students that ethical behavior is doing the right thing and that ethical dilemmas are everywhere in finance. PART II. The Scope and Environment of Financial Management
1. An Introduction to the Foundations of Financial Management
2. The Financial Markets and Interest Rates
3. Understanding Financial Statements and Cash Flows
4. Evaluating a Firm’s Financial Performance
Part II. The Valuation of Financial Assets
5. The Time Value of Money
6. The Meaning and Measurement of Risk and Return
7. The Valuation and Characteristics of Bonds
8. The Valuation and Characteristics of Stock
9. The Cost of Capital
Part III. Investment in Long-Term Assets
10. Capital-Budgeting Techniques and Practice
11. Cash Flows and Other Topics in Capital Budgeting
Part IV. Capital Structure and Dividend Policy
12. Determining the Financing Mix
13. Dividend Policy and Internal Financing
Part V. Working-Capital Management and International Business Finance
14. Short-Term Financial Planning
15. Working-Capital Management
16. International Business Finance
Web 17. Cash, Receivables, and Inventory Management