A revised edition which examines the principles of financial management, with an emphasis on shareholder value, covering topics such as EVA, MVA and valuations using free cashflow.
Contains updated references, changes in market structure and operations and tax rates where appropriate. Suitable for third level and professional accountancy students taking finance as a major subject and for those studying finance as part of a non-finance course. Each chapter contains the following: - a set of learning objectives - a comprehensive executive summary - newspaper vignettes introducing students to real-life situations - end of chapter questions, including general reviews and concept questions, and computational and mathematical problems. Employs a pedagogical use of colour. Accompanied by an expanded lecturers' and students' website containing more challenging questions, PowerPoint presentation material, and extensive web links. Additional relevant questions, solutions and past exam papers are available on the ACCA, CIMA and CPA websites.
Part One: Overview of Financial Management 1 An Overview of Finance 2 Financial Statements and Cash Flow 3 Financial Statement Analysis Part Two: Valuations 4 The Time Value of Money 5 Introduction to Bond Valuations 6 Share and Company Valuations Part Three: Strategic Investment Decisions 7 Investment Appraisal 8 The Cost of Capital and Capital Structure 9 Portfolio Theory and the Capital Asset Pricing Model Part Four: Long-term Financial Planning 10 Financial Forecasting and Planning 11 Raising Equity Finance 12 Dividend Policy Part Five: Short-term Financial Planning 13 Working Capital and Cash Management 14 Inventory and Credit Management 15 Short-term Sources of Finance Part Six: The Investment Market 16 The Investment Market Structures and Operation Part Seven: Special Topics in Finance and Investment 17 Risk Management 18 Portfolio Performance taking account of Risk 19 Mergers and Acquisitions 20 A More D