Fundamentals of Finanial Management – James C. Van Horne – 12th Edition

Description

Fundamentals of , 12th Edition provides the route to understanding the financial decision-making process and to interpreting the impacts that financial 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.

New To This Edition:
* New section on corporate governance, the role of the Board of Directors, which provides students with of current ‘hot topics’.
* objectives included at the start of each chapter to guide
* Dozens of new real business examples from around the world, which help to engage the students.
* Enhanced coverage of 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- cumulative Glossary keeps students up to date with emerging terms.

Table of Content


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

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