Financial Management: Principles and Applications, Global Edition (14^th Ed.)

For undergraduate courses in corporate finance and financial management.
Develop and begin to apply financial principles
Students often struggle to see how financial concepts relate to their personal lives and prospective careers Financial Management: Principles and Applications gives students a big picture perspective of finance and how it is important in their personal and professional lives. Utilising five key principles, the 14th Global Edition provides an approachable introduction to financial decision-making, weaving in real-world issues to demonstrate the practical applications of critical financial concepts.

• Part 1: Introduction to Financial Management
• Chapter 1: Getting Started—Principles of Finance
• Chapter 2: Firms and the Financial Markets
• Chapter 3: Understanding Financial Statements
• Chapter 4: Financial Analysis Sizing Up Firm Performance
• Chapter 5: The Time Value of Money—The Basics
• Chapter 6: The Time Value of Money—Annuities and Other Topics
• Chapter 7: An Introduction to Risk and Return—History of Financial Market Returns
• Chapter 8: Risk and Return—Capital Market Theory
• Chapter 9: Debt Valuation and Interest Rates
• Chapter 10: Stock Valuation
• Part 3: Capital Budgeting
• Chapter 11: Investment Decision Criteria
• Chapter 12: Analyzing Project Cash Flows
• Chapter 13: Risk Analysis and Project Evaluation
• Chapter 14: The Cost of Capital
• Part 4: Capital Structure and Dividend Policy
• Chapter 15: Capital Structure Policy
• Chapter 16: Dividend and Share Repurchase Policy
• Part 5: Liquidity Management and Special Topics in Finance
• Chapter 17: Financial Forecasting and Planning
• Chapter 18: Working-Capital Management
• Chapter 19: International Business Finance
• Chapter 20: Corporate Risk Management
• Glossary

Tying it all together. Through relevant, contemporary examples, students can easily identify relationships between the following key financial principles:

· Principle 1: Money has a time value.

· Principle 2: There is a risk-return tradeoff.

· Principle 3: Cash flows are the source of value.

· Principle 4: Market prices reflect information

· Principle 5: Individuals respond to incentives.

Getting the most out of the material. Essential Learning Aids help students understand concepts on a deeper level.

· Financial Analysis Tools provide quick reference guides for decision-making tools used in financial analysis. Appearing throughout the book, these helpful boxes display names, details, and summaries of calculations and formulas.

· Concept Checks give students the chance to test themselves before moving on with two to five questions. They help clarify topics and make sure concepts are understood at the end of specific sections.

· A running glossary appears in the margins to define key terms found within each section.

· Regardless of Your Major boxes, found at the beginning of each chapter, incorporate examples from other business school majors to show the wide range of applicability finance has to students and their career paths.

· Finance in a Flat World boxes demonstrate how each chapter’s content applies to international business, including the ongoing global financial crisis.

· The Business of Life boxes link important financial concepts to personal finance matters, helping students see key principles in action.

· Fundamental equations appear throughout each chapter so students can reference formulas for assignments and problems.

· Checkpoint Worked Examples allow students to assess their progress and knowledge