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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. Utilizing five key principles, the 13th Edition provides an approachable introduction to financial decision-making, weaving in real world issues to demonstrate the practical applications of critical financial concepts.Features:1. 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.- A running glossary appears in the margins to define key terms found within each section.- 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 at specific points throughout the text.- Appendixes provide supplemental information on skills such as using a financial calculator and spreadsheet, and reading time value of money tables.Table of Contents:Part 1: Introduction to Financial Management1. Getting Started—Principles of Finance2. Firms and the Financial Markets3. Understanding Financial Statements4. Financial Analysis—Sizing Up Firm Performance Part 2: Valuation of Financial Assets5. The Time Value of Money—The Basics6. The Time Value of Money—Annuities and Other Topics7. An Introduction to Risk and Return—History of Financial Market Returns8. Risk and Return—Capital Market Theory9. Debt Valuation and Interest Rates10. Stock Valuation Part 3: Capital Budgeting11. Investment Decision Criteria12. Analyzing Project Cash Flows13. Risk Analysis and Project Evaluation14. The Cost of Capital Part 4: Capital Structure and Dividend Policy15. Capital Structure Policy16. Dividend and Share Repurchase Policy Part 5: Liquidity Management and Special Topics in Finance17. Financial Forecasting and Planning18. Working-Capital Management19. International Business Finance20. Corporate Risk Management