3 Review(s)

Foundations of Finance retains its foundational approach to the key concepts of finance, bolstered by real-world vignettes, cases, and problem exercises. Utilizing five principles, which are presented at the beginning of the book and applied throughout, the authors introduce a multi-step approach to financial problem solving that appeals to students at all levels, math and numerical skills. As in previous editions, the Ninth Edition focuses on valuation and opens every chapter with a vignette based on financial decisions faced by contemporary, real-world companies and firms. Other highly useful features include mini cases, cautionary tales, lists of key terms, and a discussion of ethics. Revised and updated, the newest edition includes new lecture videos, financial thinking, user feedback, and lessons from the recent economic crisis. Features: - Five Principles, presented at the beginning of the book, provide students with a strong foundation of the key concepts in finance so they are able to apply such principles outside of class to real-life situations. Principle 1: Cash Flow Is What MattersPrinciple 2: Money Has a Time ValuePrinciple 3: Risk Requires a RewardPrinciple 4: Market Prices are Generally RightPrinciple 5: Conflicts of Interest Can Cause Agency Problems- A Focus on Valuation. Although many professors and instructors make valuation the central theme of their course, students often lose sight of this focus when reading their text. The authors have revised this edition to reinforce this focus in the content and organization of the text: Five finance principles provide the foundation for the valuation of any investment. - New topics are introduced in the context of “what is the value proposition?” and “how is the value of the enterprise affected?” Table of Contents: 1. An Introduction to the Foundations of Financial Management2. The Financial Markets and Interest Rates3. Understanding Financial Statements and Cash Flows4. Evaluating a Firm’s Financial Performance5. The Time Value of Money6. The Meaning and Measurement of Risk and Return7. The Valuation and Characteristics of Bonds8. The Valuation and Characteristics of Stock9. The Cost of Capital10. Capital-Budgeting Techniques and Practice11. Cash Flows and Other Topics in Capital Budgeting12. Determining the Financing Mix13. Dividend Policy and Internal Financing14. Short-Term Financial Planning15. Working-Capital Management16. International Business Finance17. Cash, Receivables, and Inventory Management