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Fundamentals of Financial Management

by: Brigham; Houston

Fundamentals of Financial Management

by: Brigham; Houston

ISBN 13:
9780030314612
ISBN 10:
0030314615
Edition: 9TH
Format: Nonspecific Binding
Copyright: 07/13/2000
Publisher: ITP (Manual)
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Summary

The market leader, Brigham/Houston continues to grow in reputation as the most effective approach for student learning in the first undergraduate corporate finance course. It is also updated to reflect the latest in theory, research, real-world examples, and the use of technology. The seamless, integrated ancillary package - done by the authors - is a hallmark of this package that makes course preparation easier for instructors and the subject more accessible for students.

Part I Introduction to Financial Management

An Overview of Financial Management

A new ``Technology Matters'' box discusses how electronic commerce is changing the way firms operate.

Financial Statements, Cash Flow, and Taxes

Added a discussion of EBITDA and a section on ``Modifying Accounting Data for Managerial Decisions.'' Updated federal tax section.

Analysis of Financial Statements

Added EBITDA coverage and price/cash flow ratios to reflect analysts' increased focus on these items.

Financial Planning and Forecasting

Financial forecasting has been moved up from Chapter 15 to follow the financial statement analysis chapter. New section on strategic plans discusses mission statements, corporate scope, corporate objectives, and corporate strategies. New sections on operating plans and financial plans.

The Financial Environment: Markets, Institutions, and Interest Rates

Updated to reflect important changes in the financial environment. Simplified and modernized the term structure discussion. New ``Industry Practice'' box describes the various stock market indexes.

Part II Fundamental Concepts in Financial Management

Risk and Rates of Return

Added discussion on calculating investment returns and the implications of a changing stock market risk premium.

Time Value of Money

Added spreadsheets as a solution method for TVM problems. The spreadsheet discussions occur throughout the chapter and where relevant in other parts of the text. New ``Technology Matters'' box on how to use the Internet for financial planning.

Part III Financial Assets

Bonds and Their Valuation

Added spreadsheet solution method to solve bond problems.

Stocks and Their Valuation

Added discussion of alternatives approaches for valuing common stocks, including a new valuation method based on free cash flows.

Part IV Investing in Long-Term Assets: Capital Budgeting

The Cost of Capital

Added the following sections: ``Adjusting the Cost of Capital for Risk,'' ``Estimating Project Risk,'' ``Using the CAPM to Estimate the Risk-Adjusted Cost of Capital,'' and ``Techniques for Measuring Beta Risk.'' Simplified the breakpoint discussion.

The Basics of Capital Budgeting

We now illustrate how spreadshieet are used in capital budgeting.

Cash Flow Estimation and Risk Analysis

Sensitivity analysis and scenario analysis are now included as part of the chapter on estimating cash flows. This new approach allows students to see how risk affects capital budgeting decisions. Built inflation directly into cash flows, and reduced discussion of replacement projects.

Amazon no longer offers textbook rentals. We do!

Fundamentals of Financial Management

Fundamentals of Financial Management

9780030314612

0030314615

Summary

Table of Contents

Supplemental Materials

Write a Review

Amazon no longer offers textbook rentals. We do!

Fundamentals of Financial Management

Fundamentals of Financial Management

9780030314612

0030314615

Summary

Table of Contents

Supplemental Materials

Write a Review

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