Part 1 The business finance environment Chapter 1 Introduction Chapter 2 A framework for financial decision making Chapter 3 Financial (accounting) statements and their interpretation Part 2 Investment decisions Chapter 4 Investment appraisal methods Chapter 5 Practical aspects of investment appraisal Chapter 6 Risk in investment appraisal Chapter 7 Portfolio theory and its relevance to real investment decisions Part 3 Financing decisions Chapter 8 Sources of long-term finance Chapter 9 The secondary capital market (the stock exchange) and its efficiency Chapter 10 Cost of capital estimations and the discount rate Chapter 11 Gearing, the cost of capital and shareholders’ wealth Chapter 12 The dividend decision Part 4 Integrated decisions Chapter 13 Management of working capital Chapter 14 Corporate restructuring (including takeovers and divestments) Chapter 15 International aspects of business finance Chapter 16 Small businesses Glossary References Index

“Well-written, valuable guide on business finance concepts”. Dr. Ortenca Kume, University of Kent     Successfully blending the theoretical, analytical and practical aspects of finance and investments, the 11th edition of Business Finance is an essential introduction for any student studying accounting and finance. With a strong real world focus, this text bridges the gap between the theories surrounding financial decision making and what happens in the real business world in an accessible, user-friendly way.     New to this Edition: •    An extensive up-to-date range of UK and internationally-focused real-world examples •    Incorporation of relevant recent research evidence •    Extended discussion of the role and criticisms of 'private equity' •    Expanded coverage of alleged 'short termism' in financial decision making •    Substantial revision of financing small businesses, including government support 'crowd funding' and 'peer to peer' lending •    Comprehensive coverage of the latest international issues •    Continued use of clear design and pedagogical features for enhanced readability and quick reference     Visit www.pearsoned.co.uk/mclaney to gain access to a suite of resources which accompany this text: •    For instructors : Solution’s manual, and PowerPoint slides •    For students : Opportunities to practice and additional support with our companion website   Business Finance is suitable for undergraduates in accounting and finance and for those on finance and financial management courses. It is also appropriate for postgraduate students with an option in accounting and finance and is highly useful for professional accounting students.   Eddie McLaney is Visiting Fellow in Accounting and Finance at the University of Plymouth.

This book contains several pedagogical features to help provide a supported and engaging learning experience: All chapters contain key learning objectives, summaries, and highlighted key terms so that students can track their learning from start to end of the chapter Filled with review questions and problems giving students plenty of opportunities to practice and refine their knowledge. Illustrated examples throughout to explain step by step workings through to solution Clear and structured Parts and sections to ensure logical progression and understanding  

In line with reviewer feedback, the new edition has been updated to incorporate the following:  ·    An extensive up-to-date range of UK and internationally-focused real-world examples ·    Incorporation of relevant recent research evidence ·    Extended discussion of the role and criticisms of 'private equity' ·    Expanded coverage of alleged 'short termism' in financial decision making ·    Substantial revision of financing small businesses, including government support 'crowd funding' and 'peer to peer' lending ·    Comprehensive coverage of the latest international issues ·    Continued use of clear design and pedagogical features for enhanced readability and quick reference