The best-selling "Fundamentals of Corporate Finance" (FCF) is written with one strongly held principle - that corporate finance should be developed and taught in terms of a few integrated, powerful ideas. As such, there are three basic themes that are the central focus of the book. First is the emphasis on intuition - underlying ideas are discussed in general terms and then by way of examples that illustrate in more concrete terms how a financial manager might proceed in a given situation. The second is a unified valuation approach - net present value (NPV) is treated as the basic concept underlying corporate finance. Every subject covered is firmly rooted in valuation, and care is taken to explain how particular decisions have valuation effects. The third theme is managerial focus - the authors emphasize the role of the financial manager as decision maker, and they stress the need for managerial input and judgment.The Seventh Edition continues the tradition of excellence that has earned "Fundamentals of Corporate Finance" its status as market leader. Every chapter has been updated to provide the most current examples that reflect corporate finance in today's world. The supplements package has also been updated and improved. From a new computerized test bank that is easier than ever to use, to new narrated PowerPoint for students, to new interactive learning modules, student and instructor support has never been stronger. There is also an optional, exciting new web-based program called 'Homework Manager' that will help your students learn corporate finance by duplicating problems from each chapter in the textbook and by providing automatic grading and feedback to both students and instructors.
States that corporate finance should be developed and taught in terms of a few integrated, powerful ideas. This book shows how a financial manager might proceed in a given situation. It also emphasizes the role of the financial manager as decision maker.
Part One: Overview of Corporate FinanceChapter 1: Introduction to Corporate FinanceChapter 2: Financial Statements, Taxes, and Cash FlowPart Two: Financial Statements and Long-Term Financial PlanningChapter 3: Working with Financial StatementsChapter 4: Long-Term Financial Planning and GrowthPart Three: Valuation of Future Cash FlowsChapter 5: Introduction to Valuation: The Time Value of MoneyChapter 6: Discounted Cash Flow ValuationChapter 7: Interest Rates and Bond ValuationChapter 8: Stock ValuationPart Four: Capital BudgetingChapter 9: Net Present Value and Other Investment CriteriaChapter 10: Making Capital Investment DecisionsChapter 11: Project Analysis and EvaluationPart Five: Risk and ReturnChapter 12: Some Lessons from Capital Market HistoryChapter 13: Return, Risk, and the Security Market LineChapter 14: Options and Corporate FinancePart Six: Cost of Capital and Long-Term Financial PolicyChapter 15: Cost of CapitalChapter 16: Raising CapitalChapter 17: Financial Leverage and Capital Structure PolicyChapter 18: Dividends and Dividend PolicyPart Seven: Short-Term Financial Planning and ManagementChapter 19: Short-Term Finance and PlanningChapter 20: Cash and Liquidity ManagementChapter 21: Credit and Inventory ManagementPart Eight: Topics in Corporate Finance Chapter 22: International Corporate Finance Chapter 23: Risk Management: An Introduction to Financial EngineeringChapter 24: Option ValuationChapter 25: Mergers and AcquisitionsChapter 26: Leasing
McGraw Hill Higher Education