Guide students with a proven learning goal system New - The 15th Edition features 19 chapters divided into eight parts. Each part gives a brief overview, intended to give students an advanced sense for the collective value of the chapters included in the part. New - Opener in Review question asks students to apply a concept that they learned in the chapter to the business situation described in the opener. New - Chapter 1 provides expanded content focusing on the goal of the firm and the broad principles that financial managers use in their pursuit of that goal. Updated - with problems to each chapter, require students to use real-world data to reach a solution. New/Updated - Part V features chapter discussions of economic value added using data from Exxon. Mobile Corp. Chapter 2 in this part explains how financial analysts construct cash flow projections, which are a required component of net present value analysis. The final chapter in Part V describes how firms analyse the risks associated with capital investments. The overarching organisation helps students to make connections -- each major decision is presented in terms of both risk and return factors and their potential impact on an owner’s wealth. Focus on Value at the end of each chapter helps reinforce students’ understanding of the link between a financial manager’s actions and a firm’s share value. Provide real, hands-on examples and connections New - Chapter-opening vignettes feature companies such as Airbnb, Kroger, Netflix, Apple, Tesla, General Motors, Whirlpool, and Dell that are familiar to students and relevant for business in the “real world.” Updated - Focus on Ethics boxes highlight situations in which businesses or individuals have engaged in unethical behavior. The boxes explore the consequences of ethical lapses and the ways in which markets and governments play a role in enforcing ethical standards. Personal Finance Connections show students the value of applying financial principles and techniques to their personal lives: Why This Chapter Matters to You helps motivate interest by discussing how the topic relates to the concerns of other major business disciplines and personal finance decisions. Personal Finance links the concepts, tools, and techniques of each chapter, and problems can also be found throughout the homework material. In today’s world international considerations are essential to the study of business in general -- and finance in particular. Discussions of international dimensions are integrated throughout the chapters, learning goals, and end-of-chapter content. For instructors who devote more time to this topic, a separate chapter on international managerial finance is available at the end of the text.  

This title is a Pearson Global Edition. The Editorial team at Pearson has worked closely with educators around the world to include content which is especially relevant to students outside the United States.   Guide students with a proven learning goal system The 15th Edition features 19 chapters divided into eight parts. Each part gives a brief overview, intended to give students an advanced sense for the collective value of the chapters included in the part. Opener in Review question asks students to apply a concept that they learned in the chapter to the business situation described in the opener. Chapter 1 provides expanded content focusing on the goal of the firm and the broad principles that financial managers use in their pursuit of that goal. Financial calculator images that are featured in the book, match the financial calculator available on Pearson MyLab Finance. Updated with problems to each chapter, require students to use real-world data to reach a solution. Part V features chapter discussions of economic value added using data from Exxon.   Provide real, hands-on examples and connections Chapter-opening vignettes feature companies such as Airbnb, Kroger, Netflix, Apple, Tesla, General Motors, Whirlpool, and Dell that are familiar to students and relevant for business in the “real world.” Focus on Ethics boxes highlight situations in which businesses or individuals have engaged in unethical behavior. The boxes explore the consequences of ethical lapses and the ways in which markets and governments play a role in enforcing ethical standards. Check out the preface for a complete list of features and what's new in this edition.    Also available with Pearson MyLab Finance Pearson MyLab Finance is the teaching and learning platform that empowers you to reach every student. By combining trusted author content with digital tools and a flexible platform, MyLab personalizes the learning experience and improves results for each student. Learn more about Pearson MyLab Finance. MyLab™ Finance is not included. Students, if MyLab Finance is a recommended/mandatory component of the course, please ask your instructor for the correct ISBN. Pearson MyLab Finance should only be purchased when required by an instructor. Instructors, contact your Pearson representative for more information.