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Fundamentals of Corporate Finance, Australian Edition

Fundamentals of Corporate Finance, Australian Edition

Author: Robert Parrino; David S. Kidwell; Hue Hwa Au Yong; Nigel Morkel-Kingsbury; Michael Dempsey; James Murray
Publisher: John Wiley & Sons
ISBN: 9780730303145
Published In: October 2011
Format: Paperback , 200 pages
Jurisdiction: Australia ? Disclaimer:
Countri(es) stated herein are used as reference only

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Description
Contents

Details
Fundamentals of Corporate Finance helps students develop the intuition and analytical skills necessary to effectively apply financial tools in real-world decision-making situations. The text provides a fully integrated framework for understanding how value creation relates to all aspects of corporate finance: whether it be evaluating an investment opportunity, determining the appropriate financing for a business, or managing working capital. This unique and integrated framework also enables students to develop problem solving and decision-making skills.

The authors believe that students who understand the intuition underlying the basic concepts of finance are better able to develop the critical judgments necessary to apply financial tools in real-world, decision-making situations. Their text develops intuitive thinking while simultaneously helping students develop problem solving and computational skills. It then shows students how to apply intuition and analytical skills to decision making, while integrating it all with valuation and building shareholder value.

Features:
- Australian companies introduce the chapters and provide a real world context for financial concepts in the chapter. Some of the companies profiled are Wesfarmers, The Coles Group, Qantas, Harvey Norman, Myer, Boost Juice and Optus
- Building Intuition boxes provide a statement of an important finance concept along with an intuitive example or explanation to help the student "get" the concept
- Learning by Doing Applications contain standard quantitative problems with step-by-step solutions to help students better understand how to apply their intuition and analytical skills to solve important problems. This unique feature takes the stepped-out problem beyond other texts by offering "approaches" students can take to solve each problem
- Decision-Making Examples emphasise the decision-making process along with computation and provide students at all levels with experience in financial decision-making
- Before You Go On self-study questions throughout each chapter serve as a checkpoint at which students can test their understanding of the material in that section.
- Currency of data and statistical information from RBA, ASX etc.
- More than 1,000 end-of-chapter problems written by the authors with Bloom's Taxonomy in mind. Solutions for these problems and charts showing how they relate to the levels in Bloom's Taxonomy are provided in the Instructor's Manual
  - Problems reinforce the methods used to solve problems discussed in the chapter
  - Critical Thinking Questions require students to think through their understanding of the basic concepts and apply those concepts to a problem
  - Questions and Problems cover a range of difficulty levels to help students solidify their understanding of the concepts.
  - Sample Test Problems call for straightforward applications of the chapter concepts and gives students a sense of comfort in test preparation.
Part 1 Introduction
1. The Financial Manager and the company

Part 2 Foundation
2. The Financial Environment and the Level of Interest Rates
3. Financial Statements, Cash Flows, and Taxes
4. Analysing Financial Statements

Part 3 Valuation of future cash flows and risk
5. The Time Value of Money
6. Discounted Cash Flows and Valuation
7. Risk and Return
8. Bond Valuation and the Structure of Interest Rates
9. Share Valuation

Part 4 Capital budgeting decisions
10. The Fundamentals of Capital Budgeting
11. Cash Flows and Capital Budgeting
12. Evaluating Project Economics and Capital Rationing
13. The Cost of Capital

Part 5 Working capital management and financing decisions
14. Working Capital Management
15. How comapnies Raise Capital
16. Capital Structure Policy
17. Dividends and Dividend Policy

Part 6 Business formation
18. Business Formation, Growth, and Valuation
19. Strategic Financial Planning and Forecasting

Part 7 Options in corporate finance and international decisions
20. Options and Corporate Finance
21. International Financial Management