Fundamentals of Financial Management, 13th edition
Published by Pearson (November 4, 2008) © 2009
  • J Van Horne
  • John M Wachowicz

Title overview

A practical introduction to understanding the Financial Management of companies in today’s rapidly changing business world.

Maintaining its dedication to the financial decision-making process and the analysis of value creation, this new 13th edition develops a more international scope and introduces new topics into the debate.

Current discussions on corporate governance, ethical dilemmas, globalization of finance, strategic alliances and the growth of outsourcing have been added with examples and boxed features to aid understanding and provide a more global perspective of financial management

Fundamentals of Financial Management is particularly well-suited to introductory courses in financial management, for a professional qualification and as a reference for practitioners. On the reading list for Association of Chartered Certified Accountants (ACCA) Qualification Paper (F9) Financial Management. Suggested reading for Certified Management Accountant (CMA) examination.

 

Hallmark Approach

  • Covers the 3 key areas of financial management decisions: investment, financing and asset management
  • New! Additional coverage of short term financing and overdrafts, Corporate Social Responsibility and binomial real options.
  • New! Expanded Chapter 9 Cash and Marketable Securities Management
  • New! Coverage of Islamic Finance

For Lecturers

  • New for this edition, Powerpoint slides for each chapter integrating and demonstrating how excel can be used to help solve calculations.
  • Extensive Instructor’s manual including answers to questions, solutions to problems and solutions to self-correction problems.
  • Testbank of additional question material

For students

  • Multiple choice, true/false and essay questions to test your understanding PowerPoint presentations for each chapter to remind you of key concepts 
  • An online glossary to explain key terms and flash cards to test your knowledge of key terms and definitions in each chapter
  • Excel templates for end of chapter problems to help you model a spread sheet approach to solving the problem

New to this Edition

  • Chapter 1 - Expanded coverage of Corporate Social Responsibility including the concept of sustainability.
  • Chapter 6 – The discussion of financial statement analysis includes the push for convergence of accounting standards around the world
  • Chapter 9 – Cash and marketable securities management material expanded and updated
  • Chapter 24 - The updated chapter on International Financial Management includes discussion of Islamic Sukuk Bonds.

Table of contents

PART ONE: INTRODUCTION TO FINANCIAL MANAGEMENT

  1. 1. The Role of Financial Management
  2. 2. The Business, Tax and Financial Environments

PART TWO: VALUATION

  1. 3. The Time Value of Money
  2. 4. The Valuation of Long-Term Securities
  3. 5. Risk and Return

PART THREE: TOOLS OF FINANCIAL ANALYSIS AND PLANNING

  1. 6. Financial Statement Analysis
  2. 7. Funds Analysis, Cash-Flow Analysis, and Financial Planning

PART FOUR: WORKING CAPITAL MANAGEMENT

  1. 8. Overview of Working Capital Management
  2. 9. Cash and Marketable Securities Management
  3. 10. Accounts Receivable and Inventory Management
  4. 11. Short-Term Financing

PART FIVE: INVESTMENT IN CAPITAL ASSETS

  1. 12. Capital Budgeting and Estimating Cash Flows
  2. 13. Capital Budgeting Techniques
  3. 14. Risk and Managerial Options in Capital Budgeting

PART SIX: THE COST OF CAPITAL, CAPITAL STRUCTURE, AND DIVIDEND POLICY

  1. 15. Required Returns and the Cost of Capital
  2. 16. Operating and Financial Leverage
  3. 17. Capital Structure Determination
  4. 18. Dividend Policy

PART SEVEN: INTERMEDIATE AND LONG-TERM FINANCING

  1. 19. The Capital Market
  2. 20. Long-Term Debt, Preferred Stock, and Common Stock
  3. 21. Term Loans and Leases

PART EIGHT: SPECIAL AREAS OF FINANCIAL MANAGEMENT

  1. 22. Convertibles, Exchangeables, and Warrants
  2. 23. Mergers and Other Forms of Corporate Restructuring
  3. 24. International Financial Management

Author bios

James C. Van Horne,Professor of Banking and Finance at Stanford University. Also the author of Financial Management and Policy, a Pearson Education text.

John Wachowicz, Jr.,Professor of Finance at The University of Tennessee.

 

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