Financial Management: Principles and Applications, 9th edition
Published by Pearson (November 2, 2022) © 2023
- Sheridan Titman University of Texas at Austin
- Bomikazi Zeka
- Arthur J. Keown Virginia Polytechnic Instit. and State University
- John D. Martin Baylor University
eTextbook
- Easy-to-use search and navigation
- Add notes and highlights
- Quizzes and flashcards help streamline study
- Access online and offline via mobile app
Title overview
Adapted for the Australian market
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Financial Management reflects the vitality of an ever-expanding discipline, building on the foundations of economics and accounting.
Students are presented with a cohesive, inter-related subject that they can use when approaching future, as yet unknown, problems. Building on the strengths of the previous edition, this edition sees consolidation and refining of content, creating a modern teaching approach.
Considering student's engagement, the resource is arranged around five key principles to enhance focus on the intuition behind the mechanics of solving financial problems. These principles are woven throughout the resource, forming a rationalised, coherent, integrated and intuitive problem-solving approach.
By being digital only, this title offers something unique to the market as it puts digital learning and instructional design at the forefront: by considering learner outcomes and in what way they can best learn that concept with the advantages of digital, there is a balance of text, media and interactivity, whilst maintaining all the rigour to ensure students have the depth and breadth of knowledge. This creates an environment where students can have a more engaging, interactive experience, as well as learn in a way that works best for them.
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Key features
- Checkpoints - Provides a consistent 5 step problem solving technique and an analysis of the solution reached for learners to apply in their own problem solving.
- Finance Spotlight - Provides connection of theory into practice for the learner taking into account both local and international examples.
- Tools of financial analysis - By providing calculations or formulas, gives students the tools they need to apply financial calculations or formulas to tasks they need to undertake.
- Mini-case with questions - By providing a mini case with questions at the end of each chapter, these provides students a current real world scenario and the opportunity to develop their critical thinking and analysis skills.
New to this edition
- Mind Map - By presenting a visual overview, this helps provides connections for students between concepts in a different way
- Interactivity - MCQs - Scaffolds and consolidates students' learning as they can recap on content and be provided with automatic feedback as they work through the material
- Financial calculator - Financial Calculator videos gives you insights to a fully functional financial calculator, allowing you to see the solution of Time Value of Money, Cash Flow, and Amortisation problems. The calculator's unique timeline and table features help you visualise problems and values.
- Videos - Provides learners with real-world media insights as well as key videos to learn concepts to support learners of different styles. Provides an alternative way to understand key concepts and connections to the real world.
- Chapter 9 and 10 have switched order - Provides a more logical progression through the title
Key features
What is Pearson eTextbook?
- A lightweight, lower cost, digital replacement for a print textbook
- A digital reading experience that takes advantage of digital capabilities to better deliver content to learners
- Accessible on any device via browser and Pearson+ mobile app
Why choose Pearson eTextbook?
- Students can study in a flash with instant, ready-made Pearson flashcards or easily create their own
- Enhanced search with a minimum of three characters allows students to search media, images, key terms and their own notes
- Pearson eTextbook embed videos and other interactives directly in the text to bring concepts to life
- When using the Pearson+ app students also have free access to thousands of related concept videos and practice problems in the Channels section of the app.
- Pearson eTextbook features clear and engaging content from experienced authors. Each eTextbook is designed to help students reach their potential with a mix of learning features including problem-solving exercises, reflection questions and real-world examples.
- Pearson eTextbook, optimised for mobile, seamlessly integrates videos and other rich media with the text and gives students access to their textbook anytime, anywhere.
What is Pearson eTextbook?
- A lightweight, lower cost, digital replacement for a print textbook
- A digital reading experience that takes advantage of digital capabilities to better deliver content to learners
- Accessible on any device via browser and Pearson+ mobile app
Why choose Pearson eTextbook?
- Students can study in a flash with instant, ready-made Pearson flashcards or easily create their own
- Enhanced search with a minimum of three characters allows students to search media, images, key terms and their own notes
- Pearson eTextbook embed videos and other interactives directly in the text to bring concepts to life
- Pearson eTextbook features clear and engaging content from experienced authors. Each eTextbook is designed to help students reach their potential with a mix of learning features including problem-solving exercises, reflection questions and real-world examples.
- Pearson eTextbook, optimised for mobile, seamlessly integrates videos and other rich media with the text and gives students access to their textbook anytime, anywhere.
Table of contents
- Part 1 Introduction to Financial Management
- 1 Getting started - Principles of finance
- 2 Firms and the financial market
- 3 Understanding financial statements, taxes and cash flows
- 4 Financial analysis - Sizing up firm performance
- Part 2 Valuation of Financial Assets
- 5 The time value of money - The basics
- 6 The time value of money - Annuities and other topics
- 7 Risk and return - An introduction - History of financial market returns
- 8 Risk and return - Capital market theory
- 9 Share valuation
- 10 Debt valuation and interest rates
- Part 3 Capital Budgeting
- 11 Investment decision criteria
- 12 Analysing project cash flows
- 13 Risk analysis and project evaluation
- 14 The cost of capital
- Part 4 Capital Structure and Dividend Policy
- 15 Analysis and impact of leverage
- 16 Capital-structure policy
- 17 Dividend and share buyback policy
- Part 5 Liquidity Management and Special Topics in Finance
- 18 Financial forecasting and planning
- 19 Working capital management
- 20 Corporate risk management
- Glossary
- Organisation Index
- Subject Index
Author bios
Bomakazi Zeka is an Assistant Professor in Finance and Financial Planning at the University of Canberra, with over 12 years experience in higher education. She completed her PhD in retirement planning in 2017 from the Nelson Mandela University and her core body of work focuses on retirement planning research, particularly for women, people of colour, and people experiencing socio-economic vulnerabilities. She is an active researcher that has published in international peer-reviewed journals and frequently reviews journal articles. As an experienced lecturer, her teaching responsibilities have been in the following areas: Business Finance, Investments and Portfolio Analysis, Personal Financial Planning, Purchasing and Logistics Management and Retirement Planning. She has won several teaching awards including the Emerging Excellent Faculty Teacher Award in 2015 and the Dean's Award for Excellence in Teaching and Learning in 2018. Since 2019, she has been responsible for the BCom Financial Planning at the University of Canberra and currently serves as a member of the Financial Planning Education Council of Australia.
Arthur J. Keown is the Department Head and R. B. Pamplin Professor of Finance at Virginia Polytechnic Institute and State University. He received his bachelor's degree from Ohio Wesleyan University, his M.B.A. from the University of Michigan, and his doctorate from Indiana University. An award-winning teacher, he is a member of the Academy of Teaching Excellence; has received five Certificates of Teaching Excellence at Virginia Tech, the W. E. Wine Award for Teaching Excellence, and the Alumni Teaching Excellence Award; and in 1999 received the Outstanding Faculty Award from the State of Virginia. Professor Keown is widely published in academic journals. His work has appeared in the Journal of Finance, the Journal of Financial Economics, the Journal of Financial and Quantitative Analysis, the Journal of Financial Research, the Journal of Banking and Finance, the Journal of Portfolio Management, and many others. Professor Keown is a Fellow of the Decision Sciences Institute, was a member of the Board of Directors of the Financial Management Association, and is the head of the finance department at Virginia Tech. In addition, he served as the co-editor of the Journal of Financial Research and as the co-editor of the Financial Management Association's Survey and Synthesis.
John D. Martin holds the Carr P. Collins Chair in Finance in the Hankamer School of Business at Baylor University, where he teaches in the Baylor EMBA programs and has three times been selected as the outstanding teacher. John joined the Baylor faculty in 1998 after spending 17 years on the faculty of the University of Texas at Austin. Over his career he has published over 50 articles in the leading finance journals, including papers in the Journal of Finance, Journal of Financial Economics, Journal of Financial and Quantitative Analysis, Journal of Monetary Economics, and Management Science. His recent research has spanned issues related to the economics of unconventional energy sources, the hidden cost of venture capital, and the valuation of firms filing Chapter 11.
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