000 06173nam a22002417a 4500
003 OSt
005 20250325133618.0
008 250325b |||||||| |||| 00| 0 eng d
020 _a9789815077780
040 _cFoundation University
050 _a(CBA) HG4026
_b2023 B858
100 _aBringham, Eugene F.
_dauthor
_910349
245 _aEssentials of financial management
_cEugene F. Bringham, Joel F. Houston, Jun-ming Hsu, Yoon Kee Kong and A.N. Bany-Ariffin
250 _a3rd edition
260 _aNew York :
_b3G E-Learning ;
_c2023
300 _axxiii, 749 pages :
_bcolor illustrations ;
_c270 cm
504 _aIncludes bibliographical references and appendices.
520 _aStructure of the Book Our target audience is a student taking his or her first, and perhaps only,finance course.Some of these students will decide to major in finance and go on to take courses in invest-ments,money and capital markets,and advanced corporate finance. Others will choosemarketing,management, or some other nonfinance business major. Still others will majorin areas other than business and take finance plus a few other business courses to gaininformation that will help them in law, real estate, or other fields. Our challenge has been to provide a book that serves all of these audiences well.We focus on the core principles of finance,including the basic topics of time value ofmoney,risk analysis, and valuation. In each case, we address these topics from twopoints of view: (1) that of an investor who is seeking to make intelligent investmentchoices and (2) that of a business manager trying to maximize the value of his or herfirm's stock. Both investors and managers need to understand the same set of principles,so the core topics are important to students regardless of what they choose to do afterthey finish the course. In planning the book's structure, we first listed the core topics in finance that areimportant to virtually everyone.Included were an overview of financial markets, methodsused to estimate the cash flows that determine asset values, the time value of money,thedeterminants of interest rates,the basics of risk analysis, and the basics of bond and stockvaluation procedures.We cover these core topics in the first nine chapters.Next,becausemost students in the course will probably work for a business firm, we want to show themhow thecore ideas are implemented in practice.Therefore,we go on to discuss cost ofcapital,capital budgeting, capital structure,dividend policy, working capital management,financial forecasting, international operations, risk management, hybrids, and mergers andacquisitions. Non-finance majors sometimes wonder why they need to learn finance.As we havestructured the book, it quickly becomes obvious to everyone why they need to understandtime value,risk,markets,and valuation. Virtually all students enrolled in the basic courseexpect at some point to have money to invest,and they quickly realize that the knowl-edge gained from Chapters 1 through 9 will help them make better investment decisions.Moreover,students who plan to go into the business world soon realize that their ownsuccess requires that their firms be successful,and the topics covered in Chapters 11through 21 will be helpful here.For example, good capital budgeting decisions require
521 _aStructure of the Book Our target audience is a student taking his or her first, and perhaps only,finance course.Some of these students will decide to major in finance and go on to take courses in invest-ments,money and capital markets,and advanced corporate finance. Others will choosemarketing,management, or some other nonfinance business major. Still others will majorin areas other than business and take finance plus a few other business courses to gaininformation that will help them in law, real estate, or other fields. Our challenge has been to provide a book that serves all of these audiences well.We focus on the core principles of finance,including the basic topics of time value ofmoney,risk analysis, and valuation. In each case, we address these topics from twopoints of view: (1) that of an investor who is seeking to make intelligent investmentchoices and (2) that of a business manager trying to maximize the value of his or herfirm's stock. Both investors and managers need to understand the same set of principles,so the core topics are important to students regardless of what they choose to do afterthey finish the course. In planning the book's structure, we first listed the core topics in finance that areimportant to virtually everyone.Included were an overview of financial markets, methodsused to estimate the cash flows that determine asset values, the time value of money,thedeterminants of interest rates,the basics of risk analysis, and the basics of bond and stockvaluation procedures.We cover these core topics in the first nine chapters.Next,becausemost students in the course will probably work for a business firm, we want to show themhow thecore ideas are implemented in practice.Therefore,we go on to discuss cost ofcapital,capital budgeting, capital structure,dividend policy, working capital management,financial forecasting, international operations, risk management, hybrids, and mergers andacquisitions. Non-finance majors sometimes wonder why they need to learn finance.As we havestructured the book, it quickly becomes obvious to everyone why they need to understandtime value,risk,markets,and valuation. Virtually all students enrolled in the basic courseexpect at some point to have money to invest,and they quickly realize that the knowl-edge gained from Chapters 1 through 9 will help them make better investment decisions.Moreover,students who plan to go into the business world soon realize that their ownsuccess requires that their firms be successful,and the topics covered in Chapters 11through 21 will be helpful here.For example, good capital budgeting decisions require
650 _aFinancial management
_93546
658 _aBusiness Administration, College of.
_bSales marketing and PR in service industry.
942 _2lcc
_cBK
_hHG4026
_i2023 B858
_k(CBA)
_n0
999 _c4347
_d4347