Financial Decision Making: Concepts, Problems and Cases
- 4th ed
- New Delhi PHI 2003
- 550
This updated and revised edition of well-established text provides a step-by-step approach to the principles of finance in the context of electronic spreadsheets, LOTUS 1-2-3, and other software packages wherever appropriate. It gives an expanded coverage of the working capital to reflect the importance of liquidity and short-term sources of financing. It also broadens the coverage of financial securities and long-term fund sources.
KEY FEATURES:
Increased clarity of presentation. Some of the cases have been simplified to
focus the attention of the reader on the essential issues. Many of the explanations of key points have been modified, including the addition of new examples, to assist the reader in complex points.
Spreadsheet formats. Problem-solving approaches have been converted to formats that are suitable for spreadsheet processing. Examples include financial analysis, capital budgeting, and lease-buy decisions.
Expanded working capital coverage. Strong emphasis on managing short-term assets and liabilities. Thoroughly revised approaches to calculating effective costs and rates of return on short-term loans and investments are developed in
a spreadsheet format.
PART ONE THE FOUNDATION
1 Overview of Financial Management 1
2 Financial Securities and Markets 23
3 A Review of Financial Accounting 46
PART TWO THE FIRM AND ITS OPERATIONS
4 Financial Statements 63
5 Financial Analysis 98
6 Profit Planning 133
7 Leverage 157
PART THREE WORKING CAPITAL MANAGEMENT
8 Working Capital and Cash Management 177
9 Management of Receivables and Inventory 208
10 Economics of Working Capital 261
11 Investing Excess Cash 279
PART FOUR INVESTMENT POLICY
12 Capital Budgeting 298
13 Risk and Required Return 339
14 Valuation of the Firm 367
15 Merqers and Acquisitions 391
PART FIVE FINANCING DECISIONS
16 Sources of Short- and Intermediate-Term Financing 426