Modern Financial Managing
Continuity and Change
Published in February 1995
Book
Hardback
800 pages
978-0-673-99268-0 (ISBN)
Description
This text covers all standard managerial finance topics. Both Werner and Stoner have studied how successful firms continually improve finance techniques and processes by looking at the firm's need for and uses of financial information for strategic and operational decision making. By focusing on the global quality revolution and how it has affected all phases of managerial finance, the authors illustrate how business, management and finance interact. They underline maximising owner wealth by exceeding customer expectations as the goal of the 21st century firm in a competitive environment. Examples from industry are cited, as is the development involving industry reviews and substantive end-of-chapter material to help define and explain financial concepts.
More details
Edition
Prelim ed.
Language
English
Place of publication
Harlow
United Kingdom
Publishing group
Pearson Education Limited
Target group
College/higher education
Dimensions
Height: 230 mm
Weight
1817 gr
ISBN-13
978-0-673-99268-0 (9780673992680)
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Schweitzer Classification
Content
Part 1 Introduction: an overview of financial managing; the purpose of the firm; continuity and change in financial managing; data for financial decision making. Part 2 The basics of money: the time value of money; interest rates; exchange rates. Part 3 Risk and return: risk; valuation; the cost of capital. Part 4 Making incremental decisions: capital budgeting; permanent working capital. Part 5 Making process decisions: identifying financial processes; improving financial processes. Part 6 Making optimization decisions: leverage and the debt-equity mix; risk management and temporary working capital; dividend policy. Part 7 Sources of financing: predicting financial needs; financial markets and institutions; short-term debt; intermediate and long-term debt; equity. Part 8 Looking ahead: some important concepts and exciting questions.