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Thoroughly updated to reflect the latest trends, developments, and practices from the field, FUNDAMENTALS OF FINANCIAL MANAGEMENT, 14e equips you with a focused understanding of today's corporate finance and financial management. This market-leading text offers a unique balance of clear concepts, contemporary theory, and practical applications in order to help you understand the concepts and reasons behind corporate budgeting, financing, working capital decision making, forecasting, valuation, and Time Value of Money (TVM). Offering the most cutting-edge coverage available, the Fourteenth Edition includes discussions of the federal debt, the ongoing recovery of financial markets, and the European debt crisis. Numerous practical examples, Quick Questions, Blueprint Problems, problem-solving tutorials, and Integrated Cases help you put theory into action. In addition, Excel Spreadsheet Models help you master this critical software tool. Whether you'll be furthering your studies in Finance or pursuing another path, this text and its learning resources will help ensure you understand both the what and the why.
The eighth edition of this successful text provides a comprehensive and contemporary introduction to financial management, focusing on shareholder wealth maximization and cash flow management, the international aspects of financial management, the ethical behavior of managers, and the increased impact of the Internet in business practice. In addition, content has been added or enhanced to reflect the changing focus on finance areas including topics such as discounted payback period, dividend practices of foreign firms, risk management, and real options.