Foundations of Finance The Logic and Practice of Financial Management

This introduction to finance provides a conceptual understanding of the financial decision-making process -- rather than just an introduction to the tools and techniques of finance -- and focuses on the interrelationships among the topics covered. It explores the " big picture" and "actual practice" -- i.e., financial decision making rooted in current financial theory and in the current state of world economic conditions. Chapter topics include financial markets and interest rates; understanding financial statements and cash flows; evaluating a firm's financial performance; financial forecasting, planning, and budgeting; the time value of money; valuation and characteristics of bonds and stocks; the meaning and measurement of risk and return; the cost of capital; dividend policy and internal financing; working-capital management; liquid asset management; and international business finance. For financial managers and others involved in corporate financial decisions -- and for individuals interested in an education in finance, and the logic that drives it.Keown, Arthur J. is the author of 'Foundations of Finance The Logic and Practice of Financial Management' with ISBN 9780130423313 and ISBN 0130423319.