Instruction Manual for Principles of Managerial Finance Brief 8th Edition by Chad Zutter, Scott Smart – Ebook PDF Instant Download/Delivery: 0134477073, 9780134477077
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ISBN 10: 0134477073
ISBN 13: 9780134477077
Author: Chad Zutter, Scott Smart
This is the eBook of the printed book and may not include any media, website access codes, or print supplements that may come packaged with the bound book. For introductory courses in managerial finance. Help students apply financial concepts to solve real world problems with a proven teaching and learning framework The Teaching and Learning System — a hallmark feature of Principles of Managerial Finance, Brief — weaves pedagogy into concepts and practice, giving students a roadmap to follow through the text and supplementary tools. The 8th Edition concentrates on the material students need to know in order to make effective financial decisions in an increasingly competitive business environment. It allows students to make the connections between a firm’s action and its value, as determined in the financial market. With a generous amount of examples, this text is an easily accessible resource for in- and out-of-class learning. Also available with MyLab Finance MyLab™ is the teaching and learning platform that empowers you to reach every student. By combining trusted author content with digital tools and a flexible platform, MyLab personalizes the learning experience and improves results for each student. Note: You are purchasing a standalone product; MyLab Finance does not come packaged with this content. Students, if interested in purchasing this title with MyLab Finance, ask your instructor to confirm the correct package ISBN and Course ID. Instructors, contact your Pearson representative for more information. If you would like to purchase both the physical text and MyLab Finance, search for: 0134830148 / 9780134830148 Principles of Managerial Finance, Brief Plus MyFinanceLab with Pearson eText — Access Card Package, 8/e Package consists of: 0134476301 / 9780134476308 Principles of Managerial Finance, Brief 0134479904 / 9780134479903 MyLab Finance with Pearson eText — Access Card — for Principles of Managerial Finance, Brief, 8/e
Principles of Managerial Finance Brief 8th Table of contents:
Part One: Introduction to Managerial Finance (Chapters 1-2)
- Chapter 1: The Role of Managerial Finance:
- Defines finance and the firm.
- Discusses the goal of the firm (maximizing shareholder wealth), business ethics, and the managerial finance function.
- Covers key financial decisions, principles guiding those decisions, and the organization of the finance function.
- Explores legal forms of business organization, taxation, and the principal-agent relationship.
- Emphasizes developing critical thinking, communication, collaboration, and financial computing skills.
- Chapter 2: The Financial Market Environment:
- Focuses on financial institutions (commercial banks, investment banks, and the shadow banking system) and financial markets (money market, capital market).
- Discusses key securities traded (bonds and stocks), broker and dealer markets, and international capital markets.
- Covers the role of capital markets, the efficient-market hypothesis, and the regulation of financial markets and institutions.
- Explains the securities issuing process (private equity, going public) and the role of investment banks.
- Addresses financial markets in crisis, particularly the financial crisis of 2008.
Part Two: Financial Tools (Chapters 3-5)
- Chapter 3: Financial Statements and Ratio Analysis:
- Covers the stockholders’ report and the four key financial statements (income statement, balance sheet, statement of retained earnings, and statement of cash flows).
- Explains how to use financial ratios for cross-sectional, time-series, and combined analysis.
- Discusses liquidity ratios, activity ratios, debt ratios, profitability ratios, and market ratios.
- Presents a complete ratio analysis, including the DuPont system of analysis.
- Chapter 4: Long- and Short-Term Financial Planning:
- Focuses on the financial planning process, including long-term (strategic) and short-term (operating) financial plans.
- Covers measuring the firm’s cash flow, including depreciation, the statement of cash flows, operating cash flow, and free cash flow.
- Explains cash planning through cash budgets, including sales forecasts, cash receipts, cash disbursements, and coping with uncertainty.
- Covers profit planning through pro forma statements, including the pro forma income statement and balance sheet.
- Chapter 5: Time Value of Money:
- Explains the role of time value in finance, including future value versus present value.
- Covers single amounts (future value and present value), annuities (ordinary, due, and perpetuities), and mixed streams.
- Discusses compounding interest more frequently than annually, continuous compounding, and nominal and effective annual rates of interest.
- Covers special applications of time value, such as determining deposits needed to accumulate a future sum, loan amortization, finding interest or growth rates, and finding an unknown number of periods.
Part Three: Valuation of Securities (Chapters 6-7)
- Chapter 6: Interest Rates and Bond Valuation:
- Covers interest rates and required returns, including interest rate fundamentals, nominal and real interest rates, the term structure of interest rates, and risk premiums.
- Discusses government and corporate bonds, including legal aspects, bond yields, bond prices, bond ratings, and types of bonds.
- Explains valuation fundamentals, including key inputs, and the basic valuation model.
- Focuses on bond valuation, including semiannual interest rates, changes in bond values, required returns, time to maturity, and yield to maturity.
- Chapter 7: Stock Valuation:
- Explores the differences between debt and equity.
- Covers common and preferred stock, including ownership, voting rights, dividends, and other features.
- Discusses common stock valuation, including market efficiency, the behavioral finance challenge, dividend valuation models (zero-growth, constant-growth, and variable-growth), the free cash flow stock valuation model, and other approaches (book value, liquidation value, and price/earnings multiples).
- Explains decision making and common stock value, including changes in expected dividends, changes in risk, and the combined effect.
Part Four: Risk and the Required Rate of Return (Chapters 8-9)
- Chapter 8: Risk and Return:
- Covers risk and return fundamentals
Part Five: Long-Term Investment Decisions (Chapters 10-11)
- Chapter 10: Capital Budgeting Techniques:
- Provides an overview of capital budgeting, including motives for capital expenditure, steps in the process, and basic terminology.
- Covers capital budgeting techniques, such as the payback period, net present value (NPV), and internal rate of return (IRR).
- Compares NPV and IRR techniques, discussing conflicting rankings and reinvestment assumptions.
- Chapter 11: Capital Budgeting Cash Flows and Risk Refinements:
- Focuses on project cash flows, including major cash flow types, replacement versus expansion decisions, and sunk and opportunity costs.
- Explains how to find the initial investment, operating cash flows, and terminal cash flow.
- Discusses risk in capital budgeting, including behavioral approaches (breakeven analysis, scenario analysis, simulation) and risk-adjusted discount rates (RADRs).
- Covers capital budgeting refinements, such as comparing projects with unequal lives, recognizing real options, and capital rationing.
Part Six: Long-Term Financial Decisions (Chapters 12-13)
- Chapter 12: Leverage and Capital Structure:
- Explains leverage, including breakeven analysis, operating leverage, financial leverage, and total leverage.
- Covers the firm’s capital structure, including types of capital, capital structure theory, and the optimal capital structure.
- Discusses the EBIT-EPS approach to capital structure and choosing the optimal capital structure.
- Chapter 13: Payout Policy:
- Covers the basics of payout policy, including elements of payout policy and trends in earnings and dividends.
- Explains the mechanics of payout policy, including cash dividend payment procedures, share repurchase procedures, and tax treatment.
- Discusses the relevance of payout policy, including the residual theory of dividends and the dividend irrelevance theory.
- Covers factors affecting dividend policy and types of dividend policies (constant-payout-ratio, regular, low-regular-and-extra).
- Discusses other forms of dividends such as stock dividends, and stock splits.
Part Seven: Short-Term Financial Decisions (Chapters 14-15)
- Chapter 14: Working Capital and Current Assets Management:
- Covers net working capital fundamentals, including working capital management and the tradeoff between profitability and risk.
- Explains the cash conversion cycle, inventory management, and accounts receivable management.
- Discusses the management of receipts and disbursements, including float, cash concentration, and investing in marketable securities.
- Chapter 15: Current Liabilities Management:
- Focuses on spontaneous liabilities, including accounts payable management and accruals.
- Covers unsecured sources of short-term loans, such as bank loans and commercial paper.
- Discusses secured sources of short-term loans, including the use of accounts receivable and inventory as collateral.
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Chad Zutter,Scott Smart,Managerial Finance