An excellent, clear-cut guide to the essential concepts of finance, this text provides students with an alternative to the conventional textbooks they often find difficult. For the business practitioner, it can be an invaluable source of information needed for getting ahead.
Includes these key areas:
- Time value of money—risk/return analysis of investment decisions
- Methods of capital budgeting—techniques to discount returns and deduct costs to compare profitability of various projects
- Theory of the firm: dividend policy, cost of capital, capital structure
- Financial planning and control and working capital management: monitoring of accounts receivable, accounts payable, inventory, cash management
- Trends like mergers, convertible bonds, leasing