Business Finance, 6th Edition
Theory & Practice
By Eddie McLaney
Pearson Education Limited
June 2003
ISBN: 0273673564
525 Pages, Illustrated, 7 1/2" x 9 3/4"
$89.50 paper original
Now in its 6th edition, Business Finance by Eddie McLaney serves as an accessible introduction to financial decision making in businesses. Taking a user's perspective it explores the type of investments a company should make and how they should be financed. This highly successful textbook blends the theoretical, analytical and practical aspects of the subject, providing an up-to-date introduction to finance and investment.
This 6th edition of 'Business Finance' has a more real-world flavour, featuring additional practical examples, new questions, cases, recent research and a comprehensive website. With the successful blend of theory and application, the book explores the theories surrounding financial decision making and relates these theories to what happens in the real world.
Business Finance 6th edition is suitable for undergraduates in accounting and finance and for those on finance and financial management courses. It is also appropriate for postgraduate students with an option in accounting and finance and will be highly useful for professional accounting students.
Features
Solid theoretical underpinning in an easily accessible form. Excellent blend
of theory and practice with offering a comprehensive insight into the decision
making process within finance and investment. Exploration into, and explanation
of any divergence between theory and practice. Review questions at the end
of each chapter to assist student development. Computational problems, graded
from basic to advanced, giving the opportunity for further study.
Contents
PART 1: THE BUSINESS FINANCE ENVIRONMENT. Introduction. A Framework for Financial
Decision Making. Financial Accounting Statements and their Interpretation.
PART 2: INVESTMENT DECISIONS. Investment Appraisal Methods. Practical Aspects
of Investment Appraisal/Value-Based Management Risk in Investment Appraisal.
Portflio Theory and its Relevance to Real Investment Decisions.
PART 3: FINANCING DECISIONS. Sources of Long Term Finance. The Secondary Capital
Market (The Stock Exchange) and its Efficiency. Cost of Capital Estimations
and the Discount Rate. Gearing, the Cost of Capital and Shareholder's Wealth.
The Dividend Decision.
PART 4: INTEGRATED DECISIONS. Managing of Working Capital. Corporate Restructuring
(Including Take-Overs and Divestments). International Aspects. Small Businesses.
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