Description
Book SynopsisFinance for Executives has shaped MBA and executive learning programs worldwide. With its clear and accessible writing style, the text enables students to easily master complex financial ideas while providing a comprehensive overview of the financial practice they will encounter as executives. Real examples from a range of international companies underpin this practical focus and demonstrate financial management in a modern business environment, always following the credo that executives should manage their firm's resources ethically, and with the objective of increasing their firm's value.
Table of ContentsPart I. Financial Concepts and Techniques 1. Financial Management and Value Creation: An Overview 2. The Time Value of Money 3. Risk and Return Part II. Evaluating Business Performance 4. Interpreting Financial Statements 5. Analyzing Operational Efficiency and Liquidity 6. Analyzing Profitability, Risk, and Growth Part III. Making Investment Decisions 7. Using the NPV Rule to Make Value-Creating Investment Decisions 8. Alternatives to the Net Present Value Rule 9. Identifying and Estimating a Project���s Cash Flows Part IV. Making Financing Decisions 10. Valuing Bonds and Common Stocks 11. Raising Capital and Paying Out Cash 12. Estimating the Cost of Capital 13. Designing a Capital Structure Part V. Making Business Decisions 14. Valuing and Acquiring a Business 15. Managing Corporate Risk 16. Understanding Forward, Futures and Options and their Contribution to Corporate Finance 17. Making International Business Decisions 18. Managing for Value Creation
