Items related to Basic Financial Management
This is the new Australian edition of the successful US finance text Basic Financial Management. The Australian author team has thoroughly revised and rewritten this popular text to reflect the Australian financial environment. The material has been class-tested with students to ensure clarity and accuracy. The text is aimed at students taking their first business finance course, so the emphasis has been on the accessibility of the text. A development editor has worked with the authors to improve the pedagogical features and enhance student learning. New features like the learning objectives have been added to the Australian text. An introductory paragraph explicitly states the coverage of each chapter and specific student learning outcomes are listed in point form. A new design makes extensive use of the second colour to highlight special features in the text. This book introduces students to the principles of finance that are relevant to Australia. Unlike most comparable texts at the basic level, the book has been extensively rewritten to embrace the effects of the dividend imputation system. The authors introduce at an early stage a comprehensive chapter on the tax system. This is reinforced through subsequent chapters that build-up the implications of the imputation system for returns to investors, investment decisions, financing decisions and dividend decisions. Contemporary material is used to show the difference between companies that are well integrated with the imputation system and those companies that use the classical tax system. The taxation implications for non-company business entities are also examined in the text. As well as the systematic introduction to the implications of the imputation system throughout the book, all other chapters that require an Australian orientation have been extensively rewritten, with new chapters on long-term financing that emphasize the greater reliance on institutional finance in Australia (Ch 18-20), derivatives and financial risk (Ch 21), small and medium enterprises (Ch 22) and international financial management (Ch 23). While there have been significant changes to the content the authors have ensured that the readability and user-friendly style of the original text have been retained and enhanced by some new features. All concepts are explained fully and clearly in the text and are well supported with illustrative material and examples.
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Synopsis:
The fifth edition of this text has a revised chapter sequence which places valuation earlier in the book. It offers an increased emphasis on the capital market's influence on corporate decisions, has an increased number of basic financial management inserts and incorporates a new section on readings in finance. It also suggests starting points for considering ethical issues related to financial decision-making, contains a new introductory section on capital markets, updates the section on taxes to reflect current tax revisions, compares basic differences in taxes across borders and discusses alternative methods for estimating a project's systematic risk through the use of accounting data as well as the proxy or pure play method. The presentation of capital markets is expanded to include junk bonds, Eurobonds and dual-class recapitalizations. The restructuring of firms is examined and there is a new section on how mergers and acquisitions can enhance business value.
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- PublisherPrentice Hall International Paperback Editions
- Publication date1990
- ISBN 10 0130608238
- ISBN 13 9780130608239
- BindingPaperback
- Edition number5
- Number of pages922
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