Essentials of Managerial Finance and Governance as Leadership

Essentials of Managerial Finance (with Thomson ONE - Business School Editio

Author: Scott Besley

Trust the book that has already helped hundreds of thousands of students like you understand the importance of managerial finance theory and the practical impact these principles have on business today. This leading ESSENTIALS OF MANAGERIAL FINANCE, 14e offers a well-written, understandable, complete introduction that equips you with the basic financial management tools you need for business success. This edition's 18 chapters cover all the topics you need, including accounting statements, security markets, interest rates, taxes, risk analysis, time value of money, and the basics of security valuation. As practical as it is thorough, this edition's clear, concise, proven presentation style blends theory with a practical application of what you've learned. Actual industry examples show how financial principles operate within businesses throughout the world. This edition highlights topics of growing importance in business today, such as multinational finance and resolvi ng ethical dilemma. An emphasis on Excel and the use of financial calculators prepares you to effectively use these important financial tools. Chapter openers, self-tests throughout each chapter, and useful chapter summaries ensure you understand and can connect financial management to today's business world. Thomson ONE: Business School Edition, packaged free with each new text, gives you access to the same research tools that finance professionals use everyday. You can further maximize your study time and efficiently complete assignments with this edition's innovative new ThomsonNOW' online learning system that helps you focus on the areas of managerial finance you still need to master with multimedia tools andtutorials that prepare you for success.

Booknews

Topical coverage designed for the first financial management course. Introductory chapters discuss the basic concepts, including accounting statements, security markets, interest rates, taxes, risk analysis, time value of money, and the basics of security valuation. Subsequent chapters explain how financial managers can help maximize their firms' values by improving decisions in such areas as working capital management, capital budgeting, and choice of capital structure. Annotation c. by Book News, Inc., Portland, Or.

Table of Contents:

Pt. I	Introduction to Managerial Finance	1
Ch. 1	An Overview of Managerial Finance	3
Ch. 2	Analysis of Financial Statements	31
	Appendix 2A Statement of Cash Flows	81
Ch. 3	The Financial Environment: Markets, Institutions, Interest Rates, and Taxes	85
Pt. II	Essential Concepts in Managerial Finance	139
Ch. 4	Risk and Rates of Return	141
	Appendix 4A Calculating Bet a Coefficients	182
Ch. 5	Time Value of Money	187
	Appendix 5A Continuous Compounding and Discounting	232
Ch. 6	Bond and Stock Valuation	235
Pt. III	Financial Forecasting, Planning, and Control	287
Ch. 7	Financial Forecasting	289
Ch. 8	Financial Planning and Control	323
Pt. IV	Working Capital Management	355
Ch. 9	Working Capital Policy	357
Ch. 10	Cash and Marketable Securities	381
Ch. 11	Credit Management	409
Ch. 12	Inventory Management	431
Ch. 13	Short-Term Financing	455
Pt. V	Strategic Long-Term Investment Decisions: Capital Budgeting	493
Ch. 14	Capital Budgeting Techniques	495
Ch. 15	Project Cash Flows and Risk	531
	Appendix 15A Depreciation	576
Pt. VI	The Cost of Capital, Leverage, and Dividend Policy	581
Ch. 16	The Cost of Capital	583
Ch. 17	Capital Structure and Leverage	621
Ch. 18	Dividend Policy	665
Pt. VII	Strategic Long-Term Financing Decisions	703
Ch. 19	Common Stock and the Investment Banking Process	705
Ch. 20	Long-Term Debt	739
	Appendix 20A Bankruptcy and Reorganization	773
	Appendix 20B Refunding Operations	780
Ch. 21	Hybrid Financing: Preferred Stock, Leasing and Option Securities	787
Ch. 22	Mergers, Divestitures, Holding Companies, and LBOs	829
Ch. 23	Multinational Managerial Finance	861
	Appendix A Mathematical Tables	A-1
	Appendix B Solutions to Self-Test Problems	B-1
	Appendix C Answers to End-of-Chapter Problems	C-1
	Appendix D Selected Equations and Data	D-1

Look this: A Guide to Econometrics and Ethics the Heart of Leadership

Governance as Leadership: Reframing the Work of Nonprofit Boards

Author: Barbara E Taylor

A new framework for helping nonprofit organizations maximize the effectiveness of their boards.


Written by noted consultants and researchers attuned to the needs of practitioners, Governance as Leadership redefines nonprofit governance. It provides a powerful framework for a new covenant between trustees and executives: more macrogovernance in exchange for less micromanagement.


Informed by theories that have transformed the practice of organizational leadership, this book sheds new light on the traditional fiduciary and strategic work of the board and introduces a critical third dimension of effective trusteeship: generative governance. It serves boards as both a resource of fresh approaches to familiar territory and a lucid guide to important new territory, and provides a road map that leads nonprofit trustees and executives to governance as leadership.


Governance as Leadership was developed in collaboration with BoardSource, the premier resource for practical information, tools and best practices, training, and leadership development for board members of nonprofit organizations. Through its highly acclaimed programs and services, BoardSource enables organizations to fulfill their missions by helping build effective nonprofit boards and offering credible support in solving tough problems. For the latest in nonprofit governance, visit boardsource.org, or call us at 1-800-883-6262.

Table of Contents:

	About boardsource
Ch. 1	First principles	1
Ch. 2	Problem boards or board problems?	11
Ch. 3	Type I governing : fiduciary	33
Ch. 4	Type II governing : strategic	51
Ch. 5	Type III : generative thinking	79
Ch. 6	Type III : generative governing	101
Ch. 7	Working capital that makes governance work	137
Ch. 8	Where to next?	163