Higher Education

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Financial Management (Print on Demand)

Author(s): William R. Lasher

ISBN: 9789353502218

8th Edition

Copyright: 2017

₹2200

Binding: Paperback

Pages: 880

Trim Size : 254 x 203 mm

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Enlist the help of a former CFO to introduce your students to the exciting world of financial management with the eighth edition of FINANCIAL MANAGEMENT. Author, former CFO, and recognized authority William R. Lasher captivates students with unique insights into the issues and challenges facing financial managers every day. Lasher’s real world experience lets him include issues that others miss, such as the biases and hidden agendas decision makers often bring to the analysis of projects and proposals. Lasher’s practical, relevant and eminently accessible presentation has proven to keep students reading. This edition examines the latest financial developments, such as the influence of activist investors and our ever changing financial markets. Throughout the text, Lasher delivers an engaging, thorough presentation that’s perfectly matched to the needs of today’s business students. His treatment of math is particularly noteworthy. He explains equations with words first, and then presents solutions slowly, step by step, so even those with weak quantitative skills can follow easily. That presentation is backed up with numerous fully explained numerical examples. Lasher’s FINANCIAL MANAGEMENT, Eighth Edition, delivers the solid understanding of business finance that your students need for future success.

  • End-of-chapter problems include cross-references to in-chapter examples to help students review and clarify concepts.
  • Step-by-step completed examples guide students through processes to reinforce independent learning.
  • “From the CFO” features offer real-world insights from the author’s experience as a Chief Financial Officer.
  • The textbook includes updated content to reflect current trends and developments in finance.
  • Coverage of the EVA/MVA approach has been expanded to include modern market practices like Dark Pools and High-Frequency Trading.
  • Chapter 6 includes 15 beginner-friendly problems to help students get started with time value concepts.
  • Capital budgeting and optimal capital structure topics are covered in greater depth.
  • The book emphasizes broader shareholder payment methods, including dividends and distributions.
  • A new section on activist investors has been added to the chapter on corporate restructuring.

 

1. Foundations.

2. Financial Background: A Review of Accounting, Financial Statements, and Taxes.

3. Cash Flows and Financial Analysis.

4. Financial Planning.

5. The Financial System, Corporate Governance, and Interest.

Part II: DISCOUNTED CASH FLOW AND THE VALUE OF SECURITIES.

6. Time Value of Money.

7. The Valuation and Characteristics of Bonds and Leasing.

8. The Valuation and Characteristics of Stock.

9. Risk and Return.

Part III: BUSINESS INVESTMENT DECISIONS--CAPITAL BUDGETING.

10. Capital Budgeting.

11. Cash Flow Estimation.

12. Risk Topics and Real Options in Capital Budgeting.

13. Cost of Capital.

Part IV: LONG-TERM FINANCING ISSUES.

14. Capital Structure and Leverage.

15. Dividends and Repurchases.

Part V: OPERATIONS ISSUES--WORKING CAPITAL MANAGEMENT AND PLANNING.

16. The Management of Working Capital.

17. Corporate Restructuring.

18. International Finance.

William R. Lasher, Nichols College

Dr. Lasher has a unique background in education and financial practice that enables him to offer unique, firsthand insights into the world of financial management in his text.