"Essentials of Managerial Finance" is the classic that started the First in Finance franchise. Now in its Thirteenth Edition, this best-selling text is renowned for its excellent blend of theoretical and applied material, comprehensive support package, and applicable real-world examples. In addition to its continued coverage of such hot topics as multinational finance, ethical dilemma discussions are incorporated throughout the text. Formerly known as Weston/Besley/Brigham, Scott Besley is now the primary author.
PART I. INTRODUCTION TO MANAGERIAL FINANCE. 1. An Overview of Managerial Finance. 2. The Financial Environment: Markets, Institutions, Interest Rates, and Taxes. PART II. ESSENTIAL CONCEPTS IN MANAGERIAL FINANCE. 3. The Time Value of Money. 4. Risk and Rates of Return. 5. Valuation. PART III. CAPITAL BUDGETING. 6. Capital Budgeting Techniques. 7. Project Cash Flows and Risk. PART IV. COST OF CAPITAL, LEVERAGE, AND DIVIDEND POLICY. 8. The Cost of Capital. 9. Capital Structure. 10. Dividend Policy. PART V. FORECASTING, PLANNING, AND CONTROL. 11. Analysis of Financial Statements. 12. Financial Planning and Control. PART VI. WORKING CAPITAL MANAGEMENT. 13. Working Capital Policy. 14. Managing Short-Term Assets. 15. Managing Short-Term Liabilities (Financing). PART VII. STRATEGIC LONG-TERM FINANCING DECISIONS. 16. Common Stock and the Investment Banking Process. 17. Long-Term Debt. 18. Alternative Financing Arrangements and Corporate Restructuring.