Financial Management: Principles and Applications, 9th edition

Published by Pearson (November 2, 2022) © 2023

  • Sheridan Titman University of Texas at Austin
  • Bomikazi Zeka
  • Arthur J. Keown Virginia Polytechnic Instit. and State University
  • John D. Martin Baylor University
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Adapted for the Australian market

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Financial Management reflects the vitality of an ever-expanding discipline, building on the foundations of economics and accounting.

Students are presented with a cohesive, inter-related subject that they can use when approaching future, as yet unknown, problems. Building on the strengths of the previous edition, this edition sees consolidation and refining of content, creating a modern teaching approach.

Considering student's engagement, the resource is arranged around five key principles to enhance focus on the intuition behind the mechanics of solving financial problems. These principles are woven throughout the resource, forming a rationalised, coherent, integrated and intuitive problem-solving approach.

By being digital only, this title offers something unique to the market as it puts digital learning and instructional design at the forefront: by considering learner outcomes and in what way they can best learn that concept with the advantages of digital, there is a balance of text, media and interactivity, whilst maintaining all the rigour to ensure students have the depth and breadth of knowledge. This creates an environment where students can have a more engaging, interactive experience, as well as learn in a way that works best for them.

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  • Part 1 Introduction to Financial Management
  • 1 Getting started - Principles of finance
  • 2 Firms and the financial market
  • 3 Understanding financial statements, taxes and cash flows
  • 4 Financial analysis - Sizing up firm performance
  • Part 2 Valuation of Financial Assets
  • 5 The time value of money - The basics
  • 6 The time value of money - Annuities and other topics
  • 7 Risk and return - An introduction - History of financial market returns
  • 8 Risk and return - Capital market theory
  • 9 Share valuation
  • 10 Debt valuation and interest rates
  • Part 3 Capital Budgeting
  • 11 Investment decision criteria
  • 12 Analysing project cash flows
  • 13 Risk analysis and project evaluation
  • 14 The cost of capital
  • Part 4 Capital Structure and Dividend Policy
  • 15 Analysis and impact of leverage
  • 16 Capital-structure policy
  • 17 Dividend and share buyback policy
  • Part 5 Liquidity Management and Special Topics in Finance
  • 18 Financial forecasting and planning
  • 19 Working capital management
  • 20 Corporate risk management
  • Glossary
  • Organisation Index
  • Subject Index

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