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Fundamentals of Financial Management, 13th edition

Published by Pearson (November 4, 2008) © 2009

  • J Van Horne Stanford University
  • John M Wachowicz The University of Tennessee

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A practical introduction to understanding the Financial Management of companies in today’s rapidly changing business world.

Maintaining its dedication to the financial decision-making process and the analysis of value creation, this new 13th edition develops a more international scope and introduces new topics into the debate.

Current discussions on corporate governance, ethical dilemmas, globalization of finance, strategic alliances and the growth of outsourcing have been added with examples and boxed features to aid understanding and provide a more global perspective of financial management

This book is particularly well-suited to introductory courses in financial management, for a professional qualification and as a reference for practitioners. On the reading list for Association of Chartered Certified Accountants (ACCA) Qualification Paper (F9) Financial Management. Suggested reading for Certified Management Accountant (CMA) examination.

  • Covers the 3 key areas of financial management decisions: investment, financing and asset management
  • New! Additional coverage of short term financing and overdrafts, Corporate Social Responsibility and binomial real options.
  • New! Expanded Chapter 9 Cash and Marketable Securities Management
  • New! Coverage of Islamic Finance

For Lecturers

  • New for this edition, Powerpoint slides for each chapter integrating and demonstrating how excel can be used to help solve calculations.
  • Extensive Instructor’s manual including answers to questions, solutions to problems and solutions to self-correction problems.
  • Testbank of additional question material

For students

  • Multiple choice, true/false and essay questions to test your understanding PowerPoint presentations for each chapter to remind you of key concepts 
  • An online glossary to explain key terms and flash cards to test your knowledge of key terms and definitions in each chapter
  • Excel templates for end of chapter problems to help you model a spread sheet approach to solving the problem

  • Chapter 1 - Expanded coverage of Corporate Social Responsibility including the concept of sustainability.
  • Chapter 6 – The discussion of financial statement analysis includes the push for convergence of accounting standards around the world
  • Chapter 9 – Cash and marketable securities management material expanded and updated

  • Chapter 24 - The updated chapter on International Financial Management includes discussion of Islamic Sukuk Bonds.

  • PART ONE: INTRODUCTION TO FINANCIAL MANAGEMENT
  • 1. The Role of Financial Management
  • 2. The Business, Tax and Financial Environments
  • PART TWO: VALUATION
  • 3. The Time Value of Money
  • 4. The Valuation of Long-Term Securities
  • 5. Risk and Return
  • Appendix A: Measuring Portfolio Risk
  • Appendix B: Arbitrage Pricing Theory
  • PART THREE: TOOLS OF FINANCIAL ANALYSIS AND PLANNING
  • 6. Financial Statement Analysis
  • Appendix: Deferred Taxes and Financial Analysis
  • 7. Funds Analysis, Cash-Flow Analysis, and Financial Planning
  • Appendix: Sustainable Growth Modeling
  • PART FOUR: WORKING CAPITAL MANAGEMENT
  • 8. Overview of Working Capital Management
  • 9. Cash and Marketable Securities Management
  • 10. Accounts Receivable and Inventory Management
  • 11. Short-Term Financing
  • PART FIVE: INVESTMENT IN CAPITAL ASSETS
  • 12. Capital Budgeting and Estimating Cash Flows
  • 13. Capital Budgeting Techniques
  • Appendix A: Multiple Internal Rates of Return
  • Appendix B: Replacement Chain Analysis
  • 14. Risk and Managerial Options in Capital Budgeting
  • PART SIX: THE COST OF CAPITAL, CAPITAL STRUCTURE, AND DIVIDEND POLICY
  • 15. Required Returns and the Cost of Capital
  • Appendix A: Adjusting the Beta for Financial Leverage
  • Appendix B: Adjusted Present Value
  • 16. Operating and Financial Leverage
  • 17. Capital Structure Determination
  • 18. Dividend Policy
  • PART SEVEN: INTERMEDIATE AND LONG-TERM FINANCING
  • 19. The Capital Market
  • 20. Long-Term Debt, Preferred Stock, and Common Stock
  • Appendix: Refunding A Bond Issue
  • 21. Term Loans and Leases
  • Appendix: Accounting Treatment of Leases
  • PART EIGHT: SPECIAL AREAS OF FINANCIAL MANAGEMENT
  • 22. Convertibles, Exchangeables, and Warrants
  • Appendix: Option Pricing
  • 23. Mergers and Other Forms of Corporate Restructuring
  • Appendix: Remedies for a Failing Company
  • 24. International Financial Management

James C. Van Horne, Professor of Banking and Finance at Stanford University. Also the author of Financial Management and Policy, a Pearson Education text.
John Wachowicz, Jr., Professor of Finance at The University of Tennessee.

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