Designed for those who want to gain an understanding of the fundamental concepts and techniques used in financial management. An underlying premise of the book is that the objective of the firm is to maximize value or wealth. Drawing on a wealth of experience in the academic and professional worlds, the authors discuss how firms can accomplish this objective by making appropriate investment and financing decisions. Bridging the gap between financial theory and practice, the authors present fundamental concepts in an intuitive and nontechnical way, and provide numerous practical financial tips to readers. The focus is on current practice, using results from recent surveys to show the most popular techniques and approaches used by financial managers today. A range of instructor’s resources are available at the accompanying website. Visit www.blackwellpublishing.com/baker for full details.
This third edition has been fully revised and expanded with detailed examples from 100 leading businesses around the world.
Whether you need to hone your financial skills or just want a better understanding of the numerous tools and applications of financial management and analysis, this Workbook will help you get on track.
Understanding Finance contains relevant information on how to: understand what the three basic financial statements and ratio analysis tell about a company's financial health; develop and track a budget; and assess an investment opportunity ...
Understanding Financial Management and Securities Markets Introduction to Business This book focuses on the financial management of a firm and the securities markets in which firms raise funds.
This book examines: Management accounting Financial accounting Financial control and information systems
As described above this is the approval of the budget by senior management . In arriving at the approval stage , there will inevitably be some reworking of the initial budget in order to set higher revenue ... Poor cash flow forecasting ...
Online supporting resources for this book online template spreadsheets for planning, budgeting and variance analysis.
Understanding Financial Management
The Arbitrage Pricing Model An alternative to CAPM in relating risk and return is the arbitrage pricing model, which was developed by Stephen Ross. The arbitrage pricing model (APM) is an asset pricing model that is based on the idea ...
The book provides detailed explanations in the context of core themes such as customer satisfaction, ethics, entrepreneurship, global business, and managing change.