by Harold Bierman (Cornell University, USA)

This book introduces corporate financial management, based on the basic capital budgeting framework and the time value of money. It focuses on theoretical formulations and correct application of financial techniques that will help improve managerial and financial decisions. Based on fundamental principles of accounting and finance like time value of money and after-tax cash flows, it introduces readers to real-world constraints and complexities in the two fields.

Written in a simple and accessible manner, this book can be read by students of finance and accounting courses, business professionals and general public alike.

The Solutions manual is available upon request for all instructors who adopt this book as a course text. Please send your request to sales@wspc.com.

• Finance, Accounting and Corporate Objectives
• The Time Value of Money
• An Introduction to Financial Reporting
• Capital Budgeting
• The Income Statement
• Comparing the Use of Cash Flows and Incomes
• Depreciation Expense
• Long-Term Liabilities
• Stock Equity
• Distriibutions to Shareholders
• Capital Structure and Risk: Weighted Average Cost of Capital (WACC)
• Buy versus Lease
• Preferred Stock
• Managerial Performance
• Mergers and Acquisition: Consolidations
• Convertible Bonds
• Inventories
• Cash Flow Statements