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Fundamentals of Financial Management: Concise, 11th Edition
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Overview
Equip students with an understanding of corporate finance and financial management using the contemporary approach and powerful examples in Brigham/Houston's FUNDAMENTALS OF FINANCIAL MANAGEMENT: CONCISE, 11E. This market leader addresses the latest developments in finance today, from significant change in corporate tax code to the multiple effects and economic impact of the coronavirus pandemic. The authors use innovative learning tools to balance contemporary theory with practical applications and help students understand the social responsibility of businesses, corporate budgeting, financing, working capital decision-making, forecasting, valuation and Time Value of Money. The authors also provide authoritative insights into changing technology and globalization, the evolution of financial markets and ongoing shifts in the today's political and economic environments. In addition, updated MindTap digital resources offer new learning modules, algorithmic testing and an optimized learning path.
- NEW "LEARN IT" MODULES HELP STUDENTS MASTER FUNDAMENTAL TOPICS. These multi-stage, fully algorithmic learning modules in MindTap, provide step-by-step practice. Mini-modules separate instructional narrative into small chunks of information with accompanying videos and practice exercises that offer immediate feedback. Students answer a series of questions at each step to ensure conceptual understanding. These modules can be used with reading assignments or serve as pre-class activities to reinforce foundational knowledge before completing more complex homework or application-oriented problems.
- NEW ALGORITHMIC TESTING IN MINDTAP OFFERS MORE THAN 600 TEST BANK QUESTIONS. A wealth of questions provides flexibility and variety in testing with reliable support for online exams or important assignments. Each question provides a complete solution that shows full, step-by-step calculations. In addition, eBook links now appear in "Hints" within end-of-chapter problems so questions can easily be added to exams without the links, if desired.
- UPDATED MINDTAP LEARNING PATH IS NOW OPTIMIZED AND STREAMLINED. New "Learn It," "Study It" and "Apply It" sections lead students to group learning activities, video and other interactive assignments and study materials. This reorganization better reflects the intended progression of learning for each chapter unit and ensures consistency with MindTap resources used in other courses the student may be taking. Many activities and homework descriptions now display an estimated completion time to make it easier for you to select assignments.
- AUTO-GRADED EXCEL® PROBLEMS IN MINDTAP OFFER VALUABLE HANDS-ON PRACTICE. Selected end-of-chapter problems are now converted to an Excel Online worksheet, giving students hands-on practice working with problems that use Excel formulas and functions. This enhances student knowledge of Excel while demonstrating Excel's importance as a tool in financial management today. In addition, new Comprehensive Excel Case problems encourage deeper analysis, often using "what-if" scenarios to help strengthen your students' decision-making and analytical skills.
- REVISED TABLE OF CONTENTS OFFERS EXPANDED COVERAGE. The authors have expanded this edition's presentation of capital budgeting from two chapters to three chapters. The new chapter (Ch. 13) most notably includes a broader discussion of real options. With these changes, this version corresponds with the first 18 chapters of the more comprehensive FUNDAMENTALS OF FINANCIAL MANAGEMENT, 16E.
- UPDATES ENSURE THE LATEST TAX COVERAGE. The authors have carefully updated the tax discussions in Chapter 3 as well as treatment of taxes throughout this edition. Updates include the latest information throughout the chapters on cost of capital, capital budgeting and capital structure. In addition, all end-of-chapter problems incorporates the latest information.
- NEW CONTENT DETAILS THE ECONOMIC AND FINANCIAL IMPACTS OF THE CORONAVIRUS PANDEMIC. The latest updates in this edition discuss various issues that have risen as a result of the economic and financial impact of the COVID-19 pandemic.
- NEW COURSE PREPAREDNESS TOOLS HELP STUDENTS SUCCEED IN YOUR COURSE. A new "Are You Ready for Corporate Finance?" learning feature offers targeted practice and immediate feedback to refresh your students' knowledge of fundamental topics. In addition, "Preparing for Finance" tutorials ensure students confront and overcome any deficiencies in prerequisite math, accounting, economics and statistics. Tutorials for using various financial calculators and Excel® are also included. These resources are available in MindTap.
- MINDTAP FINANCE FOR THIS EDITION CUSTOMIZES LEARNING FOR EACH STUDENT. This digital learning solution powers students from memorization to mastery with content that is specific to this edition of the book and tailored to each student's learning needs. The new optimized learning path offers carefully developed focused content and interactive activities. MindTap resources give you complete control of your course, with the option to customize content to challenge every individual and to build each student's confidence.
- UPDATED EXCEL® MODELS PARALLEL AND SUPPORT DISCUSSIONS OF EACH TOPIC. In a continuing effort to help students know and use Excel® to problem-solve, the authors have updated this edition's spreadsheet models to seamlessly support revised discussion of each topic. In addition, in-text graphics quickly show students how many of the problems can be solved using Excel®.
- FOCUSED SELF-TEST PROBLEMS ENSURING UNDERSTANDING AS STUDENTS PROGRESS THROUGH EACH CHAPTER. These strategically placed Self-Test Problems appear directly after each major chapter section and enable students to test their comprehension immediately before moving to the next topic -- instead of waiting until the conclusion of the chapter.
- "TAKING A CLOSER LOOK" PROBLEMS HAVE STUDENTS EXAMINE AN ACTUAL COMPANY'S FINANCIAL INFORMATION. These hands-on exercises enable students to apply chapter concepts to real-world situations using online resources. This practice gives students a better understanding of how to gather the information needed to perform the applicable analysis.
- COMPLETE INSTRUCTOR RESOURCES REDUCE PREPARATION WHILE INCREASING STUDENT SUCCESS. This edition's comprehensive support package is prepared by the text's authors to ensure the highest quality and accuracy. All supplements correspond closely with the book and recent updates to maximize your preparation time and student engagement.
- INTERACTIVE EXERCISES HELP STUDENTS VISUALIZE CONCEPTS. "Exploring Finance" features in MindTap use graphical representations, or "applets," to enhance student knowledge. Each applet includes three to five questions that require students to manipulate a graph. In order to answer a series of questions, the student may need to adjust the "slider" for changing information such as number of periods, interest rates or payments. These activities reinforce financial concepts by involving students in an interactive exercise to arrive at the solution.
- "QUICK QUESTIONS" BOXES POSE THOUGHT-PROVOKING QUESTIONS AT KEY POINTS IN DISCUSSION. These insightful exercises, found in key chapters throughout the book, present a relevant question and then walk students through the process of finding its solution. The authors designed these questions to parallel the classroom activity in which students progress through an example to make concepts more concrete.
- EXPANDED REAL-WORLD EXAMPLES HELP STUDENTS BRIDGE THE GAP BETWEEN CONCEPT AND APPLICATION. This edition is packed with real-life examples, such as a broader discussion of the role of hedge funds and private equity of major firms and a detailed breakdown of the cash conversion cycle components for several leading companies. This edition also features a weighted average cost of capital analysis for selected companies and extensive updates of corporate bond ratings, yields and dividend payouts for a range of companies.
- REVISED AND IMPROVED POWERPOINT PRESENTATIONS ARE MORE ENGAGING THAN EVER. This edition's accompanying PowerPoint presentations are completely revised to support an engaging classroom environment. All slides present the latest content, updated to reflect all changes and additions to this edition of the text.
Part 1: Introduction to Financial Management
Chapter 1 An Overview of Financial Management
Chapter 2 Financial Markets and Institutions
Part 2: Fundamental Concepts in Financial Management
Chapter 3 Financial Statements, Cash Flow, and Taxes
Chapter 4 Analysis of Financial Statements
Web Appendix 4A Common Size and Percent Change Analysis
Chapter 5 Time Value of Money
Web Appendix 5A Continuous Compounding and Discounting
Web Appendix 5B Growing Annuities
Part 3: Financial Assets
Chapter 6 Interest Rates
Chapter 7 Bonds and Their Valuation
Web Appendix 7A Zero Coupon Bonds
Web Appendix 7B Bond Risk and Duration
Web Appendix 7C Bankruptcy and Reorganization
Chapter 8 Risk and Rates of Return
Web Appendix 8A Calculating Beta Coefficients
Chapter 9 Stocks and Their Valuation
Appendix 9A Stock Market Equilibrium
Part 4: Investing in Long-Term Assets: Capital Budgeting
Chapter 10 The Cost of Capital
Web Appendix 10A The Cost of New Common Stock and WACC
Chapter 11 The Basics of Capital Budgeting
Chapter 12 Cash Flow Estimation and Risk Analysis
Web Appendix 12A Tax Depreciation
Web Appendix 12B Refunding Operations
Web Appendix 12C Using the CAPM to Estimate the Risk-Adjusted Cost of Capital
Web Appendix 12D Techniques for Measuring Beta Risk
Chapter 13 Real Options and Other Topics in Capital Budgeting
Part 5: Capital Structure and Dividend Policy
Chapter 14 Capital Structure and Leverage
Web Appendix 14A Degree of Leverage
Chapter 15 Distributions to Shareholders: Dividends and Share Repurchases
Web Appendix 15A The Residual Dividend Model: An Example
Part 6: Working Capital Management, Financial Forecasting, and Multinational Financial Management
Chapter 16 Working Capital Management
Web Appendix 16A Inventory Management
Web Appendix 16B Short-Term Loans and Bank Financing
Chapter 17 Financial Planning and Forecasting
Web Appendix 17B Forecasting Financial Requirements When Financial Ratios Change
Chapter 18 Multinational Financial Management
Appendix A Solutions to Self-Test Questions and Problems
Appendix B Answers to Selected End-of-Chapter Problems
Appendix C Selected Equations and Tables
Index
Chapter 1 An Overview of Financial Management
Chapter 2 Financial Markets and Institutions
Part 2: Fundamental Concepts in Financial Management
Chapter 3 Financial Statements, Cash Flow, and Taxes
Chapter 4 Analysis of Financial Statements
Web Appendix 4A Common Size and Percent Change Analysis
Chapter 5 Time Value of Money
Web Appendix 5A Continuous Compounding and Discounting
Web Appendix 5B Growing Annuities
Part 3: Financial Assets
Chapter 6 Interest Rates
Chapter 7 Bonds and Their Valuation
Web Appendix 7A Zero Coupon Bonds
Web Appendix 7B Bond Risk and Duration
Web Appendix 7C Bankruptcy and Reorganization
Chapter 8 Risk and Rates of Return
Web Appendix 8A Calculating Beta Coefficients
Chapter 9 Stocks and Their Valuation
Appendix 9A Stock Market Equilibrium
Part 4: Investing in Long-Term Assets: Capital Budgeting
Chapter 10 The Cost of Capital
Web Appendix 10A The Cost of New Common Stock and WACC
Chapter 11 The Basics of Capital Budgeting
Chapter 12 Cash Flow Estimation and Risk Analysis
Web Appendix 12A Tax Depreciation
Web Appendix 12B Refunding Operations
Web Appendix 12C Using the CAPM to Estimate the Risk-Adjusted Cost of Capital
Web Appendix 12D Techniques for Measuring Beta Risk
Chapter 13 Real Options and Other Topics in Capital Budgeting
Part 5: Capital Structure and Dividend Policy
Chapter 14 Capital Structure and Leverage
Web Appendix 14A Degree of Leverage
Chapter 15 Distributions to Shareholders: Dividends and Share Repurchases
Web Appendix 15A The Residual Dividend Model: An Example
Part 6: Working Capital Management, Financial Forecasting, and Multinational Financial Management
Chapter 16 Working Capital Management
Web Appendix 16A Inventory Management
Web Appendix 16B Short-Term Loans and Bank Financing
Chapter 17 Financial Planning and Forecasting
Web Appendix 17B Forecasting Financial Requirements When Financial Ratios Change
Chapter 18 Multinational Financial Management
Appendix A Solutions to Self-Test Questions and Problems
Appendix B Answers to Selected End-of-Chapter Problems
Appendix C Selected Equations and Tables
Index
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This Cengage solution can be seamlessly integrated into most Learning Management Systems (Blackboard, Brightspace by D2L, Canvas, Moodle, and more) but does require a different ISBN for access codes. Please work with your Cengage Learning Consultant to ensure the proper course set up and ordering information. For additional information, please visit the LMS Integration site.
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- ISBN-10: 0357517733
- ISBN-13: 9780357517734
- RETAIL $157.95
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- ISBN-10: 0357710010
- ISBN-13: 9780357710012
- RETAIL $79.95
- ISBN-10: 0357517717
- ISBN-13: 9780357517710
- RETAIL $730.00
Cengage provides a range of supplements that are updated in coordination with the main title selection. For more information about these supplements, contact your Learning Consultant.
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ISBN: 9780357517734
MindTap for Brigham/Houston's, Fundamentals of Financial Management: Concise, 11th Edition is the digital learning solution that powers students from memorization to mastery. It gives you complete control of your course—to provide engaging content, to challenge every individual, and to build their confidence. Empower students to accelerate their progress with MindTap. MindTap: Powered by You.
New multi-stage, fully algorithmic learning modules provide step-by-step practice with accompanying videos and practice exercises that offer immediate feedback. In addition, an optimized learning path offers new "Learn it, Study it and Apply it modules. This edition also offers updated Excel models that parallel the book and auto-graded Excel problems for deeper analysis.
MindTap gives you complete ownership of your content and learning experience. Customize the interactive syllabi, emphasize the most important topics, and add your own material or notes in the ebook. All new Learn It modules offer step-by-step media-rich assignments to help students learn critical foundations, while algorithmic homework and test prep tools help them achieve mastery of the material. An algorithmic test bank provides more support for online testing, ensuring variety and flexibility for your assessments.