People often struggle to see how financial concepts relate to their personal lives and future careers. Financial Management: Principles and Applications gives readers an overview of finance and how it matters in their personal and professional lives. Utilizing five key principles, the 13th edition provides an accessible introduction to financial decision making, weaving together real-world issues to demonstrate practical applications of critical financial concepts.
MyLab™ Finance is an online homework, tutorial, and assessment program designed to work with this text to engage students and improve outcomes. Within its structured environment, students practice what they learn, test their understanding, and follow a personalized study plan that helps them better absorb course material and understand difficult concepts.
SHERIDAN TITMAN holds the McAllister Centennial Chair in Financial Services at the University of Texas. He holds a bachelor's degree from the University of Colorado and a master's and doctoral degree from Carnegie Mellon University. Prior to joining the faculty at the University of Texas, Professor Titman was a professor at UCLA, the University of Science and Technology of Hong Kong, and Boston College, and spent the 1988-1989 academic year in Washington, D.C. as a special assistant to the Assistant Secretary of the Treasury for Economic Policy. In addition, he has consulted for a variety of financial institutions and corporations. He has served on the editorial boards of leading academic journals in finance and real estate, was editor of the Review of Financial Studies, and was the founding editor of the International Review of Finance.
ARTHUR J. KEOWN is the R.B. Pamplin Professor of Finance and Chair of the Department of Finance at Virginia Polytechnic Institute and State University. He received his bachelor's degree from Ohio Wesleyan University, his MBA from the University of Michigan and his doctorate from Indiana University. An award-winning teacher, he is a member of the Virginia Tech Academy of Teaching Excellence and has received five Certificates of Teaching Excellence, the W.E. Wine Award for Teaching Excellence and the Alumni Teaching Excellence Award. In 1999, he received the Outstanding Faculty Award from the State of Virginia. Professor Keown is widely published in academic journals. His work has been published in the Journal of Finance, Journal of Financial Economics, Journal of Financial and Quantitative Analysis, Journal of Financial Research, Journal of Banking and Finance, Financial Management, Journal of Portfolio Management and many others.
No financial task can ever be performed without at least some knowledge of the basics of financial management. Applying those principles to the reading of a company's financial statements gives us a good idea of how much money they've made and spent, and where they stand financially today. A basic understanding of accounting helps us understand how an organization earns and spends money, and what its current position is.
Basic principles in financial management is designed as an introduction to the world of finance, and lays out the basic concepts and conventions of managerial accounting. It also introduces the key topographical features of the statement of financial condition (balance sheet), income statements, and cash flows. Information is presented in as simple a manner possible, so even a layperson should be able to grasp the essentials of managing finances.
Using an abundance of real-life examples, Principles of Financial Management shows readers how an understanding of the basic theories of finance can help them solve problems they've never encountered before—and how these same principles can be applied to the real world of corporate finance. Features an abundance of real-world examples—most involving well-known corporations—all designed to illustrate how financial concepts are useful and immediately applicable in the real world. Offered a practitioner's real-word perspective, drawing on one author's extensive firsthand experience and unique insight into the everyday world of finance, Principles of Financial Management offers a practical guide to the basics of finance.
