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Finance: Theory and Practice

Finance: Theory and Practice

          
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About the Book

Anne Marie Ward's textbook has become the seminal text for the study of finance for both professional and academic courses. With particular relevance to students in Ireland and the UK, but also internationally, the author clearly presents the theory behind finance, provides practical worked examples to illustrate this theory and integrates real-world business examples and academic research to provide a deeper understanding of the subject. Finance: Theory and Practice: Explains the factors that can impact on financial decision-making, particularly the impact of the current economic environment. Explores the various theories for influencing or improving financial decision-making. Considers current research findings and interprets these in light of the theory. Uses simple examples to review and explain the theory being considered, building up to examination standard questions at the end of each chapter. Uses examples from Irish and UK companies to explain finance decision-making.This new edition: has more real-world examples illustrating practical application of the subject; is updated for regulatory changes; contains more case study and exam questions in each chapter; splits the chapter on risk into three shorter chapters, covering commodity price risk, exchange rate risk and interest rate risk, with more worked examples in each area; is more reader-friendly - using colour and wide range of diagrams to emphasise key information, blocks of text are broken up and reader engagement enhanced.

Table of Contents:
PART I - THE FINANCE FUNCTION Chapter 1 - The Role of Business Finance in Strategic Management and Influences on Business Finance Decision-making PART II - PROJECT APPRAISAL AND WORKING CAPITAL MANAGEMENT 2 - Capital Investment Decision-making 3 - Capital Investment Appraisal for Special Decisions and Risk 4 - Working Capital, Financial Performance and Corporate Failure 5 - Inventory Management 6 - Management of Trade Receivables and Trade Payables 7 - Cash Management PART III - THE FINANCIAL ENVIRONMENT AND SOURCES OF FINANCE 8 - The Financial Environment and Asset- and Finance-mix Decisions 9 - Short-term Sources of Finance 10 - Medium-term Sources of Finance and the Finance Gap 11 - Long-term Sources of Finance: Debt and Mezzanine Finance 12 - Long-term Sources of Finance: Equity Capital and Preference Shares PART IV - COMPANY VALUE, RECONSTRUCTION AND AMALGAMATION 13 - Cost of Capital 14 - Capital Structure 15 - Valuing Companies 16 - Company Reconstructions PART V - RISK MANAGEMENT 17 - Risk Management 18 - Exchange Rate Risk 19 - Interest Rate Risk PART VI - DIVIDEND DECISION AND SHAREHOLDER WEALTH MAXIMISATION 20 - Dividend Policy Appendix A - Financial Mathematics for Assessing the Time Value of Money B - Solutions to Review Questions C - Present Value Discount Factor Table D - Annuity Factor Table E - Terminal/Future Value Factor Table F - Future Value Annuity Factor Table G - Cumulative Probability [N(d)] that a Normally Distributed Variable will be less than d Standard Deviations from the Mean


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Product Details
  • ISBN-13: 9781908199485
  • Publisher: Chartered Accountants Ireland
  • Publisher Imprint: Chartered Accountants Ireland
  • Depth: 31
  • Height: 245 mm
  • Spine Width: 31 mm
  • Weight: 1431 gr
  • ISBN-10: 1908199482
  • Publisher Date: 11 Aug 2014
  • Binding: Paperback
  • Edition: Revised edition
  • No of Pages: 864
  • Sub Title: Theory and Practice
  • Width: 189 mm


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