Principles of Finance is targeted at the core finance course for undergraduate business majors. The book is designed for conceptual accessibility to students who are relatively early in their business curriculum, yet it is also suitable for more advanced students. Due to the wide range of audiences and course approaches, the book is designed to be as flexible as possible. Its modular structure allows the introduction and review of content from prerequisite subjects in financial accounting, statistics, and economics, depending on student preparation. It provides a solid grounding in the core concepts of financial theory so that business students interested in a major or minor in finance will also be prepared for more rigorous upper-level courses. Concepts are further reinforced through applicable connections and practical calculation techniques for more detailed and realistic company scenarios from various industries.
Designed to meet the scope and sequence of your course, Principles of Finance provides a strong foundation in financial applications using an innovative use-case approach to explore their role in business decision-making. An array of financial calculator and downloadable Microsoft Excel data exercises also engage students in experiential learning throughout. With flexible integration of technical instruction and data, this title prepares students for current practice and continual evolution.
This open book is licensed under a Creative Commons License (CC BY). You can download Principles of Finance ebook for free in PDF format (60.7 MB).
Table of Contents
Introduction to Finance
Corporate Structure and Governance
Economic Foundations: Money and Rates
Accrual Accounting Process
Measures of Financial Health
Time Value of Money I: Single Payment Value
Time Value of Money II: Equal Multiple Payments
Time Value of Money III: Unequal Multiple Payments Values
Bonds and Bond Valuation
Stocks and Stock Valuation
Historical Performance of US Markets
Statistical Analysis in Finance
Regression Analysis in Finance
How to Think about Investing
How Companies Think about Investing
How Firms Raise Capital
The Importance of Trade Credit and Working Capital in Planning
Risk management and the Financial Manager