M Finance 6th Edition by Marcia Millon Cornett, Troy Alton Adair Jr, John Nofsinger ISBN 1266176217 9781266176210

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ISBN 10: 1266176217 
ISBN 13: 9781266176210
Author: Marcia Millon Cornett, Troy Alton Adair Jr, John Nofsinger

M:Finance was developedfor the undergraduate corporate finance course and designed with today’sstudent in mind. With years of teaching experience as well market development,the author team developed a text to reflect that this critical course covers somany crucial topics and that instructors need to focus on core ideas to ensurethat students are getting the preparation they need for future classes—and fortheir lives beyond college. The framework for M: Finance emphasizes three themes: (1) Finance is about connecting core concepts, (2)Finance can be taught using a personal perspective, and (3) Finance focuses onsolving problems and decision making. The text features concise chapters that leadstudents to crucial material by emphasizing core concepts, key research, andcurrent topics. Personal examples in the text explain the concepts’ relevanceto students’ lives, increasing their motivation to learn more. Because financefocuses on problem-solving and decision making, this text includes numerousexercises that target various learning styles.

M Finance 6th Table of contents:

Part One: Introduction

• Chapter 1: Introduction to Financial Management
  • What is finance?
  • The goal of financial management (e.g., maximizing shareholder wealth)
  • Forms of business organization
  • The agency problem and corporate governance
  • Financial markets and institutions

Part Two: Financial Statements

• Chapter 2: Reviewing Financial Statements
  • The Balance Sheet
  • The Income Statement
  • The Statement of Cash Flows
  • Sources of financial information
• Chapter 3: Analyzing Financial Statements
  • Ratio analysis (liquidity, asset management, debt management, profitability, market value ratios)
  • DuPont system
  • Common-size statements
  • Limitations of financial statement analysis

Part Three: Valuing of Future Cash Flows

• Chapter 4: Time Value of Money 1: Analyzing Single Cash Flows
  • Future Value (compounding)
  • Present Value (discounting)
  • Solving for interest rates and number of periods
• Chapter 5: Time Value of Money 2: Analyzing Annuity Cash Flows
  • Future Value of Annuities
  • Present Value of Annuities
  • Perpetuities and growing perpetuities
  • Loan amortization

Part Four: Valuation of Bonds and Stocks

• Chapter 6: Interest Rates and Bond Valuation
  • Determinants of interest rates
  • Term structure of interest rates
  • Bond characteristics and types
  • Bond valuation (yield to maturity, current yield)
  • Bond risks (interest rate risk, reinvestment rate risk)
• Chapter 7: Stock Valuation
  • Common stock characteristics
  • Stock markets
  • Valuation of common stock (dividend growth models, P/E ratios)
  • Preferred stock valuation

Part Five: Risk and Return

• Chapter 8: Risk and Return
  • Returns on investments
  • Measures of risk (standard deviation, coefficient of variation)
  • Risk aversion and required returns
  • Diversification and portfolio risk
  • The Capital Asset Pricing Model (CAPM) and the Security Market Line (SML)
  • Beta coefficient

Part Six: Capital Budgeting

• Chapter 9: Capital Budgeting Decisions
  • Overview of capital budgeting process
  • Independent vs. mutually exclusive projects
  • Net Present Value (NPV)
  • Internal Rate of Return (IRR)
  • Payback Period
  • Comparing project evaluation methods
• Chapter 10: Cash Flow Estimation and Risk Analysis
  • Relevant cash flows for capital budgeting
  • Incremental cash flows
  • Scenario analysis, sensitivity analysis, and simulation
  • Real options

Part Seven: Cost of Capital and Capital Structure

• Chapter 11: The Cost of Capital
  • Components of the cost of capital (cost of debt, cost of preferred stock, cost of common equity)
  • Weighted Average Cost of Capital (WACC)
  • Marginal cost of capital
• Chapter 12: Capital Structure
  • Optimal capital structure theory
  • Financial leverage and its effects
  • Trade-off theory vs. pecking order theory
  • Business risk vs. financial risk

Part Eight: Payout Policy, Working Capital, and Financial Planning

• Chapter 13: Dividends and Other Payouts
  • Dividend policy theories
  • Factors influencing dividend policy
  • Stock repurchases
  • Stock dividends and stock splits
• Chapter 14: Working Capital Management
  • Current assets and current liabilities
  • Cash management
  • Accounts receivable management
  • Inventory management
  • Short-term financing
• Chapter 15: Financial Planning and Forecasting
  • Sales forecasting
  • Percent of sales method
  • Additional funds needed (AFN)
  • The financial planning process

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Tags: Marcia Millon Cornett, Troy Alton Adair Jr, John Nofsinger, Finance