Finance is one of the key drivers of a firm’s activities, and a critical component to understanding business in general. Financial Management: Concepts and Applications is designed to help readers with no prior knowledge grasp the applications and relevance of finance. Author Stephen Foerster reveals the practical side of finance, rather than just its theoretical concepts, and shows how finance intersects with many other areas of business.
Overview of Financial Management; Sizing Up a Business: A Non-Financial Perspective; Understanding Financial Statements; Measuring Financial Performance; Managing Day-To-Day Cash Flow; Projecting Financial Requirements and Managing Growth; Time Value of Money Basics and Applications; Making Investment Decisions; Overview of Capital Markets: Long-Term Financing Instruments; Assessing the Cost of Capital: What Investors Require; Understanding Financing and Payout Decisions; Designing an Optimal Capital Structure; Measuring and Creating Value; Comprehensive Case Study: Wal-Mart Stores, Inc.
Non-financial executives and managers, as well as aspiring managers who want to be in a position to better communicate with financial managers, accountants, and controllers.
Stephen Foerster is a Professor of Finance at the Ivey Business School, Western University in London, Canada. He has a PhD from the Wharton School, University of Pennsylvania and the Chartered Financial Analyst (CFA) designation. He has won numerous research and teaching awards. Foerster has written a number of books including Financial Management: Concepts and Applications, and In Pursuit of the Perfect Portfolio: The Stories, Voices, and Key Insights of the Pioneers Who Shaped the Way We Invest (with Andrew Lo). Foerster is also a consultant, executive training course designer and facilitator, and expert witness.