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Principles of Finance 6th Edition

Scott Besley, Eugene F. Brigham

  • Published
  • Previous Editions 2012, 2009, 2006
  • 816 Pages

Overview

Give your students a strong foundation in contemporary finance using the latest PRINCIPLES OF FINANCE, 6E by leading finance authors Besley and Brigham. This dynamic survey text addresses today's most relevant financial concepts as students examine current financial markets and institutions, investments, and managerial finance. An ideal choice for corporate finance topics, this edition is more practical than ever before. Content has been updated to reflect current financial events and topics. Revised coverage further clarifies the presentation of time value of money and other complex concepts. When relevant, this edition now discusses the impact of the 2007-2009 financial market meltdown on finance today and clearly connects topics to students' personal finance decisions. Students see how concepts influence both immediate and long-term common financial decisions. Students learn to use spreadsheets for financial decisions and financial problem solving. The book's modular format allows you to present concepts in the order that best suits your course. The book begins by discussing principles of financial systems and business organizations, then addresses valuation concepts and corporate decision making and concludes with investment fundamentals. Count on PRINCIPLES OF FINANCE, 6E to offer the diversity of coverage and practical strengths your students need for success.

Scott Besley, University of South Florida

Dr. Scott Besley is Associate Professor and Chair of the Department of Finance at the University of South Florida. He earned his DBA and MBA degrees from Florida State University. A well-respected author and instructor, Dr. Besley has published numerous research articles in various academic journals and has co-authored two of the leading textbooks in corporate finance that are used at universities around the world. His research interests include areas of corporate finance, working capital management, governance, and investment anomalies. A frequently requested presenter at professional conferences, Dr. Besley is actively involved in numerous finance and professional organizations. When he is not teaching or pursuing research interests, he is heavily involved in his local community.

Eugene F. Brigham, University of Florida

Dr. Eugene F. Brigham is Graduate Research Professor Emeritus at the University of Florida, where he has taught since 1971. Dr. Brigham received his MBA and Ph.D. from the University of California-Berkeley and his undergraduate degree from the University of North Carolina. Prior to joining the University of Florida, Dr. Brigham held teaching positions at the University of Connecticut, the University of Wisconsin and the University of California, Los Angeles. A former president of the Financial Management Association, Dr. Brigham has written many journal articles on the cost of capital, capital structure and other aspects of financial management. He has authored or co-authored 10 textbooks on managerial finance and managerial economics that are used at more than 1,000 universities in the United States and have been translated into 11 languages worldwide. He has testified as an expert witness in numerous electric, gas and telephone rate cases at both federal and state levels. He has served as a consultant to many corporations and government agencies, including the Federal Reserve Board, the Federal Home Loan Bank Board, the U.S. Office of Telecommunications Policy and the RAND Corp. Dr. Brigham continues to teach, consult and complete research in addition to his academic writing. He spends his spare time golfing, enjoying time with his family and dogs and tackling outdoor adventure activities, such as biking through Alaska.
  • NEW: The text has been completely updated with current dates and tax rate information throughout.
  • NEW Real world data reflects the latest company financials, so your students get hands-on practice using real data.
  • Numerous new examples use companies relevant to the concepts covered and relevant to students.
  • The text has been updated with recent stock market information and the latest FED data.
  • Additional information regarding flotation costs has been added.
  • NEW: Information about IFRS and international business is now included.
  • NEW: All banking information has been updated.
  • The text features a brand new section covering Additional Funds Needed (AFN).
  • WEALTH OF ETHICAL DILEMMAS REFLECTS TODAY'S CHALLENGES. A variety of practical ethical dilemmas throughout this edition emphasizes critical ethical questions prompted by actual recent world events. These ethical challenges prepare students for conflicts and questions facing individuals and corporations today.
  • "MANAGERIAL PERSPECTIVES" DEMONSTRATE THE IMPACT OF FINANCE TODAY. Each chapter captures students' attention from the first page with an intriguing opening Managerial Perspectives that details actual events related to the chapter's content. Clear, engaging prose demonstrates the impact of finance in today's world and in recent news.
  • SOLID DISCUSSION OF INTEREST RATES PREPARES FUTURE MANAGERS AND FINANCE PROFESSIONALS. Discussion of interest rates in Chapter 5 closely examines factors that affect interest rates, forecasting interest rates, and how interest rates are determined in today's financial markets. Students gain the understanding they need for future success.
  • CONTINUED EMPHASIS ON SPREADSHEETS ENHANCES STUDENTS' SKILLS. Additional instruction on spreadsheets within each relevant chapter as well as throughout chapter appendices emphasizes how best to use this critical financial tool. A special end-of-book tutorial demonstrates how to maximize spreadsheet functions to solve financial problems, particularly those related to Time Value of Money.
Part I: GENERAL FINANCE CONCEPTS.
1. An Overview of Finance.
2. Financial Assets (Instruments).
3. Financial Markets and the Investment Banking Process.
4. Financial Intermediaries and the Banking System.
5. The Cost of Money (Interest Rates).
Part II: GENERAL BUSINESS CONCEPTS.
6. Business Organizations and the Tax Environment.
7. Analysis of Financial Statements.
8. Financial Planning and Control.
Part III: FUNDAMENTALS OF VALUATION.
9. Time Value of Money.
10. Valuation Concepts.
11. Risk and Rates of Return.
Part IV: CORPORATE DECISION MAKING.
12. The Cost of Capital.
13. Capital Budgeting.
14. Capital Structure and Dividend Policy Decisions.
15. Working Capital Management.

Textbook Only Options

Traditional eBook and Print Options

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  • ISBN-10: 1305541502
  • ISBN-13: 9781305541504
  • STARTING AT $33.99

  • STARTING AT $48.49

  • ISBN-10: 1285429648
  • ISBN-13: 9781285429649
  • Bookstore Wholesale Price $230.25
  • RETAIL $305.95

Cengage provides a range of supplements that are updated in coordination with the main title selection. For more information about these supplements, contact your Learning Consultant.

FOR INSTRUCTORS

Website

ISBN: 9781305084322
All instructor resources are conveniently located on the password-protected website at http://login.cengage.com. Instantly access the Instructor’s Manual with suggestions for using learning features and supplements as well as tips for using ethical dilemmas and references to related real situations. You can also access the Test Bank in Word with numerous conceptual as well as financial calculation questions labeled by level of difficulty. Easily add, edit, delete, or reorganize test items online with the new Cognero testing platform. You can also bring lectures to life with PowerPoint® slides that highlight key chapter features. Excel spreadsheet templates are also posted and contain models for the computer-related end of chapter problems.

Cengage Learning Testing, powered by Cognero Instant Access

ISBN: 9781305085763
Cengage Learning Testing Powered by Cognero is a flexible, online system that allows you to: Author, edit, and manage test bank content from multiple Cengage Learning solutions; create multiple test versions in an instant; deliver tests from your learning management system, your classroom or wherever you want!