Practical Financial Management, 5th Edition

  • includes Printed Access Card Thomson ONE - Business School Edition 6-Month
  • William R. Lasher Nichols College
  • ISBN-10: 0324422636
  • ISBN-13: 9780324422634
  • 800 Pages Hardcover 
  • Previous Editions: 2005, 2003, 2000
  • © 2008 | Published
  • College Bookstore Wholesale Price = $218.25 
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About The Solution

Overview

With its clear, concise, and real-world treatment of key financial management topics, PRACTICAL FINANCIAL MANAGEMENT guides students on the stream to success. Author and former CFO William R. Lasher crafted his text to match the background knowledge and abilities of typical business students --many of whom have little knowledge of financial concepts. Advanced math is eliminated from the theory sections and everyday math is geared towards the ability of the typical business student, supported by numerous worked-out examples as well as graphical and intuitive presentations of math where appropriate. PRACTICAL FINANCIAL MANAGEMENT offers an accessible and relevant discussion of key topics, including cross-functional coverage of the agendas and biases decision-makers across the firm may bring to a financial proposal. Rely on the expertise of William Lasher to prepare your students for the real challenges and conflicts that real financial managers face every day.


Additional Product Information

Features/Benefits

  • Step-by-step Examples. Numerous worked-out examples walk students through the processes, step-by-step. Because of this, PRACTICAL FINANCIAL MANAGEMENT is a resource that students can use by themselves as well as under supervision.
  • Clarity of Presentation. Every new topic begins with a presentation of the heart of the business problem or issues, starting from scratch and assuming students know nothing about the area. With this approach students avoid confusion and know exactly where they are going and why.
  • Margin Notes. PRACTICAL FINANCIAL MANAGEMENT features summarizing margin notes that are particularly complete and thorough. They provide students with a convenient summary/outline of the textual material rather than just a list of key words.
  • Internet Notes and Exercises. Internet addresses and descriptions are included in the margin material to direct students to websites that expand upon the material being presented. Internet exercises are also included in end-of-chapter material.
  • Thomson ONE -- Business School Edition Exercises. Students can use the Thomson ONE - Business School Edition academic online database to work a chapter's Thomson ONE problems. Thomson ONE combines a full range of fundamental financials, earnings estimates, and market data for hundreds of real-world companies. This is an academic version of the same tools used by Wall Street analysts every day. Access to Thomson ONE - Business School Edition is provided by registering a unique serial number that comes with each new book.

What's New

  • CengageNOW for Finance. Designed by the instructor for the instructor, CengageNOW for Finance is the most reliable, flexible, and easy-to-use online suite of services and resources. CengageNOW for Finance supports your course goals and saves you significant preparation and grading time with such features an algorithmic homework management system, an intuitive grade book, and seamless integration with your favorite course management platform. And for students, CengageNOW for Finance enhances their learning with author video clips, access to Thomson ONE -- Business School Edition, personalized learning paths, and more. With CengageNOW for Finance, students can continually try problems and work them until they understand the concept. Take a tour at academic.cengage.com/cengagenow.

Table of Contents

PART 1. INTRODUCTION TO FINANCIAL MANAGEMENT.
1. Foundations.
2. Financial Background: A Review of Accounting, Financial Statements, and Taxes.
3. Cash Flows and Financial Analysis.
4. Financial Planning.
5. The Financial System, Corporate Governance, and Interest
PART 2. DISCOUNTED CASH FLOW AND THE VALUE OF SECURITIES.
6. Time Value of Money.
7. The Valuation and Characteristics of Bonds.
8. The Valuation and Characteristics of Stock.
9. Risk and Return.
PART 3. BUSINESS INVESTMENT DECISIONS - CAPITAL BUDGETING.
10. Capital Budgeting.
11. Cash Flow Estimation.
12. Risk Topics and Real Options in Capital Budgeting.
13. Cost of Capital.
PART 4. LONG-TERM FINANCING ISSUES.
14. Capital Structure and Leverage.
15. Dividends.
PART 5. OPERATIONS ISSUES - WORKING CAPITAL MANAGEMENT AND PLANNING.
16. The Management of Working Capital.
17. Corporate Restructuring.
18. International Finance.

Supplements

Instructor Supplements

Instructor Supplements

All supplements have been updated in coordination with the main title. Select the main title’s "About the Solution" tab, then select "What's New" for updates specific to title's edition. For more information about these supplements, or to obtain them, contact your Learning Consultant.

CengageNOW on Blackboard® Instant Access Code  (ISBN-10: 0324649193 | ISBN-13: 9780324649192)

CengageNOW is an easy-to-use online resource that helps you study in less time to get the grade you want.

List Price = $115.00  | CengageBrain Price = $115.00  | College Bookstore Wholesale Price = $115.00


CengageNOW on WebCT™ Instant Access Code  (ISBN-10: 0324649177 | ISBN-13: 9780324649178)

CengageNOW is an easy-to-use online resource that helps you study in less time to get the grade you want.

List Price = $115.00  | CengageBrain Price = $115.00  | College Bookstore Wholesale Price = $115.00


CengageNOW Instant Access Code  (ISBN-10: 0324649215 | ISBN-13: 9780324649215)

CengageNOW is an easy-to-use online resource that helps you study in less time to get the grade you want.

List Price = $115.00  | CengageBrain Price = $115.00  | College Bookstore Wholesale Price = $115.00

Learn More  |  Watch Demo


Test Bank  (ISBN-10: 0324648863 | ISBN-13: 9780324648867)

This Test Bank is edited by William R. Lasher, ensuring that all questions are consistent with the text's style and notation and that all are clear, readable, and appropriate for students' abilities. This edition is revised by Tom Arnold of the University of Richmond, and Bill Lasher, and contains over 2,500 insightful questions categorized by topic area. The questions include multiple choice, true/false, fill-in, essays, and problems.


Instructor's Manual  (ISBN-10: 0324648855 | ISBN-13: 9780324648850)

This comprehensive manual is written and maintained by the text's author, together with Dianne Morrison of the University of Wisconsin–La Crosse. It contains chapter-by-chapter focus statements, pedagogical tips, and teaching objectives. All of the discussion questions are answered in detail, and solutions to the problems are fully worked out. The Instructor's Manual is available on the text's website, where it is password-protected for instructor use only.


Instructor's Resource CD-ROM  (ISBN-10: 0324648839 | ISBN-13: 9780324648836)


Student Supplements

Student Supplements

All supplements have been updated in coordination with the main title. Select the main title’s "About the Solution" tab, then select "What's New" for updates specific to title's edition. For more information about these supplements, or to obtain them, contact your Learning Consultant.

Practical Financial Management (Book Only)  (ISBN-10: 0324422628 | ISBN-13: 9780324422627)

List Price = $360.95  | College Bookstore Wholesale Price = $267.25


CengageNOW on Blackboard® Instant Access Code  (ISBN-10: 0324649193 | ISBN-13: 9780324649192)

CengageNOW is an easy-to-use online resource that helps you study in less time to get the grade you want.

List Price = $115.00  | CengageBrain Price = $115.00  | College Bookstore Wholesale Price = $115.00


CengageNOW on WebCT™ Instant Access Code  (ISBN-10: 0324649177 | ISBN-13: 9780324649178)

CengageNOW is an easy-to-use online resource that helps you study in less time to get the grade you want.

List Price = $115.00  | CengageBrain Price = $115.00  | College Bookstore Wholesale Price = $115.00


CengageNOW Instant Access Code  (ISBN-10: 0324649215 | ISBN-13: 9780324649215)

CengageNOW is an easy-to-use online resource that helps you study in less time to get the grade you want.

List Price = $115.00  | CengageBrain Price = $115.00  | College Bookstore Wholesale Price = $115.00

Learn More  |  Watch Demo


Meet the Author

About the Author

William R. Lasher

William R. Lasher has a unique background spanning both education and practice in finance that allows him to offer unique, firsthand insights into the world of financial management within this text. Prior to entering full-time academics, he worked for Texas Instruments, Harris Corporation, and the Pacific Telesis organization. He has held positions as a planner, a controller, and a subsidiary CFO. While working in business, Lasher served as an adjunct professor at the University of Dallas, the University of Texas at Dallas, and Golden Gate University in San Francisco. In 1988, he moved into a full-time position in education with Nichols College. Dr. Lasher holds a B.S. and an M.B.A. from Columbia University and a Ph.D. from Southern Methodist University. He is a certified public accountant and has published books on business planning, franchising, and the strategic management of small firms.

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