Cengage Learning

Higher Education

Contemporary Financial Management, 11th Edition

  • includes Thomson ONE
  • R. Charles Moyer University of Louisville
  • James R. McGuigan
  • William J. Kretlow University of Houston
  • ISBN-10: 0324653506  |  ISBN-13: 9780324653502
  • 800 Pages
  • Previous Editions: 2006, 2003, 2001
  • © 2009 | Published
  • College Bookstore Wholesale Price = $283.50 List Price = $ 382.95
  • Newer Edition Available
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Give your students a comprehensive, contemporary introduction to financial management as the latest edition of Moyer/McGuigan/Kretlow’s successful CONTEMPORARY FINANCIAL MANAGEMENT focuses on maximizing shareholder wealth and effectively managing cash flow. Students learn the international aspects of financial management, examine the ethical behavior of managers, and study the increased impact of the Internet in business practice. The expanded coverage of CONTEMPORARY FINANCIAL MANAGEMENT, 11e, focuses on topics of growing importance, such as financial forecasting, risk management, and terminal cash flow. Financial Challenges, icons, integrative cases, and numerous other learning features highlight critical concepts and provide important practice. Excel® templates at this edition’s companion Website offer additional practice in using technology to achieve financial management objectives. Thomson ONE Business School Edition places the same financial analysis tool used daily by Wall Street professionals into the hands of students to further their financial management skills and success.

Additional Product Information

Features and Benefits

  • FOUNDATION CONCEPTS HIGHLIGHT VITAL CONTENT: Unique “Foundation Concepts” icons clearly identify the finance concepts within each chapter that are most vital for students to know.
  • EXPANDED INTEGRATIVE CASES WORK WITH EXCEL®: At the end of appropriate chapters, an expanded set of comprehensive Integrative Cases provides important hands-on applications. Many of them can be used with the Excel® templates on the Website as students learn the power of computers in performing sensitivity analysis.
  • ETHICS, INTERNATIONAL, AND ENTREPRENEURIAL ISSUES ARE ADDRESSED: Unique “Ethical Issues” boxes raise sensitivity to ethical challenges facing managers and often prompt class discussion. “International Issues” illustrate global considerations necessary to making financial decisions. “Entrepreneurial Issues” emphasize unique finance-related problems and concerns of today’s entrepreneur.
  • END-OF-CHAPTER STRENGTHS AID IN PRACTICE: A wealth of class-tested, proven problems and exercises at the conclusion of each chapter give students opportunities to self-test their knowledge or practice critical mathematical skills. Others prompt class discussion with intriguing questions and topics.

Table of Contents

1. The Role and Objective of Financial Management.
2. The Domestic and International Financial Marketplace.
3. Evaluation of Financial Performance.
4. Financial Planning and Forecasting.
5. The Time Value of Money.
6. Analysis of Risk and Return.
7. Fixed-Income Securities: Characteristics and Valuation.
8. Common Stock Characteristics, Valuation & Issuance.
9. Capital Budgeting and Cash Flow Analysis.
10. Capital Budgeting Decision Criteria and Real Options Considerations.
11. Capital Budgeting and Risk.
12. The Cost of Capital.
13. Capital Structure Concepts.
14. Capital Structure Management in Practice.
15. Dividend Policy.
16. Working Capital Policy and Short-Term Financing.
17. The Management of Cash and Marketable Securities.
18. The Management of Accounts Receivable and Inventories.
19. Lease and Intermediate-Term Financing.
20. Financing with Derivatives.
21. Risk Management.
22. International Financial Management.
23. Corporate Restructuring.

What's New

  • NEW CHAPTER-OPENING FINANCIAL CHALLENGES: Most chapters in this edition include new, current “Financial Challenges” chapter-opening scenarios that capture some of the most challenging scenarios in today’s field to direct students’ attention toward the chapter concepts.
  • EXPANDED COVERAGE OF TERMINAL CASH FLOW: Chapter 9 now includes additional information on terminal cash flow to better equip students to deal with the most recent challenges and developments in the field today.
  • MORE DETAILED FINANCIAL FORECASTING: Additional detail on financial forecasting in Chapter 4 allows you to delve more deeply into this important aspect of financial management.


All supplements have been updated in coordination with the main title. Select the main title's "About" 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.

Instructor Supplements

Instructor’s Resource CD-ROM  (ISBN-10: 0324656408 | ISBN-13: 9780324656404)

The IRCD includes such items as the IM, SM, Test-bank in MS Word format, our TB software Examview and the TB materials in Examview format. In addition all resources needed for your class are included on this CD-Rom.

Test Bank  (ISBN-10: 0324656424 | ISBN-13: 9780324656428)

The Test Bank offers more than 1,500 multiple-choice questions and problems. Approximately 60 percent of the questions are fact-based questions taken directly from the discussion in the text, approximately 20 percent are elementary questions that closely parallel problem examples developed in the chapter and easier problems at the end of the chapter, and about 20 percent are challenging problems that require students to apply concepts developed in the chapter to new problem situations. Following each question and problem is the correct answer or solution and an identification of the question topic.

PowerPoint®  (ISBN-10: 0324656432 | ISBN-13: 9780324656435)

PowerPoint® slides, which include figures and tables from the text, are available to enhance your lectures. The slides replace transparency acetates in this edition.

Instructor’s Manual  (ISBN-10: 0324656416 | ISBN-13: 9780324656411)

Prepared by the text’s authors, the Instructor’s Manual contains detailed solutions to the end-of-chapter questions and problems. A list at the end of the manual designates the topical coverage of each end-of-chapter problem in the text. The solutions to text questions and problems have been thoroughly checked to ensure their accuracy.

Excel™ Files  (ISBN-10: 0324656459 | ISBN-13: 9780324656459)

A Guide to Using Thomson ONE - Business School Edition  (ISBN-10: 0324319304 | ISBN-13: 9780324319309)

This guide is intended to help instructors and students navigate the Thomson ONE Business School Edition database to look up current data, perform ratio analysis, and carry out class assignments and end-of-chapter Thomson ONE Business School Edition problems that require real-time data.

List Price = $38.95  | CengageBrain Price = $38.95  | College Bookstore Wholesale Price = $28.75

Student Supplements

Contemporary Financial Management (Book Only)  (ISBN-10: 0324656483 | ISBN-13: 9780324656480)

List Price = $346.95  | College Bookstore Wholesale Price = $257.25

A Guide to Using Thomson ONE - Business School Edition  (ISBN-10: 0324319304 | ISBN-13: 9780324319309)

This guide is intended to help you navigate the Thomson ONE Business School Edition database to look up current data, perform ratio analysis, and carry out class assignments and end-of-chapter Thomson ONE Business School Edition problems that require real-time data.

List Price = $38.95  | CengageBrain Price = $38.95  | College Bookstore Wholesale Price = $28.75

Meet the Author

Author Bio

R. Charles Moyer

Charles Moyer is Professor of Finance and Entrepreneurship and Dean Emeritus of the College of Business at the University of Louisville, earned his BA in Economics from Howard University and his MBA and PhD in Finance and Managerial Economics from the University of Pittsburgh. Professor Moyer is Dean Emeritus and former holder of the GMAC Insurance Chair in Finance at the Babcock Graduate School of Management, Wake Forest University. He also has taught at the University of Houston, Lehigh University, and the University of New Mexico and spent a year at the Federal Reserve Bank of Cleveland and a year at the Department of Commerce in Washington. Professor Moyer has taught extensively abroad in Germany, France, and Russia. In addition to this text, Moyer has coauthored Managerial Economics, 13th edition (Cengage-South-Western, 2014). He has been published in many leading journals, is a member of the Board of Directors of Summit Biosciences, Capitala, and the Kentucky Seed Capital Fund. He has supplied cost of capital testimony in nearly 100 public utility rate cases.

James R. McGuigan

James R. McGuigan owns and operates his own numismatic investment firm. Prior to this business, he was Associate Professor of Finance and Business Economics in the School of Business Administration at Wayne State University. He also taught at the University of Pittsburgh and Point Park College. McGuigan received his undergraduate degree from Carnegie-Mellon University; MBA at the Graduate School of Business at the University of Chicago and his PhD from the University of Pittsburgh. In addition to his interests in economics, he has coauthored books on financial management.

William J. Kretlow

William J. Kretlow, formerly with Tenneco and Monsanto, joined the University of Houston faculty in 1971. Since 1977, Professor Kretlow has taught at the Stonier Graduate School of Banking of the American Bankers Association. He also has taught at Rice University and has received various teaching awards. In addition to coauthoring this text, he has published articles in the REVIEW OF BUSINESS AND ECONOMIC RESEARCH, THE JOURNAL OF THE AMERICAN SOCIETY FOR INFORMATION SCIENCE, and THE FINANCIAL REVIEW, among others. Professor Kretlow has advised various small and medium-sized companies on financial matters, served as an expert witness in a number of financial cases, and is experienced in the valuation of closely held businesses.