Higher Education

Practical Financial Management, 7th Edition

  • includes Thomson ONE - Business School Edition 6-Month Printed Access Card
  • William R. Lasher Nichols College
  • ISBN-10: 1133593682  |  ISBN-13: 9781133593683
  • 864 Pages
  • Previous Editions: 2011, 2008, 2005
  • © 2014 | Published
  • College Bookstore Wholesale Price = $229.50
  • Newer Edition Available

SAVINGS: MindTap Digital-Only Price Starting at $145.00

Contains the full textbook.

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About

Overview

Enlist the help of an actual former CFO to introduce your students to the key financial management topics with the seventh edition of PRACTICAL FINANCIAL MANAGEMENT. Author, former successful CFO, and recognized instructor William R. Lasher captivates your students with unique insights into the issues and challenges facing financial managers every day. From a look at hidden agendas and the biases of decision makers in the firm to their effect on the analyses of financial proposals, Lasher’s practical, relevant presentation promises to keep students reading. This edition examines the latest financial developments, including a new discussion on IPOs as a broad topic, and the sale of Facebook stock and its fallout in particular. Throughout this edition, Lasher delivers an engaging, thorough presentation that is perfectly matched to the needs of today’s business students. He substitutes advanced math in theory sections with everyday math, numerous worked-out examples, and graphical and intuitive presentations. This edition provides Thomson ONE--Business School Edition exercises to give your students experience using the same financial research tool that professional brokers and analysts trust every day. Also available with the Seventh Edition is CengageNOW, a powerful course management and online homework tool that provides robust instructor control and customization to optimize the student learning experience and meet desired outcomes. Lasher’s PRACTICAL FINANCIAL MANAGEMENT, Seventh Edition, delivers the solid understanding of financial management your business students need for future success.

Features and Benefits

  • Concept Connections: End-of-chapter problems reference in-chapter examples to facilitate review. Students who are challenged by end-of-chapter problems can use convenient cross references that guide them back to corresponding in-chapter examples for review and clarification of concepts.
  • Step-by-step completed examples walk students through the processes: Numerous, detailed worked-out examples throughout the text ensure students understand each step as they walk through the processes. These practical learning tools ensure this book is a useful resource that students can use on their own for review and reinforcement.
  • Thomson ONE--Business School Edition (BSE) exercises give students practice using financial tools: Now students can gain hands-on practice using the same financial tool that professional brokers and Wall Street analysts trust every day: Thomson ONE--BSE online database. Thomson ONE provides a full range of fundamental financials, earnings estimates, and market data for hundreds of actual companies. Students access leading financial data sources, including Thomson Financial, Worldscope, and SEC Disclosure as they complete special Thomson ONE--BSE exercises in the text.

Table of Contents

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 II: 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 III: 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 IV: LONG-TERM FINANCING ISSUES.
14. Capital Structure and Leverage.
15. Dividends.
Part V: OPERATIONS ISSUES--WORKING CAPITAL MANAGEMENT AND PLANNING.
16. The Management of Working Capital.
17. Corporate Restructuring.
18. International Finance.

What's New

  • The seventh edition of PRACTICAL FINANCIAL MANAGEMENT has been updated throughout, with new content on pass throughs (methods of passing profits through to owners before being taxed), municipal bonds, free cash flow, corporate governance and executive compensation, discounting, and a lengthy new discussion on IPOs and the launch of the Facebook IPO and its turmoil out of the gate.
  • Clear presentation of new topics ensures student comprehension: The book introduces each new topic with a thorough explanation that delves into the heart of the business problem or issues. The author starts each discussion with the assumption that students know nothing about the topic. This approach not only establishes the foundation for clear understanding but also ensures students know exactly where the topic is heading and why.

Supplements

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: 1133962629 | ISBN-13: 9781133962625)

Place all the key resources you need at your fingertips in this all-in-one, convenient CD-ROM. You can easily access any of the Instructor Resources as you need them; including the Instructor’s Manual, Test Bank in Word, ExamView® Computerized Test Bank, PowerPoint® slides, and Excel® spreadsheets.

CengageNOW Instant Access  (ISBN-10: 1285188519 | ISBN-13: 9781285188515)

CengageNOW is an Online Teaching and Learning Resource. CengageNOW offers all of your teaching and learning resources in one intuitive program organized around the essential activities you perform for class - lecturing, creating assignments, grading, quizzing, and tracking student progress and performance. CengageNOW, in most cases, provides students access to an integrated eBook, interactive tutorials, videos, animations, games and other multimedia tools to help them get the most out of your course. CengageNOW provides More Control In Less Time. CengageNOW’s flexible assignment and grade book options provides you more control while saving you valuable time in planning and managing your course assignments. With CengageNOW, you can automatically grade all assignments, weigh grades, choose points or percentages and set the number of attempts and due dates per problem to best suit your overall course plan. CengageNOW Delivers Results.

List Price = $134.00  | CengageBrain Price = $134.00  | College Bookstore Wholesale Price = $134.00

MindTap® Finance, 2 terms (12 months) Instant Access for Lasher's Practical Financial Management  (ISBN-10: 1285513940 | ISBN-13: 9781285513942)

MindTap™ Finance for Lasher's Practical Financial Management, 7th Edition is the digital learning solution that helps instructors engage and transform today's students into critical thinkers. Through paths of dynamic assignments and applications that you can personalize, real-time course analytics, and an accessible reader, MindTap helps you turn cookie cutter into cutting edge, apathy into engagement, and memorizers into higher-level thinkers.

List Price = $145.00  | CengageBrain Price = $145.00  | College Bookstore Wholesale Price = $145.00

MindTap® Finance, 2 terms (12 months) Printed Access Card for Lasher’s Practical Financial Management  (ISBN-10: 1285515862 | ISBN-13: 9781285515861)

MindTap™ Finance for Lasher’s Practical Financial Management, 7th Edition is the digital learning solution that helps instructors engage and transform today’s students into critical thinkers. Through paths of dynamic assignments and applications that you can personalize, real-time course analytics, and an accessible reader, MindTap helps you turn cookie cutter into cutting edge, apathy into engagement, and memorizers into higher-level thinkers.

List Price = $145.00  | College Bookstore Wholesale Price = $108.75

Student Supplements

LMS Integrated for CengageNOW™, 1 term Instant Access  (ISBN-10: 1305389417 | ISBN-13: 9781305389410)

Have the tools you need to be successful A variety of tools are available in CengageNOW™, all combined in one easy-to-use resource designed to improve your grades. Some resources get you prepared for class and help you succeed on homework, and others show you specific areas where you can work to improve. Stay ahead of the course requirements CengageNOW shows you the path through your course—from first day through finals. Once you know what’s expected, it’s easier to complete your assignments. Gain understanding that stays with you Do well on tests as well as the assignments! Bridge the gap between homework and tests by using CengageNOW to truly understand the material. Self-study and review materials keep you on the right track, to make sure your understanding goes beyond memorization. Set yourself up for better grades Why wonder where you stand? CengageNOW includes trackable assignments and grades. It tells you what to do to improve your grade, and gives you the tools to accomplish it! Student Testimonials: “I love the check your work option. Really, when you’re having a hard time figuring out an answer, sometimes working backwards is the best way to understand conceptually what you’re doing wrong.” - Brad Duncan University of Utah “I liked the videos because they were short enough to teach me and because they were short, I was able to find time to watch them again and again if I did not understand the first time.” - Jennifer Wright Northeast Wisconsin Technical College CTA: Ask your instructor about CengageNOW for this course.

List Price = $134.00  | CengageBrain Price = $134.00  | College Bookstore Wholesale Price = $134.00

CengageNOW Instant Access  (ISBN-10: 1285188519 | ISBN-13: 9781285188515)

CengageNOW is an Online Learning Resource. CengageNOW offers all of your learning resources in one intuitive program organized around the essential activities you perform for class. CengageNOW™, in most cases, provides you access to an integrated eBook, interactive tutorials, videos, animations, games and other multimedia tools to help you get the most out of your course. CengageNOW provides More Control In Less Time.

List Price = $134.00  | CengageBrain Price = $134.00  | College Bookstore Wholesale Price = $134.00

MindTap® Finance, 2 terms (12 months) Instant Access for Lasher's Practical Financial Management  (ISBN-10: 1285513940 | ISBN-13: 9781285513942)

MindTap™ Finance for Lasher's Practical Financial Management, 7th Edition provides you with the tools you need to better manage your limited time -- you can complete assignments whenever and wherever you are ready to learn with course material specially customized for you by your instructor and streamlined in one proven, easy-to-use interface. With an array of tools and apps -- from note taking to flashcards -- you'll get a true understanding of course concepts, helping you to achieve better grades and setting the groundwork for your future courses.

List Price = $145.00  | CengageBrain Price = $145.00  | College Bookstore Wholesale Price = $145.00

MindTap® Finance, 2 terms (12 months) Printed Access Card for Lasher’s Practical Financial Management  (ISBN-10: 1285515862 | ISBN-13: 9781285515861)

MindTap™ Finance for Lasher’s Practical Financial Management, 7th Edition provides you with the tools you need to better manage your limited time -- you can complete assignments whenever and wherever you are ready to learn with course material specially customized for you by your instructor and streamlined in one proven, easy-to-use interface. With an array of tools and apps -- from note taking to flashcards -- you’ll get a true understanding of course concepts, helping you to achieve better grades and setting the groundwork for your future courses.

List Price = $145.00  | College Bookstore Wholesale Price = $108.75

LMS Integrated for MindTap® Finance, 2 terms (12 months) Instant Access  (ISBN-10: 1285587766 | ISBN-13: 9781285587769)

This access code will provide you with seamless access to your MindTap™ Finance resources from within your campus Learning Management System. You will be prompted to enter this access code the first time that you click on a link in your course that includes Cengage content.

List Price = $145.00  | CengageBrain Price = $145.00  | College Bookstore Wholesale Price = $145.00

Meet the Author

Author Bio

William R. Lasher

Dr. Lasher has a unique background in education and financial practice that enables him to offer unique, firsthand insights into the world of financial management in his text. Prior to entering full-time academics, he worked in finance at 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, he taught evening courses in finance and economics at the University of Dallas, the University of Texas at Dallas, and Golden Gate University in San Francisco. After a successful corporate career, he became a full time author/educator in finance at Nichols College. He has taught and written finance for over 25 years. Dr. Lasher holds a B.S. and an M.B.A. from Columbia University, a Ph.D. from Southern Methodist University, and a J.D from the New England School of Law. He has been a Certified Public Accountant and is a member of the Massachusetts Bar. In addition to Practical Financial Management, he has published books on business planning, franchising, and the strategic management of small firms.