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Higher Education

Practical Financial Management, 6th Edition

  • includes Thomson ONE - Business School Edition 6-Month Printed Access Card
  • William R. Lasher Nichols College
  • ISBN-10: 1439080496  |  ISBN-13: 9781439080498
  • 864 Pages
  • Previous Editions: 2008, 2005, 2003
  • © 2011 | Published
  • College Bookstore Wholesale Price = $241.50
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Enlist the help of an actual former CFO to introduce your students to the key financial management topics with the latest 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 the impact of the financial crisis of 2008-2009 on organizations worldwide. 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 even 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. Lasher’s PRACTICAL FINANCIAL MANAGEMENT, Sixth Edition, delivers the solid understanding of financial management your business students need for future success.

Features and Benefits

  • 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.
  • 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.
  • 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, Interest, and the Financial Crisis of 2008.
6. Time Value of Money.
7. The Valuation and Characteristics of Bonds.
8. The Valuation and Characteristics of Stock.
9. Risk and Return.
10. Capital Budgeting.
11. Cash Flow Estimation.
12. Risk Topics and Real Options in Capital Budgeting.
13. Cost of Capital.
14. Capital Structure and Leverage.
15. Dividends.
16. The Management of Working Capital.
17. Corporate Restructuring.
18. International Finance.

What's New

  • Timely references to and coverage of the recent financial crisis keeps your course up-to- date: The author explains how the crisis came about, its impact on Wall Street and the financial system, and the federal government’s intervention in an effort to save the system.
  • The crisis is also discussed in the chapter on international finance in terms of its effect on globalization, protectionism and the role of the United States’ role as a financial leader.
  • 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.

Learning Resource Bundles

Choose the textbook packaged with the resources that best meet your course and student needs. Contact your Learning Consultant for more information.

Printed Text + CengageNOW Instant Access Code

ISBN-10: 1285569733 | ISBN-13: 9781285569734

List Price = $339.95  | College Bookstore Wholesale Price = $251.50

This Bundle Includes:

  • Practical Financial Management
    List Price = $325.95  | CengageBrain Price = $325.95  | College Bookstore Wholesale Price = $241.50
  • CengageNOW Instant Access Code
    List Price = $131.00  | CengageBrain Price = $131.00  | College Bookstore Wholesale Price = $131.00


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

Practical Financial Management (Book Only)  (ISBN-10: 143908050X | ISBN-13: 9781439080504)

List Price = $325.95  | College Bookstore Wholesale Price = $241.50

CengageNOW Instant Access Code  (ISBN-10: 0538746602 | ISBN-13: 9780538746601)

Succeed in your financial management course with CengageNOW, a powerful online homework tool that optimizes your learning experience. This interactive system generates a diagnostic Personalized Study Plan (with a chapter-specific Pre-test, Study Plan, and Post-test) to help you master concepts, prepare for exams, and get a better grade

List Price = $131.00  | CengageBrain Price = $131.00  | College Bookstore Wholesale Price = $131.00

Instructor’s Resource CD-ROM  (ISBN-10: 0538743557 | ISBN-13: 9780538743556)

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.

ExamView®  (ISBN-10: 0538755407 | ISBN-13: 9780538755405)

The ExamView® computerized testing program contains all of the questions in the printed Test Bank. ExamView® is an easy-to-use test creation software that is compatible with Microsoft Windows. While developing tests, you can edit questions, add your own questions or instructions, and print out answer sheets. Select questions by number, randomly, or through an on-screen preview. You can also create and administer quizzes online, using the Internet, local-area networks, or wide-area networks. ExamView® is only available on the IRCD.

Instructor’s Manual  (ISBN-10: 0538743638 | ISBN-13: 9780538743631)

This comprehensive manual, written by the text’s author to ensure the highest quality, provides all the time-saving resources you need for efficient class preparation. The manual includes chapter-by-chapter focus statements, pedagogical tips, and teaching objectives. All discussion questions offer detailed answers and all problem solutions are fully worked out. For your convenience, the Instructor’s Manual is available online and on the Instructor’s Resource CD.

Test Bank  (ISBN-10: 0538743603 | ISBN-13: 9780538743600)

The Test Bank is edited by William R. Lasher to ensure that all questions are consistent with the text’s style and are clear, readable, and appropriate for your students’ abilities. This edition contains more than 2,500 insightful questions categorized by topic area, including multiple-choice, true/false, fill-in, essays, and problems. For your convenience, the Test Bank is available online and on the Instructor’s Resource CD.

PowerPoint Slides  (ISBN-10: 0538743565 | ISBN-13: 9780538743563)

Instructor’s Edition  (ISBN-10: 053847243X | ISBN-13: 9780538472432)

Instructor’s Edition (with Thomson ONE - Business School Edition 6-Month Printed Access Card)  (ISBN-10: 0538472421 | ISBN-13: 9780538472425)

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.