Description
· Categorises and analyses the main sources of finance, with discussions on raising equity and the bond markets
· Examines strategic financial decision-making, with chapters on: investment appraisal, including an intuitive discussion on real options; financial forecasting and planning; and the cost of capital and capital structure
· In the context of recent turmoil in financial markets, a theoretical discussion on money markets and interest rates and the yield curve is provided
· Incorporates an overview of the key paradigms in finance
· An entirely new section on ‘special topics’ includes an examination of derivatives and a discussion on international financial management
· Suitable for third level and professional accountancy students taking finance as a major subject and for those studying finance as part of a non-finance course
· Each chapter contains the following:
– a set of learning objectives
– a comprehensive executive summary
– newspaper vignettes introducing students to real-life situations
– end of chapter questions (including general reviews and concept questions) and computational and mathematical problems Accompanied by an expanded lecturers’ and students’ website containing: more challenging questions; PowerPoint presentation material; new multiple choice questions; study tips; and extensive web links

Author Biography
Thomas Power, BA (Hons), MBS (Finance) lectures in Finance and Economics at the Faculty of the Built Environment, Dublin Institute of Technology.
Stephen Walsh BA (Mod), MA (NUI) (Economics) lectures in Investment Analysis and Financial Mathematics at the Faculty of the Built Environment, Dublin Institute of Technology.
Paul O'Meara BA (Hons), MA (Economics) lectures in Finance and Decision Making Techniques in the School of Business at Athlone Institute of Technology.

Table of Contents
PART 1: Introduction to Financial Management
Chapter 1: Overview of Finance
Chapter 2: Financial Statements and Cash flow
Chapter 3: Financial Statement Analysis
PART 2: Risk and Return
Chapter 4: Time Value of Money
Chapter 5: Introduction to Bonds
Chapter 6: Portfolio Theory and the Capital Asset Pricing Model
Chapter 7: Portfolio Performance Taking Account of Risk
PART 3: Valuations
Chapter 8: Share and Company Valuations
Chapter 9: Dividend Policy
Chapter 10: Mergers and Acquisitions
PART 4: Long-Term Financial Strategy
Chapter 11: Financial Forecasting for Planning
Chapter 12: Investment Appraisal
Chapter 13: The Cost of Capital and Capital Structure
PART 5: Long-Term Sources of Finance
Chapter 14: Raising Equity Finance
Chapter 15: The Bond Market
Chapter 16: A more detailed examination of the Bond Market
PART 6: Short-term and Medium-Term Sources of Finance
Chapter 17: Working Capital and Cash Management
Chapter 18: Inventory and Credit Management
Chapter 19: Short-term Sources of Finance
PART 7: Special Topics in Finance
Chapter 20: Risk Management
Chapter 21: Loans and Mortgages