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Now in its ninth edition, Financial Management for Decision Makers provides students with a unique focus on the practical application of financial management and its role in decision making. Covering topics such as financial planning, making capital investment decisions, and financing a small business, it provides an ideal introduction to the world of financial management.

New to this edition:

• A new chapter on international aspects of financial management, which explores the benefits and problems associated with internationalisation and the management of foreign exchange risk
• Updated explanations throughout including greater coverage of behavioural finance and share valuation methods
• Increased number of activities, giving more opportunities to engage with the key concepts
• Updated Real World examples, which provide connections between the theory and practice of financial decision making

This text is ideal for undergraduates from a non-accounting or non-finance discipline taking an introductory module in financial management. It is also suitable for postgraduate students enrolled on certificate and diploma courses in financial management, as well as those enrolled on Diploma in Management Studies and MBA programmes. The text can also be used by finance and accounting students as a foundation for further study.

A suite of resources are also available and accompany this text:

• For instructors: Solution’s manual and PowerPoint slides
• For students: Opportunities to practise and additional support given through a companion website

"The textbook integrates financial management, business policy and management function, and places emphasis on the integration of the finance function within the context of managerial decision-making and business planning. It also helps students to understand why sometimes theory and practice differ. Activities within the main text are inserted at appropriate points and Real World examples introduce readers to real-life scenarios and offer an opportunity to apply financial management theory and techniques."
-Dr Kalsoom Jaffar, Lecturer and Course Director for BSc Finance, Aston University

Peter Atrill is a freelance academic who has worked with leading institutions in the UK, Europe and SE Asia. He was formerly the Head of Business and Management and Head of Accounting and Law at Plymouth Business School, Plymouth University.

Financial Management for Decision Makers

Preface   

Acknowledgements

1 The world of financial management

2 Financial planning   

3 Analysing and interpreting financial statements      

4 Making capital investment decisions   

5 Making capital investment decisions: further issues   

6 Financing a business 1: sources of finance   

7 Financing a business 2: raising long-term finance

8 The cost of capital and the capital structure decision  

9 Making distributions to shareholders

10  Managing working capital   

11  Measuring and managing for shareholder value   

12  Business mergers and share valuation   

13  International aspects of financial management   

Appendix A  Present value table  

Appendix B  Annual equivalent factor table   

Appendix C  Solutions to self-assessment questions   

Appendix D  Solutions to review questions

Appendix E  Solutions to selected exercises   

Glossary