Fundamentals of Financial Management 12th Edition - James C. Van Horne & John M. Wachowicz Jr. Instructor's Manual

Overview

Trust the market-leading author team that is First in Finance to help put your students on the forefront of understanding today’s corporate finance and financial management. Brigham/Houston’s FUNDAMENTALS OF FINANCIAL MANAGEMENT, 12E offers a unique balance of clear concepts, contemporary theory and practical applications in a dynamic text that continues to set the standard for quality, reliability, accuracy, and innovation. The renowned author team’s emphasis on Time Value of Money (TVM) is now repositioned, allowing students to immediately begin using the concepts after learning them. The book’s strong foundation in the basics is punctuated with timely real-world examples, proven end-of-chapter applications, Integrated Cases, and Excel spreadsheet models that make it easier for students to understand the how and why of corporate budgeting, financing, and working capital decision making. The latest financial innovations continue throughout a comprehensive support package prepared by the text authors to ensure reliable consistency. Students can access THOMSON ONE-BUSINESS SCHOOL EDITION, the same financial online database used by professionals every day, as well as another first--APLIA FOR FINANCE, the leading homework solution in educational publishing today. Let Brigham/Houston’s FUNDAMENTALS OF FINANCIAL MANAGEMENT, 12E keep you and your students first in finance with success after success.

Features and Benefits

UNIQUE BALANCE OF THEORY AND PRACTICE SETS BOOK APART --A hallmark strength that has made this leading text truly first in finance, Brigham and Houston clearly introduce important financial theories using a unique, practically focused presentation. Students see how theories and trends are applied through proven learning features, a wealth of real-world examples, practical problem sets, and integrated mini-cases.
RELIABLE PRESENTATION PROVIDES TRUSTED ACCURACY --This leading finance author team’s meticulous attention to detail and time-tested content deliver a complete text and package of author-written supplements that you can trust with confidence in your course.
PROFESSIONAL POWER OF THOMSON ONE - BUSINESS SCHOOL EDITION (BSE) GIVES STUDENTS ACTUAL FINANCIAL TOOLS --Bring concepts to life as students complete basic financial research and analysis using the same tool that professional brokers and analysts use every day--Thomson ONE-BSE online database. Students access leading financial data sources, including Thomson Financial, Worldscope, SEC Disclosure, Datastream and more, to complete special Thomson ONE-BSE end-of-chapter problems in the text.
AUTHOR-WRITTEN SUPPLEMENTS ENSURE CONSISTENT QUALITY --You find the same level of accuracy and precision crafting that has made this text first in finance throughout all of this edition’s supplements. Prepared by the text authors to ensure consistency, this seamless and integrated package includes a sizeable, revised test bank, particularly useful for professors with large course enrollments.
RENOWNED CONTEMPORARY AUTHOR TEAM ENSURES INNOVATIVE APPROACH --This premier authorship team combines the extensive teaching background and more than 30 of text writing experience of Gene Brigham with the recognized contemporary scholarship and forward thinking of Joel Houston to deliver a consistently innovative approach that’s first in finance today.
FOCUSED SELF-TEST PROBLEMS ENSURE UNDERSTANDING --Self-test Problems for students appear immediately after each major section of the chapter and allow students to test their comprehension before moving ahead, instead of waiting until the conclusion of the chapter.
ETHICS COVERAGE REFLECTS TODAY’S CHALLENGES --Significant ethics coverage in this edition allows you to easily and time-efficiently locate and integrate material on this important topic at appropriate points within your course.
EXCEL APPLICATIONS AND INTEGRATED SPREADSHEET MODELS HELP STUDENTS UNDERSTAND CONCEPTS --More than just Excel templates, Integrated Spreadsheet Models accompany each chapter (except Ch. 1) and assist students in developing effective techniques for financial problem solving. Applications help students understand finance concepts rather than simply memorize finance equations. Spreadsheet models also serve as tutorials that demonstrate how to maximize Excel as a powerful finance tool.

Table of Contents

PART I: INTRODUCTION TO FINANCIAL MANAGEMENT.
1. An Overview of Financial Management.
PART II: FUNDAMENTAL CONCEPTS IN FINANCIAL MANAGEMENT.
2. Financial Markets and Institutions.
3. Financial Statements, Cash Flow, and Taxes.
4. Analysis of Financial Statements.
5. Time Value of Money.
PART III: FINANCIAL ASSETS.
6. Interest Rates.
7. Bonds and Their Valuation.
8. Risk and Rates of Return.
9. Stocks and Their Valuation.
PART IV: INVESTING IN LONG-TERM ASSETS: CAPITAL BUDGETING.
10. The Cost of Capital.
11. The Basics of Capital Budgeting.
12. Cash Flow Estimation and Risk Analysis.
13. Real Options and Other Topics in Capital Budgeting.
PART V: CAPITAL STRUCTURE AND DIVIDEND POLICY.
14. Capital Structure and Leverage.
15. Distributions to Shareholders: Dividends and Share Repurchases.
PART VI: WORKING CAPITAL AND FINANCIAL PLANNING.
16. Working Capital Management.
17. Financial Planning and Forecasting.
PART VII: SPECIAL TOPICS IN FINANCIAL MANAGEMENT.
18. Derivatives and Risk Management.
19. Multinational Financial Management.
20. Hybrid Financing: Preferred Stock, Leasing, Warrants, and Convertibles.
21. Mergers and Acquisitions.