Understand the mathematics of portfolios and how risk affects the value of the asset in equilibrium under the fundaments asset pricing paradigms (CAPM and APT) Dedicated Chapter on What We Do Know and What We Do Not Know about Finance: Discussion on seven major ideas and the ten unsolved problems of finance Brealey, Principles of Corporate Finance, 13e, describes the theory and practice of corporate finance. We hardly need to explain why financial managers have to master the practical aspects of their job, but we should spell out why down-to-earth managers need to bother with theory. Throughout this book, we show how managers use financial theory to solve practical problems. Much of this book is concerned with understanding what financial managers do and why. But we also say what financial managers should do to increase company value.

Application-Based Activities (ABAs) for students to apply their knowledge & problem-solving skills in realistic scenarios. The latest in the Principles of Corporate Finance dynasty, serving the best business programmes in the world for decades, the 14th edition continues in its tradition of showing how theory applies to the very practical problems and decisions faced by financial managers. Understand why financing decisions fundamentally determine the value and cost of capital of the firm. Connect is an online platform integrating ready-made course content with assessment and tools. The platform uses the most established adaptive digital technology to deliver a more effective learning experience for both students and educators across over 90 disciplines. Principles of Corporate Finance is a reference work on the corporate finance theory edited by Richard Brealey, Stewart Myers, Franklin Allen, and Alex Edmans. [1] [2] The book is one of the leading texts that describes the theory and practice of corporate finance. It was initially published in October 1980 and now is available in its 14th edition. Principles of Corporate Finance has earned loyalty both as a classroom tool and as a professional reference book.Corporate financing includes the activities involved with a corporation's financing, investment, and capital budgeting decisions. Capital Financing Finance prep courses for students who need a little extra help covering the basic concepts in Maths, Statistics, Accounting, Excel, and Economics.

Real options: understand what real options are and why they are important in project valuation; understand and calculate the source of option value; three types of real options: options to abandon/expand/wait. To continue uninterrupted business services on a regular basis it is required to provide enough funds to the related parties. Managing working capital is one of the tough jobs of corporate managers as it required good planning of cash inflow and outflow. It can be managed from the long-term financing sources or short term sources. Internal Control Principle understand and explain different capital structure theories, including information asymmetry and agency conflict Professor of Finance and Economics, Imperial College London, and Emeritus Nippon Life Professor of Finance at the Wharton School of the University of Pennsylvania. He is past president of the American Finance Association, Western Finance Association, Society for Financial Studies, Financial Intermediation Research Society, and Financial Management Association. His research has focused on financial innovation, asset price bubbles, comparing financial systems, and financial crises. He is Director of the Brevan Howard Centre for Financial Analysis at Imperial College Business School. Professor of Financial Economics at MIT’s Sloan School of Management. He is past president of the American Finance Association, a research associate at the National Bureau of Economic Research, a principal of the Brattle Group, Inc., and a retired director of Entergy Corporation. His research is primarily concerned with the valuation of real and financial assets, corporate financial policy, and financial aspects of government regulation of business. He is the author of influential research papers on many topics, including adjusted present value (APV), rate of return regulation, pricing and capital allocation in insurance, real options, and moral hazard and information issues in capital structure decisions.Every effort has been made to explain the material much more clearly to make it accessible to the non-finance reader – importantly, without dumbing it down. Terms are precisely defined and key concepts made explicit rather than having to be inferred from the narrative.

Sample CFA questions: over a thousand additional questions for the CFA exams in partnership with Kaplan Schweser. Substantial revision of the market efficiency chapter, with new evidence on behavioural finance and an expanded discussion of its implications for financial managers. Stewart C. Myers - Emeritus Professor of Financial Economics at MIT’s Sloan School of Management. He is past president of the American Finance Association, a research associate at the National Bureau of Economic Research, a principal of the Brattle Group Inc., and a retired director of Entergy Corporation. His research is primarily concerned with the valuation of real and financial assets, corporate financial policy, and financial aspects of government regulation of business. He is the author of influential research papers on many topics, including adjusted present value, rate of return regulation, pricing and capital allocation in insurance, real options, and moral hazard and information issues in capital structure decisions. Looking at what financial managers do and why, the book aims to give readers a solid understanding of theory so that they know what questions to ask when times change and new problems need to be analysed, eventually standing as a reference and a guide to help them make financial decisions, not just study them.Principles Of Corporate Finance by Richard A. Brealey, Stewart C. Myers". goodreads.com . Retrieved 2015-03-02.

Risk management: understand why and how companies manage risk; cost of hedging; covered and uncovered interest rate parity. Internal control works as a success factor in corporate finance. The more internal control exists in your organization the less mismanagement of recording and management of funds will be there. A better internal control actually helps to increase the efficiency in the different field of an organization. If a corporate finance manager works for the management of the internal control system, then the overall functionality and proper use of financial assets will be ensured. This new edition welcomes Alex Edmans to the author team, whose global authority and expertise in corporate governance, responsible business and behavioural finance have been invaluable in bolstering coverage of these topics. A new chapter is entirely dedicated to the subject of balancing shareholder value with promoting the interests of all stakeholders, the potential conflicts inherent in this, and how a responsible business should behave. Professor of Finance and Economics, Imperial College London, and Nippon Life Professor of Finance at the Wharton School of the University of Pennsylvania. He is past president of the American Finance Association, Western Finance Association, Society for Financial Studies, Financial Intermediation Research Society, and Financial Management Association. His research has focused on financial innovation, asset price bubbles, comparing financial systems, and financial crises. He is executive director of the Brevan Howard Centre for Financial Analysis at Imperial College Business School. Acquire an understanding of corporate financial objectives, the dimensions of corporate financial decision making

Learning and Teaching

If taken as part of a BSc degree, the following course(s) must be attempted before this course may be taken: Excel simulations to help students learn and practise using common Excel functions and formulas – now with Integrated Excel. The Connect Application-Based Activities (ABAs) provide students valuable practice using problem solving skills to apply their knowledge to realistic scenarios. Students’ progress from understanding basic concepts to using their knowledge to analyse complex scenarios and solve problems. Available ABAs for corporate finance include: The Goals and Activities of Financial Management I'm currently working on my MBA. I graduated with a 4.0 and a 3.79 for my two undergraduate degrees; I work hard for my grades. In all my currently nine years of higher education I've never come across a more poorly written textbook. There is a lot of math involved, but formulas are rarely clearly given, and algebraic rearrangements of the formulas are interspersed without comment or warning. Examples are wordy and difficult to follow. The index misses many important concepts and the glossary refuses to include any sort of formula to assist with calculations. Mergers and acquisitions: motivations for merger activity; calculating the gains and losses from merger/takeover; the free-rider problem and takeover activity.