Corporate Finance: Second Edition FlexText

--- What is FlexText? I have taught corporate finance at the introductory undergraduate, intermediate undergraduate, and introductory MBA levels. While teaching those courses I noticed significant overlap in the material covered. For instance, net present value is covered at all levels. To promote efficiency I have combined my lecture notes from all three levels into this single text. FlexText? is a new flexible textbook approach for multilevel instruction. With this "FlexText? - Corporate Finance" book professors can choose their own subset of chapters. In so doing professors and students have a consistent text for corporate finance instruction at multiple levels. On my website, www.efficientminds.com, you will find sample 16-week lecture schedules. The sample lecture schedules are for multiple levels of corporate finance and cross reference the appropriate subset of chapters in this book. --- What is new in the Second Edition?1. More examples are included throughout the text.2. A list of tables and a list of figures has been added for easy lookup.3. Numerous typos have been corrected.4. Expanded illustrations and explanations have been included in chapter appendices 5.A, 5.B, 11.A, and 14.A.5. Greatly expanded Chapter 8, managerial accounting.--- About this book It is my wish that these notes equip the reader in at least three ways. First, I would like the reader to gain knowledge in identifying ways to improve operating, investing, and financing activities. Second, I would like the reader to learn the use of tools for project selection, project risk assessment, and project risk management. Third, I would like the reader to become familiar with the implications of debt vs. equity financing. Throughout the notes you will find questions to check your understanding of the material. These questions foster classroom interaction. Also, I have intentionally left out numerical example details to encourage note taking during class. Numerical examples will be worked in class so you can fill in the blanks. So, be on the lookout for the square symbol that indicates a numerical example is near. These lecture notes are organized into three parts. Part I covers the fundamental concepts of financial management including the financial manager's role, corporate governance, the time value of money, bond valuation, stock valuation, and risk and return. Part II utilizes the concepts of Part I to analyze and forecast forecast financial statements, compute the cost of capital, and to increase awareness of the debt vs. equity choice. While Part II is focused on broader issues in corporate value, Part III is focused on project selection concepts. Part III includes detailed discussions on project selection criteria, project risk assessment, and managing project risk using real options. Thank you for purchasing this text. Lets learn how to make our corporations more valuable... Please visit my website and blog www.efficientminds.com for up-to-date analysis of current events, educational material, and consulting services.