Students often struggle to see how financial concepts relate to their personal lives and prospective careers. Financial Management: Principles and Applications gives students a big picture perspective of finance and how it is important in their personal and professional lives. Utilizing five key principles, the 13th Edition provides an approachable introduction to financial decision-making, weaving in real world issues to demonstrate the practical applications of critical financial concepts. \nFeatures: \n1. Tying it all together. Through relevant, contemporary examples, students can easily identify relationships between the following key financial principles: \n• Principle 1: Money has a time value. \n• Principle 2: There is a risk-return tradeoff. \n• Principle 3: Cash flows are the source of value. \n• Principle 4: Market prices reflect information \n• Principle 5: Individuals respond to incentives. - A running glossary appears in the margins to define key terms found within each section. - Finance in a Flat World boxes demonstrate how each chapter’s content applies to international business, including the ongoing global financial crisis. - The Business of Life boxes link important financial concepts to personal finance matters, helping students see key principles in action. - Fundamental equations appear throughout each chapter so students can reference formulas for assignments and problems. - Checkpoint Worked Examples allow students to assess their progress and knowledge at specific points throughout the text. - Appendixes provide supplemental information on skills such as using a financial calculator and spreadsheet, and reading time value of money tables. \nTable of Contents: Part 1: Introduction to Financial Management \n1. Getting Started—Principles of Finance \n2. Firms and the Financial Markets \n3. Understanding Financial Statements \n4. Financial Analysis—Sizing Up Firm PerformancePart 2: Valuation of Financial Assets \n5. The Time Value of Money—The Basics \n6. The Time Value of Money—Annuities and Other Topics \n7. An Introduction to Risk and Return—History of Financial Market Returns \n8. Risk and Return—Capital Market Theory \n9. Debt Valuation and Interest Rates\n10. Stock Valuation Part 3: Capital Budgeting \n11. Investment Decision Criteria \n12. Analyzing Project Cash Flows \n13. Risk Analysis and Project Evaluation \n14. The Cost of Capital Part 4: Capital Structure and Dividend Policy \n15. Capital Structure Policy \n16. Dividend and Share Repurchase Policy Part 5: Liquidity Management and Special Topics in Finance \n17. Financial Forecasting and Planning \n18. Working-Capital Management \n19. International Business Finance \n20. Corporate Risk Management