Language : English
Published : 2014-08-30
Business Finance 12th Edition (with Access Card)
This is the 12th edition of the market-leading Business Finance, a highly regarded text that has now been around for 42 years. It takes a rigorous and authoritative coverage of major corporate finance topics, sitting at the highest level with regard to technical concepts. It is also the only wholly Australian textbook offered at this level rather than an adaptation of an international textbook.
*A full Connect Plus package is available with this text, featuring the end-of-chapter problems PLUS new interactive questions!
*Revision of Chapter 2 on Fisher’s Theorem, behavioural finance and increased discussion of capital budgeting.
*Categorised end-of-chapter material into basic, intermediate and advanced levels in the form of Question, Problem, Extension Exercise, differentiates questions for students of different aptitudes.
*End-of-chapter questions and problems are tagged for learning objectives, helping to reinforce key principles and the real-world applications of economic theory.
*Each chapter is carefully structured around its learning objectives, with learning objectives highlighted throughout the text.
*Finance in Action boxes with tables, figures and new data discuss recent and historical trends in economics.
*Worked examples are integrated throughout the text, accompanied by explanations of the theories used.
*Key terms are highlighted in the text with margin definitions where they first appear, and compiled into the glossary.
* Self-test problems for students, with answers at the back of the book.
This sixth edition of International Financial Reporting and Analysis has been fully updated for new international requirements reflecting changes in the IASB and IFRS whilst maintaining its effective conceptual approach in international reporting standards. New real world illustrations have been added and real life company accounts have been updated to include a wider range of companies from across the globe, ensuring this edition is truly international. This edition also comes with CourseMate and a companion website including PowerPoint slides, an Instructor’s Manual, a comprehensive Testbank and solutions to the end of chapter questions.
The final word on passive vs. active investing
The debate on active investing-stock picking and market timing-versus passive investing-markets are highly efficient and almost impossible to outperform-has raged for decades. Which side is right? In The Quest for Alpha: The Holy Grail of Investing, author Larry E. Swedroe puts an end to the debate, proving once and for all that active investing is likely to prove futile as the associated expenses-costs, fees, and time spent analyzing individual stocks and the overall market-are likely to exceed any benefits gained. The book
- Presents research, data, and quotations that reveal it’s extremely difficult to outperform the market
- Explains why investors should focus on asset allocation, fund construction, costs, tax efficiency, and the building of a globally diversified portfolio that minimizes, if not eliminates, the taking of idiosyncratic, uncompensated risks
- Other titles by Swedroe: The Only Guide to Alternative Investments You’ll Ever Need and The Only Guide You’ll Ever Need for the Right Financial Plan
Investors are on a never-ending search for a money manager who will deliver returns above the appropriate risk-adjusted benchmark, aka the “Holy Grail of Investing.” The Quest for Alpha demonstrates that it’s a loser’s game-while it’s possible to win, it’s so unlikely that you shouldn’t try.
The first Australian edition of Corporate Finance offers a dynamic, modern and practical approach that illustrates how financial management really works. Corporate Finance features up-to-date content including the impact of the Global Financial Crisis and capital budgeting. The strong five part framework is supported by integrated online elements and easy-to-read text.