Understanding Corporate Finance

Understanding Corporate Finance

Robert N. Holt,Ph.D.,C.P.A.

Fifth Edition © Copyright 2011 Ivy Software

Table of Contents

Title

Page

Introduction..................................................................................................................................1 Chapter One- Analyzing Financial Statements............................................................................2 Chapter Two- Projecting Earnings and Cash Flow....................................................................20 Chapter Three- Creating Value for Stockholders.......................................................................28 Chapter Four- Capital Budgeting................................................................................................38 Chapter Five- Calculating the Cost of Raising Capital...............................................................46 Chapter Six- Assessing Merger and Acquisition Targets...........................................................57 Chapter Seven- Financing Investments.......................................................................................63 Illustrations..................................................................................................................................72

Introduction

their study when they realize that it is a field that no one will ever wholly master. Others are dismayed when they realize that the best financial managers are those which keep themselves continually apprised of the latest theoretical and practical developments: the commitment necessary to sustain excellence in this profession is a profound one. Because finance is such an encompassing field, specialization is prevalent. There are experts in investment analysis, security analysis, lending, security underwriting, leasing, personal finance, and corporate finance, to name a very few of the specializations. Pick up an annual report of any financial services company and you will gain...