Managerial Finance (9th Edition)

Description:

Master the financial heartbeat of a business. Managerial Finance (9th Edition) is widely considered the “go-to” textbook for South African students pursuing careers in Finance and Chartered Accountancy. This edition is praised for its ability to distill complex global financial theories into a “digestible” format specifically tailored for the South African business environment.

Why the 9th Edition is a Finance Major’s Essential:

• JSE & Local Focus: Unlike international texts, this book uses South African examples, including JSE-listed firms and local tax regulations.

• Long-Term Utility: Designed to be used from second-year undergraduate level all the way through to postgraduate honors and Qualifying Exams (QE).

• Clear Hierarchy: Advanced sections are clearly labeled, allowing you to focus on core principles first before tackling high-level corporate finance strategies.

• Practice-Heavy: Packed with South African case studies and graded problems that reflect the difficulty of university-level assessments.

Key Topics Covered:

• Financial Statement Analysis: Mastering ratios to evaluate a company’s liquidity, activity, and profitability.

• The Time Value of Money: The foundational math behind valuations and investment decisions.

• Capital Budgeting: Using NPV (Net Present Value) and IRR (Internal Rate of Return) to select profitable projects.

• Risk and Return: Understanding the relationship between risk, diversification, and the CAPM (Capital Asset Pricing Model).

• Cost of Capital: Calculating the Weighted Average Cost of Capital (WACC) to determine a firm’s hurdle rate.

• Working Capital Management: Strategies for managing short-term assets and liabilities.

Key Specifications:

• ISBN-13: 9780639009780

• Editor: F.O. Skae (with Benade, Combrink, et al.)

• Publisher: LexisNexis South Africa

• Edition: 9th Edition

• Format: Physical Paperback

Condition Note: This textbook is in excellent condition.