Description
This Guide provides a concise and informative survey of the field of financial management. Financial management has taken on increased importance in the highly turbulent financial markets of the United States and the rest of the world. Financial rates have been on a roller coaster-the relative strength of the U.S. dollar in relation to other major currencies has also fluctuated. Efforts to control inflation have only partially succeeded.
These developments have presented new and difficult challenges to financial managers. Corporate financial practices and policies have been greatly affected. The literature of finance has continued to make advances, particularly in the areas of capital budgeting and the cost of capital. Business practitioners are making increased use of financial theory, and feedback from their applications have also enriched the theory. This Guide covers these important new materials.
This guide is decision oriented to the important issues of financial management. It reflects considerable consulting experience on practical problems of financial management as well as teaching in executive development programs over a number of years. Financial management is presented as the acquisition and use of funds to contribute to in- creased efficiency and therefore to the increased value of organizations.
ISBN:0256027307
