FINANCIAL MANAGEMENT Corporate Finance: A South African Perspective 3e
Editors: G Els, P Erasmus and S Viviers Authors: L Alsemgeest, E du Toit, S Ngwenya and K Thomas
Corporate Finance: A South African Perspective 3e takes a principle-based approach to the study of fi nancial management. It is aimed at second- and third-year students following courses in fi nancial management in BCom or BBusSc degree programmes.
The book explains fi nancial management concepts and practice in an accessible and concise way, while supporting students with plenty of practice examples and illustrations of real-life applications.
The book features the following:
• Opening and closing case studies of international as well as South African companies (to help students analyse fi nancial theory in context)
• Worked examples and end-of-chapter questions to provide essential practice in fi nancial calculations • A solutions section at the end of the book to facilitate self-study • Advice from fi nancial managers, exposing students to real-life decision-making • Revision quizzes, which test key concepts • Examples of fi nancial statements, which build on students' understanding of accounting and develop fi nancial literacy
• A glossary of key concepts in English and Afrikaans at the end of each chapter
New to this edition • Updated case studies (e.g. the challenges facing SAA and Distell’s sale of Bisquit) and new case studies (e.g. Steinhoff ’s need to raise capital after its 2017 share plunge, the performance of Woolworths after the purchase of David Jones, Netcare’s capital structure, the importance of working capital, and Discovery’s plan to launch a digital bank), as well as new examples
• A revised Chapter 1 including a short discussion of King IV™, reference to links between corporate governance and the agency problem, and details on the four new stock exchanges in SA and pure online banks, as well as a section on ethics and a discussion of how shareholder wealth maximisation must be balanced against sustainable returns for stakeholders
• New content on special dividends, factors infl uencing dividend pay-outs and integrated reporting that looks at the fi nancial, manufactured, intellectual, human, social and natural capital required to create value, as well as ethical and environmental, social and corporate governance (ESG) considerations.
• Streamlining of content such as the removal of reference to ‘no par value’ and the discussion of ‘preference shares’ and reduced discussion of closed corporations • Updated Learning Zone material and new questions
“This textbook will more than likely contribute signifi cantly to the sustainable creation of wealth in South Africa.”
Prof H Wolmarans, University of Pretoria
Table of contents: Chapter 1: Introduction to fi nancial management • Chapter 2: Financial statements • Chapter 3: Ratio analysis • Chapter 4: The time value of money • Chapter 5: Investment appraisal methods • Chapter 6: Estimating relevant cash fl ows • Chapter 7: Appraising investment risk • Chapter 8: Bond valuation and interest rates • Chapter 9: Share valuation • Chapter 10: Risk and return • Chapter 11: Cost of capital • Chapter 12: Sources of fi nance and capital structure • Chapter 13: Distribution policy • Chapter 14: Working-capital management
Lecturer resources • PowerPoint® slides • Chapter synopses and teaching suggestions • Question bank
learningzone.oxford.co.za
Student resources • Multiple-choice questions • Website activities
PAPERBACK JUL 2020 OUP SA
576 PAGES 9780190751906 9780190741327
NEW
ACCOUNTING & AUDITING: FINANCIAL MANAGEMENT
15
Page 1 |
Page 2 |
Page 3 |
Page 4 |
Page 5 |
Page 6 |
Page 7 |
Page 8 |
Page 9 |
Page 10 |
Page 11 |
Page 12 |
Page 13 |
Page 14 |
Page 15 |
Page 16 |
Page 17 |
Page 18 |
Page 19 |
Page 20 |
Page 21 |
Page 22 |
Page 23 |
Page 24 |
Page 25 |
Page 26 |
Page 27 |
Page 28 |
Page 29 |
Page 30 |
Page 31 |
Page 32 |
Page 33 |
Page 34 |
Page 35 |
Page 36 |
Page 37 |
Page 38 |
Page 39 |
Page 40 |
Page 41 |
Page 42 |
Page 43 |
Page 44 |
Page 45 |
Page 46 |
Page 47 |
Page 48 |
Page 49 |
Page 50 |
Page 51 |
Page 52 |
Page 53 |
Page 54 |
Page 55 |
Page 56 |
Page 57 |
Page 58 |
Page 59 |
Page 60 |
Page 61 |
Page 62 |
Page 63 |
Page 64 |
Page 65 |
Page 66
